Online Banking Overview

Online Banking

To apply for online banking, choose Banking > Set Up Online Financial Services > Apply for Online Banking.  To see if a desired bank is able to interface with QuickBooks choose Banking > Set Up Online Financial Services > Online Financial Institutions List.

Once online banking has been set up, it is also possible to send messages to the financial institution.

QBRA-2003: Banking > Create Online Banking Message

Once all the information has been entered for the message, the only remaining step is to transmit it.  That is done from the online banking center.   This center is also designed to download bank activity for checking or savings accounts. 

Once the items have been transmitted to and received from the financial institution, they can then be viewed.  One of the most useful features for small businesses managing their cash flow is the QuickStatements. An example is shown below.  Based on the QuickStatement received from the financial institution, QuickBooks matches the checks and deposits that are already in QuickBooks.  The unmatched transaction can be added to the register by first single clicking on it, then choose add to register.  A pop up box will appear to permit entering the missing transaction as a check, a bill payment, or adding it to the register.  The basic information such as check number and amount are entered from the QuickStatement, but the general ledger account code, or bills to be paid, will need to be done by the QuickBooks user.  When the transaction is recorded, it will show as matched on the screen.

QBRA-2003: Banking > Online Banking Center > View

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Miscellaneous Transactions