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jdwhymark
June 30, 2020
Question

How can I add a new bank account without it being connected to a bank feed and have it show up on the banking screen? (i.e. if I will import statements?)

  • June 30, 2020
  • 2 replies
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2 replies

vpcontroller
vpcontroller
June 30, 2020

@jdwhymark 

 

"How can I add a new bank account without it being connected to a bank feed and have it show up on the banking screen? (i.e. if I will import statements?)"

 

Follow these steps:

  1. Add a new bank account: Dashboard > Accounting > Chart of Accounts > Select NEW > Account Type = Bank; Detail Type = Checking or ?; Name = Name of Bank > Save and Close
  2. Go to the Banking tab from left Dashboard > Select File Upload from the drop-down arrow, next to Update at the top right corner > Select file to upload and follow the steps

After that, you will see all the imported bank transactions under For Review in the Banking tab. Categorize and add transactions, that's how it goes to the register.

 

I hope this helps!

 

J
jdwhymarkAuthor
June 30, 2020

Thank you for your response. Sorry, I probably wasn't clear in my question - I have followed the first step you mention, but the problem is that the new bank account doesn't show up on the banking screen, so I need to know how to put it there.

 

Incidentally I am using a savings account and not a checking account, but presumably that wouldn't make a difference?

MarsStephanieL
MarsStephanieL
June 30, 2020

Thanks for performing the steps shared by my colleague, @jdwhymark.

 

Allow me to chime in and share some information about adding a savings bank account to QuickBooks Online.

 

You can go through your checking accounts to track all activities. On the other hand, savings accounts are for storing money. Or for tracking your Certificate of Deposit (CD) transactions. QuickBooks automatically connects your account to bank feeds once you add it. Since you mentioned you don’t want to sync your bank, you can manually import your transactions. To do that, you can follow the steps provided by my colleague above.

 

When you’re ready to use online banking in QBO. You can change the detail type of your bank account to savings in the Chart of Accounts menu. I’ll guide you through the steps below. I added some screenshots too.

 

  1. Go to the Accounting menu and select Chart of Accounts.
  2. Enter the name of the account you’ve just created in the search box.
  3. Click the drop-down button and select Edit.
  4. On the Detail Type section, select Savings.
  5. Enter the name of your account in the Name section.
  6. You can also enter the opening balance to track your transactions efficiently.
  7. Verify the details, then select Save and Close.



Once done, you can now connect your bank to make it show in the Banking page. Here’s how:

 

  1. Go to the Chart of Accounts and enter the name of your savings account in the search box.
  2. Click on the drop-down button, then select Connect Bank.



  3. Enter your bank’s name or the bank’s URL in the search box.



  4. There will be a prompt to go to the bank’s website so that you can choose which account you’ll connect, select Continue.
  5. Enter your login credentials, then click Sign in or Submit.
  6. Choose the account you want to connect in QuickBooks.
  7. Click on the drop-down button, then locate the savings account you’ve just entered in the Chart of Accounts, and select Connect.



For more information about connecting your bank accounts in QuickBooks, you can check out and review this article: Connect bank and credit card accounts to QBO. This also contains steps on how to categorize your bank transactions in QuickBooks.

 

Whenever you're ready to do balancing on your bank transactions, I recommend this article to guide through the steps: Reconcile an account in QuickBooks Online. You can also refer to this article when fixing reconciliation.


Don't hesitate to tag me in the comment section below if you need anything else. I'm always here ready to lend a helping hand.

IamjuViel
IamjuViel
June 30, 2020

Greetings, @jdwhymark.

 

I can definitely guide you in adding your bank to your list of the chart of accounts.

 

  1. Go to the Accounting menu.
  2. Choose the Chart of Accounts tab.
  3. Select the New button. 
  4. From the Account Type drop-down, choose Bank.
  5. Pick the appropriate category from the Detail Type section.
  6. Enter a term that will identify the account in the Name field.
  7. Fill in the remaining fields.
  8. Click the Save and Close button. 

Once completed, you can now import your bank transactions using a CSV file. Here's how:

  1. Go to the Gear icon (⚙).
  2. Select Import Data.
  3. Choose Bank Data.
  4. Click the Browse button. 
  5. Navigate to where you saved the bank file.
  6. Follow the on-screen instructions from there to map and import your data.

You can refer to this article for more detailed instructions: Import bank transactions using Excel CSV files.

 

Also, I've added these articles to help you manage your imported bank transactions:

Always feel free to leave a comment below if you have other questions about managing your chart of accounts. I'm just a few clicks away.

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