How too upload transaction statement into Quickbooks clearing account?

Let me help you with how to link the downloaded transactions to your clearing account, kalyanees.

Once you set up your bank or credit card to online banking, it will automatically download your recent transactions. Then, you can go to the Banking page to link the downloaded statements to your clearing account.

If you haven't created a clearing account, just follow the steps below": 

1. Go to Accounting on the left-side panel.
2. Select Chart of Accounts.
3. On the Chart of Accounts screen, tick the New tab.
4. In the Account Type choose Bank.
5. Select a list on the Detail Type you want for your clearing account.
6. Type in the Name for the clearing account.
7. Make sure you do not type in any amount on the balance before pressing Save and Close.

Then, go to the For Review tab and click the statement transaction. In the Category drop-down, choose the clearing account you have set up. Once done, tap the Add button to record it in your bank register.

You can also set up a banking rule to automatically categorize downloaded transactions into your clearing account. Just follow the steps and details in this article: How to set and use banking rules for downloaded transactions. Then, go to Step 1: Create a bank rule section and enter the clearing account in the Category detail as stated in Step 8. 

I've got a link here that provides you with articles about managing your bank transactions: Find help with bank feeds and reconciling accounts.

Fill me in if you need a hand with reconciling your bank accounts or any QBO related. I'm glad to help. Take care always. 

I think that gets me most of the way I need to on this specific challenge.  I have a vendor who has commissions and other incentives given at periodic time.  I can use those credits to purchase products from that vendor.  What doesn't seem to fit in the solution above is that there will be times when I don't have enough credit to cover an invoice so I need to use both the credit built up and cover the rest with a different bank account.

Good day, DMalt.

You can pay the bills using a credit or a bank account. This means you're doing it right. We just need to make sure that you've selected the correct payment account.

For more details, you may check these articles: 

• Enter and pay bills
• Enter a credit from a vendor

Leave a reply if you need anything else. Stay safe!