Hands-on steps work best on a laptop or tablet. Reading and answering steps work fine here.

Step 1 of 6

New words in this lesson

Bank feed

Transactions downloaded automatically from the bank into the accounting software, waiting to be reviewed and posted to the books.

Bank statement

The bank's monthly list of every deposit and withdrawal, with opening and closing balances.

Look up any other word in the glossary

The bank feed

Instead of typing every bank transaction, QuickBooks can download them. This is the . There are three ways to get transactions in:

Way	How	Good for
Connect the bank	Sign in to the bank once from inside QuickBooks; it downloads new transactions about once a day	Most banks and cards
Upload a CSV file	Download a file of transactions from the bank's website, then upload it	Banks that won't connect, or older history
Upload a PDF statement	QuickBooks reads the transactions from the statement	When all you have is PDFs (lesson B5.6)

Downloaded transactions don't go into the books by themselves. Each one waits in Pending until you decide what it is.
A CSV file needs at least a date, a description and an amount. Some banks put money out and money in in separate columns.
Screen names differ between QuickBooks versions. Newer screens say Pending, Posted and Post; older ones say For review, Categorized and Add. They work the same way, and this course uses the newer names.

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