I'm new to QB, I love it so far, but just wondering how I can enter the bank statement transcations or upload them if the bank institution is not listed in the downloads bit?
Depending on if you are using the online or desk top system you will need either an .ofx or .csv file from the bank then just follow the steps given to upload into QB
You should always enter the bank accounts at the last. This is because the accounts payable and accounts receivable accounts may vary and affect the QB accounts. Bills and invoices should be entered first.
As QB is so easy, I don't bother trying to upload the bank statements; it's just as quick to manually enter the transactions. Then, if you come across A/P or A/R transacions, it doesn't foul things up. IMHO anyway :)
I've used quickbooks for years, and I've found if you can't upload it, there are 2 good ways to enter bank statement transactions:
1.
Individually - input them as a "write cheque" that way to can keep track of who they're for and easily input tax codes etc and they'll show up in all the right places elsewhere. This also means you can use different dates for the transactions.
2.
As a batch, enter them as a general journal entry, crediting or debiting one line to the bank account and the other to the relevant income/expense account. This is useful for companies that receive lots of credit card income for example. Just make sure you keep each transaction separate to avoid confusion, and ALWAYS enter a good description so you know exactly what it is if you need to go back to it - it's also a good idea to note the journal number next to each transaction. As a batch you would only want to set it as one date - for example if you reconcile monthly and you're reconciling June for example you would date the journal as 30/06/14 so it shows up in the right month.
Hope that helps!
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