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How can I manually entered transactions in QB from a closed bank account that was closed prior to subscribing to QB?

 
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Level 11

How can I manually entered transactions in QB from a closed bank account that was closed prior to subscribing to QB?

@rawlinsonc 

 

How can I manually entered transactions in QB from a closed bank account that was closed prior to subscribing to QB?

 

If you have a bank statement (or bank data), you can enter the transactions in the bank register regardless of when you subscribed to your QuickBooks Online (QBO).

 

This is a very easy process, maybe a bit time-consuming you are entering manually one a time. Here is our how:

 

  1. From the left Dashboard, select Chart of Accounts
  2. Once you are on the Chart of Accounts (COA), click the NEW button at the right corner and a new bank account.
  3. Account Type = Bank, Detail Type = Checking or Savings, Name = Name of the Bank w/last four digits of bank account (example Chase #1234), Description = same as Name field.
  4. Save and Close.
  5. Now, the next step is to enter transactions in the register one by one. Click "View register" under the Action column.
  6. Select Expense or Deposit (for income) under Date column
  7. Save.
  8. You will see Bank Balance at the top. Basically, you are entering what you see in the bank statement.
  9. Since you have closed this bank account, make sure the bank balance is zero at the end.

For step-by-step instructions, check out this educational video tutorial.

 

 

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