QuickBooks Online Banking Overview




This article provides you with a quick review of QuickBooks Online Banking. Why do people want to link their bank and credit card accounts to QuickBooks?

Adding your bank and credit card accounts to QuickBooks saves your time and efforts by deleting manual data entry. It ensures that your books are up to date and make your account easier.

Related article: QuickBooks Online Banking Error 106, 168 or 324

Online Banking in QuickBooks

QuickBooks can easily and quickly connect with all your bank accounts online so it can download all transactions in a couple of minutes. QB Online Banking is the connection of QuickBooks with your bank and credit cards that keep you up-to-date and eliminates data entry which saves time and physical efforts both. It makes all your banking process easy and effortless. You can easily see and handle all your transactions of the bank and always have to access the most updated transactions for your businesses help. You need to categorize your transactions so that QuickBooks can start doing the work for you.

If you want more information about this you can contact our QuickBooks Online Support team. Here you find full detail about QB Online Banking.

Now, let’s start to connect with QuickBooks make our business process online with following easy and simple steps:

Connect Online Bank Account

Go to QuickBooks Homepage, click on Connect an Account under Bank Accounts.

QuickBooks Online Banking Overview

Choose Your Bank

Now, select your bank which is currently working.

QuickBooks Online Banking Overview

Sign in to Your Account

Enter the sign-in information to access your bank accounts with QuickBooks:

  • Enter your username and password.
  • Click on Sign In.
QuickBooks Online Banking Overview

Choose Your Account

After a few minutes, QuickBooks will get connected with your bank.

  • Now, you can see all of the accounts you have at this bank.
  • Choose the account you want to use for your business.
  • select the options what kind of accounts they are.
  • QuickBooks will automatically download all of the transactions from the last 90 days. But these transactions aren’t in QuickBooks yet. You may also download the transactions of a shorter period or less than 90 days.
QuickBooks Online Banking Overview
Enter Transactions

The first time QuickBooks downloads your transactions, you can review and categorize your expenses.

Go to the Bank and Credit Cards page, click on the Category or Match column to sort the transactions.

You will see where QuickBooks tried to find categories for some transactions.

QuickBooks Online Banking Overview
Change Category of Transaction
  • Click on the first transaction in the list to open it.
  • Open the transaction menu and select the right one to put this transaction in a different category.
QuickBooks Online Banking Overview

Choose a Payee

Click on the Add tab to save the transaction.

QuickBooks Online Banking Overview

See What You Have Made and Spend

You can also see a summary of how your business is doing right on your dashboard.

QuickBooks Online Banking Overview
Run Reports

You can run your Profit and Loss report. Reports give you more information about how your expenses are categorized and where you’re spending the majority of your business’ money.

QuickBooks Online Banking Overview

Split

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

QuickBooks Online Banking Overview

These are the basic things you need to know for QuickBooks online banking in your business. Hope this will be helpful for you. If you have any query and problem related to QuickBooks, you can get in touch with our well qualified and experienced accounting experts.Get connected with them by dialing QuickBooks Tech Support Number 1+1-855-441-4417.

Streamline your processes

Online banking is an incredible tool inside QuickBooks. It helps save you time and manage your accounts much more quickly and effectively. Why not try it a shot for yourself? Watch our video instructional exercises to learn more, or play around in our online Sample Company.

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