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bounlerd-namkhan
Level 1

How many bank accounts we can use in QuickBooks

How many bank accounts we can use in QuickBooks
1 Comment 1
JoesemM
Moderator

How many bank accounts we can use in QuickBooks

Welcome to the Community forum, @bounlerd-namkhan. It's my pleasure to share information on how many bank accounts you can use in QuickBooks. That way, you can track and manage your bank accounts.

 

In QuickBooks, you can add and manage multiple bank accounts. There is no specific limit to the number of bank accounts you can use in QuickBooks. You can add as many bank accounts as you need to accurately track your financial transactions and manage your business finances effectively.

While there is a maximum limit of 250 accounts for adding accounts in the Chart of Accounts (COA), this limit does not apply if you are using QuickBooks Online Advanced. This feature allows you to connect as many accounts as you need to manage your finances effectively. To add a bank account using the COA feature, you should follow the steps outlined below:

 

  1. Go to Settings ⚙ and select Chart of accounts.
  2. Select New. Depending on your account view, you’ll either see a panel labeled New account or New category. Select the option you see below for next steps.
    Capture.PNGCapture.PNG

 

For detailed instructions, see this article: Add an account to your chart of accounts in QuickBooks Online.

 

On the other hand, you can connect your bank or credit card account so you don’t have to manually enter your transactions. You can also connect multiple businesses and personal bank accounts to keep your business information up to date in QuickBooks.

 

  1. Go to select Transactions, then select Bank transactions (Take me there).
  2. If this is the first bank account you’ve set up, select Connect account. Or select Link account if you already created one.
  3. Search for your bank. You can connect most banks, even small credit unions. Note: If you can’t find your bank but still want to add your transactions to QuickBooks Online, you can also manually upload bank transactions.
  4. Sign into your bank by entering your banking username and password. Then select Continue.
  5. Follow the on-screen steps to connect. Your bank may require additional security checks. It may take a few minutes to connect.
  6. Select any accounts you want to connect like, your savings, checking, or credit card. Then choose the matching account type from your chart of accounts in QuickBooks.

 

  1. Capture.PNG

 

For the complete process, open this link: Connect bank and credit card accounts to QuickBooks Online.

 

You can also refer to these articles to learn how to review downloaded bank and credit card transactions, allocate them to the appropriate accounts, and gain more knowledge about the accounts you can add to your Chart of Accounts (COA).

 

 

That should address your question for today. Please let me know if you have any other concerns regarding adding bank accounts or any additional questions about QuickBooks. I would be delighted to assist you. Have a great day ahead.