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Level 1

I just bought QB 2020 and am a new user.

I just bought QB 2020 and I cannot figure out how to enter bank statements going back to 1-1-2020.

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QuickBooks Team

I just bought QB 2020 and am a new user.

Hello and welcome to the QuickBooks Community, Brian93.

 

I'd be glad to walk you through the steps in entering the bank statements. Before doing so, please follow the steps in this article on how to back up your QuickBooks company file.

 

Once done, we can add the bank account by following the steps below. Note: QuickBooks supports two connection methods which are Direct Connect and Web Connect.

 

For Direct Connect, QuickBooks automatically downloads the maximum number of transactions available from your bank. This will only apply the first time you connect your bank. Some banks downloads up to a year of historical transactions.

 

To use the Web Connect feature, please reach out to your bank if they support this file. If it's available, then you can set a date range for the transactions you want to download. Otherwise, you automatically get the maximum number of transactions available the first time you download. You may get 30, 60, 90 days, or more depending on the bank.

 

Here's how to connect the bank account:

 

  1. Go to Banking > Bank Feeds, then Set Up Bank Feeds for an Account.
  2. In the Enter your Bank’s name field, enter and select the name of your bank.
  3. Choose either Direct Connect or Web Connect
  4. In the Link your Accounts page, select the Select existing or Create new ▼ drop-down. Then, find the QuickBooks account you want to link to your bank account.
  5. Hit the Connect button, and then click Close.

Here's an article for reference on the steps above: Get started with Bank Feeds for QuickBooks Desktop.

 

I'll be around if you have more questions or other concerns. Thanks.

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