quickbooks pro 2020

Thank you for considering posting your questions to the Community, coco.

I’ll share insights about how QuickBooks Online (QBO) functions and differs from QuickBooks Desktop (QBDT) as an accounting software.

QuickBooks Online is a cloud-based program that works differently than QuickBooks Desktop. This covers certain application options and terminology used while creating transactions.

However, they don’t differ in the fact that both applications can create the transactions you mentioned above. Although they differ from the steps to re-produce to create one, they still have the same transactions you can create in the desktop version.

Concerning making monthly entries from bank statements and producing balance sheets and income statements without online banking. Yes, you can do that! If you’re not planning to connect your online banking, you can upload your transactions manually via CSV file to get them into your QuickBooks bank feeds and make monthly entries. 

To get a glimpse of what QBO can offer, you can visit our website to check out our plans and pricing: https://quickbooks.intuit.com/pricing/

Furthermore, you’ll want to know more about converting from QBDT to QBO and get answers to frequently asked questions.

Let me know if you have more questions about converting QBO. The Community always has your back. Have a good one!

@cocoblondie 

You can keep using your QBD 2020 and use a 3rd party tool with the one time license to import bank statements.

https://get.transactionpro.com/qbd

Then you can signup for a Melio account for free to pay your bills with ACH for free. A special perk for the month, you will get a $100 cashback from them to successfully complete your first payment on the platform of at least $200 with a credit card.

https://affiliates.meliopayments.com/pricing