How to Upload My Bank Statements Manually to Quickbooks

How to Import Bank Transactions into QuickBooks Desktop?

Modified on: Mon, 30 Nov, 2022 at 6:40 AM

I mport Bank Transactions into QuickBooks Desktop

Import Banking concern 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.

You can download the free trial of the software directly from the SaasAnt Website. Follow this commodity for detailed installation instruction.

Steps for Importing Depository financial institution Transactions to QuickBooks Desktop

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

Click the Import push button in the Dashboard screen or Import selection from the File carte du jour in the menubar to navigate to the File Selection screen of the Import Wizard(Step 1).

• Stride one - File Choice: Select "QuickBooks Transaction Blazon" as "Bank Statement". "Select Your File" - You can either click "Browse File" to browse and select the file from the local estimator folder or click "Sample Templates" to navigate to SaasAnt sample file locally.
• Stride 2 - Mapping:Set the mapping of the file columns respective to QuickBooks fields. This step volition be automated for you if you use the SaasAnt template file. Download Sample Template file.
• Pace 3 - Review & Import: Review your file information in the Review Grid screen and click "Ship to QuickBooks" to upload your file data to QuickBooks.

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

How does it work?

Let's assume that we have a file which contains following bank statement.

Appointment	Description	Bank check No	Amount
23/12/18	Subscription payment	12123733	100
23/12/18	Telephone Beak Payment	2121221 i	-900

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

1. Bank Business relationship

2. Income Accounts

3.Expense Accounts

iv.Customer or Vendor Names

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

Date	Description	Bank check No	Amount	Bank Account	Account	Payee
23/12/18	Subscription payment	12123733	100	HDFC	Uncatergorized Income Account	John
23/12/18	Telephone Beak Payment	2121221 i	-900	HDFC	Telephone Expense Account	Telephone Company one

At present we can import this file using SaasAnt Transactions (Desktop).

• If the transaction has POSITIVE Corporeality, it will be considered as Eolith.
• If the transaction has NEGATIVE Amount, it will be considered as Expense/ Check.

If the file has separate columns for Credit and Debit, Information technology can be be direct mapped too.

Bank Statement Line as Deposit

Bank Argument Line as Bank check

Mapping QuickBooks Fields

Field Proper noun	Format	Description
Date *	Date	The date when this transaction occurred.
Banking company Account *	Reference Text	Name of the Banking concern /  Greenbacks Account for this transaction. Proper noun or Account Number tin exist given.
Check Number	Text (Max Length: 11 Characters)	Check Number or Reference number for the transaction.
Description	Text (Max Length: 4095 Characters)	The Description about the Expense or Eolith Transaction.
Payee *	Reference Text	Reference to Vendor,Employee or Client. Name , Business relationship Number or Custom Field Value can exist given.
Account *	Reference Text	Reference to the Expense Business relationship Name or Income Business relationship Proper name associated with the transaction. Proper name or Business relationship Number can be given.
Amount *	Decimal	The amount of the transaction. POSITIVE Amount will be considered as Deposit Amount NEGATIVE Corporeality volition be considered as Expense/ Check
Withdrawal * *	Decimal	Expense Amount
Eolith * *	Decimal	Sale Income Amount
Class	Reference Text
Customer	Reference Text	Client proper name associated with this deposit.
Memo	Text (Max Length: 4095 Characters)
Billable Status	Boolean ( True/FALSE)
Currency	Currency Code	three Letter Currency Code Ex: USD,EUR
Exchange Rate	Decimal

All (*) marked fields are mandatory.

Import Settings

A host of powerful customisations for your file data is available with Import Settings. This is available in the  Step 3: Review & Import screen or directly under "Edit" Menu in the menubar. Some of the very useful settings for transaction includes:

• Pre-Import Validation: Validate the consummate file before importing to QuickBooks. Past turning this setting ON, file rows volition be imported only after cleaning up all the issues in file. This option however will delay the import.

More than details near the settings related to Automatic creation of Items, Assigning reference number from the file, etc are bachelor in this article.

FAQ's

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

• I want to import Bank Argument with Check Numbers from File. Is it supported?

            Yes. It is supported.

• Will your awarding back up Multi Line Transactions?

            Yep. It will.

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

            It is possible to undo the import completely/ partially with the Delete characteristic.

• Does your app support taxes?

            Yes. Information technology does.

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

            Yes. You tin select the specific date format every bit 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 application?

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

• How practice I report the issues if I am stuck?
  Feel complimentary to drib an email to support@saasant.com

SaasAnt Transactions (Desktop)

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

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