There is no quick way to select all transactions and “Reclassify” “Location” at this time. You will need to open each transaction and reclassify it one by one.
If you have QuickBooks Online Accountant version, you can reclassify (accountant tool > upper left corner, little email icon) certain selected transactions and change CLASS in batch, but not LOCATION at this time.
If you think you need this feature added to future revision, send them feedback here:
From the home page screen > Company Gear (upper right corner) > Your Company > Feedback > Post Your Own Idea
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