QBO —Bank Categorization History Tip
When you are reviewing the bank transactions in QBO (QuickBooks Online), do you ever find yourself jumping back and forth between the bank transaction list and the Vendor center? You see an expense and you wonder what categorization to use for that vendor — so you pop over the Vendor center, search for that vendor and look to see how their expenses were coded in the past.
See example below from “For review” Tab in Bank Transactions window.
Rather than navigating outside of Bank transactions to see what the last expense for this vendor was — click on the “Categorization history” link at bottom right of transaction.
This will open a window on the right that lists all transactions for this vendor from the last 12 months.
From this window you can Create a Rule or Assign Category for this new transaction to match the previous items. After you choose, QB takes you back to the transaction and from there you can ADD.
This will create efficiencies and save you time and aggravation. Give it a try.
