Importing your bank statement into QuickBooks

Reconciling your bank statement at the end of the month is a task every business owner must carry out if they truly want to understand the state of their cash flow in QuickBooks. But a major challenge is when you have several banks with a large volume of transactions available for manual review before reconciliations, how do you intend to carry this out?

This review highlights a financial solution that will help imports bank statement into your QuickBooks financial software.

Though we are still expanding the application to accommodate all bank extension but for now, you can only import bank transaction statement using GTB format. What this means is that any time you want to import a bank statement that is not from GTB, you need to re-format your excel column to correspond with the standard format built into the application.


LUCANET Financial Consolidation: The Software for Financial Consolidation

Financial consolidation involves collaborating the financial data of different departments and internal business entities, usually for structured and accurate reporting purpose. Thereby, providing a comprehensive view of the financial position of both the parent company and its subsidiaries, rather than one company’s stand-alone point. Many experts advise against using Excel for the Read more…