Quickbooks Online Download Bank Transactions

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One of the features of QuickBooks is the ability to download banking transactions from your bank's website. With this feature, you can download all your banking transactions into QuickBooks. Many banks offer this feature for their small-business account holders. Chase Bank allows downloads for both Quicken and QuickBooks software. The difficulty in using any particular bank for these downloads comes with the many mergers that seem to happen almost every year. In 2009, Washington Mutual Bank was purchased by Chase Bank, and this change caused WAMU customers to have to reconfigure their online-banking settings.

Open the QuickBooks company file. Click on the 'Banking' option located in the top menu bar of the home screen. When the menu opens, choose the 'Online Banking,' and then the 'Set Up Account for Online Services.' Click the 'Select your QuickBooks Account.' It is here that you will assign your business checking account to the online Chase Download. Click on 'Next.'

Use PC banking for a convenient way to access account information, from Huntington and Quicken. With Quicken ® or QuickBooks. Question: Can I maintain a register and track uncleared transactions with PC Banking? Answer: Yes, PC Banking allows you to not only watch all cleared transactions, but also allows you to enter transactions such. How to Download & Import Chase Banking Transactions into QuickBooks. One of the features of QuickBooks is the ability to download banking transactions from your bank's website. With this feature, you can download all your banking transactions into QuickBooks. Many banks offer this feature for their small-business account holders. Use your Quicken or QuickBooks small business accounting software to download your account information, transfer money, pay bills, and contact customer service—all in one convenient location. Be sure to read the terms and conditions and pricing information for using online banking with Quicken or QuickBooks. As an Online Banking customer, you can use Web Connect to download your banking transactions into basic software or QuickBooks ® and manage your finances offline. Adding the Account Management service allows you to perform all your Online Banking tasks—including payments and transfers—directly in QuickBooks ®.

If you were an account holder from a bank that has been purchased by Chase Bank, and you begin having problems with online-transaction downloads, it is here that you will change from the name of the former bank to Chase Bank.

Choose the 'Direct Connection' option, and then click on 'Next.' In this window, choose the 'Yes, my account has been activated for QuickBooks online services,' and click on 'Next.' If your account has not been activated, choose the 'Activate Account' option, and follow the prompts to complete this process.

Enter the customer ID, password and then confirm the password you use to access your online account at Chase. Now click on 'Sign in.' The QuickBooks software will connect to Chase's server and begin downloading the bank data. Click on 'Finish' when the download is complete. Your Chase Bank account is now activated and ready for downloading to begin.

Choose which mode you prefer for downloading your banking transactions. The 'Side-by-Side' mode is a window that has current QuickBooks account balances on the left side of the screen and your online banking account balances on the right. Choose the 'Download Online Accounts' option, and click on 'Receive Transactions.'

The 'Register Mode' displays the registers in both QuickBooks and the Chase Bank account. As the transactions are downloaded, you can see the register in the Chase account transferring information to the QuickBooks register. Which mode you use is unimportant, and you can change modes at any time.

These transactions are imported automatically into the QuickBooks company file, so no further steps are necessary after downloading them.

Choose which method to use to enter transactions. If you are downloading the Chase bank transactions on a regular basis, do not enter any transactions manually. If you download and enter transactions manually, you will duplicate deposits and expenses and will have to delete all duplicated transactions in your QuickBooks software.

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Quickbooks Online Download Bank Transactions 2016

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  • Course details

    Get up and running with QuickBooks Online so you can manage business finances in the cloud, anywhere you go. Bonnie Biafore shows business managers who are new to QuickBooks—and QuickBooks veterans making the leap to the online edition—how to pay bills on time, collect the money earned, and run reports to see how your company is performing. Plus, discover how to set up customers, vendors, products, and services; record transactions; reconcile bank statements; and pay sales tax.
    LinkedIn Learning (Lynda.com) is a PMI Registered Education Provider. This course qualifies for professional development units (PDUs). To view the activity and PDU details for this course, click here.
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  • Course Transcript

    - Once your bank account is connected to QuickBooks Online, the program takes care of downloading transactions, and even matches many of them for you. All you have to do is match or add the ones it didn't handle. From the dashboard, I'm going to head over to my bank's account's box, and I'm going to click the credit card account. When I see the credit card account, you can see that in the For Review tab, I've got transactions that have been downloaded from my credit card. And if I scroll down in the list, you can see that some of the text shows up in green. If you happen to look above the table, there is a label recognized, and it's in green. In parentheses, it says five. So, it means that it was able to recognize five of the downloaded transactions, and automatically put a category or a count against it. Now remember, these transactions are still on the For Review tab. So that means you can go in and you can change any of those values if QuickBooks Online didn't recognize it…

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