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About This Course

Who this course is for:

  • Business owners who want an easy system to track data
  • Bookkeepers who want to understand how bank feeds work
  • Students who want to apply theory to practical accounting software

What you’ll learn: 

  • How to set up bank feeds for both bank accounts and credit card accounts
  • How to set up QuickBooks Online and get up and running
  • How to add transactions and assign proper general ledger accounts to them
  • How to do bank reconciliations
  • Understand the difference between a bank reconciliation when using a cash basis and accrual basis
  • Generate reports and analyze reports after data has been entered using bank feeds
  • Record transactions from two accounts that use bank feeds like a credit card account and a bank account
  • How to create different kinds of bank feed rules to make data input even faster


  • No prior knowledge is required to take this course 

Software version used in the course:

  • QuickBooks Online 2020

This course will jump right into bank feeds and how to use them. Most QuickBooks courses will spend a lot of time talking about how a full-service accounting system works using QuickBooks. We do recommend spending time learning the full accounting process, and we do have a course that does this.

However, many small businesses want to get right down to data input as fast as possible, and others already have a good understanding of the system and want to focus specifically on bank feeds. This course will do just that.

For example, some small businesses may be perfectly happy using a cash basis system and will, therefore, not need some of the functions used in a full accounting cycle. Businesses that use a cash basis model can structure their data input to be much more heavily dependent on the bank and bank feed data.

We will discuss types of businesses that fit well into a cash basis model as we work through the practice problems. We will also discuss some problem areas many businesses have and how to set up a system that works.

This course will work through a practice problem and will provide test data that learners can use in their system to follow along if they choose. One obstacle to learning bank feeds is access to a clean QuickBooks file to practice with. Here are some options you can use along with this course:

  • Intuit, the owner of QuickBooks, provides a free test drive available to anybody. You can find it by searching QuickBooks Test Drive in your favorite browser.
  • Intuit often provides a 30-day discount period. You can use the 30 days to practice by starting the 30-day trial, practicing with the data we provide in the course, and then canceling after the 30 days.
  • Intuit also provides discounts or a free version for students and educators.
  • Check with your accountant or certified public accountant firm, and they may be able to provide a discount on QuickBooks Online.

Our Promise to You

By the end of this course, you will have learned about bank feeds.

10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

Get started today and learn more about how to do bank feeds.

Course Curriculum

7h 50m

Section 1 - Introduction
Quickbooks Online – Bank Feeds And Credit Card Feeds 00:00:00
How Do Bank Feeds Fit Into My Accounting System 00:00:00
Downloadable Materials 00:00:00
Section 2 - Getting Set Up
Getting Set Up 00:00:00
Recommendations For Success 00:00:00
Purchase With 30-Day Trial 00:00:00
Project Outline 00:00:00
Section 3 - Month One - Set Up Bank Feeds
Month One – Set Up Bank Feeds 00:00:00
Set Up Bank Feeds 00:00:00
Download Transactions From Bank 00:00:00
Import Bank Data 00:00:00
Section 4 - Month One - Add Transactions From Bank Feeds
Add Transactions From Bank Feeds 00:00:00
Add Expense Transactions 00:00:00
Add Capital Expenditures 00:00:00
Add Inventory Purchase 00:00:00
Add Amount Paid For Investment 00:00:00
Add Owner Withdraws 00:00:00
Add Bank Service Charge 00:00:00
Add Customer Deposits 00:00:00
One Deposit Owner 00:00:00
Sales Tax 00:00:00
Deposit Loan 00:00:00
Section 5 - Month One - Bank Reconciliation
Bank Reconciliation 00:00:00
Section 6 - Compare Cash Basis To Accrual Basis Using Bank Feeds
Compare Cash To Accrual 00:00:00
Section 7 - Month Two - Upload Bank Transactions
Month Two – Upload Bank Transactions 00:00:00
Upload Bank Transactions 00:00:00
Section 8 - Add Transactions From Bank Feeds
Month Two – Add Transactions From Bank Feeds 00:00:00
Add Insurance 00:00:00
Add Expenses 00:00:00
Add Payroll Checks 00:00:00
Add Loan Payments 00:00:00
Add Inventory Purchase 00:00:00
Add Draw 00:00:00
Invoice And Bank Feeds 00:00:00
Receive Payments And Bank Feeds 00:00:00
Sales Receipt And Bank Feeds 00:00:00
Section 9 - Month Two - Bank Reconciliation
Month Two – Bank Reconciliation 00:00:00
Bank Reconciliation 00:00:00
Section 10 - Month Two - Analyze Reports
Month Two – Analyze Reports 00:00:00
Reports After Second Month 00:00:00
Section 11 - Credit Card Bank Feeds
Credit Card Bank Feeds 00:00:00
Credit Card Bank Feeds Upload 00:00:00
Add Credit Card Bank Feed Data 00:00:00
Reconcile Credit Card 00:00:00
Section 12 - Bank Feed Rules
Bank Feed Rules 00:00:00
Upload Bank Transactions 00:00:00
Bank Rules Deposit Same Customer Different Account 00:00:00
Bank Rules Amount Limit 00:00:00
Bank Rules Split Into Two Accounts 00:00:00
Bank Rules One Vendor Two Expense Accounts 00:00:00
Bank Rules More Rules And Techniques 00:00:00