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



Online Banking: Updating your register

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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

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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

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Video: Renaming rules and Add Multiple with online banking

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Online banking: Setting up Direct Connect

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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...]

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Video: Introduction to online banking

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Ever wonder what online banking in QuickBooks for Mac can do for you? Using the QuickBooks features for online banking can make your life so much easier. By downloading your transactions directly from your financial institution into QuickBooks, … [Read more...]

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