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QuickBooks application is becoming popular among the accounts industry and is employed by mostly every small-sized company. QuickBooks comes up with a lot of tools which is beneficial in accounting activities. One such tool is the reclassify tool in QuickBooks. It is one of the beneficial tools provided by the QuickBooks software. You can use the QuickBooks reclassify tool to classify the transactions which will help you to keep track of the transactions for tax purposes. You are needed to employ the tool and it will find the transactions that you have linked to the wrong account or under the wrong class. In this article, we are going to talk about how you can reclassify transactions in QuickBooks. We have mentioned different steps that can help you to reclassify transactions in QuickBooks online as well as on QuickBooks desktop.
If you want to reclassify the transactions and move them to another location, you are needed to keep in mind the following transactions won’t be able to move after reclassifying.
Here is a stepwise that you need to follow to reclassify the transactions. The process consists of three steps and we have mentioned all the steps in detail.
The first step in the process is to select the year for which you want to reclassify the transactions. Follow the steps mentioned below.
The next step in the process is to review the transactions. Follow the steps mentioned below.
The last step in the list is to reclassify the transactions. Follow the steps mentioned below.
Reclassifying transactions in QuickBooks can help you to manage the transactions in a better way. You may experience different QuickBooks error codes. We hope that the steps we have mentioned will help you to reclassify the transactions in QuickBooks. As it is mentioned, it is a simple process to reclassify the transactions in QuickBooks consisting of a few steps. We have tried to explain to you with detailed procedure for reclassifying transactions in QuickBooks. Our team will help you to resolve the issues by contacting us that you are facing or any concerns that you have.