Learn how to set up a bank account and connect it to Bank Feeds in QuickBooks Desktop.
In QuickBooks Desktop, you can use Bank Feeds to connect your bank and credit card accounts to online banking. This lets you download bank transactions so you don't have to record them manually.
You can set up bank and credit card accounts for online banking in single-user and multi-user mode. Here's how to connect a bank account to Bank Feeds.
Note: You can connect up to 40 accounts. If you need more than that, separate the accounts you need to connect between two or more company files.
Connect your account to Bank Feeds
- Go to the Banking menu.
- Hover over Bank Feeds and select Set Up Bank Feed for an Account.
- Select your QuickBooks account and then select Next.
- Select the Financial Institution for this account and then select Next.
- Follow the onscreen instructions on how to connect your account.
Note: If you download transactions from your bank and import them to QuickBooks for the first time, then this sets up an account for Bank Feeds.
- Select Connect, then Close.
After you set up your account, you can now download transactions from your bank.
Import Web Connect (.qbo) files
Web connect (.QBO) files are online banking transactions from your bank’s website. The (.QBO) files can be downloaded and saved on your computer. Then, you can import the transactions so they become available in your Bank Feeds.
If your bank offers Web Connect:
- From the Banking menu, select Bank Feeds, then Import Web Connect Files.
- Select the QBO file you saved, then select Open.
- When prompted to Select Bank Account, select:
- Use an existing QuickBooks account if the account you're importing transactions into is already set up in QuickBooks.
- Create a new QuickBooks account if the account you're importing transactions into isn't in QuickBooks yet. Learn how to create an account.
- Select Continue. You'll see a dialogue box telling you that the data has been successfully read into QuickBooks. Select OK.
- Go to the Bank Feeds Centre to review your transactions.