QuickBooks Online (QBO) Bookkeeping With Bank Feeds 2022

QuickBooks Online (QBO) Bookkeeping With Bank Feeds 2022

QuickBooks Online (QBO) Bookkeeping With Bank Feeds 2022

Learn how to use bank feeds with QuickBooks Online QBO from a Certified Public Accountant CPA

Language: english

Note: 4.6/5 (53 notes) 18,806 students

Instructor(s): Robert (Bob) Steele

Last update: 2022-04-20

What you’ll learn

  • How to access QuickBooks Online using a Free – Day trial period often offered by Intuit, owners of QuickBooks Online
  • How to setup a company file
  • How to link bank and credit card accounts for automatic bank feed data
  • How to download bank data from your financial institution and upload it to QuickBooks Online
  • How to create financial report data from the bank feed information
  • How to create and use bank rules

 

Requirements

  • None

 

Description

This course is a project based course that will dive into bank feeds in detail using a step by step process.

We will start by setting up a free 30 day trial QuickBooks Online QBO file for the practice problem. Intuit, the owner of QuickBooks Online QBO, often offers a free 30 day trial period, a great tool for practice.

The course will demonstrate how to link QuickBooks Online QBO to the bank to receive bank data directly from the bank. We will also discuss the situations when you may want to download banking data from the bank and upload it to QuickBooks Online QBO.

Learners will follow along as we import bank data into the accounting software where it will be held in, what we call, Bank Feed Limbo, waiting for us to provide the added information necessary to use the data to create financial statements.

Learners will see how to add the bank data to the financial data in a step by step process, observing the creation of the balance sheet and profit and loss with each addition.

We will also discuss how to use bank rules to automate the process, benefiting future periods. As we enter data we will discuss best practices to make the data input as fast as possible and keep the financial statements as clean and readable as possible.

 

Who this course is for

  • Business owners
  • Accountants
  • Students

 

Course content

  • Introduction 2022
    • 305 Setup 30-Day Free Trial to Add Bank Feeds
    • 308 Delete General Ledger Account or Make Inactive
    • 315 How do Bank Feeds Fit Into Your Accounting System
    • 320 Setting up Bank Feeds
  • Bank Data – Download and Import Into QuickBooks
    • 360 Download Bank Feed Transactions From Bank
    • 364 Import Bank Transactions
    • 365 Bank Feed Center Navigation
  • Add Bank Feed Transactions For Cash Decreases
    • 370 Add Normal Expenses To Books From Bank Feed Limbo and Make Rules
    • 375 Enter Transaction Purchasing Equipment Using Bank Feeds
    • 380 Enter Transaction Purchas of Inventory Using Bank Feeds Overview
    • 382 Purchase of Inventory Using Bank Feeds Period Method and Cash Method
    • 383 Purchas of Inventory Using Bank Feeds Periodic vs Perpetual System
    • 385 Enter Transaction Purchasing Investments Using Bank Feeds
    • 390 Enter Transaction For Owner Withdrawal or Personal Payment Using Bank Feeds
  • Add Bank Feed Transactions For Cash Decreases
    • 395 Bank Feed Deposit Entered as Income for Cash-Basis Business
    • 396 Income From Bank Feeds and Income Categories
    • 400 Enter Transaction for Owner Deposit or Loan Deposit Using Bank Feeds
  • Payroll and Sales Tax Transactions
    • 403 Payroll Transaction Using Bank Feeds
    • 405 Sales Tax and Bank Feeds
  • Matching Bank Feed Deposits to Invoice, Sales Receipt, & Deposit
    • 440 Bank Feeds Matching Invoice to Deposit
    • 445 Bank Feeds Matching Receive Payment Form
    • 447 Bank Feeds Matching Deposit From Customer
    • 449 Bank Feeds Matching Sales Receipt
  • Credit Card Bank Feeds
    • 460 Bank Feeds Credit Card Data Setup
    • 465 Credit Card Bank Feed Add Data
    • 467 Bank Feed to Bank Feed Transaction
    • 475 Credit Card Reconciliation Month One
  • PayPal
    • 505 PayPal Bank Feeds
    • 515 PayPal Bank Feeds Add Data to Financial Reports
  • Bank Rules
    • 520 PayPal Bank Feed to Bank Feed Transfer
    • 660 Bank Rules – Same Customer Different Income Accounts
    • 665 Bank Rules Same Vendor Filter by Amount
    • 670 Bank Rules Split Into Two Accounts
    • 675 Bank Rules One Vendor Two Expense Accounts
    • 680 Bank Feeds Add Remaining Transactions and Bank Rules
    • 685 Bank Reconciliation Bank Feeds First Month
  • Reports
    • 690 Bank Reconciliation Bank Feeds After First Month
    • 695 Financial Reports Generated From Bank Feeds
  • Introduction 2021
    • .05 Getting Software For Free
    • .07 30 – Day Free Trial Setup
    • .20 Navigation Overview
    • 305 Free QuickBooks Bank Feed Practice File
    • 315 How do Bank Feeds Fit Into My Accounting System
    • 320 How To Setup Bank Feeds
  • Bank Data – Download and Import Into QuickBooks
    • 360 Download Transactions From Bank
    • 364 Import Bank Transactions Into QuickBooks
    • 365 Bank Feed Center Navigation
  • Add Bank Feed Transactions For Cash Decreases
    • 370 Add Normal Expenses To Books From Bank Feed Limbo
    • 375 Enter Transaction Purchasing Equipment Using Bank Feeds
    • 380 Enter Transaction Purchasing Inventory Using Bank Feeds
    • 385 Enter Transaction Purchasing Investments Using Bank Feeds
    • 390 Enter Transaction For Owner Withdrawal or Personal Payment Using Bank Feeds
    • 395 Enter Transaction for Income Deposit For Online Cash Basis Business
    • 400 Enter Transaction for Owner Deposit or Loan Deposit Using Bank Feeds
  • Payroll and Sales Tax Transactions
    • 403 Enter Transaction for Payroll Using Bank Feeds
    • 405 Sales Tax & Bank Feed Overview
  • Matching Bank Feed Deposits to Invoice, Sales Receipt, & Deposit
    • 440 Bank Feeds Matching Invoice to Deposit
    • 445 Bank Feeds Matching Receive Payment Form to Deposit
    • 446 Bank Feeds Matching Deposit From Customer
    • 449 Bank Feeds Matching Sales Receipt
  • Credit Card Bank Feeds
    • 460 Bank Feeds Credit Card Data Setup
    • 465 Credit Card Bank Feed Add Data
    • 467 Bank Feed to Bank Feed Transaction
    • 475 Credit Card Reconciliation After First Month
    • 480 Credit Card Reconciliation Second Month Credit Card Reconciliation Second Mo
  • Bank Rules
    • 540 Bank Rules – Same Customer Different Income Accounts
    • 550 Bank Rules – Same Vendor Filter by Amount
    • 560 Bank Rules Split Into Two Accounts
    • 580 Bank Feeds Add Remaining Transactions & Bank Rules
    • 590 Bank Reconciliation Bank Feeds First Month
    • 592 Bank Reconciliation Bank Feeds Second Month

 

Time remaining or 884 enrolls left

 

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