QuickBooks Online 2016 Tutorial: Bank Feeds & Downloaded Transactions in QBO

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Recorded 09/25/2015, After seeing a plethora of advances in QuickBooks Online’s Bank Rules, I feel it was time to make a video to speak about its awesomeness!

Thank you Intuit for helping me fight the war against data entry with QuickBooks Online / Bank Feeds! and making me more efficient as an accountant to concentrate in doing what I love: Consulting with my clients on how to make the businesses better, so they can have a better life for themselves and their families.

Hector Garcia,CPA
hector@garciacpa.com
www.quickbooks-training.net

Comments

dsmall06 says:

Hello, I'm not using Quickbooks Online, how do I do this using Quickbooks 2015 Premire?

Kimberly Dawson says:

Great information. How do you permanently change the font to where you can see it and it doesn't cover up tabs you need to click on to move forward with the task?

Veronica Cardell says:

awesome video thanks

Carlos Marte says:

Awesome Hector!Your videos are much appreciated. The best!

Jr Hero says:

Thank you, that video was great, the split option was not mentioned but with the info you provided was great!!

Paul Burns says:

Hector: Good video I appreciate it. One thing I don't like about the auto import is that while it gets the entries into QBO fast, I lose control over ensuring that I have the paper documentation (or scanned bills etc) in place to support the entry. Any thoughts on this and how you manage this? Thanks

Sanat Rao says:

Hector, this is brilliant and invaluable. many thanks

Beverley Hough says:

Great video, thanks

YIOLANDA GIANNIKOULIS says:

awesome video! Thank you for helping us & keep up making more!

Fgmimiva says:

very informative!

Sue Wu says:

Great video! very helpful! Thank you to share.

Rod Eddins CPA says:

Wow! That was awesome!

STEPHANIE BAUTISTA says:

Thank you Hector. video was very helpful.Can you please explain the exclude and modify features.

John Miller says:

THANK YOU SO MUCH HECTOR. THIS HELPED ME VERY MUCH. I DO NEED TO KNOW HOW TO UNDO A DOWNLOAD. I DOWNLOADED A SAVINGS ACCOUNT THAT ALREADY HAD BEEN DOWNLOADED. IT CAUSED IT TO DOUBLE UP. WHEN WILL YOU HAVE AN UNDO VIDEO? KAREN7086@GMAIL.COM

idette Rodriguez says:

HI Hector,
I am interested in watching what to do after I match something. Also, how do I categorized transfer when I pay my Credit card from my Bank account? It shows up as transfer from uncategorized transfer….. it then makes it look like a double expense..

Eric Manes says:

Thanks very much for this video Hector, it was super helpful. You are a very clear communicator and easy to learn from. Man, you mentioned that you might do a video on categorizing and matching the banking feeds with open invoices, etc. Have you done that one yet? I would really love to see it. Thanks again

TheLincolnBlogs says:

Hi. New to QB Online. I connected my bank for the first time. It brought over 60 days of stuff, even though I chose less time from the options within QB. Needless to say, like in your video, it all came over as ADD, once it was in the downloaded transactions (because we just acquired QB online Jan,1 2016 so had no QB Bank Balance).

When I pulled them over, it gave me a QB bank balance. But, whether I matched (by entering invoices I had) or added, it was changing the QB bank balance (not the balance of my BMO bank). Why does it do this? Now my QB balance does not match my bank balance, which it should…

Thanks! Do you have a video on that?

Elgin Angway says:

Thank you for sharing this video. so informative for me, a beginner. thanks much!

crownprints67 says:

Thank you. I kept going to Qb Online but it wasn't really on line.. It was the online banking option.

crownprints67 says:

Great video man. I'm using qb 2015 for mac but my transactions screen differs from yours. I was hoping you could tell me which version you were using.. Subscribing Now

Mayb Tmrw says:

Great Video on the transactions end of QBO! I've been learning this software as a small business owner over the past year and absolutely love it, though I am still struggling with something you almost touched on.. A lot of my bank charges are being described as "Visa" although I have created multiple rules for *if bank description includes "Seamless" than…" it doesn't seem to matter. All Visa charges are being automatically labeled to the same Payee :/ any suggestions or link on this subject? Thanks again for the clear informal video.

Leah Schmiedeke says:

What a time saver! Thanks so much!

Jean Russom says:

good video picked up several new good tips

Michael Peever says:

Hector, thank you so much for this AMAZING video! I just got my first QBO client who has 182 bank feed transactions from January 2015 to the end of September 2015. I did the first month (January) one transaction at a time . . . But now, because of this video, I'll create bank rules and post those transactions accurately and in batches! Thanks again for this video!

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