Question

Donna has categorized all payments for building power and water as Rent. These payments should have been categorized as Utilities. In QuickBooks Online Accountant, which tool will be the most useful to remedy this issue?

Answer 1

For Donna to be able to easily remedy her categorization error, she can use QuickBooks Online Accountant’s Reclassify Transactions tool. It would allow her to select the building power and water payments and reclassify them to Utilities, instead of Rent.