Basic Banking refers to manually recording bank transactions in QuickBooks Desktop. Some of the most common terminologies associated with it are outlined here to assist you
ACH (Automated Clearing House) An exchange of electronic transactions between participating financial institutions in the United States. ACH processes large volumes of credit and debit transactions in batches.
Use Bank Accounts in QuickBooks to keep track of your Chequing, Savings, and Money Market accounts. Add one bank account for every account your company has at a bank or any financial institution.