What's the difference between this and other online services?
Why should I use online banking?
It means less time typing.
With online banking, transactions that you don't have time to enter into QuickBooks as they happen are downloaded into QuickBooks directly from your financial institution. You only have to review them instead of entering them from scratch.
It helps keep your books accurate.
When you download an electronic statement, QuickBooks compares it to the transactions already in QuickBooks and points out any discrepancies. You can easily add missed transactions and check the rest for accuracy without having to search for them in a paper statement. When you reconcile your accounts at the end of the month, you only have to deal with exceptions, not all your transactions once again.
It helps you understand your cash flow.
Since you always know which checks have cleared your banking account, you also know how much money you have available. At some financial institutions, you can also transfer funds between online accounts when you need to.
Is online banking secure?
How much does online banking cost?
What are the requirements to use online banking?
How do I activate online banking?
Activate through your financial institution, which will tell you what online services they offer and their costs.
Can I go to different companies for different online services?
How soon can I start using online banking?
How often can I download electronic statements? At what hours?
Will I still get paper statements from my financial institution?
Do I still have to reconcile an account with online services?
Can I transfer money between financial institutions?
Set up online banking
Download an electronic statement
Match transactions in an electronic statement to ones in QuickBooks