Uploaded on Aug 24, 2021
Aside from all the exceptional advantages that QuickBooks offers, it also enables its users to sync and import your Bank of America transactions with the software. And, to do so, you would require using the Web Connect feature which allows you automatically sync the two.
Download Bank of America transactions in QuickBooks
Download Bank of
America
transactions in
QuickBooks
If you have been using QuickBooks for some time, you know
that the software allows various small and medium businesses
in managing financial transactions, keeping a track of their
income and expenses, maintaining invoices, ensure proper
inventory management, handling customer payments, and so
much more. It is not wrong to say that QuickBooks is one of the
most effective and efficient accounting management software
for such evolving companies. Aside from all the exceptional
advantages that QuickBooks offers, it also enables its users to
sync and import your Bank of America transactions with the
software. And, to do so, you would require using the Web
Connect feature which allows you automatically sync the two.
As a business owner, the Web Connect feature
saves you a lot of time and effort that you would
otherwise be spending on managing the data
manually. You can then dedicate all that time and
resources in operating your business, managing
your taxes, sorting financial invoices under
appropriate categories, managing customers, and
more.
That being said, let us now discuss the definite
procedure to sync and import
Bank of America transactions in QuickBooks
How can you sync or
import Bank of America
transactions in
QuickBooks?
To sync or import your Bank of America transactions in
QuickBooks, follow the below-mentioned steps as-is:
• Firstly, click the QuickBooks software on your computer to launch
it.
• Find and select “File” from the top bar menu
• Select “Utilities” and click “Import. After, select “Web Connect
Files”
• Before you move ahead, ensure that you extract.QBO file from
your bank, click on it to open the files, and then hit “Next”
• Open the .QBO transaction extract file, select your Bank of
America account, and select “Continue”
• Now, click “OK” and check the Bank feed center to ensure that
the transaction between QuickBooks and your Bank of America
accounts are synced.
What to do if you face troubles in
importing bank transactions
using Web Connect?
If you were unable to sync and import your Bank of America
transactions using Web Connect, it is best that you create a
new test bank account so you can merge them with your
original account later. This will also be helpful in avoiding
duplication. Let us show you how you can do that.
• Go to the top menu, click “Lists” and select Chart of
Accounts.
• Click “New” on the pop-up window that appears
• Now, put a tick on the check box next to Bank and click
“Continue”
• Enter your bank name in the Account field, click “Save”
and “Close”
• Next, right-click on the old account and rename it to the
accurate bank name and click “Save” and “Close”
• Finally, press “Yes” once you are prompted to merge the
two accounts To Know More Click Here!
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