Which of the following does not apply when categorizing transactions in QuickBooks Online?

When categorizing transactions in QuickBooks Online, it is essential to understand that transactions are typically categorized automatically by the system based on prior categorizations and rules set within the software. This automatic categorization streamlines the accounting process and reduces the amount of manual input required from users.

While users do have the option to review and adjust these categories manually if they wish, the assertion that transactions are only categorized upon user review suggests that no automatic process occurs beforehand. In reality, the system applies its algorithms and learned data to categorize transactions efficiently, which can make managing and tracking finances much more straightforward.

The other assertions are valid practices within QuickBooks Online. Users can assign payments manually, the system categorizes transactions based on established rules, and category names must match for the automatic matching feature to function effectively. These integrated features help maintain accuracy and consistency in the categorization of financial data.