How do memorized transactions that are set for automatic entry in QuickBooks Desktop convert to QuickBooks Online?

Memorized transactions in QuickBooks Desktop are designed to facilitate repetitive entries by saving specific transaction details that you can later recall automatically. When these memorized transactions are converted to QuickBooks Online, they transform into either reminders or unscheduled transactions. This reflects the way QuickBooks Online handles recurring transactions, providing users with a prompt to perform the transaction at their discretion.

This functionality is essential as it allows users to transition smoothly from Desktop to Online while maintaining the ability to manage recurring transactions effectively. With reminders, users are alerted to enter transactions when needed, helping to streamline workflow without losing the intent behind the memorization of these transactions.

The other options do not accurately describe how memorized transactions are handled during the conversion process. For instance, converting as pending transactions or as "To do" items in a Task list does not align with the intended function of managing repeat entries—it would not provide the necessary functionality that users expect when dealing with recurring transactions. Similarly, labeling them as affecting Opening Balance Equity does not reflect the nature of transaction types typically associated with memorized entries. Instead, these transactions need to be predictable facilitates future planning without unnecessarily complicating users’ accounts.