and now we will learn how to set up bank feeds with the QuickBooks online app the bank feeds with
QuickBooks Online app must be set up by logging in with the computer I strongly suggest you watch
the bank feed videos that I made for QuickBooks Online and QuickBooks desktop because this is a
basically a repeat of the setup for online bank feeds you cannot use web connect files with the
app you can use them with the QuickBooks Online logging in through a computer and you can use it
with the desktop version but with the app you just have to accept whatever happens to come
in to your QuickBooks Online account to set up bank feeds click banking in the top left of the
side menu now you get a list of participating banks that offer the bank feeds for free in my
example I'm using Chase Bank now I'm going to put in my username and password that I set up
as read-only specifically for this video prove I'm not a robot and click where it's telling me
to click so that I can get through the security ok I guess that's ok I guess under the tiny bit
of helicopter over here ok verify right now that I verified that I'm not a robot I'll click sign-in
and most banks have it similar to chase where you verify your identity now I'm going to get a little
text e on my phone that I'm going to send so they really want to make sure you're not a robot and
they really want to make sure that you are you so I will then put in this one time code which
is let's say four to seven eight four seven seven four to seven eight four seven seven well I got a
really type it in though for two seven eight four seven seven okay now don't type in my code type in
the code that your bank sends you now that they know it's me they're going to allow me to set up
the bank fees okay well please sign in again to complete your connection with Chase you have to
sign in and accept the terms and conditions so I will click continue after pausing the video
to sign in now once I'm connected Chase gives me a list of bank accounts and credit card accounts
that I have with Chase and I have to choose for each one the associated account in our quickbooks
online example account so business checking thirty five sixty five well that should match business
checking thirty five sixty five so this is in my chart of accounts and I'm telling Chase this one
in my chart of accounts goes with this account now where's my premier checking premier checking 8205
will be matched with plus checking 8205 so these are the two bank accounts that we are pretending
are the business bank accounts that we're going to use for our Chase armed bank feeds which will
feed both into the chase account and the app when I click connect we wait a little bit and again
everything I'm showing now is repeated in the bank feeds course which shows everything about
desktop bank feeds as well as every possible situation and challenge with online bank feeds
okay now let's review the transactions when you click the review transactions come into
the review Center in the banking menu in the top left and if you were doing this from a
computer you would go one by one and you would either add or match or exclude any
of the transactions that have been downloaded by the bank but we will do that with the phone
app instead now let's go to the phone and see what the app looks like after it has
a moment or two to reconnect to QuickBooks Online after you activated the bank feeds
so be patient give it a couple of minutes for update maybe even turn it off and boot it up
again and wait and then your app will update and you will have the bank feeds in your phone