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QuickBooks Pro Desktop Bookkeeping With Bank Feeds
Rating: 4.2 out of 5(69 ratings)
23,803 students

QuickBooks Pro Desktop Bookkeeping With Bank Feeds

Learn how to setup and us bank feed for QuickBooks Desktop from a Certified Public Accountant (CPA)
Last updated 5/2024
English
English [Auto],

What you'll learn

  • Options for using QuickBooks Desktop including a free 30 day trial version
  • How to setup bank feeds
  • How to navigate the bank feed center
  • How to connect to the bank or upload bank data to the QuickBooks Software
  • How to use bank feed data to construct financial statements & reports
  • How to match bank feed data to transactions in QuickBooks
  • Hot to use bank feeds for credit cards
  • How to use bank rules

Course content

17 sections73 lectures19h 36m total length
  • 1009 QuickBooks Desktop Options14:52

    Explore QuickBooks Desktop 2023 options, including Pro, Premier Plus, and Enterprise, and compare desktop versus online versions, with notes on invoicing, time tracking, inventory, and reports.

  • 1010 How To Download the Software8:48

    Learn how to download and install QuickBooks Desktop 2023, including free 30-day trial, purchase, or upgrading from 2022, and work with multiple company files on a subscription-based desktop.

  • 1012 30 Day Free Trial or Purchase Process5:33

    Download and install QuickBooks Desktop 2023 from Intuit, choosing between a 30 day free trial or purchase. Learn to update data files and register using product and user IDs.

  • 1017 Increase Display Size4:19

    Learn how to enlarge QuickBooks Desktop 2023 display for presentations by adjusting Windows display scale (125–150%), and understand where to apply these changes—from Windows settings rather than QuickBooks itself.

  • 305 Setup New Bank Feed Test Company File20:44

    Set up a new bank feed test company file in QuickBooks Desktop 2023, create a dedicated data file folder, and learn backup practices.

  • 315 How do Bank Feeds Fit Into My Accounting System24:39

    Learn how bank feeds fit into QuickBooks Desktop 2023 and convert raw bank data into deposits, checks, and electronic transfers, with cash vs accrual, inventory, and payroll considerations.

  • 320 Setting up Bank Feeds11:00

    Learn to set up bank feeds in QuickBooks Desktop 2023, connect bank or credit card accounts, and configure the chart of accounts to support bank feed data.

Requirements

  • None

Description

We will discuss how bank feeds can fit into an accounting system, how to setup bank feeds, and how to construct financial statements using bank feed data.

We will import bank feed data into our QuickBooks system.

The course will add bank feed data to the financial statement, breaking the process out into cash increase transactions and cash decrease transactions.

Learners will understand how to generate bank rules to make the data input process faster as time passes, the first moth of data input often being the most difficult due to not having prior transactions to refer back to.

As we construct bank feed transactions we will consider the difference between a cash method and an accrual method, the difference between an accounting system that is created from the bank data and an accounting system that uses bank data to verify data input.

The course will cover how bank feed data can be matched to transactions such as invoices, sales receipt forms, receive payment forms, deposit forms, bills, and checks. The matching of bank feed data to data impute forms can help with the bank reconciliation process, as we match up what has been entered into QuickBooks with what has cleared the bank.

Who this course is for:

  • Business owners who are thinking of using QuickBooks Desktop
  • Bookkeepers
  • Accountants