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B41
January 23, 2019
Question

Managing transactions

  • January 23, 2019
  • 1 reply
  • 0 views

Hi guys,

I am wondering about the connecting the bank account to my business, is that something i need to do? or can i just add expenses and payments myself. I just want to know if this is something i should be doing now in order for my first set of accounts to be done correctly?

    1 reply

    E
    EmmaM
    January 23, 2019


    Hello B41,

     

    Thank you for your post and welcome to the Community.

     

    If you are using Quickbooks Online you can connect your bank account or just upload expenses and payments in yourself, this is down to personal preference on how you would like to run your account.

     

    Could I ask which bank account it is and we can see what options are best for you?

     

    Kind regards

     

    Emma

    B
    B41Author
    January 23, 2019

    Hi I have a Santander business bank account.

     

    i would prefer to manage it myself, I just don’t want it to effect my accounts. Also does quickbooks automatically send my accounts and corporation tax information when they require it?

    E
    EmmaM
    January 23, 2019

    Hello B41,

     

    If you would like to manage your accounts manually then you can do so, that is fine. If you do need any help with this just let us know, we'll be happy to help.

    With the banking feature its just an add on to make reconciliation a little easier by helping you reconcile as you go.

     

    Quickbooks Online does not support corporation tax at this time. By accounts do you mean your VAT returns, what is it that you are referring to?

     

    Thank you

     

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