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February 27, 2021
Question

Can a Vemo Account be linked?

  • February 27, 2021
  • 6 replies
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Original commenter did not share additional details

6 replies

February 27, 2021

Hey there, @mthann.

 

Yes, you can link your Venmo account to QuickBooks Online (QBO). Let me show you how:

 

  1. Go to the Banking menu or Transactions menu.
  2. Select the Banking tab and click Connect Account on the landing page. Or select Add account if you've already connected a different banking account.
  3. Search for your bank, then click Continue.
  4. Enter the username and password you use for your bank's website in the window.
  5. Follow the onscreen steps to connect. Your bank may require additional security checks. It may take a few minutes to connect.
  6. Select the bank or credit card accounts you want to connect.
  7. Choose the matching account type from the drop-down list. These are accounts on your chart of accounts in QuickBooks.
  8. Choose how far back you want to download transactions and click Connect.

Once done, QuickBooks automatically downloads and categorizes bank and credit card transactions for you. All you have to do is approve the work. Here's how to review and categorizing downloaded transactions.

 

Keep me posted if you need anything else or if you have other banking concerns in QuickBooks. I'll be here to help. Have a great weekend.

February 28, 2021

Hi Customer, @mthann.

Hope you’re doing great. I wanted to see how everything is going about the Venmo Accountissue you had yesterday. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at anytime.

 

Looking forward to your reply. Have a pleasant day ahead!

July 3, 2021

Unfortunately, it also links my personal Venmo, which has totally screwed up my books.  Please help!

July 2, 2021

What about the venmo processing fees? I don't see them on the download. Is there a way to make them also come down into qbo?

JasroV
July 2, 2021

Yes, there's a way to download your Venmo processing fee, @sigal4lasi.

 

Connecting your bank account to QuickBooks Self-Employed (QBSE) automatically downloads your recent transactions. The system looks for a similar transaction you've recorded and categorizes them.

 

If you don't see your Venmo fees from the downloaded transactions, we can perform some steps to fix this. You'll need to update your bank to refresh the connection and download the recent entries. I'll be glad to guide you how.

 

  1. Go to the Gear icon.
  2. Select Bank accounts.
  3. Click Refresh all to refresh the connection. 

 

If the issue remains, I propose to manually upload your Venmo processing fees. Also, I'd recommend contacting the Venmo support team and verify if there are any issues on their end. 

 

Once everything is settled, you'll want to categorize your transactions to ensure it's in the correct line with your Schedule C.   

 

Keep me in touch if you still need help downloading your Venmo fees or managing your transactions. I'll be here to assist you anytime. Have a great weekend ahead!

July 2, 2021

I don't have QuickBooks Self-Employed, I have QBO Plus. I disconnected the Venmo "bank account" and reconnected. I down loaded transactions and the fees did not drop. I am getting the gross amount. Not the gross minus the fees = net. I had to manually enter the fees. Any other advice?

December 27, 2021

Can venmo or Square credit card processing be linked to QB Desktop.  Also struggling with linking PayPal.

MaryLandT
December 27, 2021

Allow me to step in and share how you can link a Venmo, Square, or PayPal QuickBooks Desktop (QBDT), aliveel.

 

You need a connector as the bridge to integrate your third-party accounts. In QBDT, you can use Synder to connect the app. 

 

To use the connector, you can find this through our QBDT marketplace. Let me guide you through the steps.

 

  1. Go to this link: desktop.apps.com.
  2. Enter Synder in the Find Applications search box, then click Search.
  3. Click Learn More.
  4. Click again the Learn More green box and download the connector.

 

You can also use another third-party connector outside of QuickBooks to help sync your sales to QBDT. IF not, you can manually import lists and transactions using Intuit Interchange Format (IIF) files.

 

I'm adding this link to learn more about the process: Export, import, and edit IIF files. It includes export limitations and steps to guide you through the process.

 

Stay in touch with me if you have an update about linking a third-party application with QuickBooks. I'm always glad to help you.

February 16, 2022

Recently my Venmo account stop feeding QBO.  I re-entered credentials (confirmed these are accurate via Venmo) and still no connection.  I therefore removed Venmo and attempted to re-link the account.  Each time I am still getting Error 103; saying my account credentials are not accurate.  I contacted Venmo and they confirmed my credentials.  I believe this to be an QBO issue.  I contacted support a week ago and no response.  Suggestions?

RenjolynC
February 16, 2022

Thanks for joining in on this thread, Sewing RL.

 

I'll share some information about the error and steps to help you fix it.

 

We currently don't have any reported issues regarding the bank error 103. However, you'll encounter this due to the following:

 

  • An incorrect user ID or password for the bank account you’re trying to connect. 
  • Your bank needs permission to connect your account to another service, including QuickBooks Online.

Since your credentials are correct, you'll want to visit your bank’s website. Then, check if your bank has this requirement. If so, follow your bank’s instructions to turn it on.

 

Once done, sign in to your bank account in QuickBooks by following these steps:

 

  1. Go to Transactions or Banking on the left panel.
  2. From the Banking tab, select the bank or credit card account you need to update.
  3. Select Edit and click Edit sign-in info. If your web browser auto-fills the user ID and password fields, clear them. This ensures your browser doesn’t put in old info by mistake.
  4. Manually type in the user ID and password for your bank account. If your bank offers a Show option, select it so you can confirm you entered the password correctly.
  5. Hit Update.

You can click on this article for reference: Fix bank error 103.

 

In case you have all the transactions updated in the For review tab, you can start categorizing and matching them. The steps are included in this link: Categorize and match online bank transactions in QuickBooks Online.

 

If you're still getting the same result, I recommend reaching out to our Customer Care Team. They can review your account and investigate what's causing this error. 

 

Please take note that our support for QuickBooks Online Payroll Core and Premium is available from M-F 6 AM to 6 PM PT. For QuickBooks Full Service Payroll, QuickBooks Online Payroll Elite/Premium, we're available any time, any day.

 

Here are the steps:

 

  1. Click the Help icon located in the upper right-hand corner.
  2. In the Search window, click the Contact Us button located at the bottom.
  3. Enter your question and click Let's talk.
  4. Choose either Chat with us or Have us call you.

If you have the new QuickBooks Assistant help update, you can follow these steps:

 

  1. In your QuickBooks Online account, go to the Help > Assistant.
  2. Type Talk to a human and enter what do you need help with.
  3. Click No if none of the articles shared are helpful and select Chat with us or Have us call you.

You can also get our direct phone number in this article: Contact Payroll Support.

 

You're always welcome to post a reply here if there's anything else you need. Have a good day ahead.

November 12, 2022

Hi there, I saw this conversation about connecting VENMO to QBOnline.

 

Venmo agent told me, QBO does not allow importing of business transactions into QBO?  I have successfully matched up my VENMO to QBO but it only allows me to import personal transactions.

 

Is it correct that VENMO only allows personal transactions?

 

If yes, how do you propose I upload my business transactions into QBO?

Thank you.

November 12, 2022

Hi, n-howard.
 

I appreciate you doing what you can to connect your Venmo business account to QuickBooks. I have some information to help you with your business transactions.

 

Yes, you're correct. Venmo only allows the personal account to connected with QuickBooks. Some banks have this limitation. If you're trying to connect a business account, we may consider reaching out to your financial institution. This way, we can submit a request for your business account to be connected with QBO.

 

In the meantime, if you'll want to manually upload your Venmo business transactions. We can check this article if we need help: Manually upload transactions into QuickBooks Online.

 

I'm also adding these links below to help you in connecting and categorizing your bank transactions in QBO:

 

 

Reach back out to me here if you need further assistance. I'll make sure you're taken care of. Have a nice day!