Assign a Bulk Amount of Bank Transactions in QuickBooks Online

This article addresses how to allocate a bulk number of transactions within the bank feeds (bank transactions) area in QuickBooks Online.

For example:

Suppose there are ten new credit card transaction that imported from your (connected) online CC account into the bank feeds (bank transactions) area in QuickBooks Online. Further, let ‘s say that seven of these new transactions are all automobile fuel charges.

Instead of allocating each fuel charge, one at a time, into the appropriate automobile fuel expense account, you can instead save time and allocate all seven of these new charges, at the same time, into that appropriate expense account.

So, in our scenario, let’s get started:

1. First be sure you have clicked on the “Update” button in your bank feeds (bank transactions) module to ensure you have received all of the latest transactions downloaded into your QuickBooks Online bank feeds module.
2. Next, to make things visually simpler, sort your new downloaded transactions by “Description” by clicking on the word “Description” at the top of the list.
3. New select those seven automobile fuel charges (as we noted above).
4. New click on the “Update” button that came into view towards the top.
5. For Transaction type, choose “expense”.
6. For Payee, you can choose the appropriate vendor if all of these charges were purchase from the same vendor (same gas station), otherwise decide if you need to worry about this field at all since the vendor’s name is within the description anyways and you may not need to worry about which gas station you spend the most money at anyways.
7. Next, within the “Category” field, choose your appropriate automobile fuel expense account.
8. Now click on “Apply”
9. Review your work to ensure all was assigned correctly.

Note: AccuraBooks is a bookkeeping firm only, so please consult with your C.P.A. for verification and clarification about the contents of this article.