QuickBooks is one of the most common financial software used by accounting professionals. If in case, you also make use of QuickBooks for managing your business-related financial transactions, you can use a great feature offered by QuickBooks that allows you to download bank transactions into QuickBooks.
Your QuickBooks accounting software has the functionality to connect to your financial institution or bank account through WebConnect or through DirectConnect. If you want to use WebConnect to connect with your financial institution or bank, you will need a web browser such as Internet Explorer or Google Chrome.
If you want to use DirectConnect to connect with your financial institution or bank, you do not need a browser. DirectConnect can download the required data without requiring a web browser. If in case you want to use DirectConnect, you should get in touch with your financial institution or bank as some of them charge a fee for allowing you to download bank transactions into QuickBooks.
In case you encounter errors or you find difficulty in understanding any process, you can speak with the QuickBooks Experts at Accountant Squad to help & guide you better.
Given below are a few things to keep in mind, before downloading transactions:
Before using DirectConnect, take into consideration the following points –
To download bank transactions into QuickBooks through DirectConnect, follow the steps given below –
Step 1: Visit the Banking menu, then click on Bank Feeds > Banking Center.
Step 2: From the Bank Accounts list, click on the account you want to connect.
Step 3: (Optional) In the Send items to your bank section, you can edit or delete items by clicking the drop-down.
Step 4: Choose Download Transactions if you are ready to send and get transactions.
Note: If you have previously downloaded transactions and have not processed them, the button label reads Transaction List.
Step 5: Tap on Synchronize, then press Sync this account (if you want to connect a specific account) or Sync all for this Bank (if you want to connect all accounts for the same bank) to update all incoming and outgoing transactions.
Step 6: In the Access to [FI name] dialog box that appears, type your PIN or password.
Step 7: Tap on OK.
Some banks offer the choice of selecting a (from/to) date range of transactions for download. In case your bank does not supply such an option, then you need to get the maximum number of transactions authorized by your financial institution the first time you download. This may be 30, 60, 90 days, or more.
Every website is different so if you are not sure if you know how to run the QuickBooks WebConnect file (.QBO) from your bank, visit the bank’s website and type “QuickBooks” in the search field. Most participating financial institutions will supply detailed instructions. If none are found, contact your bank for assistance.
There are two methods to download bank transactions into QuickBooks through WebConnect:
If you looking for how to download bank transactions into QuickBooks, or are facing any issue in downloading bank transactions, you can call us at our QuickBooks Desktop Support Number 1-888-502-0363 to get expert technical assistance. Our QuickBooks support professionals are highly experienced and have a lot of expertise in fixing all types of issues and errors occurring in QuickBooks.