Online banking

If you use online banking for your business, you can use QuickBooks to access your banking transactions. You can import bank and credit card transactions from your financial institution’s website and then add or match the imported transactions to transactions in your QuickBooks bank or credit card account register.

Overview of what online banking with QuickBooks can do for you

Find out more…
WebConnect vs. DirectConnect
Setting up Direct Connect
Using Web Connect
Updating your register

Depending on your financial institution, you can access your online banking account either of the following services:

  • DirectConnect (automatic)—QuickBooks connects directly with your online account using your financial institution’s server. Your transactions are downloaded directly into QuickBooks. Your financial institution may apply a fee for this service.
  • WebConnect (manual)—You log into your financial institution’s website and manually download a QuickBooks–compatible file to your computer. Then you import the downloaded file into QuickBooks.Which service you use depends on what your bank offers. QuickBooks guides your through the connection to your online bank account and lets you know what service is available for your account.

Why use online banking with Quickbooks?

  • Save time. You no longer need to manually enter transactions recorded by your bank.
  • Reduce errors.By importing the transactions instead of entering them manually, you reduce the chance of errors. Also, QuickBooks compares the bank transactions to the ones in your company file and alerts you to discrepancies.

Types of Accounts

You can import transactions from the following types of accounts:

  • Checking
  • Savings
  • Money market
  • Credit card
  • Line of credit

Most recent articles



Video: Invoice e-Payments in QuickBooks Desktop Mac 2020

In QuickBooks 2020, you can send your customers smart invoices with online payment options. Learn more in the following video: https://www.youtube.com/watch?v=5ZgpvOf2d9o Video Script Customers can now pay their invoices with a … [Read more...]

Help! What does “access…will expire” mean?

Have you ever seen a message that says something like "Access to your Online Banking, Support, and other Services in QuickBooks Desktop for Mac will expire …."?   Not to worry, that’s just Intuit’s way of letting you know that the … [Read more...]

Online Banking: Updating your register

When you use online banking, you either import or download transactions from your financial institution. Some of those transactions may already be in QuickBooks, but some may not be. Updating your register means: You add any transaction from your … [Read more...]

Online banking: Renaming rules for payee names

When you download or import transactions, the names of payees in your downloaded transactions may not match the names of payees in QuickBooks. That means you need to go through and match each one with a payee in QuickBooks and that can burn a lot of … [Read more...]

Online banking: Using Web Connect

Using Web Connect, you can manually import transactions from your online banking account. First you need to download a transaction file (.qbo) from your financial institution's website. Then you import that file into QuickBooks. To use Web Connect, … [Read more...]

Online banking: Tips and troubleshooting

Here are some tips to help you fix the most common problems with online banking in QuickBooks. Setting up online banking What do I do if my financial institution is not listed?If you don't see your financial institution name when setting up … [Read more...]

Video: Renaming rules and Add Multiple with online banking

If you've ever checked a bank statement or downloaded transactions into QuickBooks, you've probably noticed transactions with extra numbers and letters. Some are dates, others are transaction numbers to give a couple of examples. Sorting through this … [Read more...]

Online banking: Setting up Direct Connect

Direct Connect is awesome. Once you set it up, you can just automatically download your bank transaction into QuickBooks. Two important things you need to know before you start Not all financial institutions support Direct Connect for QuickBooks … [Read more...]

QuickBooks checklist: Periodic tasks that make your life easier

You know how if you don't keep up with the housework, things getting out of control and pretty soon you're spending all weekend doing 500 loads of laundry? You may be thinking, "If I'd just taken a few minutes to do the little things, I wouldn't be … [Read more...]

You can also post your own question to the QuickBooks for Mac community.