Managing Expenses

One of the most powerful tools in Quickbooks is the Expense categorization and monitoring feature. The ability to categorize business expenses creates order out of the sometimes chaotic activities that any business must perform in their day to day. The following tutorials are designed to help you understand and manage this process through both the online platform, but also through a host of tools on the Quickbooks Online mobile app. Once you’ve connected your bank account to online banking in QuickBooks, QuickBooks downloads your recent transactions every day. All you need to do is review each transaction, categorize them into the correct account on your chart of accounts, and then add them to QuickBooks. Let’s go over how to review the transactions downloaded from your bank, how to categorize them, and how to add them to QuickBooks.