Before we go into the process steps for import bank rules from QuickBooks Online to desktop, it’s better to first understand, what are Bank rules. Bank rules are nothing but an added functionality in QuickBooks Online that helps in categorizing recurring transactions each month even if they come with a slight difference. It also helps in customizing the variable of the bank feed in QuickBooks Online, which ultimately leads to the automation of the bank transactions.
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Now if we talk about importing the Bank rules from QuickBooks Online to QuickBooks Desktop, this functionality is not available in current timing, so you may have to manually set up the bank rules in QuickBooks Desktop. Let us see in the below section how to do this?
Process Steps for Importing or Manually Setting up the Bank Rules in QuickBooks Desktop
Step 1. First of all, click on Banking menu > then Bank feeds and choose Bank feed centre> now click on rules in Bank feeds window.
Step 2. After that, click or select the Manage rules drop-down menu and click on Add new.
Step 3. Now in Add rules window, enter the rule name, and from the description drop-down menu, select the data for the description field. In case you want to create more than one condition click on the plus button.
Step 4. Now make the appropriate selection from the drop-down menu from the “Do this” section and then enter the Payee or Account name.
Step 5. In the last step, click on save to complete the process.
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Frequently Asked Questions (Faqs)
Now once we are aware of the process of manually creating the bank rules in QuickBooks Desktop, let us now look into some common FAQs by the users: