How do we class all expenses automatically in a particular account? Similarly the products and service are being classed automatically?
I have connected to PayPal App with QuickBooks and noticed that it automatically created an expense account for PayPal fees which is fine. However, I would like to have all charges to be automatically classed as Fundraising that are appearing in the PayPal Fee Account. Now I don’t know if there is a better way to do this because when I try to edit an account from the Chart of Accounts it does not let me assign a class, the way you can in Products and Services.
Hey Katherine,
I would suggest that you should use the Bank Rules option and create a rule for such transactions.
Below are few steps to create expenses automatically in a particular account:
- Go to Banking Tab from the navigation menu.
- Click on New rule option
- Enter a Name for the rule
- Choose the right Account
- Specify the Rule Conditions
- Choose the Transaction Type
- Click Save
If the above steps are not helpful, If you face any difficulty or issues in performing the above-provided steps, then you can speak to a QuickBooks Expert at +1-855-875-1223.
