Recategorize a Transaction
Sometimes transactions get categorized incorrectly, whether due to how a merchant name appears or an initial mistake. This recipe walks you through finding and fixing miscategorized transactions so your expense categories accurately reflect your business spending. Keeping your categories correct is essential for accurate tax reporting and understanding your business finances.
1. Find the transaction
Start by locating the specific transaction you need to recategorize. You'll tell Judy which merchant and date to search for so you can pull up the exact transaction from your records.
2. Correct the category
Once you've found the transaction, you'll reassign it to the proper expense category. This ensures the transaction is now grouped with similar business expenses for accurate reporting.
3. Verify the change
After making the correction, it's good practice to confirm the change took effect. Review your recent transactions in that category to make sure the recategorized transaction now appears in the right place.