This topic contains 0 replies, has 1 voice, and was last updated by Crystalynn Shelton 8 months, 3 weeks ago.
Crystalynn Shelton 8 months, 3 weeks ago
This was a question that came directly to my email. I thought it might be helpful to post here for other readers.
Question: I was reviewing your products and I thought there was on that, if my bank gave access, it could extract all my entries from my account and set up my books. Does such a product exist and if so, if my bank does not allow access, is there a format that I can save my info in and have the quickbooks extract from, say, a memory stick? If so, please forward details of product including cost.
Answer: You can download your banking transactions from your bank account into QuickBooks. Most banks will only allow you to download the last 90 days. If you have more than 90 days of info that you need to download into QuickBooks just log into your bank account and download the transactions that you want to import in a .csv (Excel format). Once you do this, watch the following video tutorial for step by step instructions on how to import the info into QuickBooks. Once you have imported the data, you will have to categorize each transaction into the appropriate income and expense categories. I have included the a link to another video tutorial that walks you through how to do the categorization.
Video Tutorial on how to download/import banking transactions:https://fitsmallbusiness.com/enter-banking-transactions-quickbooks-online/.
Video Tutorial on how to manage downloaded banking transactions:https://fitsmallbusiness.com/quickbooks-bank-feeds/
All the Best-
Crystalynn Shelton,CPA0 Replies
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