I just signed up for quickbooks online. In the past I used quicken and entered each transaction as I went so I knew exactly what the balance was in my checking account. If I were to link quickbooks with my bank, then how would I know the exact balance since quick books has to wait until the date comes in from the bank. I am afraid an automatic draft could be missed. there must be a delay...
@sfagt wrote:I just signed up for quickbooks online. In the past I used quicken and entered each transaction as I went so I knew exactly what the balance was in my checking account. If I were to link quickbooks with my bank, then how would I know the exact balance since quick books has to wait until the date comes in from the bank. I am afraid an automatic draft could be missed. there must be a delay...
This's a great question! Thank you for asking!
If you're familiar with Quicken (or QuickBooks Desktop) checkbook register, in QuickBooks Online, they also have bank register and works the same way. If keeping daily bank balance is very important, you can manually add transactions here as they come. Once you add here, on the banking tab once the transactions are downloaded, you will match (green button) it. If you see ADD line in bank feed, that means you've missed adding in the check register in QuickBooks. This works as checks and balances. For some QBO users, this process works the best!!
Where is check register (bank register) in QBO?
Left Dashboard > Accounting > Chart of Accounts > select account, click View Register under Action column.
Hope this helps!
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