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QBO Video Training

Banking Center and Reconciling Course


Course
Alicia Pollock

One of the best features in QuickBooks® Online is the ability to connect your bank accounts and credit cards. The Banking feed allows you to pull in your transactions and classify them automatically, instead of entering everything in by hand. We’ll also show you how to reconcile your accounts at the end of the month so that you can have confidence in your numbers.

Course Description 

Eliminate manual data entry! In this tutorial on QuickBooks® Online Banking, we’ll show you how to add a bank account to QuickBooks, import and match transactions, categorize your expenses, and attach receipts. After you itemize your deductions, do a bank reconciliation.

 

One of the best features in QuickBooks®Online is the ability to connect your bank accounts and credit cards. The Banking Feed allows you to pull in your transactions and classify them automatically, instead of entering everything in by hand. Automation features like Rules do some the work for you. The new Receipt Capture will even scan your paper receipts and attach them to your expenses.

 

But…the Banking feed has some interesting quirks you need to know about. If you use it right, you can reduce your data entry to almost nothing...but if you use it wrong, you double your income and code your expenses wrong.

 

Once you’re up to date, we’ll also show you how to do bank reconciliations to reconcile your accounts at the end of the month so that you can have confidence in your reports.

Instructional Level

Beginner through Advanced 

Course Length

2 hours 

Course Credits

2 CPE, Certificate of Completion

Pre-requisites 

  • None.

Who should take this class?

  • Business owners and employees who maintain their company’s financial records.
  • Bookkeepers and Accountants who wish to brush up on their skills.

What You’ll Learn 

  • How to connect your bank accounts to your QuickBooks®.
  • How to import new transactions as they clear the bank.
  • How to import previous transaction history.
  • How to classify transactions through the Bank Feed to save time on manual data entry.
  • Which transactions you should NOT import automatically.
  • Workarounds for bank feed issues.
  • Why you should reconcile even if you’re importing.
  • How to reconcile your bank account transactions with your monthly bank statement.
  • Tips and tricks while reconciling that will save time and frustration.

 

Here is the course outline:

1. Download the Handout

Download the handout that goes with the course.

Download the handout here

2. Watch the Videos: The QBO Banking Feed

One of the best features in QuickBooks Online is the ability to connect your bank accounts and credit cards. The Banking feed allows you to pull in your transactions and classify them automatically, instead of entering everything in by hand. Automation features like Rules do some the work for you. But…the Banking feed has some interesting quirks you need to know about.

Using the QBO Banking Feed
Banking Rules
Troubleshooting the Banking feed
Reconciling Your Accounts
Corporate Credit Cards
Receipt Capture

3. Take the Quizzes

Take this quiz to demonstrate your mastery of the material. Pass the quiz with an 80% or higher to complete the Course, earn your Certificate, and win points!

Banking Feed Quiz Completion requirement
Reconciling Quiz Completion requirement

Completion

The following certificates are awarded when the course is completed:

Royalwise Credit Certificate
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