How Do I Link Upload Bank Transaction to Bill in Quickbooks

How to Import Banking concern Transactions into QuickBooks Desktop?

Modified on: Monday, xxx Nov, 2020 at half-dozen:forty AM

I mport Bank Transactions into QuickBooks Desktop

Import Bank Statements from Supported File Formats directly into QuickBooks Desktop using SaasAnt Transactions (Desktop) - #1 user rated and Intuit trusted bulk data automation tool built exclusively for QuickBooks.

SaasAnt Transactions (Desktop)  supports  QuickBooks Pro, Premier, Enterprise, and Accountant Editions.

Y'all can download the complimentary trial of the software straight from the SaasAnt Website. Follow this article for detailed installation teaching.

Steps for Importing Bank Transactions to QuickBooks Desktop

Importing with SaasAnt Transaction is a breeze with our simplified and powerful Import magician. Just follow a simple three step process to bulk import your file data to QuickBooks. You can easily import banking concern transactions into QuickBooks desktop from excel.

Click the Import button in the Dashboard screen or Import option from the File menu in the menubar to navigate to the File Selection screen of the Import Sorcerer(Stride 1).

• Pace 1 - File Option: Select "QuickBooks Transaction Blazon" as "Banking concern Argument". "Select Your File" - You 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.
• Step 2 - Mapping:Fix the mapping of the file columns corresponding to QuickBooks fields. This pace will be automated for yous if y'all use the SaasAnt template file. Download Sample Template file.
• Step 3 - Review & Import: Review your file data in the Review Grid screen and click "Send to QuickBooks" to upload your file data to QuickBooks.

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

How does information technology work?

Let's assume that we have a file which contains following bank argument.

Date	Clarification	Check No	Corporeality
23/12/18	Subscription payment	12123733	100
23/12/18	Phone Bill Payment	2121221 1	-900

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

1. Banking company Account

2. Income Accounts

three.Expense Accounts

4.Customer or Vendor Names

Allow's change the file to add above details.

Date	Description	Check No	Corporeality	Bank Business relationship	Account	Payee
23/12/eighteen	Subscription payment	12123733	100	HDFC	Uncatergorized Income Account	John
23/12/18	Telephone Neb Payment	2121221 one	-900	HDFC	Telephone Expense Account	Telephone Company one

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

• If the transaction has POSITIVE Corporeality, it will exist considered every bit Deposit.
• If the transaction has NEGATIVE Amount, it will exist considered as Expense/ Cheque.

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

Bank Statement Line as Eolith

Banking company Statement Line as Check

Mapping QuickBooks Fields

Field Name	Format	Description
Date *	Date	The engagement when this transaction occurred.
Depository financial institution Business relationship *	Reference Text	Name of the Bank /  Cash Account for this transaction. Name or Account Number can be given.
Cheque Number	Text (Max Length: 11 Characters)	Check Number or Reference number for the transaction.
Description	Text (Max Length: 4095 Characters)	The Description about the Expense or Deposit Transaction.
Payee *	Reference Text	Reference to Vendor,Employee or Customer. Proper name , Account Number or Custom Field Value tin can exist given.
Business relationship *	Reference Text	Reference to the Expense Business relationship Name or Income Account Name associated with the transaction. Proper name or Account Number can exist given.
Amount *	Decimal	The corporeality of the transaction. POSITIVE Amount will be considered as Eolith Amount NEGATIVE Amount will be considered as Expense/ Check
Withdrawal * *	Decimal	Expense Corporeality
Deposit * *	Decimal	Sale Income Amount
Class	Reference Text
Client	Reference Text	Customer name associated with this deposit.
Memo	Text (Max Length: 4095 Characters)
Billable Status	Boolean ( True/Faux)
Currency	Currency Code	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 3: Review & Import screen or direct under "Edit" Menu in the menubar. Some of the very useful settings for transaction includes:

• Pre-Import Validation: Validate the complete file before importing to QuickBooks. By turning this setting ON, file rows will be imported only after cleaning up all the issues in file. This option however volition delay the import.

More details about the settings related to Automated creation of Items, Assigning reference number from the file, etc are bachelor in this article.

FAQ's

Most of united states of america would have some questions while moving data to your QuickBooks Online. Some of them for your reference below:

• I want to import Bank Argument with Bank check Numbers from File. Is it supported?

            Yes. It is supported.

• Will your application support Multi Line Transactions?

            Yes. It will.

• I made some mistakes in the Import and my QuickBooks reports got corrupted. Is there any style to undo or revert my Import?

            It is possible to undo the import completely/ partially with the Delete feature.

• Does your app support taxes?

            Yes. It does.

• My file has some specific date format. I don't want to alter the file. Volition your product support all date formats?

            Yes. You tin can select the specific appointment format as per your requirement in the import settings.

• Practise you have whatsoever sample templates?

            Yes. We do accept. Sample Template

• What are the file types supported past your application?

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

• How do I report the problems if I am stuck?
  Feel costless to drop an email to support@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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