Question

List the specific steps to follow when wanting to view the transactions pulled from the bank feed that need to be reviewed for a listed company credit card. ( Using QuickBooks online)

Answer 1

How to Set Up Bank Feeds

In just a few steps, you will be ready to download bank or credit card transactions into your QuickBooks file:

1. Verify your financial institution participates. From the menu bar, select Banking, Bank Feeds, Participating Financial Institutions. For participating banks or credit card providers, you must first establish online account access directly with the financial institution. You will need to enter the User ID and password when completing the remaining setup steps in QuickBooks.
2. From the menu bar, select Banking, Set Up Bank Feed for an Account. You can also access the setup from the New or Edit Account window, by selecting the Set Up Bank Feeds button at the bottom of the window. The Find Your Bank window displays, as shown here:

   Most of the popular financial institutions participate.

3. In the Enter Your Bank’s Name field, begin typing the financial institutions name, or select from the list on the right.
4. If the bank or credit card participates, Step 2 in the Bank Feed Setup automatically displays. Type your User ID and Password. If you are having any troubles with the setup, contact information for your bank or credit card provider is listed on each of the setup windows, as shown below:

   This User ID and Password is from your online setup with your financial institution.

5. Next, in Step 3, from the QuickBooks Accounts drop-down select an existing QuickBooks account, or create a new account. This step directs which QuickBooks account you want the Bank Feeds transactions to be downloaded into, as shown here:

   Here you associate your online bank or credit card with an account in QuickBooks.

6. Step 4: Success! message displays in the Bank Feed Setup window. Click Close to complete the setup. You are now ready to manage your bank feeds in QuickBooks.

   Now you can begin using Bank Feeds for this account.