Exclude downloaded transactions

You can exclude a downloaded transaction to keep a personal expense out of your business finances.

If you exclude a transaction, your bank account history won't reconcile because the bank balance and QuickBooks balance won't match. If you don't reconcile your bank statements with QuickBooks, this is fine.

If you do reconcile your bank account histories (or if your accountant makes you), track your personal expenses separately. To do this, add yourself as a supplier and assign the transactions to an owner's equity account (often called an owner's draw).

If you use the exclude process to remove duplicate downloaded transactions, your balances will match and you'll be able to reconcile.

To exclude transactions:

1. On the New Transactions tab, select the checkboxes for the rows you want to exclude.
2. At the top of the list, click Batch actions and select Exclude selected.

The transactions move to the Excluded tab. The transactions aren't tracked or reported as part of your business finances. They won't appear in any associated account histories or reports.

If you change your mind about excluding a transaction, you can always undo it.