On the surface, importing Bank Transactions QuickBooks Online seems easy. For many customers, logging into your bank or credit card accounts using QuickBooks Online is all that is necessary. However, there can occasionally be restrictions and difficulties when importing transactions into QuickBooks Online.

QuickBooks Online Banking (bank feed) feature

The Banking (or bank feed) feature of QuickBooks Online is used to import bank transactions. This feature facilitates data entry and serves as a reconciliation tool.

Remember that despite the fact that the Banking feature allows you to compare your daily bookkeeping with your bank's records, this quick reconciliation does not eliminate the requirement to perform the customary monthly reconciliation of your accounts against the statements prepared by your financial institutions. When you are finished accepting or matching transactions, even if your bank balance and QuickBooks amounts match, it is still crucial to perform a thorough reconciliation of your accounts each month.