Learn how to get transactions from your bank or credit cards and manually import them into QuickBooks Online.
Online banking is one of the biggest timesavers in QuickBooks Online. When you connect your bank and credit card accounts, QuickBooks automatically downloads transactions up to a certain date.
If you want to enter older transactions, or if your bank or credit card can't connect to QuickBooks, you can still upload transactions manually. Here's how:
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Step 1: Pick a start date
To avoid entering duplicates, you need to know the date of the oldest existing transaction currently in the account:
- Go to Bookkeeping or Accounting, then select Chart of accounts (Take me there).
- Find the bank or credit card account you want to upload the transactions into.
- Select View register.
- Find and write down the date of the oldest transaction. Usually, the oldest transaction is the opening balance.
Step 2: Get transactions from your bank
- Sign in to your bank or credit card's website.
- Follow your bank's instructions for how to download CSV files of your transactions to your computer. Every financial institution has different steps. Here are steps for Bank of America, Chase, and Wells Fargo.
- Check the date range for the download. It should be at least one day before the date of your oldest transaction.
- Download your transactions. Save the file somewhere you can easily find it, like your computer's desktop.
|Tip: Your bank may offer a few file formats. If possible, pick the QuickBooks Online data (QBO) format. These are formatted specifically for QuickBooks Online. You can also upload transactions from a CSV or Quicken (QFX) file.|
Step 3: Review the file format and size
Open and review the file from your bank. Make sure it's in the correct format before you upload it.
Keep in mind, the maximum file size is 350 KB. If the file is too big, shorten the date range and download transactions in smaller batches.
Step 4: Manually upload the transactions
Step 5: Categorize the transactions
Now that your transactions are in QuickBooks, it's time to match and categorize them. The transactions go into your accounts after you review them.
QuickBooks Online also enters certain details automatically if you set up any banking rules, or if it recognizes transaction descriptions.
Step 6: Reconcile the transactions
Your transactions are now in QuickBooks. The final step is to reconcile them. This ensures your books are accurate and there aren't any duplicate transactions.
Focus on your business, not your books.
Get a dedicated team of QuickBooks-certified bookkeepers to set up, import, and categorize all your transactions for you. Learn more about QuickBooks Live Bookkeeping.