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Banking

I recently had to change banks. How do I make the change in QuickBooks?

 

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Re: Banking

Sending good vibes to you, HWPawn.

Helping you change your bank in QuickBooks Desktop is my priority. Let's get this changed.

 

I can share with you the easy steps on how you can change your bank in QuickBooks Desktop.

 

Here's how:

  1. From the QuickBooks Banking menu, select Bank Feeds > Set Up Bank Feeds for an Account.
    Note: Check if your bank supports Online Banking in QuickBooks. Go to Banking >Bank Feeds > Participating Financial Institutions.
  2. In the Enter your Bank’s name field, enter the name of your bank. Note that as you type, QuickBooks displays possible matches.
    • Direct Connect: To set up account for Direct Connect, you must first apply for online services through your bank. If you use more than one account you may have to apply for each one separately. The bank will provide you with your login credentials once your application is approved. Contact your Financial Institution (FI) for details.If your bank offers Direct Connect service, you will be redirected to a window providing you the option to enroll in the service.
      • If you want to enroll, select the enrollment site link and you will be redirected to the bank’s website. Note that some banks charge for Direct Connect service.
      • If you do not want to enroll, you will be given the option to manually import transactions.
      • If you have previously enrolled in Direct Connect, select the Continue button. In the next window, you can enter your Direct Connect login credentials.
        1. Enter your Online Banking ID and Password.
        2. Select Connect. QuickBooks will connect to the bank’s server.
        3. Select the bank account you want to connect to QuickBooks.
        4. Select Finish after the process completes. You have successfully activated online banking.
    • Web Connect: If your bank only offers Web Connect, you will be redirected to a window providing steps to download transactions through Web Connect. Note that downloading transactions from the bank’s website and importing them into QuickBooks Desktop for the first time automatically set up an account for online banking. Depending on your bank and the version of QuickBooks you're using, you may be presented with options for Direct Connect, Web Connect or both.
  3. On the Link, your Accounts screen, choose which bank account/s to add to QuickBooks.
    • If you have multiple accounts (Savings, Checking, or Credit Card) available to connect to QuickBooks but only need one (Checking), then you can set up online banking just for it.
    • If the account is not yet in QuickBooks, select the Select existing or Create new drop-down, then choose to Create New Account.

You can get more details in these recommended articles:

That's it! You'll be back to business in no time. Please know I'm only a post away if you have any other questions about banking in QuickBooks Desktop.