How To Download Bank Transactions Into Quickbooks Desktop

How to Import Bank Transactions into QuickBooks Desktop?

Modified on: Mon, 30 Nov, 2020 at 6:40 AM

I mport Depository financial institution Transactions into QuickBooks Desktop

Import Bank Statements from Supported File Formats direct into QuickBooks Desktop using SaasAnt Transactions (Desktop) - #1 user rated and Intuit trusted bulk data automation tool built exclusively for QuickBooks.

SaasAnt Transactions (Desktop)  supports  QuickBooks Pro, Premier, Enterprise, and Accountant Editions.

Y'all can download the costless trial of the software directly from the SaasAnt Website. Follow this article for detailed installation instruction.

Steps for Importing Bank Transactions to QuickBooks Desktop

Importing with SaasAnt Transaction is a breeze with our simplified and powerful Import magician. Just follow a simple 3 step process to majority import your file data to QuickBooks. You lot can easily import bank transactions into QuickBooks desktop from excel.

Click the Import button in the Dashboard screen or Import choice from the File menu in the menubar to navigate to the File Selection screen of the Import Magician(Step ane).

• Step i - File Selection: Select "QuickBooks Transaction Type" as "Banking company Statement". "Select Your File" - You can either click "Browse File" to browse and select the file from the local computer binder or click "Sample Templates" to navigate to SaasAnt sample file locally.
• Step ii - Mapping:Gear up the mapping of the file columns corresponding to QuickBooks fields. This step volition be automatic for you if you lot apply the SaasAnt template file. Download Sample Template file.
• Pace 3 - Review & Import: Review your file data in the Review Filigree screen and click "Ship to QuickBooks" to upload your file information to QuickBooks.

More detailed instructions on the steps are available in this article.

How does it work?

Permit'southward assume that nosotros accept a file which contains following banking company statement.

Date	Clarification	Check No	Amount
23/12/18	Subscription payment	12123733	100
23/12/18	Phone Bill Payment	2121221 1	-900

Bank statement has deposits and Expenses.To import Deposits and Expenses (Checks),we demand to mention

one. Depository financial institution Account

2. Income Accounts

three.Expense Accounts

four.Customer or Vendor Names

Let's modify the file to add together above details.

Date	Description	Cheque No	Corporeality	Depository financial institution Account	Account	Payee
23/12/18	Subscription payment	12123733	100	HDFC	Uncatergorized Income Account	John
23/12/18	Telephone Bill Payment	2121221 1	-900	HDFC	Telephone Expense Account	Phone Company 1

At present nosotros tin import this file using SaasAnt Transactions (Desktop).

• If the transaction has POSITIVE Corporeality, it will be considered every bit Deposit.
• If the transaction has NEGATIVE Corporeality, it will be considered as Expense/ Check.

If the file has separate columns for Credit and Debit, It tin can be exist directly mapped too.

Banking company Statement Line every bit Deposit

Bank Argument Line as Check

Mapping QuickBooks Fields

Field Name	Format	Description
Appointment *	Appointment	The date when this transaction occurred.
Bank Account *	Reference Text	Name of the Depository financial institution /  Greenbacks Account for this transaction. Name or Account Number can be given.
Check Number	Text (Max Length: 11 Characters)	Check Number or Reference number for the transaction.
Clarification	Text (Max Length: 4095 Characters)	The Description about the Expense or Deposit Transaction.
Payee *	Reference Text	Reference to Vendor,Employee or Customer. Name , Account Number or Custom Field Value tin can exist given.
Account *	Reference Text	Reference to the Expense Account Name or Income Account Name associated with the transaction. Name or Account Number can be given.
Amount *	Decimal	The amount of the transaction. POSITIVE Amount will be considered as Deposit Corporeality NEGATIVE Amount will be considered as Expense/ Bank check
Withdrawal * *	Decimal	Expense Amount
Deposit * *	Decimal	Auction Income Amount
Class	Reference Text
Customer	Reference Text	Customer name associated with this eolith.
Memo	Text (Max Length: 4095 Characters)
Billable Status	Boolean ( True/FALSE)
Currency	Currency Code	3 Letter Currency Code Ex: USD,EUR
Exchange Charge per unit	Decimal

All (*) marked fields are mandatory.

Import Settings

A host of powerful customisations for your file data is bachelor with Import Settings. This is available in the  Step iii: Review & Import screen or direct under "Edit" Bill of fare in the menubar. Some of the very useful settings for transaction includes:

• Pre-Import Validation: Validate the complete file before importing to QuickBooks. By turning this setting ON, file rows will be imported just afterwards cleaning upward all the issues in file. This pick withal volition delay the import.

More details about the settings related to Automatic cosmos of Items, Assigning reference number from the file, etc are available in this commodity.

FAQ's

Most of u.s.a. would have some questions while moving data to your QuickBooks Online. Some of them for your reference beneath:

• I desire to import Banking company Statement with Check Numbers from File. Is it supported?

            Aye. It is supported.

• Will your application back up Multi Line Transactions?

            Yeah. It will.

• I fabricated some mistakes in the Import and my QuickBooks reports got corrupted. Is in that location any way to undo or revert my Import?

            Information technology is possible to disengage the import completely/ partially with the Delete characteristic.

• Does your app support taxes?

            Yeah. It does.

• My file has some specific date format. I don't want to modify the file. Will your product support all engagement formats?

            Yes. Y'all tin select the specific engagement format as per your requirement in the import settings.

• Do you have any sample templates?

            Yeah. We do have. Sample Template

• What are the file types supported by your awarding?

            TXT, CSV, XLS, XLSX etc. Supported File Formats

• How do I report the issues if I am stuck?
  Experience free to drop an email to support@saasant.com

SaasAnt Transactions (Desktop)

Source: https://support.saasant.com/support/solutions/articles/14000096933--how-to-import-bank-transactions-into-quickbooks-desktop-

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