quickbooks 2014 download bank transactions

Voila, no more searching pockets for that one receipt you’ve misplaced. If there’s only a small volume of documents, upload as you go. Storing them digitally is both practical and convenient, and we’re all about making things easier. As we all know, bills and receipts can have a habit of going AWOL, so document management is your first port of call. Focusing on bookkeeping, there’s a ton of features designed to automate what can otherwise be a bit of a headache. Quickbooks Online exists to make your life easier – from an accounting perspective, that is. Firmly in our affections when it comes to bookkeeping, it continues to deliver with customizations, integrations and lots of great features. And then, ladies and gents, in comes accounting software, with tech companies like Xero and Intuit leading the way. If accounts didn’t balance, accountants had the arduous task of going through the books, transaction by transaction, until the mistake was spotted. Pre-technology, people entered every financial transaction the company made into a ledger one can only guess the number of errors over the course of the year. Imagine for a moment that you had to complete your year-end by hand. Yes, it’s possible, even with bookkeeping. (If you don’t see that, try Gear > Company Settings > Categories > Location tracking.Bookkeeping, it’s not everyone’s favourite business activity, but it has to be done. To turn on locations (QuickBooks Plus only): Gear > Company Settings > Company > Track locations.(If you don’t see that, try Gear > Company Settings > Categories > Class tracking.) To turn on classes (QuickBooks Plus only): Gear > Company Settings > Company > Track classes.Once you save a rule, you can see it applied on the bank feed page here and here. If the description is USPS or FedEx, set category to Shipping.

If the description is Shell or Chevron, set the payee to Gas Vendors and category to Automobile:Fuel.If the description is Burger King or McDonalds or Taco Bell, set the payee to Fast Food Vendor and category to Meals and Entertainment.If the description is Amazon or AMZN, set the payee to Amazon and category to Office Expenses.If the description is Gardening at Bob’s, assign Bob Waldron as the payee.

Categorize expenses from Office Manor more than $500 as Capital Expenditure.Categorize expenses at A Rental more than $1000 as Equipment Rental (shown above).

This helps save you time and minimizes errors! Examples of rules Rules go beyond that automatic categorizing to give you a finer level of control, letting you further customize and automate the bank transactions you accept into QuickBooks. Today, QuickBooks categorizes transactions based on businesses like yours or on similar transactions you’ve already categorized. You asked and we listened: introducing bank rules in QuickBooks Online!

Quickbooks 2014 download bank transactions