1. Online Banking Overview
Connect your bank accounts to QuickBooks so it can download your transactions. Categorize transactions and add them to QuickBooks, so QuickBooks can start doing the work for you.
Connect Your Bank Account
On the Homepage, under Bank Accounts click Connect an Account.
Choose Your Bank
Sign in to Your Account
Fill in the username and password you use to access your accounts. Click Sign In when you are finished.
Choose Your Account
Once connected, you will see all of the accounts you have at this bank. Choose the account you use for your business and tell QuickBooks what kind of accounts they are. QuickBooks will download all of the transactions from the last 90 days — but these transactions aren’t in QuickBooks yet.
The first time QuickBooks downloads your transactions, it’s up to you to review and categorize your expenses. On the Bank and Credit Cards page, click on the Category or Match column to sort the transactions. You will see where QuickBooks tried to find categories for some transactions.
Changing Transaction Category
Click the first transaction in the list to open it. To put this transaction in a different category, open the transaction menu and choose the right one.
Choose a Payee
Click Add to save the transaction.
See What You’re Making and Spending
You can get a summary of how your business is doing right on your dashboard.
You can also run reports like the Profit and Loss report, which will give you more detail about how your expenses are categorized and where you’re spending the majority of your business’ money.
You can even see your expenses as a percentage of your income.