In today’s blog post, I want to show you how to add the Bank of America, Alaska Airlines Credit Card to your books.
Let’s dive right into it and add the account to your Bank Feeds in QuickBooks Online. You should take note that this isn’t an account in your Chart of Accounts, it’s just an account that will be linked into these bank feeds and will show up as an additional tile in your banking screen. For more in-depth information on how to use bank feeds, check out our previous blog post here .
To add the account to your bank feeds, start by navigating to the dashboard and finding the banking button on the left-hand navigation menu and click it. Doing that will take you to your banking dashboard. Now on the right-hand side of the screen, click Add Account. Again, this isn’t adding to your chart of accounts, but it will prompt us to add the appropriate bank feed.
Small Business Bank Account
So after we’ve clicked the Add Account button, we’ll need to tell QuickBooks about our banking information. You will now see a screen that has several banks from which to choose. In this example, we’re setting up a Bank of America credit card, so we’ll pick Bank of America. Once we pick Bank of America, we’ll have to sign in to our bank account to grant QuickBooks access to the information it contains. Click the green continue button. An additional screen will then pop up where you’ll need to provide consent to share your data from Bank of America to Quickbooks.
Following the steps above will set up the connection between the two services. If the screen loads that says “Connecting to Bank of America, ” then you know you’ve done it right.
In our case, we have more than one account in Bank of America. The screenshot below shows how it looks. There is an account ending in 9940 and one ending in 7764.
Bank Of America Credit Card Downloads
And when we go to QuickBooks, we will also see the same accounts. We now need to tell QuickBooks which one we want to connect.
In this example, the account we are linking is the one ending in 7764, not the corporate account. You might instinctively want to download the data from the corporate card. However, all of our transactions are processing through the Alaska Airlines 7764 card account.
We have identified which is the correct account, and now we need to select it in QuickBooks. Once you highlight the correct account, QuickBooks will ask you to pick a beginning date to load your transactions. For this example, the date will be 01/01/2019. And finally, click the green Connect button.
How To Download Bank Of America Transactions In Quickbooks?
At this point, all of the connections are established. You can confirm the connections by viewing the banking screen and confirm that the balance of the connected account is the same as the balance in your Bank of America Account. In this case, both are $2, 811.04
You will notice that there are 367 transactions that we need to deal with. I go over how to deal with those transactions in a previous blog post here.
If you would like to see some video instruction on how to undertake this task, you can view that below as well.
Intuit Online Payroll (from Bank Of America) Transfer To Quickbooks
This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Gentle Frog, LLC does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Gentle Frog, LLC does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.
Gentle Frog offers outsourced bookkeeping and for the DIY’er, we make learning accounting software effortless with in-depth training that encompasses accounting fundamentals, shortcuts, and workarounds
Sign up now for this free mini-course and start mastering the essential bookkeeping skills that every small business owner needs to succeed!
Quickbooks Online® Basics: Credit Card Expenses (series 2, Lesson 15)
Sign up now and enjoy the peace of mind that comes with knowing your bookkeeping is accurate, up-to-date, and free from costly errors.
At this point, all of the connections are established. You can confirm the connections by viewing the banking screen and confirm that the balance of the connected account is the same as the balance in your Bank of America Account. In this case, both are $2, 811.04
You will notice that there are 367 transactions that we need to deal with. I go over how to deal with those transactions in a previous blog post here.
If you would like to see some video instruction on how to undertake this task, you can view that below as well.
Intuit Online Payroll (from Bank Of America) Transfer To Quickbooks
This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Gentle Frog, LLC does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Gentle Frog, LLC does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.
Gentle Frog offers outsourced bookkeeping and for the DIY’er, we make learning accounting software effortless with in-depth training that encompasses accounting fundamentals, shortcuts, and workarounds
Sign up now for this free mini-course and start mastering the essential bookkeeping skills that every small business owner needs to succeed!
Quickbooks Online® Basics: Credit Card Expenses (series 2, Lesson 15)
Sign up now and enjoy the peace of mind that comes with knowing your bookkeeping is accurate, up-to-date, and free from costly errors.
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