upload all transactions from bank account quickbooks

How to Import Banking company Transactions into QuickBooks Desktop?

Modified on: Mon, 30 Nov, 2022 at 6:xl AM

I mport Banking concern Transactions into QuickBooks Desktop

Import Banking company Statements from Supported File Formats directly into QuickBooks Desktop using SaasAnt Transactions (Desktop) - #one user rated and Intuit trusted majority data automation tool built exclusively for QuickBooks.

SaasAnt Transactions (Desktop)  supports  QuickBooks Pro, Premier, Enterprise, and Accountant Editions.

You can download the free trial of the software directly from the SaasAnt Website. Follow this article for detailed installation didactics.

Steps for Importing Bank Transactions to QuickBooks Desktop

Importing with SaasAnt Transaction is a breeze with our simplified and powerful Import wizard. Just follow a simple 3 step process to bulk import your file data to QuickBooks. You tin can easily import bank transactions into QuickBooks desktop from excel.

Click the Import push in the Dashboard screen or Import pick from the File carte in the menubar to navigate to the File Choice screen of the Import Magician(Step one).

• Step 1 - File Option: Select "QuickBooks Transaction Type" as "Bank Argument". "Select Your File" - You tin can either click "Browse File" to browse and select the file from the local computer folder or click "Sample Templates" to navigate to SaasAnt sample file locally.
• Footstep two - Mapping:Ready the mapping of the file columns corresponding to QuickBooks fields. This pace will exist automated for you if yous use the SaasAnt template file. Download Sample Template file.
• Step 3 - Review & Import: Review your file data in the Review Filigree screen and click "Send to QuickBooks" to upload your file data to QuickBooks.

More detailed instructions on the steps are available in this article.

How does information technology piece of work?

Let'south assume that we have a file which contains following banking company statement.

Date	Description	Cheque No	Amount
23/12/18	Subscription payment	12123733	100
23/12/eighteen	Telephone Bill Payment	2121221 i	-900

Bank statement has deposits and Expenses.To import Deposits and Expenses (Checks),we demand to mention

1. Bank Account

two. Income Accounts

3.Expense Accounts

iv.Client or Vendor Names

Let's alter the file to add together above details.

Engagement	Description	Check No	Amount	Depository financial institution Account	Account	Payee
23/12/18	Subscription payment	12123733	100	HDFC	Uncatergorized Income Account	John
23/12/eighteen	Telephone Bill Payment	2121221 1	-900	HDFC	Phone Expense Account	Telephone Company 1

Now we tin can import this file using SaasAnt Transactions (Desktop).

• If the transaction has POSITIVE Amount, information technology will be considered every bit Eolith.
• If the transaction has NEGATIVE Amount, information technology will exist considered as Expense/ Check.

If the file has split up columns for Credit and Debit, It can be be directly mapped too.

Bank Statement Line every bit Deposit

Bank Statement Line as Cheque

Mapping QuickBooks Fields

Field Name	Format	Description
Engagement *	Date	The date when this transaction occurred.
Bank Account *	Reference Text	Proper name of the Depository financial institution /  Cash Account for this transaction. Proper name or Account Number can be given.
Check Number	Text (Max Length: 11 Characters)	Check Number or Reference number for the transaction.
Description	Text (Max Length: 4095 Characters)	The Description about the Expense or Eolith Transaction.
Payee *	Reference Text	Reference to Vendor,Employee or Customer. Name , Account Number or Custom Field Value can exist given.
Account *	Reference Text	Reference to the Expense Account Name or Income Account Proper name associated with the transaction. Name or Account Number can be given.
Amount *	Decimal	The amount of the transaction. POSITIVE Amount will be considered as Deposit Corporeality NEGATIVE Amount volition exist considered as Expense/ Bank check
Withdrawal * *	Decimal	Expense Amount
Deposit * *	Decimal	Sale Income Corporeality
Class	Reference Text
Customer	Reference Text	Customer proper noun associated with this eolith.
Memo	Text (Max Length: 4095 Characters)
Billable Condition	Boolean ( TRUE/FALSE)
Currency	Currency Code	3 Letter of the alphabet Currency Code Ex: USD,EUR
Substitution Rate	Decimal

All (*) marked fields are mandatory.

Import Settings

A host of powerful customisations for your file data is available with Import Settings. This is available in the  Step 3: Review & Import screen or direct under "Edit" Carte in the menubar. Some of the very useful settings for transaction includes:

• Pre-Import Validation: Validate the complete file before importing to QuickBooks. By turning this setting ON, file rows will be imported only after cleaning upwardly all the issues in file. This option all the same volition delay the import.

More details well-nigh the settings related to Automatic creation of Items, Assigning reference number from the file, etc are available in this article.

FAQ's

Most of us would have some questions while moving data to your QuickBooks Online. Some of them for your reference below:

• I desire to import Bank Statement with Cheque Numbers from File. Is it supported?

            Yeah. It is supported.

• Will your awarding support Multi Line Transactions?

            Yes. It will.

• I made some mistakes in the Import and my QuickBooks reports got corrupted. Is at that place any way to undo or revert my Import?

            It is possible to disengage the import completely/ partially with the Delete feature.

• Does your app back up taxes?

            Yes. It does.

• My file has some specific date format. I don't want to alter the file. Will your product support all date formats?

            Yes. You tin can select the specific date format every bit per your requirement in the import settings.

• Do you have whatsoever sample templates?

            Yes. We do have. Sample Template

• What are the file types supported by your application?

            TXT, CSV, XLS, XLSX etc. Supported File Formats

• How do I study the issues if I am stuck?
  Feel complimentary to drop an e-mail to support@saasant.com

SaasAnt Transactions (Desktop)

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Source: https://support.saasant.com/support/solutions/articles/14000096933--how-to-import-bank-transactions-into-quickbooks-desktop-

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