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Live Classes and Webinars

Banking Center and Reconciling Class


Course
Alicia Pollock

This QuickBooks Online Banking tutorial shows how to add bank accounts, import transactions, categorize expenses, attach receipts, and do bank reconciliations.

Class 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. The Banking Center is one of my favorite topics because 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 

Class Length

2 hours 

Class 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 wile reconciling that will save time and frustration

What should you bring?

  • A pen. No computer is necessary.

 

Watch it again later

A recording of the webinar will be added to this course in two weeks so you can review it at your convenience.

 

Can't make this class?

Click here to watch the videos right now!

Here is the course outline:

1. Where to take the class

Saturday, September 14, 10:30am - 12:30pm PST. Click the links below for instructions.

Please let us know how you will be attending!
How to connect to the Zoom webinar
Where to attend in person

2. Download the Handout

Download the handout that goes with the course.

Download the handout here

3. 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
Bonus: Corporate Credit Cards

4. Take the Quiz

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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