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davis-gtengineer
April 29, 2024
Question

Removing spaces from starling account

  • April 29, 2024
  • 1 reply
  • 0 views

Hello I have recently started using spaces to help manage my bank account but don’t want it showing up as transactions in QB.

is there a way to modify the current settings or do I need to disconnect the two and start again?

if I disconnect will I loose any transactions or info

 

many thanks

1 reply

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ShyMae
April 29, 2024

Warm welcome, davis-gtengineer. 

 

For us to ensure that we provide you with the most accurate and relevant advice, could you please tell us what you mean by spaces? Are you trying to remove spaces in your bank account details or transactions? 

 

With that additional context, we'll be able to understand your situation better and offer you the best possible solution.

 

Please let us know through the reply button. We'll get back to you as soon as we have more information. 

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davis-gtengineerAuthor
May 8, 2024

Spaces are a tool within Starling bank accounts that allow you to pidgeon hole money into 'sub' accounts so that it cant be accidentally withdrawn upon (e.g. putting funds aside for tax). The money is still in the one account but your actual balance is adusted accordingly when you move money into spaces, so the balance is lowered and this 'transaction' shows up in quickbooks. I dont want it ahowing up in quickbooks.

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RCV
May 8, 2024

Thanks for coming back and providing us an in-depth details about the Spaces tool within Starling bank accounts, davis-gtengineer.

 

We use Starling Spaces to allocate funds for different financial purposes. This allows you to easily track your progress toward each goal and manage your finances. Also, a unique way to save funds towards specific goals is by allocating money into different “Spaces” (similar to “pots”) of savings, which are separated from the main account balance.

 

If you need to switch from Starling Bank feed to Starling Bank without Spaces, your suggestion is right. We need to disconnect your current Starling Bank account. Then, we can select the Starling Bank (without spaces) option when reconnecting. This option does not include any transaction movement (round-ups or manual transfers) and is a great option if you want to keep your finances separate (but don't need the extra functions that come with Spaces). To learn more about this one, you can check out this article: Linking your Starling Bank account to QuickBooks Online.

 

In addition, learn how you can reconcile your account to ensure that the actual amount of money spent matches the amount shown leaving an account at the end of a fiscal period. You can refer to this article for additional information: Reconcile An Account In QuickBooks Online.

 

Don't hesitate to reach us in the Community if you have further concerns about spaces or any online banking-related concerns. We'll be here to assist you every step of the way. You have a good one.

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