Skip to main content
J
Jb1210
March 31, 2022
Question

Connecting bank account as a new quickbooks user but an existing buisness

  • March 31, 2022
  • 1 reply
  • 0 views

Hi I'm an existing business, just starting out with QuickBooks online.  I've connected my accounts with no issues.

My current year end is march 31st and plan on starting with QuickBooks in my new fiscal year as of April 1st.  Do I need to exclude all bank transactions from the previous fiscal year?  As I do not intend to add any of my previous fiscal years books into QuickBooks.  

 

1 reply

Jen_D
Jen_D
March 31, 2022

Thank for choosing QuickBooks Online for your business, @Jb1210.

 

We're delighted to have you here and help you out with this banking concern.

 

If you don't want to include previous year's data, then yes, you can exclude them in the For Review tab. This way, they will no longer be added in the register and be included in the current reconciliation.

 

Here's how to exclude bank entries:

 

  1. Go to the For Review tab.
  2. Mark the box next to each transaction you want to exclude.
  3. Select Exclude from the pop-up at the top.

Excluded transactions are then moved to the Excluded tab, and won’t be added to QuickBooks or be downloaded again. To permanently delete duplicate entries, put a check mark on them, then hit Delete.

 

I'll be sharing some related links to help you with the bank processes and general tasks in QBO:

 

 

Again, it's awesome to have you here. Visit us anytime if you have other questions or concerns with the program. I'll be more than happy to help you out.

Terms & ConditionsAccessibility statement