How to Download Bank of America Transactions in QuickBooks?

by James Antonio

As we are well aware that QuickBooks application software helps in empowering small and medium-sized businesses by providing services like management of income and expenses, tracking of invoices, customer payments, etc. It is one of the most widely used accounting software among small business owners. Now if you want to sync your bank transactions with QuickBooks, you can easily do so with the help of the Web Connect feature. Learn how to download bank of America transactions in QuickBooks.

Save Time, Reduce Errors, and Improve Accuracy

Dancing Numbers helps small businesses, entrepreneurs, and CPAs to do smart transferring of data to and from QuickBooks Desktop. Utilize import, export, and delete services of Dancing Numbers software.

And if you have a Bank of America account then you can automatically sync the transactions within QuickBooks. This feature helps in the reduction of the time involved in the management of manual data and you as a business owner can devote more time towards the running of the business, you can get the time for organizing your taxes. You do not have to worry about the expenses receipts as well, because they get automatically sorted into different tax categories. Apart from the above, you can manage your customers, vendors, clients, Inventory, and finances, etc. across all of your devices.

Now when we know the benefits of syncing the Bank of America transactions in QuickBooks, let us move to the next section, wherein we will discuss the step-wise step process to import or sync Bank of America transactions in QuickBooks.

Step to Import or Sync Bank of America Transactions in QuickBooks

You can refer to the below step-wise step process to download the Bank of America transactions in QuickBooks.

Estimated Reading Time: 8 minutes

Step 1: Launch the QuickBooks

First of all, click open to launch the QuickBooks on your system, and then go to the top bar menu and click on File.

Step 2: Click on Utilities and Click on Import

In this step, click on utilities and then click on import. After this, you need to click on web Connect files.

Step 3: Click on the .QBO File

After that, click on the .QBO file (the transactions detail extract that you have downloaded from your Bank after entering your credentials). Ensure that you have already extracted the .QBO file before starting on these steps.

Step 4: Clicked Opened the .QBO Transaction Extract File

Once you have clicked opened the .QBO transaction extract file, select your Bank account, in this case Bank of America bank account, and then click on continue.

Step 5: Go Bank Feed Centre and Review the Transactions

Once you have clicked on continue, do click on OK and then go to the Bank feed centre and review the transactions that are now synced between Bank of America bank account and QuickBooks.

If you are facing some issues in importing the ban transaction file using the Web Connect feature, you can create a new test bank account, you can merge it to your original account afterward, so that you can avoid duplicate accounts. You need to follow the below steps for creating a test bank account.

Create a Test Bank Account

Step 1. First of all, go to the top menu and click on Lists, after that select Chart of Accounts.

Step 2. Now, a pop-up window will appear, and you need to click on New.

Step 3. In this step, click on the tick box radio button against the Bank and then click on continue.

Step 4. After that, you need to enter your Bank’s name in the Account field and click on Save and then click on close.

Step 5. After the above step, right-click on the old account and rename it to the correct bank’s name and then click on save and close.

Step 6. And once you get a prompt to merge both the accounts, you need to click on Yes.

Hope the above process proves itself to be an insightful one, but we have also compiled a list of questions and answers asked by the users to help you out further.

Accounting Professionals, CPA, Enterprises, Owners

Looking for a professional expert to get the right assistance for your problems? Here, we have a team of professional and experienced team members to fix your technical, functional, data transfer, installation, update, upgrade, or data migrations errors. We are here at Dancing Numbers available to assist you with all your queries. To fix these queries you can get in touch with us via a toll-free number 1800-689-5491 or chat with experts.


What is this Web Connect feature in QuickBooks?

Web Connect feature in the QuickBooks automatically allows you as a business owner to download or sync the transactions pertaining to your small business bank account in/with QuickBooks with the help of the online Banking feature as well. Web Connect helps in a seamless process for downloading and syncing of the bank transactions with QuickBooks, there is no need to use multiple QIF (Quicken interchange format) files for the downloads.

Which types of Accounts can I Access with QuickBooks?

Well, you can access almost all the types of accounts including Checking accounts, saving account, money market account, and even credit card accounts.

Can I use the Direct Connect feature to sync bank transactions and other details between Bank of America and QuickBooks?

Yes, fortunately, you can do so by enrolling in the Direct Connect service. It will give you access to the small business online banking at bankofamerica.com and you will be able to share the information, bills, and payments, etc.

What is the Process of Reactivating the Customer in QuickBooks?

It’s quite an easy process, for this first, click on the customer and then click on customer centre. Once you have done that, go ahead and click on the customers > job tab > click all customers. Once you see cross sign ‘x’ for inactive customers, double click on the names to open these customers’ profiles. Now to reactivate them you need to uncheck on the tick mark box against customers’ names and they will be reactivated.

Can you let me know the Process steps to use QuickBooks with the Small Business Online Banking Feature on bankofamerica.com?

You need to first open your QuickBooks software and click on Banking > Online Banking > and then Set Up Account for Online Services. After that, you need to select the QuickBooks account that you wish to connect to Bank of America from the dropdown menu and click on next. After that, you need to choose Bank of America from the drop-down menu and click on next and then click on the Direct Connect option and click on next once again.

Once you have done this, click on ‘Yes, my account has been activated for QuickBooks Online services’ and click on Next again. Then enter your online banking credentials and click on sign in, choose the account that you wish to integrate into QuickBooks software, and click finish after the completion of the download.

Features of Dancing Numbers for QuickBooks Desktop

Imports

Imports

Exports

Exports

Deletes

Deletes

Customization

Customization

Supported Entities/Lists

Dancing Numbers supports all QuickBooks entities that are mentioned below:-

Customer Transactions

Invoice
Receive Payment
Estimate
Credit Memo/Return Receipt
Sales Receipt
Sales Order
Statement Charge

Vendor Transactions

Bill
Bill Payment
Purchase Order
Item Receipt
Vendor Credit

Banking Transactions

Check
Journal Entry
Deposit
Transfer Funds
Bank Statement
Credit Card Statement
Credit Card Charge
Credit Card Credit

Employee Transaction / List

Time Tracking
Employee Payroll
Wage Items

Others

Inventory Adjustment
Inventory Transfer
Vehicle Mileage

Technical Details

Easy Process

Bulk import, export, and deletion can be performed with simply one-click. A simplified process ensures that you will be able to focus on the core work.

Error Free

Worried about losing time with an error prone software? Our error free add-on enables you to focus on your work and boost productivity.

On-time Support

We provide round the clock technical assistance with an assurance of resolving any issues within minimum turnaround time.

Pricing

img

Importer, Exporter & Deleter

*See our Pricing for up to 3 Company Files

$199/- Per Year

Pricing includes coverage for users
  • Services Include:
  • Unlimited Export
  • Unlimited Import
  • Unlimited Delete

img

Accountant Basic

*See our Pricing for up to 10 Company Files.

$499/- Per Year

Pricing includes coverage for users
  • Services Include:
  • Importer,Exporter,Deleter
  • Unlimited Users
  • Unlimited Records
  • Upto 10 companies

img

Accountant Pro

*See our Pricing for up to 20 Company Files.

$899/- Per Year

Pricing includes coverage for users
  • Services Include:
  • Importer, Exporter, Deleter
  • Unlimited Users
  • Unlimited Records
  • Up to 20 companies

img

Accountant Premium

*See our Pricing for up to 50 Company Files.

$1999/- Per Year

Pricing includes coverage for users
  • Services Include:
  • Importer, Exporter, Deleter
  • Unlimited Users
  • Unlimited Records
  • Up to 50 companies

Frequently Asked Questions

 
How and What all can I Export in Dancing Numbers?

You need to click "Start" to Export data From QuickBooks Desktop using Dancing Numbers, and In the export process, you need to select the type you want to export, like lists, transactions, etc. After that, apply the filters, select the fields, and then do the export.

You can export a Chart of Accounts, Customers, Items, and all the available transactions from QuickBooks Desktop.


How can I Import in Dancing Numbers?

To use the service, you have to open both the software QuickBooks and Dancing Numbers on your system. To import the data, you have to update the Dancing Numbers file and then map the fields and import it.


How can I Delete in Dancing Numbers?

In the Delete process, select the file, lists, or transactions you want to delete, then apply the filters on the file and then click on the Delete option.


How can I import Credit Card charges into QuickBooks Desktop?

First of all, Click the Import (Start) available on the Home Screen. For selecting the file, click on "select your file," Alternatively, you can also click "Browse file" to browse and choose the desired file. You can also click on the "View sample file" to go to the Dancing Numbers sample file. Then, set up the mapping of the file column related to QuickBooks fields. To review your file data on the preview screen, just click on "next," which shows your file data.


Which file types are supported by Dancing Numbers?

XLS, XLXS, etc., are supported file formats by Dancing Numbers.


What is the pricing range of the Dancing Numbers subscription Plan?

Dancing Numbers offers four varieties of plans. The most popular one is the basic plan and the Accountant basic, the Accountant pro, and Accountant Premium.


How can I contact the customer service of Dancing Numbers if any issue arises after purchasing?

We provide you support through different channels (Email/Chat/Phone) for your issues, doubts, and queries. We are always available to resolve your issues related to Sales, Technical Queries/Issues, and ON boarding questions in real-time. You can even get the benefits of anytime availability of Premium support for all your issues.


How can I Import Price Level List into QuickBooks Desktop through Dancing Numbers?

First, click the import button on the Home Screen. Then click "Select your file" from your system. Next, set up the mapping of the file column related to the QuickBooks field. Dancing Numbers template file does this automatically; you just need to download the Dancing Number Template file.

To review your file data on the preview screen, just click on "next," which shows your file data.


What are some of the features of Dancing Numbers to be used for QuickBooks Desktop?

Dancing Numbers is SaaS-based software that is easy to integrate with any QuickBooks account. With the help of this software, you can import, export, as well as erase lists and transactions from the Company files. Also, you can simplify and automate the process using Dancing Numbers which will help in saving time and increasing efficiency and productivity. Just fill in the data in the relevant fields and apply the appropriate features and it’s done.

Furthermore, using Dancing Numbers saves a lot of your time and money which you can otherwise invest in the growth and expansion of your business. It is free from any human errors, works automatically, and has a brilliant user-friendly interface and a lot more.


Why should do you change the Employee status instead of deleting them on QuickBooks?

If you are unable to see the option to terminate an employee on your list of active employees on the company payroll, this mostly implies that they have some history. Thus, if you change the employee status instead of deleting it on QuickBooks, the profile and pay records remain in your accounting database without any data loss in your tax payments.


Is it possible to use the Direct Connect option to sync bank transactions and other such details between Bank of America and QuickBooks?

Yes, absolutely. You can use the Direct Connect Option by enrolling for the Direct Connect service which will allow you access to the small business online banking option at bankofamerica.com. This feature allows you to share bills, payments, information, and much more.


Why should do you change the Employee status instead of deleting them on QuickBooks?

If you are unable to see the option to terminate an employee on your list of active employees on the company payroll, this mostly implies that they have some history. Thus, if you change the employee status instead of deleting it on QuickBooks, the profile and pay records remain in your accounting database without any data loss in your tax payments.


What are the various kinds of accounts you could access in QuickBooks?

QuickBooks allows you to access almost all types of accounts, including but not limited to savings account, checking account, credit card accounts, and money market accounts.

Get Support

Bulk import, export, and deletion can be performed with simply one-click. A simplified process ensures that you will be able to focus on the core work.

Worried about losing time with an error prone software? Our error free add-on enables you to focus on your work and boost productivity.

Dancing Number

Kindly Provide The Following Information To Download The Dancing Numbers.

X





    Top