Don't Do This With Bank Feeds in Quickbooks Desktop

www.qbuniversi... - Don't do this with bank feeds in Quickbooks Desktop!
I see far too many people make these mistakes when using bank feeds in Quickbooks Desktop. There is a right way to use bank feeds and this video reveals what to do and what not to do.
The mistakes I show you happen all the time and they end up really messing up people's Quickbooks. Once they are done it takes tons and tons of work to undo them. So avoid these mistakes with bank feeds in Quickbooks Desktop and make sure your books are correct.
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[@QbuniversityOrg]

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[@kristinmosher8367]

Question in Bank Feeds: A payment is showing up as a "DEP", not a payment. Even though I have already entered the payment under "Customer Payment". So, as I'm matching, this does not match the payment recorded for that customer. If I confirm the match it goes into the check register as a "DEP", not a payment. What am I doing wrong? And do you cover this in any of your videos?

[@PageThompson-tt6vg]

New to bank feeds. When I have added the transactions are not showing in my QB Bank Register.

[@QbuniversityOrg]

They should be. Are you looking in the right register?

[@sabrinabenakli8467]

Hello, my question is i undo my reconciliation after that I went to reconcile but I couldn't see the transactions, but I can see the transactions on the register

[@QbuniversityOrg]

They must be still cleared or something. Is the date right for the recon?

[@joumasekoek]

This is a little tangental, sorry. I used to be able to "refresh" ALL my accounts at the same time by clicking the button top right, but that button only refreshes the selected account now. I have many. many accounts, so it takes ages. Any idea if synchronizing them all at once is possible?

[@bonniehayes5481]

Hi- Am using QB desktop pro 2021. Going back to input data to bring current. Am using a pdf to qbo converter and importing to QB through WebConnect in the bankfeeds menu. The problem I am having is that in the partially recognized category it is showing some of my transfers between bank accounts as duplicate transactions and the only option in the actions field is "ignore" They are for different dates but for the same amounts. Do I need to ignore and then manually add them to the register? We are semi-retired and cannot upgrade to the current QB desktop. QB is quitting support and bankfeeds for my 2021 software. Have chosen ProperSoft conversion software to keep importing transactions to my QB 2021.

[@adsabaenterprises]

Hello, Great video. Big question- I have been writing checks with the Online Payment button selected and the checks get sent out via the Bank Feeds Center and this has worked well for many years. Now, after upgrading to 2023 Desktop Pro Plus, I can not send the checks out via the Bank Feed Center. (the window to send them out is not there) The button for the Online Payment option is still there when writing a check but the checks do not appear in the bank feeds center window. It seems like they are forcing me to create a bill for each check and I do not want to do that. Have you run into this yet?

[@QbuniversityOrg]

I have not run into it yet. I did a bit of research and what I have seen is that it is available in 2022 versions and the Mac 2023 version. But there was no mention of 2023. It could be that it’s coming in an update soon but I’m not 100% sure

[@EskieMom211]

Does the same go for deposits? I I show an invoice as paid but then show a deposit for that paid invoice, would I match it to the invoice?

[@QbuniversityOrg]

Yes you would!

[@JasmineTrinidad-e5k]

Hi, ours is different. It's connected to bank so bank feeds look different. It's separated into two: items to send and items received from financial institution. I deleted the file under items received and now I cant get the transactions anymore even though i try to import again. Can you help me out?

[@QbuniversityOrg]

Hmm. It may be something with the bank to be honest. I’m not sure why you could not do them again but my guess is somehow it’s limiting that date range since it was already done

[@andreacomeau1283]

Do you have a video that shows how Bank Feed items are "identified" in Quickbooks Desktop? As you know, in QB Online, the bank feed adds a green icon next to the transaction in the register. The Register in Desktop does not appear to be modified by the matching of a bank feed import to an entry. When I do bank reconciliation - there are 4 options at bottom (Match All, Unmatch All, Go To and Matched - - Is there any benefit from Bank Feed during the reconciliation process (as there is with the Online green icon)?