Can I Upload My Banks Statments to Quickbooks

How to Import Bank Transactions into QuickBooks Desktop?

Modified on: Mon, 30 November, 2020 at half dozen:40 AM

I mport Bank Transactions into QuickBooks Desktop

Import Bank Statements from Supported File Formats direct 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.

Yous tin download the free trial of the software direct from the SaasAnt Website. Follow this article for detailed installation instruction.

Steps for Importing Bank Transactions to QuickBooks Desktop

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

Click the Import push button in the Dashboard screen or Import option from the File bill of fare in the menubar to navigate to the File Pick screen of the Import Wizard(Footstep i).

• Step one - File Option: Select "QuickBooks Transaction Type" as "Bank Argument". "Select Your File" - Y'all 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.
• Pace 2 - Mapping:Set the mapping of the file columns corresponding to QuickBooks fields. This step will exist automated for you if you utilize the SaasAnt template file. Download Sample Template file.
• Step iii - Review & Import: Review your file data in the Review Filigree screen and click "Transport to QuickBooks" to upload your file data to QuickBooks.

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

How does it work?

Let'southward assume that we accept a file which contains post-obit bank argument.

Date	Clarification	Bank check No	Corporeality
23/12/eighteen	Subscription payment	12123733	100
23/12/18	Phone Bill Payment	2121221 i	-900

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

1. Bank Account

2. Income Accounts

three.Expense Accounts

4.Customer or Vendor Names

Permit'due south alter the file to add higher up details.

Appointment	Description	Cheque No	Amount	Bank Account	Account	Payee
23/12/18	Subscription payment	12123733	100	HDFC	Uncatergorized Income Account	John
23/12/18	Phone Pecker Payment	2121221 1	-900	HDFC	Telephone Expense Account	Telephone Visitor 1

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

• If the transaction has POSITIVE Corporeality, information technology will be considered as Eolith.
• If the transaction has NEGATIVE Corporeality, it will be considered as Expense/ Cheque.

If the file has separate columns for Credit and Debit, Information technology can be be directly mapped besides.

Depository financial institution Statement Line every bit Deposit

Bank Statement Line equally Bank check

Mapping QuickBooks Fields

Field Name	Format	Clarification
Appointment *	Appointment	The appointment when this transaction occurred.
Banking concern Account *	Reference Text	Name of the Bank /  Cash Account for this transaction. Name or Business relationship Number tin can be given.
Cheque Number	Text (Max Length: eleven Characters)	Cheque Number or Reference number for the transaction.
Description	Text (Max Length: 4095 Characters)	The Clarification about the Expense or Deposit 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 Proper noun or Income Account Proper noun associated with the transaction. Proper name or Business relationship Number can exist given.
Corporeality *	Decimal	The amount of the transaction. POSITIVE Amount will exist considered as Deposit Amount NEGATIVE Corporeality will exist considered as Expense/ Bank check
Withdrawal * *	Decimal	Expense Corporeality
Eolith * *	Decimal	Auction Income Corporeality
Class	Reference Text
Client	Reference Text	Customer name associated with this deposit.
Memo	Text (Max Length: 4095 Characters)
Billable Status	Boolean ( TRUE/Fake)
Currency	Currency Lawmaking	3 Letter Currency Code Ex: USD,EUR
Exchange 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 three: Review & Import screen or directly under "Edit" Bill of fare in the menubar. Some of the very useful settings for transaction includes:

• Pre-Import Validation: Validate the complete file earlier importing to QuickBooks. By turning this setting ON, file rows will exist imported only after cleaning upwardly all the problems in file. This option however will delay the import.

More details about the settings related to Automatic cosmos 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 Argument with Check Numbers from File. Is it supported?

            Yeah. Information technology 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 there 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 change the file. Will your product support all appointment formats?

            Yeah. You tin can select the specific date format as per your requirement in the import settings.

• Exercise y'all have whatsoever sample templates?

            Yes. We do accept. Sample Template

• What are the file types supported by your application?

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

• How do I report the issues if I am stuck?
  Feel free to drop an email to back up@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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