![QuickBooks Help](https://uxfabric.intuitcdn.net/web-app/sh-exp-sbg-app-experience/sbg_ohh_icon.19f2ae89.png)
Basic banking concepts and common terminologies
by Intuit• Updated 2 months ago
Basic Banking refers to manually recording bank transactions in QuickBooks Desktop. Some of the most common terminologies associated with it are outlined here to assist you
ACH (Automated Clearing House)
An exchange of electronic transactions between participating financial institutions in the United States. ACH processes large volumes of credit and debit transactions in batches.
Bank Account
Use Bank Accounts in QuickBooks to keep track of your Checking, Savings, and Money Market accounts. Add one bank account for every account your company has at a bank or any financial institution.
Sign in now for personalized help
See articles customized for your product and join our large community of QuickBooks users.
More like this
- Set up bank rules to categorize online banking transactions in QuickBooks Onlineby QuickBooks•5820•Updated June 24, 2024
- Learn common accounting termsby QuickBooks•1141•Updated June 17, 2024
- Common terms to process credit cards for Intuit Paymentsby QuickBooks•669•Updated April 22, 2024
- Categorize online bank transactions in QuickBooks Onlineby QuickBooks•4097•Updated 2 weeks ago
- Learn about account types and detail types in QuickBooks Onlineby QuickBooks•928•Updated June 21, 2024