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checkbook register

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...

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Best answer 04-27-2018

Accepted Solutions
ProAdvisor

Re: checkbook register


@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!

View solution in original post

5 Comments
Content Leader

Re: checkbook register

Hey, sfagt.

 

I appreciate you reaching out here in the Community. I'm here to provide a little more insight on connecting your bank to QuickBooks Online.

 

Bank transactions are updated once a day at midnight. To bring in transactions more frequently, you'd:

 

1. Click the Banking tab in the left navigation bar.

2. Make sure the desired account is selected. (The box will be highlighted in blue.)

3. Select Update in the top right corner.

 

I've got an article that goes over more details about connecting your bank accounts and managing imported transactions: https://community.intuit.com/articles/1437494-connect-bank-accounts-and-manage-imported-transactions.

 

I'm only a post away if you have any other questions.

 

 

 

Highlighted
Established Community Backer ***

Re: checkbook register

Hi Sfagt,

 

Following on from @MorganB message below, when you click update QuickBooks will bring in all the transactions that appear in your online banking when you log in. If the transaction does not show within your online banking, then it will not pull through into the QuickBooks banking section. 

 

Kind Regards,

Emily

ProAdvisor

Re: checkbook register


@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!

View solution in original post

Not applicable

Re: checkbook register

Thank you, your answer made the most sense..  Now I have confidence to give quickbooks a try and continue my training. My initial concern could not really be found on the company website (or if it is there then it is simply unclear.)  It could not be answered by my saleman or by the girl who answered the phone when I called in to the service line.  She simply told me that she always knew the balance in her own checking account.   Her answer made me chuckle.   So thanks again for the real answer :) 

ProAdvisor

Re: checkbook register

If you need more help, you can check out this very popular YouTube video (published by me).

 

QuickBooks Online - Bank Register (old easy way to manually enter the banking transactions in QBO)

https://youtu.be/iLtOfEtpl48

QuickBooks Online - Bank Register (old easy way to manually enter the banking transactions in QBO) http://www.newqbo.com

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