How do you change a transaction from an expense to deposit because it is rental income coming in?

There's no direct way to change a transaction from an expense to a deposit, manager39. However, I know some workarounds that will help you achieve your goal.

Before anything else, may I know if this is a downloaded transaction or manually entered? Any additional information you can provide will help us give you an answer tailored to your needs.

If the transaction was downloaded as an expense transaction, you'll need to exclude it from the Bank Transactions tab, then manually record it as a deposit.

Here's how:

1. Log in to your QBO account.
2. Go to the Accounting menu and select Bank transactions.
3. Find the specific transactions and click to Exclude.
   
   

After that, record it as a Bank deposit.

1. In the top right corner, click the + New button.
2. Select Bank deposit.
   
   
3. Choose the specific account where the rental payment was deposited.
4. Fill in the necessary fields.
   
5. Once done, click Save and close.
   
   

However, if you manually record the expense transaction, you can delete it and recreate it as a deposit.

Here's how to delete:

1. Go to the Expense & Bills menu and choose Expense transactions.
   
   
2. Find the incorrectly expense transaction and click it to open.
3. Select More and then choose Delete.
   
   

To recreate a bank deposit, please follow the steps outlined above.

You can always ask for help in the forum if you need anything else.