How Do I Add Another Bank Account To Quickbooks

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

Before you get into complicated accounting with QuickBooks Desktop Pro, it's important to beginning get your accounts ready. One of the near important is calculation your banking concern business relationship. By adding your banking company account, you can import your transactions and keep track of your finances. Adding your depository financial institution account too helps simplify balancing the books, helps prevent errors, and reduces the amount of data entry that you (or your bookkeeper) have to tackle.

In this mail, we're going to prove you how to go your bank account set up up in QuickBooks Desktop. You can get it done in only 11 piece of cake steps that shouldn't take more than than 10 minutes to complete. Whether you have one account to add or several, keep reading to acquire more nearly adding your banking concern business relationship to QuickBooks Desktop Pro.

Add A Bank Business relationship In QuickBooks Desktop Pro

To brainstorm, become to Company>Chart of Accounts>Business relationship>New.

Stride one: Select Appropriate Account Type

Select "Bank." And so click the blue "Continue" button at the lesser of the screen.

Pace 2: Name The Account

Type in the name the business relationship goes by, ex. 'savings' or 'checking'. Click on the "Select From Examples" button if y'all need help.

The account name is the only information that is absolutely necessary. The following fields are optional (though we recommend filling out the ones that are pertinent to your business).

Step iii: Attach To A Subaccount

You nearly likely won't be doing this, but you can choose to mark your account as a subaccount of another account.

Footstep four: Write An Account Description

Write a description for your business relationship, so that you will recognize it in your chart of accounts.

Step 5: Add A Banking concern Account Number

Enter your bank business relationship number.

Step half dozen: Enter The Routing Number

Type in the corresponding routing number.

Step 7: Select a Tax-Line Mapping

A tax-line mapping is used by accountants to gear up the books for tax software and to run an Income Tax Preparation Written report. QuickBooks recommends that you do not use taxation-line mappings unless you are an accountant or tax professional. Click on the blue "How do I choose the right tax-line?" link to acquire more, or only skip ahead to footstep 8.

Step eight: Enter An Opening Balance

If you lot have an opening balance on your account, you tin enter that information now. Click the "Enter Opening Rest…" button.

Next, yous'll desire to add together your opening balance to the argument catastrophe balance slot. Then apply the drop-down calendar to select the date of that residue. Once all of the data looks correct, click the blueish "OK" button.

Step 9: Choose Check Settings

Enter your check settings. If desired, you can prepare a bank check reorder point and opt to guild checks that yous can impress directly from QuickBooks.

Stride 10: Relieve Business relationship

Click the blue "Save & Shut" button to save your new bank account.

Step 11: Enable Live Bank Feeds (Optional)

Once you click save, you'll receive a notification similar the ane below.

If you desire to enable alive bank feeds, click "Yes" and continue on toHow To Enable Alive Bank Feeds In QuickBooks Pro.

If you lot don't want to enable live bank feeds, click "No" and proceed to the chart of accounts to check that your new business relationship saved correctly.

Repeat this process as many times as necessary until all of your checking, savings, and credit card accounts are properly entered into QuickBooks Pro.

FAQs: Bank Account Set up Up In QuickBooks Pro

Does QuickBooks Desktop sync with a bank account?

QuickBooks Desktop supports live bank feeds for over 1,400 banks and financial institutions, so you tin download transactions direct into the software. You lot can set upward live banking company feeds after following the steps in this guide to add together a new bank account.

Tin can I link a second bank account to QuickBooks Desktop?

You tin can link multiple bank accounts to QuickBooks Desktop. This includes checking accounts, savings accounts, and credit cards through your financial establishment.

Is it safe to link my bank business relationship to QuickBooks Desktop Pro?

When you lot link a bank account in QuickBooks Desktop Pro, QuickBooks tin only import transactions. You lot will never be required to provide your username or password to a QuickBooks employee. When you connect your accounts, your username and password are besides encrypted for your protection.

Still Having Issues In QuickBooks Desktop Pro?

If yous encounter a trouble while connecting your bank account to QuickBooks Desktop, cheque out the QuickBooks Community or phone call QuickBooks straight.

Desire to become the most out of QuickBooks Desktop? Take a look at our other Quickbooks Pro articles, including how to set up a chart of accounts and how to sync sales information to QuickBooks. If you're new to accounting and want to requite QuickBooks a spin, check out QuickBooks Online. Good luck!

Overwhelmed by QuickBooks Pro? Maybe it's time to switch to QuickBooks Online. QBO is easy to use, deject-based, and affordable. All-time of all, you can hands import your QuickBooks Desktop data into QuickBooks Online. Check out our full review on QuickBooks Online for more details.

Outgrown QuickBooks Pro? Switch to QuickBooks Premier. Information technology'south the same QuickBooks Desktop software yous dear simply with more than users and advanced, manufacture-specific features, which nosotros cover in our QuickBooks Premier review.