How do I Import Income and Expense to Quickbooks Online using excel?

Hello, @ColeyTH. As you make the important transition to QuickBooks Online (QBO), I'm here to personally guide you through the process of importing your income and expenses using Excel. Here's a tailored, step-by-step guide to assist you in this journey:

First, download your 2024 income and expenses from Microsoft Dynamic SL into an Excel or CSV format. Ensure your data is organized into clear columns, including the date, description, amount, and category. These are the 3 and 4-column formats and make sure that the maximum file size is 350 KB. If the file is too large, adjust the date range and download the transactions in smaller batches.

The 3-column format

This format has a Date, Description, and Amount column.

The 4-column format

It includes the Date, Description, Credit, and Debit columns.

Once done, let's now upload the file to QBO. I will show you how:

1. Go to Transactions. Select Bank transactions.
2. Click the drop-down beside the Link account and then tap Upload from file.
3. Select Drag and drop or select files, then choose the file you downloaded. Then Continue.
4. From the QuickBooks account dropdown menu, pick the account where you wish to upload your transactions. Click Continue to proceed.
5. Follow the onscreen instructions to align the columns in your file with the corresponding fields in QuickBooks. After mapping, select Continue.
6. Choose the specific transactions you want to import. Then click Continue.
7. Select Yes to confirm and click Done to complete.

For more details on importing data in QBO please check this article:

• Format CSC files in Excel to bank transactions into QuickBooks.
• Import/export CSV files.

After importing, categorize and match your transactions in the For Review tab to ensure accurate financial records. Then, reconcile your QuickBooks Online account with your bank statement to confirm data accuracy.

Enhance your confidence by collaborating with our QuickBooks Live Bookkeeper through QuickBooks Live Expert Assist, where you'll receive expert support in importing data, categorizing transactions, and reconciling bank statements in QuickBooks Online.

If you encounter any hurdles or have specific queries about importing your data to QBO using Excel, don't hesitate to reach out. Our Community is ready to assist you throughout your transition, ensuring it is as smooth as possible.

@ColeyTH 

You can purchase a 3rd party conversion service. If you prefer to migrate yourself, you can use an importer tool. You will start from COA, List, then finally Transactions.

https://get.transactionpro.com/qbo

Is there a video? 

What video?

I appreciate you for requesting a video tutorial on how to seamlessly import your income and expenses into QuickBooks Online using Excel, @vgaikwad2910. I'm pleased to share this helpful guide with you.

To continue with the importing process, please watch these videos:

QuickBooks simplifies the process of importing transactions for you. Once done, it's essential to regularly reconcile your accounts to ensure they align with your bank and credit card statements. For guidance on how to do this, check out this helpful article: Reconcile an account in QuickBooks Online.

Importing important files into QBO is a great way to streamline your bookkeeping, maintain accurate financial records, and enhance the generation of reliable financial reports, @vgaikwad2910. If you have any further questions or need assistance, don't hesitate to reach out. I genuinely admire your dedication to managing your data effectively, and I'm here to support you every step of the way.