Hi there, bnason.
I'm here to share some insights about how bank and credit card transactions work in QuickBooks.
Before connecting your credit card account, it's recommended that you coordinate with your financial institution so you’ll know how they send information to QuickBooks. If the transactions downloaded to the main account, you'll only have to connect the parent account. However, if they're downloaded to the individual accounts, you need to connect the subaccounts and not the parent account.
Take note that you can’t connect the parent account and its subaccounts. If you try to connect both, you’ll get an error message that the account is already connected. Once you've confirmed how your bank handles the transactions, follow the steps below in connecting your credit card account:
- Select Banking menu or Transactions from the sidebar menu.
- Head to the Banking tab, then click Add account or Link account.
- Search for your bank, then select Continue.
- Enter the username and password you use for your bank's website in the window.
- Follow the onscreen steps to connect.
- Select the credit card account you want to connect, then choose the matching account type from the drop-down menu.
- Set how far back you want to download transactions, then hit Connect.
In addition, you'll only need to reconcile the parent account because all transactions in the subaccounts roll up into it. Lastly, here are some articles that you can read to help manage your downloaded credit card transactions:
Just let me know if you have any other questions by dropping a comment below. I’m here whenever you need me.
