The business accounting software, entitled QuickBooks, can import the company file into the accounts, whether on the computer or the Mac system. Now, most of the banks are offering a way to transfer statements and posted financial dealings in the .QBO file directly. The QuickBooks online bank account file will display a list of deposit transactions and downloaded payment, such as the dates, debit card payments and the payees of checks. Updating the QB bank register is an easy way of importing the missing transactions to the record, comparing the transferred operations to what you have documented.
Note: – You can call the professionals through QuickBooks customer service phone number if you want to import the bank statements and transactions in QuickBooks without any hassles.
Learn How to Transfer a Bank Statement to QuickBooks
Step 1 – Click the ‘Banking’ menu item in QuickBooks when you’re online, and then check if the financial institution is listed in the drop-down list that displays. You can also directly access your bank’s website if it contains an export feature that saves as the .QBO file.
Step 2 – Download the back transactions, typically over a fixed period of dates. Now, access the company file in QuickBooks. Choose the ‘Import’ option under the ‘File’ menu, and then select the ‘From Web Connect’ option in the new screen. Find the file and click the ‘Open’ button. A window appears displaying the downloaded transactions.
Step 3 – Select the account from the drop-down list that counterparts the register you’re using, probably checking. In the download transaction screen, the list displays items that match the entries you have documented in the record and even those deals that can’t match up with any of the current entries in the register.
Step 4 – Ensure that a transaction that doesn’t match automatically is not a replica. Dates might be different for the check when it writes and clears the bank. Also, test for errors in the manual entries you recorded in the register. To find duplicates in the downloaded entries, choose the entry and click the ‘Match’ option to match the transaction manually. If it doesn’t work, click the ‘Delete’ button. To find the downloaded entries those are not duplicates, choose the entry and click the ‘Add One to Register’ button. The entry is recorded in your register, and the downloaded entry is now listed as matched.
Step 5 – Edit the transaction as required in the checking register to assign it to a particular income or expense account, and to match the customers’ or vendors’ names with what you have recorded in the company file.
Step 6 – Repeat the same process until only matching transactions remain in the downloaded transaction dialog window. See the balance to make sure if it equals to the bank balance apart from outstanding deals. Once your register set of scales, you can close the download window.
However, if none of the above-listed steps worked to import the bank statement into QuickBooks company file directly and you still want to import your statements and posted transactions, you can seek for other solutions. The QuickBooks customer support number enables you to immediately get in touch with the professionals who will guide you step-by-step to import the bank statement in QuickBooks.