How to Exclude a Bank Transaction into the QB Online App

Do you want to learn how to exclude a downloaded transaction from the company expense? This blog post will help you determine how you can prevent a particular transaction from going into the company's expenses. To automatically download transactions, users connect their bank accounts with QuickBooks from the app or the browser. However, when you don’t want all the transactions to add to your company expenses and prevent them from being added, you can exclude them. It is important to note that excluding the bank transaction is different than deleting it. The instructions given in the blog will assist you in learning the process in a manageable way.

If you need stepwise instructions on excluding the bank transaction promptly, then you can dial +1(800) 780-3064 and connect with a QuickBooks expert for detailed assistance.

How to Check and Exclude the Transaction in QuickBooks

We have broken down the process into two steps; follow the guidelines carefully:

Step 1: Verify the Requirement to Exclude the Transaction

Before excluding the transaction you downloaded, ensure it is appropriate for your accounting. Excluding a transaction means that it is not present in any account entries or financial records. On the basis of transaction type, it may impact your reconciliation process by either making it easier or harder. If you find QuickBooks checks not matching, then verify their presence in the register on the Banking page.

1. If the transaction you downloaded is a duplicate, have it already been recorded in your books, then move to Step 2.
2. If the downloaded transaction is a personal expense, then you should add it to QuickBooks instead of excluding it. Otherwise, the financial institution in QB will mismatch your bank statement while reconciling it.

Step 2: Exclude a Downloaded Transaction

Once you are sure that excluding the transaction is beneficial, then follow the steps below:

How to Exclude a Transaction on the Web in QB

1. Go to the Transactions button.
2. Then, you have to click the Bank transactions option.
3. When the above step is complete, you need to click the For Review tab.
4. Now, tick the checkbox of the transactions that you want to exclude.
5. Finally, hit the Exclude option. Now, this transaction is sent to the excluded tab on the Banking page.
6. If you mistakenly exclude the wrong transaction, then you can fix this by selecting the Excluded tab. Tick the transaction checkbox, then select the Undo button.

How to Exclude a Transaction in QB Online for Android

1. If you are using an Android to exclude a transaction, then tap on the Menu icon.
2. Hit the Transactions option.
3. After selecting the Review transactions option, you have to select the downloaded transactions that you wish to exclude.
4. Thereafter, click trash can.
5. Finally, click the Confirm option.

This blog provides a complete explanation of how users can exclude a downloaded bank transaction from being downloaded into QuickBooks Online. It explains and illustrates the process on the web and for Android. If you need to clarify a doubt or confusion, then immediately connect with a QuickBooks expert.