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June 26, 2020
Question

if www.ibc,com bank supported with qbo

  • June 26, 2020
  • 1 reply
  • 2 views

if  www.ibc.com bank supported with Qbo.

I have a prospect client and we are telling him Qbo connects with banks and transaction are downloaded in real time. Want it to know if when client purchased QBO I will not letting my client down regarding bank connection 

1 reply

June 26, 2020

Hey there, Nunezrg.

 

Thanks for reaching out to the QuickBooks Community. I double checked and IBC is a supported back that can connect to QBO. Once they sign up you can easily connect the bank feed and have transactions downloaded. Here's how:

 

Have them create a bank account in the Chart of Accounts first.

  1. Click the Gear icon.
  2. Select Chart of Accounts.
  3. At the top right corner, click the New button.
  4. Click the Category Type drop down arrow and select Bank.
  5. Enter a name for the account in the Name field.
  6. In the Description field, enter a brief description of the account.
  7. In the Balance field, enter an opening balance for the account. Then, enter the date of the balance in the as of field.
  8. Click Save and Close (or Save and New if you want to enter another account right away).

Then, they'll need to activate their online bank feeds.

 

Here's how:

  1. Go to Transactions on the left side, and select Banking.
  2. Click Add Account on the upper right hand part.
  3. Enter the name of your Financial Institution, click Find then choose your bank.
  4. Choose your bank account name.
  5. Enter your Sign In information, then click Log In.
  6. Check the box next to the credit card account that you'll be connecting.
  7. Click the QuickBooks Account drop down, and choose the credit card account you created.
  8. Click Connect, and when it is done connecting click I’m done. Let’s go!

After this, they will be taken back to the Banking page. The For Review tab will show the downloaded transactions from your credit card account. From there, they can review, categorize, and accept transactions to QuickBooks. That’ll do it. Just a couple seconds, and you'll be bringing in data from your bank in no time. I recommend checking out the QuickBooks Test Drive. With it you'll be able to show your client the ins and outs of QBO. If you have any questions please don't hesitate to reach out.