How to Import Deposits into QuickBooks Online from Excel/CSV?

A deposit is referred to as the fund held at a bank. It is a type of transaction used for transferring funds to another account. If your bank allows downloading deposits to a CSV format, you can easily download it and easily import it into QuickBooks Online. The QuickBooks is compatible with CSV files which are formatted in terms of the column. In this article, you will learn how to import Deposits into QuickBooks from Excel or CSV files.

Why Require Importing Deposits?

Accounting book management can be very time-consuming; especially if it involves manual data entry. So to ease the process, boost accuracy, and time-saving, the import feature is used. The majority of accountants and organizations use the technique of importing deposits to ensure speed and reducing error.

Things you need to do Before Importing Deposits into QuickBooks Online:

• Avoid writing special characters in the CSV file; QuickBooks does not support symbols and characters
• Do not use the brackets to display negative amounts
• Ensure you write amount without currency symbol
• Check the date format; it should be date/month/year
• Do not use commas for separating figures in the amount
• If you require entering figure with O, then you leave that field vacant
• Don’t write words such as value or amount in the credit or debit columns

What CSV File Layout is compatible in QuickBooks Online?

QuickBooks Online supports a CSV/EXCEL file with up to 4 columns. However, more than four columns may pop up an error message. Make sure you properly format file or mapped the fields of the QuickBooks to prevent error messages.

How to Import Deposits into QuickBooks from Excel/CSV?

Here are Steps to Import deposits from a Comma Separated Value (CSV) File:

• Open your QuickBooks online
• Locate the Banking section from the left corner of the screen
• Click on the Banking button
• Hit the drop-down list named Update and then select File Upload
• Verify if none of the connected accounts appears, then give a click on Upload deposits/transactions manually
• Choose Browse and then click on the CSV file
• Select the Next button and then choose the account on which you need to upload the transactions from the drop-down option, which says account
• Hit Next and then place a mark on the check box named Transaction
• Give a click on Next
• Hit Yes to begin the import process
• Wait for some time till the process complete
• After this hit, let’s go

Review the Imported Transaction:

You can easily view the imported transactions via the review window. Also, make the needed modifications.

The step mentioned above provided you the solution of how to Import Deposits into QuickBooks Online from Excel/CSV. For saving valuable time and accuracy, you can use the importer tool to import deposits in bulk.

---

Frequently Asked Questions (Faqs)