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Setup Bank Feeds in QuickBooks Desktop

    Set Up Bank Feeds in QuickBooks Desktop

    Bank feeds are an important aspect of the accounts in the QuickBooks desktop. Bank feeds let you easily connect with your bank account and credit cards through online banking and will let you download bank transactions and you wonโ€™t have to do it manually. Thus, it will save a lot of manual effort and error as well.

    For downloading the bank transactions in your QuickBooks desktop, you need to first setup the bank or credit card accounts with the help of online banking and connect it to the bank feeds functionality in your QuickBooks desktop account for the windows. For your information purpose, you can easily connect up to 40 bank/ credit card accounts to the bank feeds for one company file.

    Steps for Setup Bank Feeds in QuickBooks Desktop

    The two ways through which the bank feeds can be connected to your accounts are as follows:

    ๐Ÿ’  Downloading and connecting your bank feeds through Direct connect.
    ๐Ÿ’  Connecting Bank feeds by importing web connect files

    Total Time: 35 minutes

    Steps for Downloading and Connecting Bank Feeds through Direct Connect

    ๐Ÿ’  Step 1. In the first step, you need to click on banking on the QuickBooks desktop and then you need to navigate to the bank feeds.

    ๐Ÿ’  Step 2. In the next step, you will have to click on setup of bank feeds for your account. And then enter the bankโ€™s name in the relevant field and select your bank.

    ๐Ÿ’  Step 3. If you are not already enrolled and doing it for the first time, you will have to go to the enrolment site link and apply for Direct connect, and wait for your bankโ€™s approval (if required).

    ๐Ÿ’  Step 4. If you are already enrolled then you need to click on continue and log in by entering your credentials i.e. online banking id and password.

    ๐Ÿ’  Step 5. Now in this step, click on connect and wait for QuickBooks to get connected to your bankโ€™s server.

    ๐Ÿ’  Step 6. At the last, choose the bank account that you wish to connect to and click on finish.

    After the last step, you will be able to download transactions from your bank accounts in QuickBooks.

    Also Read : QuickBooks Bank Feeds not Working

    Steps for Connecting Bank Feeds by Importing Web Connect Files are as Follows

    ๐Ÿ’  Step 1. At first, you need to download the web connect (.QBO) file which details the online transactions to feed on your bank account and save it on your computer.

    ๐Ÿ’  Step 2. In the next step, you need to click on Banking > Bank menu > import web Connect files.

    ๐Ÿ’  Step 3. Now select the web to connect the file that you saved on your computer and click on open.

    ๐Ÿ’  Step 4. In the next screen, you will have to select the bank account, you can use either an existing or new QuickBooks account for this step.

    ๐Ÿ’  Step 5. In this step, click on continue and click OK on the dialogue box which confirms that data has read/ imported successfully.
    Finally, you can go and review your transactions in the Bank feeds center.

    In case you need any further information on any point, you can dial a toll-free number and the QB technical helpdesk will help you.