Banking Center in QBO

Description

Attention all small business owners and accountants! Are you tired of spending countless hours manually entering data into QuickBooks? Imagine having the ability to connect your bank accounts and credit cards to seamlessly pull in all of your transactions and classify them automatically, saving you time and reducing errors.

Well, you're in luck! Our Royalwise tutorial on QuickBooks Online Banking will teach you how to take advantage of the powerful Banking Feed feature in QuickBooks. You'll learn how to add a bank account, import and match transactions, and categorize expenses.

We’ll explore Rules that assign payee names and categories for you, including splits, classes, and automatically enter routine transactions.

We’ll explore new features including App Transaction integrations with Amazon for Business and Square POS. We’ll even show you 3 ways to attach receipts to every expense.

Plus, you’ll see how to reconcile your accounts at the end of the month, giving you confidence in your reports so you can make informed decisions.

We’ll even check out Alicia’s favorite tips and tricks for customizing the interface so it works the way you want it to.

In addition to all that awesomeness, it’s important to understand that the Banking Feed feature has some interesting quirks that you need to know about. If you use it incorrectly, you risk doubling your income, categorizing expenses incorrectly, and wasting valuable time troubleshooting. Don't make that mistake - take this class and learn how to set it up properly.

By registering for this class, you'll have the knowledge and skills to manage your bills and bank transactions more efficiently, giving you the extra time you deserve to help your customers and grow your business. Don't wait - sign up now and take the first step towards streamlining your financial management process!

Instructional Level

Basic

Field of Study

Accounting

Course Length

2.5 hours

Who should take this class?

Business owners & employees maintaining QuickBooks Online files

Accountants and bookkeepers using QuickBooks Online

After completing this course, you will be able to:

Recognize the process for managing bank connections

Identify the features in the Banking Center

Recall the procedures for using the Banking Feed to categorize transactions correctly

Recognize common banking mistakes

Recall the process for reconciling your bank statements

What You’ll Learn

Connecting your bank accounts and credit cards to your QuickBooks Online

Importing new transactions as they clear the bank

Understanding the artificial intelligence behind the automation

Customizing the banking feed’s Options

Matching and pairing existing transactions as they clear the bank

Categorizing new transactions using the Banking Feed

Using the Banking Feed to create transfers and credit card payments

Using Find Match to locate existing transactions

Creating simple and complex Rules

Using App Transactions to import e-commerce and Amazon transactions

Scanning and uploading receipts

Using Tags to label transactions

Reconciling your register to your bank statements

TAKE THIS COURSE