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Everything you need to know about banking in QuickBooks Online - Discover more
Brittwales1
Level 1

Do I need to upload receipts if I have my bank account connected?


I’ve recently connected my business bank account to my quick books account & all my transactions have appeared which I have then organised into categories. 
My question is, do I then have to upload all of my receipts and invoices to match each transaction? 

I really don’t see the point in adding my receipts if it’s all uploaded electronically via my bank account but want to double check with this one. 

 

Solved
Best answer January 05, 2023

Accepted Solutions
Rubielyn_J
QuickBooks Team

Do I need to upload receipts if I have my bank account connected?

I'd be glad to clarify things about uploading receipts in QuickBooks, @Brittwales1.

 

Online Banking (also known as Bank Feeds) is one of QuickBooks Self-Employed’s most practical and time-saving features. 

 

If you connect your bank accounts to QuickBooks Self-Employed, your recent transactions download automatically. This allows you to skip uploading your receipts and invoices.

 

Now that your transactions download automatically, all you have to do is approve the way QuickBooks categorises them. For detailed steps, you may utilize this article: How to categorise transactions.

 

I hope that answers your concern. Let me know if you have follow up questions about adding receipts and invoices in QuickBooks. I'm always around to help. Have a good day!

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2 REPLIES 2
Rubielyn_J
QuickBooks Team

Do I need to upload receipts if I have my bank account connected?

I'd be glad to clarify things about uploading receipts in QuickBooks, @Brittwales1.

 

Online Banking (also known as Bank Feeds) is one of QuickBooks Self-Employed’s most practical and time-saving features. 

 

If you connect your bank accounts to QuickBooks Self-Employed, your recent transactions download automatically. This allows you to skip uploading your receipts and invoices.

 

Now that your transactions download automatically, all you have to do is approve the way QuickBooks categorises them. For detailed steps, you may utilize this article: How to categorise transactions.

 

I hope that answers your concern. Let me know if you have follow up questions about adding receipts and invoices in QuickBooks. I'm always around to help. Have a good day!

paul72
Level 8

Do I need to upload receipts if I have my bank account connected?

Hi @Brittwales1 

 

Even without connecting the bank account there is no requirement for receipts/bills to be uploaded to QBO - it's purely a convenience.

If you're worried about MTD - again, the requirement is only to have the records in a digital format not to have a scan or photograph of every piece of paper you receive.

 

Hope this helps.

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