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How to use Quickbooks Online Bank Feeds
In this episode, Nick Baldo dives deep into the world of QuickBooks for real estate investors. He explains the difference between bank balance and QuickBooks balance, how to link multiple accounts, and manage transactions within the bank feed. He also discusses using journal entries for property transactions, managing cash flow with bills, and the intricacies of categorizing vs matching.
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
End to End Podio Training: https://www.incomedigs.com/pcc
Check out our Podio Templates: https://bit.ly/3pE4DBt
Download our guide: https://www.incomedigs.com/qbosetupguide
The Bank Feed feature is QBO's major claim to fame! But it's also one of the most misunderstood. In this video, I'll show you the dos and don'ts of setting up and using QBO bank feeds.
(0:00) Introduction to the episode
(1:26) Understanding bank balance versus QuickBooks balance
(3:35) Linking multiple accounts in QuickBooks
(8:27) Detailed discussion on adding and accepting transactions within the bank feed
(13:28) Manually entering transactions in QuickBooks
(16:08) Using journal entries to record property buying or selling
(21:17) Using bills to manage cash flow
(25:46) Understanding categorizing vs matching
(27:29) Linking bank accounts in QuickBooks
(28:44) Conclusion and additional resources
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By Nick BaldoIn this episode, Nick Baldo dives deep into the world of QuickBooks for real estate investors. He explains the difference between bank balance and QuickBooks balance, how to link multiple accounts, and manage transactions within the bank feed. He also discusses using journal entries for property transactions, managing cash flow with bills, and the intricacies of categorizing vs matching.
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
End to End Podio Training: https://www.incomedigs.com/pcc
Check out our Podio Templates: https://bit.ly/3pE4DBt
Download our guide: https://www.incomedigs.com/qbosetupguide
The Bank Feed feature is QBO's major claim to fame! But it's also one of the most misunderstood. In this video, I'll show you the dos and don'ts of setting up and using QBO bank feeds.
(0:00) Introduction to the episode
(1:26) Understanding bank balance versus QuickBooks balance
(3:35) Linking multiple accounts in QuickBooks
(8:27) Detailed discussion on adding and accepting transactions within the bank feed
(13:28) Manually entering transactions in QuickBooks
(16:08) Using journal entries to record property buying or selling
(21:17) Using bills to manage cash flow
(25:46) Understanding categorizing vs matching
(27:29) Linking bank accounts in QuickBooks
(28:44) Conclusion and additional resources