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Bank Online
QuickBooks Online Banking allows you to download transactions directly from your participating financial institution to reduce data entry time and errors. You can also transfer funds online between any two accounts at the same financial institution. With this service, you can immediately see which checks have cleared your accounts and get up-to-date account balances. You can also write checks, pay bills, reconcile accounts and transactions, and transfer funds between accounts at the same financial institution.
If your bank does not offer Online Banking with QuickBooks, you can still pay bills online using QuickBooks Bill Pay. To do this, download transactions and account information from your financial institution. Go to the Online Banking Center and select "Get New QuickStatement" and click "Send." Once you've downloaded your transactions, match them to your records and reconcile your account. You can also write checks or pay bills as you normally would in QuickBooks, and select "Online Bank Payment" and choose the date when you'd like the payment to be delivered (allow up to 4 days to process). Then send your payments from the Online Banking Center within QuickBooks, and the payments will be made by the delivery date.
The cost of Online Banking services varies by financial institution. You need a checking account at a bank that offers online banking with QuickBooks, an Internet connection and a version of QuickBooks that supports online banking (QuickBooks version 2000 or higher).
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