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Once you set up bank feeds, does new transactions automatically download or do you have to select the transactions you want to download each time?

 
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Best answer December 10, 2018

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QuickBooks Team

Once you set up bank feeds, does new transactions automatically download or do you have to select the transactions you want to download each time?

Hi kw9340,

Let me clarify things out for you about setting up bank feeds.

Once your account is set up for Bank Feeds, your new transactions will download automatically into QuickBooks Desktop. If you want to select transactions to download, you'll need to send them via Web Connect. 

The Web connect (.QBO) files are online banking transactions from your Bank’s website which you can download and save on your computer. Then, you can import them into the software so they become available in your Bank Feeds, here's how:

  1. From the QuickBooks File menu, click Utilities, then select Import.
  2. Select Web Connect Files, and choose the QBO file you saved then click Open.
  3. When prompted to Select Bank Account, select: 
    • Use an existing QuickBooks account if the account you are importing the transactions into is already set up in QuickBooks.
    • Create a new QuickBooks account if the account you are importing the transactions into is not yet in QuickBooks. 
  4. Click Continue. You should see a dialogue box telling you that the data has been successfully read into QuickBooks. Click Ok.
  5. Go to the Bank Feeds Center to review your transactions.

I've added an article, just in case you'd need more information about Bank Feeds:

Get started with Bank Feeds for QuickBooks Desktop

Let me know if you need assistance in reviewing your transactions. I'll be here anytime. 

View solution in original post

1 Comment
QuickBooks Team

Once you set up bank feeds, does new transactions automatically download or do you have to select the transactions you want to download each time?

Hi kw9340,

Let me clarify things out for you about setting up bank feeds.

Once your account is set up for Bank Feeds, your new transactions will download automatically into QuickBooks Desktop. If you want to select transactions to download, you'll need to send them via Web Connect. 

The Web connect (.QBO) files are online banking transactions from your Bank’s website which you can download and save on your computer. Then, you can import them into the software so they become available in your Bank Feeds, here's how:

  1. From the QuickBooks File menu, click Utilities, then select Import.
  2. Select Web Connect Files, and choose the QBO file you saved then click Open.
  3. When prompted to Select Bank Account, select: 
    • Use an existing QuickBooks account if the account you are importing the transactions into is already set up in QuickBooks.
    • Create a new QuickBooks account if the account you are importing the transactions into is not yet in QuickBooks. 
  4. Click Continue. You should see a dialogue box telling you that the data has been successfully read into QuickBooks. Click Ok.
  5. Go to the Bank Feeds Center to review your transactions.

I've added an article, just in case you'd need more information about Bank Feeds:

Get started with Bank Feeds for QuickBooks Desktop

Let me know if you need assistance in reviewing your transactions. I'll be here anytime. 

View solution in original post

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