By connecting your business account to QuickBooks, you can automate a significant portion of your financial management, reduce the risk of errors, and free up time for more strategic tasks. This ultimately allows you to focus on growing your business with a clearer, more accurate financial picture.
1. Go to Transactions and select Bank transactions, then click on Link Account.
2. Enter the URL or name of your bank in the Search field, and select the bank. If you can’t find your bank, you can manually upload transactions instead.
3. Enter your Sign info in the Login and Password fields, then click on Continue.
4. Choose the account you want to connect and the date range to pull transactions from the dropdown. Then, click Next. Depending on your bank, you can download the last 90 days of transactions or even up to 24 months.
5. Select your account type on the Account type dropdown, then click Next. Please ensure to choose the account type that matches your chart of accounts in QuickBooks. If you don’t see the correct account type, select +Add new.
You can refer to this resource for more information: Connect bank and credit card accounts to QuickBooks Online
Additionally, you can start reviewing and categorizing the downloaded bank transactions to make sure that it is categorized right. This helps you to organize your charts of accounts accurately.