Hello, 1. What tips do you have when setting up the first bank feed and the rules? 2. Can I load a prior year Trial Balance and how can I do that? Thank you, Haydar

Let me provide some information and guide you when setting up your bank and how the trial balance report runs, Hawkat.

Once you connect your online bank in QuickBooks, the transactions automatically download and categorise. After that, you can set bank rules so transactions get into the right account and speed up the review process. To create one, follow the steps outlined below:

1. Go to Settings ⚙ and select Rules.
2. Select New rule.
3. Enter a name in the What do you want to call this rule? field.
4. From the Apply this to transactions that are ▼ dropdown, select Money in or Money out.
5. From the  ▼ dropdown, select a bank account, or select All bank accounts.
6. Set the rule conditions. You can set a single rule with up to 5 conditions. Set and include the following, then select + Add a condition.
7. In the Conditions fields, specify whether the rule applies to Description, Bank text, or Amount. Then select Contains, Doesn't contain, or Is exactly to decide how QuickBooks applies the rules.
8. Select the settings for the rule. Select Transaction type, Category, Who you paid, Tax, Who it was for, and Tags to apply.
9. Select Save.
10. (Optional) To reorder your bank rules priority, select reorder and drag the rule to your desired order. The rule with the highest priority will always be applied first.

Please know, QuickBooks automatically applies your rules to transactions in the For review tab. These are the ones you need to review every day.

On the other hand, importing a trial balance report in QuickBooks Online (QBO) is unavailable. As a workaround, you can import transactions from the prior year and categorise them properly so you can run a Trial Balance report for the previous years. 

To give you more information on how you can review recognised transactions in the For review tab and set up the auto-add feature, read this article for more details: Set Up Bank Rules To Categorise Online Banking Transactions In QuickBooks Online.

Furthermore, learn how you can review your accounts in QuickBooks to make sure they match your bank and credit card statements. I've got this article for your reference: Reconcile An Account In QuickBooks Online.

You can always post your questions here if you have questions about banking and trial balance reports. We're here to cover all your needs. Have a nice day!