Connecting Bank Accounts
When
you connect your bank accounts, QuickBooks keeps track of all your ATM
purchases and withdrawals, plus all direct online funds transfers.
Instead of methodically entering every single transaction you make, you
download them straight from the bank, which saves you a lot of time.
Connecting Credit Cards
If
you share business credit cards with your colleagues, organizing
everyone’s receipts can be complicated. When you connect your credit
card accounts to QuickBooks, you can download all of these purchases
without worrying about who bought what.
Reconciling Made Easy
Reconciling
accounts is one of the most laborious tasks small business owners have
to deal with. Once you connect your accounts to QuickBooks, every time
you work with your downloaded transactions you’re teaching QuickBooks
about your business. QuickBooks will now recognize some of these
transactions for you and save you time. When you have to file your
taxes, your transactions will already be categorized, which makes
reconciling that much easier.
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