Question

Bank Feeds

Forum|Forum|2 years ago
June 11, 2024
1 reply
45 views

I used the web download for bank feeds. After clearing everything I can use the link to actual bank account since it would be most recent data. I used the web download file as Bank. How can I use the actual bank link same thing so it's not too confusing

QuickBooks Enterprise Suite

A

AnneMariee

It's nice to see you here in the Community space, nitsujayyy. I'm here to assist you in connecting your bank account to QuickBooks Desktop for a more efficient workflow.

In QuickBooks Desktop (QBDT), there are two ways to set up an account. You can either connect with Direct Connect or Web Connect, depending on what's available at your bank.

Setting up your account with Web Connect includes downloading a file with your company's transactions and then manually importing it to QBDT. On the other hand, Direct Connect is when QuickBooks automatically downloads transactions available from your bank. You'll need your bank credentials to use this method, and I also recommend consulting your bank if there's a fee for the service.

To set up bank feeds with Direct Connect, you can follow these steps:

On the top menu, go to Banking.
Select Bank Feeds.
Click Set up Bank Feeds for an account.
Enter and choose your bank on the field.

If you're enrolling for Direct Connect for the first time, you may need to apply through the Enrollment Site link. You can check out this article for more information: Set up or edit bank accounts for Bank Feeds in QuickBooks Desktop.

For future reference, here's a comprehensive guide on ensuring your QuickBooks accounts match your real-life ones: Reconcile workflow.

Should you have any other banking concerns in QuickBooks, please don't hesitate to leave a comment below. I'm always ready to help you out, nitsujayyy. Keep safe!

N

nitsujayyyAuthor

Question was how do I have the direct bank account linked with the web file i downloaded so that it can use the same chart of accounts.

C

continea

Level 5

Ok now I'm confused and I'm deleting data back and forth and it's messing me up. I wasted enough time on this as is.

I need to reconciliate my old bank, which is why I'm using import for all the old data. After I clean it up to date, I want to use bank direct so it would show most recent transaction I need to fix.

Doing so doesnt allow me to use my main "Bank" only one of the feeds allow that spot. Bank feed or web download. It prompts me to create a new account, but doesnt that get too annoying with so much charts of accounts?

Situation now is that I've cleaned up my web download under "Bank." I have another chart of account set up as "Chase Bank" can I combine the two? Can I even delete the web download after, and it will be saved under bank or transaction even if I use direct bank to "Bank"

Hello nitsujayyy!

Thanks for returning to the Community! You can merge your bank accounts and use the name and account number of the account you want to keep. All data moves into the account you want to keep, and duplicate transactions are removed. Before merging, make sure to save reconciliation reports of the account you are merging. Please note that once you merge bank accounts, you can't undo them.

From the left menu, select Accounting.
Choose Chart of Accounts.
Locate the account you want to keep. Then, click the drop-down arrow next to View register and select Edit.
Take note of the account details and click Cancel.
Look for the account you want to merge. Then, click the drop-down arrow next to View register and select Edit.
Change the duplicate account's info to match the account you want to keep, and click Save.
When you're ready, select Save and then Yes, merge accounts.

You can read this article for the detailed process of merging bank accounts: Merge duplicate accounts, customers, and vendors in QuickBooks Online.

Please let me know if you have additional questions. We will be around to assist further.

Sign up

Login with SSO

Let's get you signed in

Login with SSO