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October 13, 2020
Question

How do you accept uploaded transactions from US and Cdn bank where the funds are transferred between the two?

  • October 13, 2020
  • 1 reply
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1 reply

PatriciaT
October 13, 2020

Hi candace-smith,

 

I'm glad to hear you're taking advantage of the Bank Feeds feature in QuickBooks Online to automatically download your transactions in your account. Reviewing, categorizing, and approving these transactions properly is key to maintain accuracy across your books. I'll be happy to assist you with this.

 

After Connecting a bank or credit card account in QuickBooks Online, the system brings over your recent transactions in your For review tab. At this point, you can either Add, Match/Find MatchTransfer/Record as transfer, or Record as a credit payment. The Transfer/Record as transfer option enables you to approve and record your transaction into another account. If the account selected to complete a Transfer is also under Online banking, your transaction will appear in its Review/Categorized tab. For more on how to categorize transactions in the program, check out this article: Categorize and match online bank transactions in QuickBooks Online

 

I hope this helps! Don't hesitate to reach out if you have other questions.