Reclassify Transactions

Reclassifying transactions helps adjust accounting entries efficiently without modifying each transaction individually. This process saves time and keeps financial records accurate. You can reclassify transactions using two methods: Vendor Transactions or Cash Reconciliation.

Method 1: Reclassifying from Vendor Transactions

To reclassify a transaction from vendor transactions:

1. Go to Accounts Payable > Vendors.

   
2. Select the vendor whose transactions you want to manage.

   
3. Check the boxes for the transactions to be reclassified.

4. Click the Reclassify button.

   
5. Modify the Account or Custom Fields as needed.

6. Click Preview Changes to review how the modifications will affect the selected transactions.

   
7. Choose an action:

   1. Reset: Click this if you need to adjust your selections or settings.

   2. Save Changes: Click to apply the reclassification.

   

   Important Note:

   • This feature applies to specific transaction types like bills, charges, and reimbursements.

   • Journal entries cannot be reclassified due to their complexity.

Method 2: Reclassifying from Cash Reconciliation

To reclassify a transaction from cash reconciliation:

1. Go to the Cash Reconciliation section.

   
2. Open the Matched Transaction Listing.

3. Select the transactions to be reclassified.

   Important Note:

   Just like in the first method, you can select multiple transactions to reclassify at once.

4. Click the Reclassify Button.

   
5. Choose one of the following options:

   1. Reset: Click this if you need to adjust your selections or settings.

   2. Save Changes: Click to apply the reclassification.