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Buy nowHi I'm on my 3rd bank now due to compatibility issues with Quickbooks and need to get confirmation before I change again. I want to use American Express but I have found many reports as recent as a few months ago about inability to link to QBO or problems with transactions not downloading properly. Have all of these issues been resolved or should I move on and find another bank?
I understand your concerns about linking your American Express (AmEx) Business Checking account to QuickBooks Online (QBO), @Race-MX.
As per checking, we have no reported cases of being unable to connect the AmEx Business Checking account to QBO. Rest assured once connected, the program automatically downloads and categorizes your bank and credit transactions seamlessly for you. All you have to do is approve the work.
If you haven't yet, create an American Express Business Checking account on your chart of accounts. Then, connect it to online banking. To do that:
Here's an article for the detailed step-by-step guide: Link your American Express Business account to QuickBooks Online.
Additionally, it's a good practice to reconcile your accounts monthly to ensure they correspond to your bank statements. Doing so guarantees that they are balanced and accurate.
Feel free to get back to us anytime whenever you have additional questions about setting up your AmEx account in QBO. We're always around to offer assistance. Keep safe and have a wonderful day ahead.
You can use MT Online or one of the converter tools (e.g csv2qbo @ $60 one time license) as a workaround.
https://www.moneythumb.com/?ref=110
It appears Amex won't allow you to open a personal checking account if you have a business checking account. I'm just going to Bank of America.
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