welcome to our video course about QuickBooks Online in this video we'll learn how to set up
bank feeds for QuickBooks Online to set up bank feeds and QuickBooks Online you barely
have to do anything all you have to do is click banking from the left panel type in the name of
your bank if it's not already there on the list double click to choose it put in your username
and password and then it will ask you to match the accounts that are online to the in your quickbooks
online account to the accounts that are in your online banking that's all you have to do and it
barely takes a minute watch here we are at the test video company here in the quickbooks online
account so again from the left panel click banking and if you first created your company you'll see
a list of financial institutions that you can double click on if yours is not here you can
type it into the search bar it just so happens that I will be using Chase Bank and PayPal as
the example financial institutions to set up the bank feeds I'm going to start with
Chase I'm going to double click and then all the computer is asking me for is my chase ID which is
computation and then the password that I had set up before click the button to prove you're not
a robot and then of course you know images with roads I guess you know you have to go past your
bank security features this has a road this has a road this has a road I guess that counts as a
road so you got to click past these features and click verify please also check the new images ok
now we have to do it again here's a road here's a road I guess that's a road you know you just have
to click past your bank security features click verify street signs boy they really really want
you to be sure okay Wow they really really want to make sure that it's you and not a robot so now
that we got past that boy Chase has some very tough security we log in to chase through our
QuickBooks Online your bank might have different security features that you have to get through
in fact they're even going to text me boy they never really stopped with the security features
and I guess we click we come here and of course they have text me my temporary identification
code let me take a look and after typing in the code we click and we finally made it past all the
crazy security that Chase makes us do and now we get to match the accounts that are in your
online banking to the accounts that are in your QuickBooks Online Premium Plus checking is going
to be chase personal and business checking will be chase business and I think that's it for Chase
and I'll click connect now after we click connect it should only take a few seconds really for all
of the transactions going as far back as Chase will allow to be downloaded in to my QuickBooks
Online account now it allows you to click this green button to review the transactions that
have come in now I suggest you do not click let's do it I suggest you click this little text here
I'm a pro skip this if you click let's do it you have to go through everything one at a time and
you can only see it one transaction at a time on your screen but if you click I'm a pro let's
skip this here you get right to the review list and this is the list that you'll be working with
where it says chase personal these are all the transactions that have downloaded actually yet all
the transactions that have downloaded in the chase personal account if you click here and you flip it
to chase business then all of the transactions that downloaded from the business bank account
will show up here now it's very easy to navigate this review list but remember these transactions
are not yet in your QuickBooks records you have to review them and then decide if you want to
add match or exclude them add means you record it into your QuickBooks record than it actually
affects your financial reports match means you're going to tell QuickBooks that this transaction has
already been entered into QuickBooks manually and it will therefore exclude it from the review list
and from QuickBooks or you can click exclude now remember clicking match and clicking exclude do
the same thing all that happens is that it gets removed from the review list but if you click
exclude it puts it on a separate list a list of items that were excluded and that list will
be permanent until you delete the items from the exclude list so look if we come here we scroll up
and down so how do you make those choices for each of these transactions well just click anywhere
in the line so we're doing this bank account and we're reviewing each of these transactions
click anywhere in the line and then the blue bar will open up under the transaction that's where
you have a choice of adding it matching it to an existing transaction okay if you click match you
would get a list of available matches he that you could match it to and that video is coming soon
and we'll talk all about matching and unmatching transactions if you choose to match if you choose
find a match if you click transfer it assumes that you're transferring the money to another
bank or equity type of account which does happen so these are your three choices and they're based
on the text in this description field that comes from the bank and if you don't want to work with
this transaction you click the X to close it out you can pick another one click here the blue bar
opens under the transaction where you have a choice to add it find a match which again the
available possible matches would show up here and we'll talk about that in a future video or
transfer it to another bank account or bank or equity type of account you can scroll all the
way up and down to see all of the transactions that have been downloaded and you have to go
through these one by one remember just because the bank recorded them it doesn't mean it's correct