
Journal Entries Have Unintended Consequences (Wheel of Rants)
Alicia tackles a major issue she's encountered while training CPAs: the outdated practice of using journal entries to fix miscategorized transactions instead of properly reclassifying them. She explains why this traditional approach fails in the modern QuickBooks environment, where AI learns from past categorizations and business owners need accurate data throughout the year, not just at year-end. The episode focuses on the powerful Reclassify Transactions tool and how it can save time while ensuring data accuracy across all reporting periods.
Resources
Sponsors
- (00:00) - Introduction and Wheel of Rants
- (00:31) - The Reclassify Tool: A Modern Approach
- (04:17) - Creating Rules for Accurate Categorization
- (07:34) - Using the Reclassify Transactions Tool
- (14:34) - Conclusion and Final Thoughts
Resources
LinkedIn Group: https://www.linkedin.com/groups/14630719/
YouTube Channel: https://www.youtube.com/@UnofficialQuickBooksPodcast
Links from Episode
Use this link to access Reclassify from any QBO file, even if you don’t have the QBOA briefcase: qbo.intuit.com/app/reclassify-transaction
BDO Alliance: https://www.bdo.com/about/bdo-alliance-usa
Alicia’s QBO Hands-on Training: http://royl.ws/QBO-complete?affiliate=5393907
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Sign up to Earmark to earn free CPE for listening to this podcast
https://www.earmark.app/onboarding
Creators and Guests

Host
Alicia Katz Pollock, MAT
Alicia Katz Pollock, MAT is the CEO at Royalwise Solutions, Inc.. As a Top 50 Women in Accounting, Top 10 ProAdvisor, and member of the Intuit Trainer/Writer Network, Alicia is a popular speaker at QuickBooks Connect and Scaling New Heights. She has a Master of Arts in Teaching, with several QuickBooks books on Amazon. Her Royalwise OWLS (On-Demand Web-based Learning Solutions) at learn.royalwise.com is a NASBA CPE-approved QBO and Apple training portal for accounting firms, bookkeepers, and business owners.