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Quickbooks Online Add Sync Bank Transactions into QB | SyncBank
About adding Sync Bank transactions into QB, need to add all the things that you can write off, all your business expenses, all your gas receipts, all your office supplies, and so on.
Last time, we connected our business checking account to our QuickBooks online, this time, we're going to go ahead and look at our transactions, now keep in mind, none of these transactions have been inputted into QuickBooks, this is just the transaction.
I'll be the first one to admit that I buy a lot of things on my business checking account for personal use things, that are not a business expense AKA things, that I cannot write off, which is why I'm not too worried about this number, right here as well as this number, I should make a better habit of it, I recommend for your business checking account only buy things that you need for your business, I get caught up a lot of times where I just grabbed the wrong card, and I swipe it, and it's things that I can't write off, so I'm not worried about this, because I'm not going to try to get this down to zero points zero, because I can't write all these things off.
What I can do is I can scroll through my transactions from the last 90 days, you can either look at it by date newest to oldest, that's what I prefer, you click on this, it will do it in alphabetical order, you click on this, it will do it by what type of expense or what type of income that is, but I like to look at it from the oldest dates, so what I'm going to do is I'm going to go ahead and scroll through all my transactions for the last 90 days, and I'm going to go ahead and add my income, and I'm going to go ahead and add my business expenses aka the things that I could write off, and I'm not going to do the other expenses, I'm not going to add into quickbooks, because they were for personal use and don't do any benefit to adam, it's pretty much dead weight, so again that's why I'm not too worried about this number right here or this number, so let's look at my first expense.
This is Evans tires now, QuickBooks does a really good job of when you source in your transactions, what type of expense they put this coat, what kind of generalization expense they put this in, so if this is not accurate, and it is accurate repaired maintenance as an expense, you go ahead and just click on it, even though the link doesn't look lickable, and right down here let's look at this drop-down menu, here's all the type of expenses, advertising bad debts, paid charges commissions and fees disposable fees, insurance office expenses, like if you buy something at staples or walmart, chances are books will have offices expense to the right of the transaction, they're very smart like that down here, here's all our incomes discount sales shipping on cata right uncategorised income stuff like that, right now again none of these have been submitted into QuickBooks, what we want to do is submit the things that our business expenses, we want to submit that to QuickBooks as well as we want to submit our incomes, whether it's paypal or direct money chance for just a ATM deposit, those are the things we want to submit to QuickBooks.
Here's the transactions, here's the QuickBooks, so what we want to do is we want to go ahead and add this into QuickBooks, click Add just like that transfer at it, so that's been submitted, Evans tires is not there anymore, let's look at in QuickBooks, there it is, this is a business expense repaired maintenance for my truck $185, I haven't added any of my income right now, so if we look at our reports, my business is negative $185, that's not where you want to be, let's go back to transactions and banking now, if you mess up on your QuickBooks, this wasn't an expense at all, this was actually income, you go ahead and click undo just like that, now it shows up right back where it was, Evans tires just like that.
What you're going to want to do is you're going to want to go through your whole list, and add all the income that you made through your business not your two hundred dollar check you got from Grandma for your birthday, and you need to go ahead and add all the things that you can write off, all your business expenses, all your gas receipts, all your office supplies, whatever may be, go ahead and do that, good luck with that, hopefully, this made a little bit of sense.