Connect bank Accounts to QuickBooks and manage your transactions. QB gives a quick response when you work on added transactions with QuickBooks. You can keep your business reports up to date and invest your valuable time in a better place.

Here we are going to learn about how to connect bank accounts to QuickBooks. We are providing some simple steps that will help you to connect your account with QuickBooks. By connecting your account with QuickBooks you can just eliminate tons of data entry and dependency of data use.

You can get more knowledge about QuickBooks online. After connecting your account, you will surprise about its working and other related and beneficial features. Now, let’s Start the steps and enhance your business Books. You can also connect your bank account to QuickBooks via direct Feed.

If you are getting any problem to follow the steps or any trouble in understanding the steps. you can contact our QuickBooks Technical Support team +1-855-441-4417, they will provide you quick solution.

Steps to Add a Bank Account in QuickBooks Online

There are two ways to connect a new bank account in QuickBooks Online.

Method 1: Direct Feed Connection

It is commonly used for a bank account that you know has a bank feed available and is set up for bank feed access.

Open QuickBooks Online and go to the Banking tab and choose the ‘Add Account’ option.

Now on your screen ‘Direct Feed’ page opens up, here you just need to type the name of your bank and need to follow all the on-screen instructions.

METHOD 2: Manually Add a Bank Account

if there is no bank feed available then this is a great option for you or you can choose this option if you require to connect the bank feed later.

First, look for the Accounting tab in QuickBooks Online, later choose to ‘New’, when the Chart of Accounts loads.

Now under the Accounts option, choose Bank.

Under detail type, choose Checking.

In the name column, insert your custom bank name. If you want, not necessary, you can also add a summary in the description field.

Under the currency, select your currency.

Balance column shows the opening balance section

When you are done with entering all the account details, Go to ‘Save and Close’ option and click on it.

If you want to connect a bank account via direct bank feed to a new account, go to the drop-down arrow next to ‘View Register’ and then choose ‘Connect Bank’. See in below picture.

Steps To Connect Bank Accounts to QuickBooks Desktop

Go to your main page. Click “Connect an account“Under Bank Accounts,

Choose your bank

Now choose your Bank

Sign In Your Account

Fill all details related to login such as the username and password you use to access your accounts. Click Sign In when you are finished. Hang tight. It may take up to a couple of minutes for your bank’s computers to talk to QuickBooks.

Choose your account

Now you will see all the accounts you have at this bank. Choose the account you want to use for your business. QuickBooks connects to your account and downloads all the transactions for the last ninety days.

you can change the range if you need to download all the transactions less than 90 or more than 90 days.

Entering Transactions

You can sort your transaction by clicking on Category or Match column. You don’t have to deal with them all at once. Here’s the thing these transactions are real. Let’s get started putting transactions into QuickBooks first category or to sort the transaction. You’ll see we’re QuickBooks try to find categories for some transactions click the name of the first transaction to open it.

You’ve got some choices to make if you agree with the category QuickBooks gave this transaction lead it to put this transaction in a different category.

Changing the category

open the first transaction in the list, to categorize this transaction in the different categories.

Click Add to save the transaction

See What You’re Making and Spending

You can observe your spending by seeing the summary on your dashboards

Run Reports

You can get more detail about how your expenses are categorized and where you’re spending the majority of your business’ money.

You can even see your expenses as a percentage of your income.

Choose a Payee

Open the menu and choose the right category Next choose the payee the person you paid for this transaction is this transaction books you’ve never entered it as an expense or a check or anything else then click add done with this transaction.

Transfer

Did you pay a business credit card bill or make a loan payment with this transaction? in that case, choose transfer to choose the account you paid this money to and click transfer.

Split

What if you spent money but you bought stuff for more than one category like a purchase at an office supply store that included a new laptop printer paper and toner.

In this case. Click split then Choose the appropriate categories and how much you spent as per your need.

Batch Action

Categorized a bunch of transactions and you agree with its categorization click one checkbox down the Shift key the final one in the list that you want to choose. Open batch actions and choose except they’re all done.

Correcting a Mistake

What if you made a mistake and categorized a transaction? no problem, in the QuickBooks tab choose the transaction and undo it. It goes back to the new transaction. So you can put it where it belongs.

Hope, the article would have helped you to connect bank accounts to QuickBooks. if you have any related issues then you are free to contact us. you can also read our other useful article to learn more: Dial our QuickBooks payroll support phone number +1-855-441-4417 to get support and customer service.

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