Fast-coding is ideal for year-end or catch-up jobs for creating P&L and balance sheets.
📎NOTE: If you prefer to post the transactions as statement data (not as bank transactions), simply use the standard download option, and import that file using the import tool in QuickBooks Online.
How to fast-code to QuickBooks Online
How to fast-code to QuickBooks Online
Once bank statement extraction is complete you will see the Fast-code to QuickBooks button in the inbox.
Select the account to which the transactions are to be published using the drop-down menu at the top right corner of the page.
The Category for each transaction must be selected, Payee/Customer is optional as are the Locations/Classes. To code multiple lines at once, use the checkboxes to the left and select the first line of the batch. Then simply select the relevant code (on any line) and all lines are populated with that account.
Click Publish to the left of the line.
The checkboxes to the left can also be used to publish multiple lines at once using the Actions button.
📎NOTE: For the transaction type, AutoEntry defaults to a Deposit for any receipts. For payments, where a cheque number is present, Cheque will be automatically selected. If not, Expense will be selected. Expenses and cheques can be edited if required.