money in and out on bank feed

I did a small 'test' payment with my bank account with an online system which I was testing. So I had some money come 'in' as a test, and then that same money went 'out' as a test.

What should I categorise these transactions as exactly? It isn't really neither an expense or income....just testing to see if it works

Answer

Hello Lancealanbox, 

Generally, the money we receive through investment should be categorised as income. While those spent on something is expense. 

However, I suggest reaching out to your accountant to record the transactions correctly.

Keep in touch if you have any other questions. I'll be right here to help you.

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IntuitMariaS , Community Support Specialist
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