What action can be taken to change the payment account for expenses in QuickBooks Online?

Utilizing the Reclassify Transactions tool in QuickBooks Online is an effective method for changing the payment account associated with multiple expenses. This tool allows users to select and change the account for various transactions in bulk, which can save time and ensure consistency across financial records.

When you access the Reclassify Transactions tool, you can filter for transactions by account type, select which transactions you want to change, and then choose a new payment account. This is particularly useful when correcting entries after you have recognized an error or when you want to update how transactions are categorized without having to edit each entry individually.

In contrast, the other options either do not directly change the payment account for expenses or involve more manual processes that can increase the chance of errors. For example, using expense filters for budget reporting does not alter the records directly, while editing a draft invoice focuses on invoices rather than expenses. Re-entering transactions manually is tedious and inefficient for making bulk changes and increases the risk of data entry mistakes.