My bank downloaded transfer in bank feed as an expense and I have already added as an expense in QuickBooks. How do I change it to transfer type since it’s already in the register as an expense in QuickBooks? I looked but I don’t see an option to change it.
You will simply need to open the transaction and delete the expense by clicking “More” at the bottom and then Delete. OR from the bank feed section, go to “In QuickBooks” tab, locate the transaction and click UNDO under Action column. That will bring the transaction back to “For Review” tab again.
To switch the transaction from Expense type to Transfer type, do the following:
1) Under “For Review” tab, locate the transaction and click the transaction row.
2) You will see ‘Add’, ‘Find match’ and ‘Transfer’ radio buttons.
3) Switch radio button from Add to Transfer and click “Transfer” button. Now, it’s recorded as a transfer from one bank to another bank account or credit card.