Download Bank of America transactions in QuickBooks

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Download Bank of America transactions in
QuickBooks
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If you have been using QuickBooks for some time,
you know that the software allows various small
and medium businesses in managing financial
transactions, keeping a track of their income and
expenses, maintaining invoices, ensure proper
inventory management, handling customer payments,
and so much more. It is not wrong to say that
QuickBooks is one of the most effective and
efficient accounting management software for such
evolving companies. Aside from all the
exceptional advantages that QuickBooks offers, it
also enables its users to sync and import your
Bank of America transactions with the software.
And, to do so, you would require using the Web
Connect feature which allows you automatically
sync the two.
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As a business owner, the Web Connect feature
saves you a lot of time and effort that you would
otherwise be spending on managing the data
manually. You can then dedicate all that time and
resources in operating your business, managing
your taxes, sorting financial invoices under
appropriate categories, managing customers, and
more. That being said, let us now discuss the
definite procedure to sync and import Bank of
America transactions in QuickBooks
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How can you sync or import Bank of America
transactions in QuickBooks?
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To sync or import your Bank of America
transactions in QuickBooks, follow the
below-mentioned steps as-is

• Firstly, click the QuickBooks software on your
  computer to launch it.
• Find and select File from the top bar menu
• Select Utilities and click Import. After,
  select Web Connect Files
• Before you move ahead, ensure that you
  extract.QBO file from your bank, click on it to
  open the files, and then hit Next
• Open the .QBO transaction extract file, select
  your Bank of America account, and select
  Continue
• Now, click OK and check the Bank feed center to
  ensure that the transaction between QuickBooks
  and your Bank of America accounts are synced.

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What to do if you face troubles in importing bank
transactions using Web Connect?
If you were unable to sync and import your Bank
of America transactions using Web Connect, it is
best that you create a new test bank account so
you can merge them with your original account
later. This will also be helpful in avoiding
duplication. Let us show you how you can do that.
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• Go to the top menu, click Lists and select
  Chart of Accounts.
• Click New on the pop-up window that appears
• Now, put a tick on the check box next to Bank and
  click Continue
• Enter your bank name in the Account field, click
  Save and Close
• Next, right-click on the old account and rename
  it to the accurate bank name and click Save and
  Close
• Finally, press Yes once you are prompted to
  merge the two accounts

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