Call Quickbooks Tech Support And Know How To Set And Use Banking Rules For Downloaded Transactions in Quickbooks

In this article you will learn how to set and use banking rules for downloaded transactions in Quickbooks. To know more call Quickbooks tech support.

While creating a banking rule the following default accounts should not be used.

• Uncategorized Income

• Uncategorized Expense

• Uncategorized Asset

Even if these accounts have been renamed bank rules ignore them.

How to create a bank rule?

Follow these steps to set up a bank rule:

• Select Banking from the left menu.

• Select Bank Rules.

• To open the Rule window, click on NEW Rule.

• In the Rule name field, enter a name.

• In the For field, from the drop-down list choose Money in or Money out.

• From the drop-down list in the In field,select the bank or credit card account.

• Specifying whether the transaction must meet All or Any of the conditions set up the rule conditions. After doing this you can add up to 5 lines.

• Specifying the Transaction type Select the settings for the rule. Also specify Payee, and the Category to apply.

• Click on Save.

You can auto-add rules run in such cases:

• Logging in

• While performing a manual update or file upload

• While creating or modifying a new auto-add rule

• A message shows in the most cases that how many transactions were automatically added.

Bank rules

Import bank rules

If you have set up banking rules on another QuickBooks Online company file you can save time by exporting those rules and then again importing them to the company file currently working.

• Open the company file from which you want to export the bank rules from.

• Select Banking from the left menu.

• Select Bank Rules.

• From the New Rule drop-down menu click on Export Rules.

• To be able to select this option you have to set up rules for this company.

• In Excel, save the export file.

• Switch to the company to which you wish to import the bank rules.

• Select Banking from the left menu.

• Select Bank Rules.

• From the New Rule drop-down menu, choose Import Rules.

• Click on Browse and then navigate and upload the Excel file that you exported.

• Choose the rules and the details that you wish to import and then to finish the import follow the prompts.

• From the first company file the bank rules are imported to the second company file.

Now, you know how to create and set bank rules.

To know more on how to set and use banking rules for downloaded transactions in QuickBooks call Quickbooks tech support on their toll free number 1 (877) 227 2303. Also, you can write us at support@quickbooksupport.net. Feel free to reach us anytime; our team of executives is 24/7 available at your service. For more information visit, www.quickbooksupport.net.