Banking Center in QBO
This QuickBooks Online Banking tutorial shows how to add bank accounts, import transactions, categorize expenses, attach
Description
Attention all small business owners and accountants! Are you tired of spending countless hours manually entering data into QuickBooks? Imagine having the ability to connect your bank accounts and credit cards to seamlessly pull in all of your transactions and classify them automatically, saving you time and reducing errors.
Well, you're in luck! Our Royalwise tutorial on QuickBooks Online Banking will teach you how to take advantage of the powerful Banking Feed feature in QuickBooks. You'll learn how to add a bank account, import and match transactions, and categorize expenses.
We’ll explore Rules that assign payee names and categories for you, including splits, classes, and automatically enter routine transactions.
We’ll explore new features including App Transaction integrations with Amazon for Business and Square POS. We’ll even show you 3 ways to attach receipts to every expense.
Plus, you’ll see how to reconcile your accounts at the end of the month, giving you confidence in your reports so you can make informed decisions.
We’ll even check out Alicia’s favorite tips and tricks for customizing the interface so it works the way you want it to.
In addition to all that awesomeness, it’s important to understand that the Banking Feed feature has some interesting quirks that you need to know about. If you use it incorrectly, you risk doubling your income, categorizing expenses incorrectly, and wasting valuable time troubleshooting. Don't make that mistake - take this class and learn how to set it up properly.
By registering for this class, you'll have the knowledge and skills to manage your bills and bank transactions more efficiently, giving you the extra time you deserve to help your customers and grow your business. Don't wait - sign up now and take the first step towards streamlining your financial management process!
Instructional Level
Basic
Field of Study
Accounting
Course Length
2.5 hours
Who should take this class?
Business owners & employees maintaining QuickBooks Online files
Accountants and bookkeepers using QuickBooks Online
After completing this course, you will be able to:
Recognize the process for managing bank connections
Identify the features in the Banking Center
Recall the procedures for using the Banking Feed to categorize transactions correctly
Recognize common banking mistakes
Recall the process for reconciling your bank statements
What You’ll Learn
Connecting your bank accounts and credit cards to your QuickBooks Online
Importing new transactions as they clear the bank
Understanding the artificial intelligence behind the automation
Customizing the banking feed’s Options
Matching and pairing existing transactions as they clear the bank
Categorizing new transactions using the Banking Feed
Using the Banking Feed to create transfers and credit card payments
Using Find Match to locate existing transactions
Creating simple and complex Rules
Using App Transactions to import e-commerce and Amazon transactions
Scanning and uploading receipts
Using Tags to label transactions
Reconciling your register to your bank statements
What You Will Learn!
- How to connect your bank accounts to your QuickBooks®
- How to import new transactions as they clear the bank
- How to import previous transaction history
- How to classify transactions through the Bank Feed to save time on manual data entry
- Which transactions you should NOT import automatically
- Workarounds for bank feed issues
- Why you should reconcile even if you’re importing
- How to reconcile your bank account transactions with your monthly bank statement
- Tips and tricks wile reconciling that will save time and frustration
Who Should Attend!
- Business owners and employees who maintain their company’s financial records
- Bookkeepers and Accountants who wish to brush up on their skills.