Have a query Call: 1-844-521-0490 info@qaxperts.com
How to Close your books in QuickBooks Desktop?

How to Close your books in QuickBooks Desktop?

Seeking for the procedure to close books and company in QuickBooks desktop and online. Herein, we will be talking about the procedure to close books and company in not only QuickBooks desktop, but also online. This feature of QuickBooks helps in closing the books at the end of the year. Moreover, it is an accounting process of zeroing out the income and expense accounts and recording the company’s net profit or loss into the balance sheet. Before heading further with the process, it is recommended to create an opening balance.

Close the QuickBooks in QuickBooks - Screenshot

To find out more about closing books in QuickBooks desktop and online, make sure that you go through this article till the end. Or you can also contact our QuickBooks support professionals, and let our experts close your books in QuickBooks and teach you the process.

Read also: How to Fix QuickBooks Error Code 6209?

Perks of closing QuickBooks or company in QuickBooks

Once the user creates new company data it will affect the previous balance sheet, the user will have to use the close of the book, and the main purpose of this to protect the transaction. The user needs to make use of this feature to set closing date and password command in QuickBooks. This step will lock down all the information so that it cannot be affected by the business.

Steps to close the QuickBooks in QuickBooks pro

The user can perform the below steps to close books in QuickBooks pro.

  • The very first step is to choose the gear icon and company setting
  • After that choose advanced
  • The user should not click on edit icon in the accounting section
  • Opt for mark the closing the books checkbox
  • Also, enter a closing date
  • Transactions dated on or before the closing date cannot be modify without warning
  • The user should decide what he/she wishes users to see if they try to save a transaction that is dated prior to the closing date:
    • Choose allow changes after viewing a warning to make a warning message appear
    • Choose allow changes after viewing a warning and entering a password to make the user also enter a password. Then enter the password in the two password fields below
    • Choose save for done

View the changed transaction after closing date:

The user might require to track some transactional changes details even after the closing date.

  • Herein, the user needs to click on reports from the menu
  • And then select accountant reports and taxes
  • Click on closing data exception report and view the required reports
  • In this report, the user can see the closing dates and the user who set the closing date.

Is it possible to make changes after closing QuickBooks?

In case the user wishes to preserve the integrity of the financial data in QuickBooks, then it is not needed to change QuickBooks after he/she has closed it. Thus, it is recommended not to make any sort of changes to QuickBooks after closing books.

In case the user forgets to enter a transaction and then he/she wants to make changes in a transaction in closing files, then the user should enter the password. This would be of great assistance in case of security concerns.

Read it also: Learn the Procedure to Print Pay Stubs in QuickBooks Desktop

Steps to close books in QuickBooks online

It should be noted that at the end of the year, QuickBooks automatically close out files and reports all losses and expenses. The user needs not to worry about doing it manually.

Adjustments made by QuickBooks at the end year

  • For making zero net income in the upcoming fiscal year, QuickBooks make changes into the income and expense accounts in a way so that the outcome is zero.
  • And QuickBooks also makes adjustments in the net income entry. For example: in case the previous year’s profit was $12000, then QuickBooks enters a $12000 net income on the last day of the financial year. This an be visible in a line of the equity section
  • On the very first day of the next financial year, QuickBooks increases the retained earning equity by the same amount as the previous fiscal year’s net income in this example decreases the net income by the same amount.
equity section - Screenshot

Perks of closing books in QuickBooks

  • Restricted access: One of the reasons why one should close the books in QuickBooks is that the user can restrict other users from accessing the previous data including the transactions. The user can create a closing password to enable this QB feature. After doing that, only the user having the closing password and authority will be able to delete transactions from the closed period.
  • Reporting: The changes that are made after the closing date to the transactions dated on or before the closing date will appear in the closing date exception report.

Pitfalls of closing the books

  • It should be noted that it would not be easy to access the previous year’s transactions. In case required, then the user will have to have the closing date password and authority
  • Also, without the permission of the user who set the closing dates, it is not possible to compare reports between the current year and last year.

See also: How to Fix QuickBooks Internal Server Error 500?

Final Words..!

By the end of this article, we expect that the reader might be able to successfully close the books in QuickBooks desktop. However, if the user isn’t able to for some reason, then getting in touch with our professionals and QuickBooks customer support team is suggested.

The user can simply get in touch with our support professionals right away at 1-844-521-0490, and they will ensure to come up with the most appropriate solutions for you.

 

Recommended readings:

How to Perform a Clean Installation of QuickBooks Desktop?

How to Troubleshoot QuickBooks Error 103 while Banking Online?

What are Bank Deposits in QuickBooks?

What are Bank Deposits in QuickBooks?

Well, after the user has sent an invoice and received the payment into undeposited funds account, he/she would have to deposit these payments into an account in QuickBooks, similar to that he/she would have done when visiting the bank at the end of the workday. The most important point to remember is that the transactions in QuickBooks should reflect real-life, which means if the money is in the actual bank, then it should be reflected in QuickBooks.

Talking about the bank deposit feature, it serves two functions. In case the payments received into the undeposited funds account, then you can group the payments and deposit them as single record into an account. This particular feature is also where the user records items that aren’t typically captured on invoices or bills, like the assets and loans.

You might also like: Use Audit Trail Reports in QuickBooks Enterprise Solutions

More about bank deposits in QuickBooks

Record bank deposits in QuickBooks - Screenshot

When depositing money at the bank, the user often deposits multiple payments from sources all at one. The bank usually records everything as a single record with one total. In case the user enters the same payments as individual records in QuickBooks, then they won’t match the way the bank recorded the deposit.

In such cases, QuickBooks will have a special way for the user to combine transactions so the records match the real-life bank deposit. The user needs to put the transactions that are to be combined into the undeposited funds account. Using the bank deposit feature to combine them.

Steps to record bank deposits in QuickBooks

The user can perform the following steps to record the bank deposits in QuickBooks. Let us check out the steps one by one:

Step 1: The first step is to put transactions into undeposited funds account

In case you haven’t already, you can put the payments and sales receipts that are to be combined into the undeposited funds account. This particular account holds everything before recording a deposit.

Step 2: The next step is to combine transactions in QuickBooks with a bank deposit

It should be noted that each bank deposit creates a separate record in QuickBooks. Also, the user needs to make deposits one at a time for each of the deposit slips.

  • At first, the user should choose new tab.
  • And select bank deposit.
  • The next step is to select the account that is to be used to keep the money from the account dropdown menu.
  • And then choose the checkbox for each transaction that is to be combined.
  • Ensure that the total of the selected transactions tally with the deposit slip. And the user is supposed to use the deposit slip as reference.
  • The last step is to select save and close or save and new.

It is important to note that all transactions in the undeposited funds account appear in the bank deposit window. In case you don’t see the one that is required, then put it in the undeposited funds account.

Also Read: Fixation of Common Issues when Applying a Payment towards an Invoice

Steps to manage bank deposits in QuickBooks

For managing bank deposits, you can perform the following steps:

Reviewing past bank deposits

  • For reviewing the bank deposits made earlier, move to the reports menu.
  • Move to the sales and customers section.
Reviewing past bank deposits - Screenshot
  • Select the deposit detail report.

The report lists all the completed bank deposit and the user is supposed to choose individual deposits to get further details.

Removing a payment from the bank deposit

In case you have added a payment mistakenly, then no issues, you just have to remove a specific payment from a deposit.

  • In such case you are required to move to the sales menu and choose all sales tab.
  • After that look for and open the payment that you want to remove. The status should be closed.
  • And then, select the date link near the customer name. This will open the bank deposit.
  • And you would have to uncheck the checkbox for the payment you wish to remove.
  • The last step is to select save and new or save and close.

The payment will move back to the undeposited funds account. And you can add it to another deposit.

Deleting a bank deposit

To delete a bank deposit, and start over again, carry out the following steps:

  • The first step is to move to the accounting menu.
  • And select the chart of accounts.
  • The next step is to find the bank account that you put the deposit into and choose account history.
  • Further look for the bank deposit and select it to get more details.
  • The last step is to select delete tab.

All the payments on the deposit go back to the undeposited accounts, which will let you to create a new deposit again.

See this also: How to Rectify the QuickBooks Error 12029?

Winding up!

We end the article over here, with the hope that the above stated information might be more than enough for you to learn about bank deposits in QuickBooks desktop. However, for any further query, you can contact our QuickBooks enterprise support team professionals at 1-844-521-0490. And let our experts perform the necessary steps on your behalf.

 

Read these articles also:

How to Fix QuickBooks Error Code 99001?

Upgrade your Company Files after you Switch to a New Version of QuickBooks Desktop

Resolve Common Issues when Applying a Payment towards an Invoice

Resolve Common Issues when Applying a Payment towards an Invoice

Looking for the process involved in fixing common QuickBooks issues when applying a payment towards an invoice? Your search ends over here, we are here to discuss the entire process involved in resolving common issues when applying a payment. There are different methods involved, which include multiple payment methods, reapplying payments, refunding payments and more. In case you need any assistance in helping with the standard process for creating invoices and receiving payments, then you can refer the accounts receivable overview.

To know more, read this article carefully till the end. Or you can also contact our team professionals for any further technical assistance. Our team will be more than happy to help you.

You might see also: How to Solve QuickBooks Error Code H505?

Steps to use multiple payment methods towards an invoice

The user can follow the below steps, to apply several payment methods:

Step 1: At first, create a cash payment item

  • The user is required to select the item list from the lists menu.
  • And then, choose the item drop down and select new item.
  • For item type, the user is recommended to choose payment.
  • On the item name/number field, type in cash payment.
  • The user is then required to select the radio tab for group with other undeposited funds, in case you want the payment to go to the undeposited funds account. Else, choose the deposit to radio tab and from the drop down, choose the bank account you wish to the payment to be deposited to.
  • Choose OK tab.

Step 2: The next step is to create the invoice

  • From the customers menu, the user is recommended to select create invoices.
  • And then on the customer job drop down, choose a customer or customer job. In case the customer or job is not on the list yet, the user needs to select add new.
  • The next step is to fill in the relevant information at the top of the form like the date, invoice, bill to/sold to and terms.
  • Now, in the detail area, choose the items.
  • Choose the cash payment item you created in step 1.
Save Item - Screenshot
  • Now, on the amount column, enter the amount of the item that will be paid by cash.
  • Also, note that the cash payment item might show on a negative amount and the total and balance due is equal to the amount which will be paid using the credit card.
  • Choose save and close.
Invoice - Screenshot

Step 3: After that record the payment

  • The user is then required select receive payments from the customers menu.
Receive payments option - Screenshot
  • And on the received from drop down, select the customer or customer job.
  • Now, enter the amount.
  • Ensure that the date is correct.
  • Also, enter the reference of check.
  • The next step is to select the appropriate credit card for the payment method.
  • Select the invoice you will pay with a credit card.
  • And select save and close.

Also Read: What are the System Requirements for QuickBooks Enterprise?

Using a payment deposited directly into a bank account to pay for an open invoice

The below steps show the process to create a custom credit from an existing deposit and also the process to apply this credit to an open invoice. This will change the process of accounts being infected. The user will be required to check with the accountant, if the payment was deposited in a closed period or not.

Step 1: The very first step is to edit deposit to create a credit to the customer

  • And then, open the original deposit.
  • The next step is to enter the customer’s name used on the original invoice in the received from column.
  • After that, the user is suggested to select ok on the warning message.
  • And in the form account column, replace the income or another type of account with the accounts receivable account used on the original invoice.
  • Choose save and close.

Step 2: The next step is to apply the credit to the original invoice

  • From the customers menu, choose receive payment.
  • Further, select the customer name used on the original invoice in the customer payment window.
  • The next step is to select the invoice you would like to apply for the credit.
  • Now, select discounts and credits then place a checkmark beside the credit amount.
  • Choose done tab.
  • And select save and close.

Steps for editing customer payment that was recorded incorrectly

The user can check the transaction history, so as to locate and edit the payment that was recorded as full payment when it was actually a partial payment.

  • The very initial step is locate the invoice with the incorrect payment amount applied.
  • The invoice will have a paid stamp on the screen.
  • From the reports tab, the user is requested to select the transaction history.
Transaction History - Screenshot
  • Further, on the transaction history invoice window, highlight the payment line and select go to tab.
  • Change the amount of the payment to amount received.
  • Choose the save and close tab.
  • The last step is to select yes when the recording transaction window appears with the following message “This payment has been used to pay invoices. Changing it will alter the way it is applied to those invoices. Do you want to change it anyway”?

Read this also: How to Merge Vendors in QuickBooks?

Final Words..!

By now, we believe that the above stated steps would have helped you in resolving common issues when applying a payment towards an invoice. If not, then do not hesitate in contacting our accounting professionals at 1-844-521-0490. Our QuickBooks enterprise support will ensure to come up with the most appropriate solution to help you out.

 

Other helpful posts:

How to Resolve QuickBooks Crash com error while Mailing Invoices?

Resolve Unrecoverable Error in QuickBooks Desktop

How to Adjust Payroll Liabilities in QuickBooks Desktop?

How to Adjust Payroll Liabilities in QuickBooks Desktop?

Want to learn the process to adjust payroll liabilities in QuickBooks desktop? This basically includes company contributions, employee additions, and deductions. When the payroll liabilities are wrong, then the user can use a liability adjustment to resolve them. It is suggested to adjust payroll liabilities only if the user has the understanding related to accounting or on the advice of the accountant.

The user can also find an accountant, if required. In case the user is having assisted payroll or QuickBooks online payroll, then contacting the professionals is suggested. It might be difficult for the user to adjust liabilities.

You may also like: How to Import Credit Card Transactions into QuickBooks?

Steps to adjust the payroll liabilities in QuickBooks desktop

In case the user is having basic, standard, or enhanced payroll, he/she can perform the below steps:

Before you follow the steps, the user should have a look at the following reasons to use a liability adjustment:

  • The user is required to fix a health insurance company contribution set up with the wrong tax tracking type
  • Another reason can be to change the amount for company contribution items like Health savings account or company match
  • Or in order to correct YTD wages, deductions, or additions for an employee who will not be getting further paychecks

Step 1: Finding payroll discrepancies

  • The user needs to first run a payroll checkup. This will help in looking for the problems that affect the liabilities. The tool will perform the following steps:
    • The tool will verify the current setup by scanning the payroll data for missing info and discrepancies
    • And then review employee records, payroll item setup, and wage and tax amounts
    • After that identify the tax amount discrepancies on flat rate tax. The tool will further cater suggestions on the processes to fix problem
  • The next step is to run a payroll summary report for the quarter you wish to adjust.

Step 2: The second step is to adjust payroll liabilities

  1. Herein, the user is required to move to the employees menu and then the payroll taxes and liabilities and also choose Adjust payroll liabilities option – Screenshot.
Adjust payroll liabilities option - Screenshot
  1. The user is then required to use these tips to help completing the fields
    • Also, using the same date as the last paycheck of the affected quarter is suggested. And also, the user should use today’s date if he/she is working on the current quarter
    • Moreover the effective date is used to calculate the amounts on the 940 and 941 forms, along with payroll liability balance report.

Check if the adjustment is for the company or an employee?

  • If yes, then select employee adjustment, if the item being adjusted is a company paid item. This updates the YTD info reported on the employee W2 form.
  • The user needs to select the company adjustment if he/she needs to remove the balance from the payroll liability balance report.
  1. After that select the employee.
  2. And complete the taxes and liabilities fields
    • Now, choose the item name that is to be adjusted
    • Further, entering the amount of the adjustment is recommended. The user needs to use a positive number to increase or negative to decrease the amount.
    • Also, the wage base is rarely required, even when the user needs to override a tax amount on the paycheck.
    • The user needs to use income subject to tax when making a wage base adjustment.
    • You can also make use of the memo field to enter a note about the adjustment for further reference.
  3. The user is then required to select accounts affected and hit ok tab
    • Choose the do not affect accounts, so as to leave balances unchanged for the liability and expense accounts. The adjustment will change the year to date amounts.
    • Now, select the affect liability and expense accounts to enter an adjusting transaction in the liability and expense accounts
  4. The last step is to repeat the steps for other employees in case you need to and hit OK tab.

Read this also: How to Fix QuickBooks Error Code 2107?

Step 3: Under this step the user should ensure that the liabilities are updated

The user needs to run the payroll summary report again to ensure everything looks right.

Step 4: Perform the steps to correct the payroll liability check

Under this step, the user would have to correct the liability check in QuickBooks.

  • The user should first move to the banking tab and select use register.
  • After that select the register used for payroll and hit ok tab
  • The next step is to right click the liability check and choose edit liability check
  • Now, move to the payroll liabilities and update them to match the changes
  • End the process by selecting save and close and hit yes tab.

See Also: How to Combine the QuickBooks Desktop Company files?

Final Words..!

By the end of this article, we believe that the steps discussed above might be enough adjust payroll liabilities in QuickBooks desktop. However, if you need any sort of assistance, or if you are unable to adjust the payroll liabilities in QuickBooks desktop successfully, then contact our QuickBooks enterprise customer support team professionals using our support number i.e. 1(844)521-0490. Our team will ensure to provide you with immediate technical assistance.

 

More Interesting Reads

How to Create Automated Payment Reminders for Invoices and Statements?

Send Payroll and Direct Deposit Paychecks in QuickBooks Desktop Payroll

How to Create Automated Payment Reminders for Invoices and Statements?

How to Create Automated Payment Reminders for Invoices and Statements?

Looking for the process to create automated payment reminders for invoices and statements in QuickBooks desktop? Well, in QuickBooks desktop you can make use of the payment reminders to schedule statements for customers or let them know when they have invoices, they still need to pay you for. After setting up the payment reminders, the software will permit the user to know when he/she is having statements or invoices available to send. And then, can review and approve them before they are sent. The most important point to note before heading forward is to send payment reminder in QuickBooks online and QuickBooks online advanced.

If you are interested in knowing the process to create automated payment reminders for invoices and statements, then read this article till the end, or contact our team professionals at 1(844)521-0490. Our experts will ensure to provide you with instant support services.

You may see also: How to Transfer QuickBooks to New Computer?

Steps for setting up payment reminders

To turn on automated payment reminders for invoices and statements, perform the steps below:

  • The first step is to move to the edit menu and select preferences.
Preferences - New Screenshot
  • And then choose the payments tab, also select the company preferences.
Company Preferences New - Screenshot
  • Select yes, from Do you want to send payment reminders.
  • And later on, set the time and frequency that you would like to be reminded to review and approve reminders.
  • Choose ok tab and select finish tab.

Steps for automating statements using payment reminders

After you have turned on the payment, you will have to create a schedule for when you email the customer statements. You can also set up multiple statement schedules and messages for different mailing lists. This can be done as follows:

  • You are first required to move to customers menu and choose payment reminders
  • Choose the schedule payment reminders.
schedule payment reminders - Screenshot
  • For adding a new statement schedule, choose new schedule and select statement and give the reminder a name by selecting new schedule
  • From the select customer group, choose add new
  • Also, add a name and description for the customer group and choose next tab
Customer Groups feature - Screenshot
  • The next step is to select the field, operator, and value to define a criterion for creating this customer group.
  • After that, review the customers that you want to add to the group and select finish tab
  • From the new list, choose add reminder
  • Also, customize the reminder with the statement date, statement period, or if the statement is overdue, and the invoice details.

The last step is to select the statement and email design templates and choose OK tab.

Steps to schedule payment reminders for invoices

You can create reminder that automated sending invoices with the help of the payment reminders. The steps to be followed here are:

  • The first step is to move to the customers menu and choose payment reminders
  • Select schedule payment reminders.
schedule payment reminders - Screenshot
  • Add a new payment reminder and select new schedule and give the reminder the name by selecting new schedule
  • The next step is to go for the select customer group dropdown and click on add new
  • Add a name for the mailing list and hit next
  • Choose the customers you would like to add to the list and select save
  • From the new list, choose add reminder
  • From when do you want to send this reminder, select the days before or after the due date to send the reminder
  • Update the message to match the business and to add a new field to populate, choose the insert field dropdown
  • The last step is to select ok when done.

Also Read: Resolve QuickBooks Unable To Export to Excel Error

Steps for reviewing and sending reminders

When you are working in QuickBooks, you will receive a prompt to review and send the statements or invoices. You can go for the below options:

  • Close: This will close the prompt
  • Send now: This will send the day’s schedule reminders
  • Review and send: This will allow you to review and send reminders

In case you want to review the payment reminders, then carry out the steps below:

  • At first, move to the customers menu and select payment reminders
  • Select review and send payment reminders
  • Also choose the payment reminders you want to review and send
  • Select send now after you have reviewed them

Steps to track payment reminders

For tracking the payment reminders, you have sent, perform the steps below:

  • Move to the customers menu and select customer center
Customer center in QuickBooks desktop - Screenshot
  • Select the customer and select the sent email tab

The user can look for the details of the payment reminder on the invoice by selecting see history.

Read Also: How to Crack QuickBooks Desktop Admin Password?

Final Note!

Till the end you might be well versed with the steps to create automated payment reminders for invoices and statements. However, if you are still unable to create the reminders even after performing the steps above, then contact our team professionals right away at 1(844)521-0490. Our QuickBooks enterprise support team professionals will ensure to provide you with immediate technical assistance.

 

Other resources:

How to Correct Banking Error 323 in QuickBooks Online?

How to Set up QuickBooks Workforce for your QuickBooks Desktop?

How to Set up QuickBooks Desktop on a Mac using Parallels?

How to Import Credit Card Transactions into QuickBooks?

How to Import Credit Card Transactions into QuickBooks?

Planning to import your credit card transactions into QuickBooks? If yes, then your search ends over here, this article is written with an intent to provide the best possible information related to importing credit card transactions into QuickBooks online. QuickBooks has introduced great feature of importing credit card transactions, that saves a lot of time and effort. This also helps in managing the finances and budget. In this article, you will also learn the process to import the credit card transactions using QuickBooks online file or excel and csv file.

You can read this article carefully to learn the process. Once you download the transactions, you can quickly manage the transactions. Or you can also contact our team professionals, in case you don’t want to perform the steps for importing transactions manually.

Read Also: Configure firewall while for multi-user mode in QuickBooks

Important points to remember

There are certain points that you should take into consideration, which include:

  • For importing the transactions into QuickBooks online, you would have to enter the credits manually.
  • Also, in case you wish to download transactions of more than 90 days, then you would have to import transactions in excel format.
  • Another point can be that you have to add a column for QuickBooks account number when downloading a file from the credit card company. In case you an account number already, then provide the lowest sub account number.
  • Also, there is a pay column in the file that gets downloaded from the credit card company having extra details. This can be molded according to the needs to match it with the vendor name.

Steps for importing credit card transactions in QuickBooks online

One can perform the below steps to import credit card transactions successfully:

Step 1: Choose the banking center

Choose the banking center - Screenshot
  • Herein, you are required to enter the bank/credit card name in the search bar.
  • And then select the bank/credit card company from the list.
  • In case you couldn’t find the credit card company or you wish to download 90 days transaction, then you would have to do it with the help of CSV format.

Step 2: Logging in to the business and credit card account

Logging in to the business and credit card account - Screenshot

You would have to use the login credentials, like the ID and password. This might take a couple of minutes to connect with the bank with QuickBooks.

Step 3: Selecting the credit card account

Selecting the credit card account - Screenshot
  • One can tick mark each of the account that he/she wishes to connect with the software.
  • And then, enter the bank account name.
  • Further select the QuickBooks account where you have linked the bank account.
  • In case you are unable to look for it, then add an account from the drop-down list.
Selecting the credit card account 1 - Screenshot

Read Also: How to Reconcile an Account in QuickBooks Desktop?

Step 4: Choose the right date range

Choose the right date range - Screenshot
  • Herein, the transactions will download in 90 days. If you want the transactions of more than that, then download it using the CSV format.
  • Or if you want the transactions for a shorter date range, then click on the link “need a shorter date range”.

Step 5: And then click on the connect tab

  • Under this, click on the connect tab and download all the transactions in QuickBooks.

The point to be noted here is that there is no undo option once the transactions are downloaded. Thus, make sure that you choose the correct account as later on you would have to delete all the transactions and download them again.

Step 6: In this step, the transactions will get downloaded

  • After the transactions are downloaded successfully, you will see a message that states “We successfully downloaded the transactions.”

Step 7: The last step is to review the downloaded transactions

  • Under this, you would have to check credit card and balance in the banking center.
  • And in case the user wishes to track another credit card account, then he would be required to click on add account.
Review the downloaded transactions - Screenshot

Also Read: Import and Export QuickBooks Data with MS Excel Files in QuickBooks

Steps for importing credit card transactions into QuickBooks online with csv file

Step 1: This can be done by simply selecting the transactions and banking.

Step 2: After that, uploading the file or transaction and click on upload a file/file upload option.

Select the Transfer File to Upload in QuickBooks - Screenshot

Step 3: The next step is to select the QuickBooks account to link with credit card account.

Select a QuickBooks Account - Screenshot

Step 4: And then, you can also add account from the drop down list, in case you don’t have an account in QuickBooks.

Step 5: Once done with that, fill up the needed fields to set up the account.

Step 6: After you have entered all the details, you are required to map QuickBooks online fields to bank account fields.

Map Columns to QuickBooks Fields - Screenshot

Step 7: Now, perform the steps to map QuickBooks online.

  • Choose the date column and select the date format.
  • Now, move to the description and click on the file.
  • You will get the positive and negative number in single column.
  • You then have to select the column with a negative number.
Map Columns to QuickBooks Fields - Screenshot 1

Step 8: After that tick the transaction that you wish to import in QuickBooks and choose next.

Step 9: Also, the software will confirm the transaction.

Step 10: Click on yes to confirm.

Step 11: And lastly, the transaction will get downloaded.

See Also: How to create and delete budget in QuickBooks desktop?

Conclusion

Tried the above steps and still unable to successfully import credit card transactions into QuickBooks? Well, we have a solution for that as well, you can contact our QuickBooks enterprise technical support team for any sort of technical assistance. Give us a call at our customer support number i.e. 1(844)521-0490, and let our team of professionals handle the situation for you.

 

You may also like:

How to create Proforma Invoice in QuickBooks?

How to Reset Password for QuickBooks Admin and other users?

Alert: content is protected !!