How to Import Credit Card Transactions into QuickBooks in a Few Easy Steps

Are you looking for a quick and easy process to import credit card transactions into QuickBooks? Then this article will help you as it covers all the relevant details related to importing your credit card transactions into QuickBooks including the benefits and steps to consider in importing credit card transactions into QuickBooks with a CSV file. Vital signs for. With this great feature of QuickBooks, you can save valuable time and effort. You can easily download business credit card transactions into QuickBooks. Once you have downloaded those transactions allow you to manage your transactions quickly. So, read this comprehensive article and discover easy steps to import credit card transactions into QuickBooks along with its importance and security measures before importing.

Read: How To Access QuickBooks Database Easy Steps

Benefits of Linking a Credit Card Account to QuickBooks

• You can save a lot of time by uploading your transactions to QuickBooks.
• If you don’t have a business bank account, but do have a personal bank account, open one for your business. If you want to connect to QuickBooks, open a separate bank account for your business. Carrying out your activities is very beneficial for you.
• If you’ve tagged your transactions and entered them in QuickBooks, the QB can begin working on the tasks you specify.

Import Credit Card Transactions into QuickBooks in a Few Easy Steps

Follow the step-by-step instructions to import your credit card transactions into QuickBooks:

Step 1: Select Banking Center

Select Transactions under Bank Accounts and Banks from the home page or in the left menu bar

• In the beginning, enter the name of the bank/credit card in the search field
• Search the list and choose a suitable bank/credit card company
• If you are unable to locate your credit card company or wish to download the transaction for 90 days, you should use the CSV format.

Step 2: Log in to Your Business and Credit Card Account

Log in using your username and password. After entering your username and password it takes some time to access your account and also depends on your internet speed and the number of accounts you have. Connecting your bank to QuickBooks takes a few minutes.

Step 3: Select the Credit Card Account

• Check Each Account You Want to Connect to QuickBooks
• and then enter the name of the bank account
• Select the QuickBooks account you linked your bank account to
• If you can’t find it, add an account from the drop-down list.

While Recording a Transaction

• Category Type: On the Bank & Credit Cards page, click on the Category column to sort the transactions.
• Description Type: The main function of this field is to automatically populate it with credit cards based on the criteria defined in the Account Type field
• Name: This field displays the name of your account in QuickBooks.
• Description: Enter your credit card name and the last 4 digits of your account number
• Once you have completed all the required fields, click on the Save & Close button.

Step 4: Choose the Right Date Range

• In most cases, transactions are downloaded after 90 days. If you need transactions older than 90 days, you need to upload them in CSV format.
• If you need to transact for a shorter period, click on the link “Requires a shorter date range”.

Step 5: Click on The Connect 

• To upload all transactions to QuickBooks, click the Connect button.

Note: Once the transactions are downloaded, there is no way to cancel them. So, check that you have selected the correct account, as you will have to delete all the transactions later and re-upload them.

Step 6: Transactions are Downloaded

Once the transaction is uploaded you will receive a notification “We have successfully uploaded your transaction”.

Step 7: Review the Downloaded Transactions

• At the banking center, check your credit card account and balance.
• If you want to track another credit card account, go to step 1 and click on Add Account.
• If you have a problem connecting your credit card account to QuickBooks or want to download credit card transactions older than 90 days, you know how to record your credit card transactions using an Excel.CSV and QBO file. How to download

Steps to Import Credit Card Transactions into QuickBooks with a CSV File

• First, select Transaction and Bank
• Thereafter, upload the file or transaction by simply clicking on the Upload file option
• Now choose a suitable account to which you want to link the credit card account
• You can add an account from the dropdown if you don’t have an account in QuickBooks.
• Fill in the required fields to set up your account
• After entering all the information, map the fields from QuickBooks to the fields in your bank account
• Take along instructions for mapping QuickBooks Online:
• Go to the date column then choose the correct date format
• Go to Details and then click on File
• You will find positive and negative numbers in the same column
• You must select the column with a negative number
• Check the transaction you want to import into QuickBooks, then press “Next.”
• With this, QuickBooks will confirm the transaction.
• To confirm this, you need to click “Yes”
• Finally, you can see that the transaction has been downloaded with a successful message.

Conclusion

We hope this information helps you understand how to import credit card transactions into QuickBooks, but sometimes you may run into several issues while using or performing the steps. If you do not understand any point in this article or face any problems while doing the process, you are suggested to get proper help from QuickBooks Expertise.