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January Brings Banking Enhancements to QuickBooks

admin by admin
January 20, 2023
in News



During the Main Stage of “QuickBooks Connect 2022,” we heard the following enhancement was on its way. Now, it is here. I’m talking about the ability for QBO subscribers to make use of the QuickBooks Banking Find Match feature for foreign currency bank accounts.

Users operating on a multi-currency basis now can match their transactions in QuickBooks with their foreign currency bank account transactions. This will be especially beneficial for Canadian and United Kingdom QuickBooks users, where multi-currency is far more common than in the United States.

  • This update allows QuickBooks users with multi-currency to access the same features in foreign currency bank accounts that have been available in their home currency bank accounts.
  • Users simply have to click Find Match in one of their foreign currency banks, and then choose from a list of same-currency transactions from which to match against.

But wait, there is more.

Another banking-related enhancement gives QuickBooks Online Accountant users the ability to batch-edit their clients’ auto-add bank rules.

  • If you need to revise your clients’ auto-add bank rules, you now can do so as a batch. 
  • Just select Banking, then choose multiple rules and turn off auto-add for all of them.   

QuickBooks is streamlining how the banking feature works for accountants and day to day users. That saves valuable time and cuts down on unnecessary steps for everyone. 

You can count on Liz having more about these enhancements at her next QBO Update version of “QBTalks.” Until then, stay tuned for more features covering QuickBooks product updates here at Insightful Accountant.


Disclosures

Adapted from Intuit QuickBooks Online, QuickBooks Online-Accountant and related content, including content (graphic or otherwise) furnished by Intuit/QuickBooks Media sources. Source materials were adapted by Insightful Accountant solely for educational purposes.

As used herein, QuickBooks, QuickBooks Online (US, Canada and UK) and QuickBooks Online-Accountant refer to one or more registered trademarks of Intuit Inc.; a NASDAQ publicly traded “INTU” corporation, headquartered in Mountain View, California (USA).

Any or all other trade names used herein, including any other vendor (app/software) products discussed within this article, may be registered, trademarked or otherwise held by their respective owners and are hereby acknowledged. They have been referenced for informational and educational purposes only.

This is an editorial feature, not sponsored content. No vendor within this article has paid Insightful Accountant or the author any remuneration to be included within this feature. This article is provided solely for informational and educational purposes.

Publication of this article does not represent an endorsement by either the author or Insightful Accountant.

Note: Registered Trademark ® and Copyright © symbols have been eliminated wherever practical from this article for brevity due to the frequency or abundance with which they might otherwise appear or be repeated. Every attempt is made to credit such trademarked products or copyrighted materials within the respective article footnotes and disclosures.


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Tags: 2023 accounting2023 accounting technologyaccountantsAccountingaccounting innovationAccounting technologyBanking featuresbookkeepersBookkeepingHeadlinesmulti-currencyNot FeatureProduct Updates Improvements and EnhancementsQuickBooksQuickBooks CanadaQuickBooks Connect 2022QuickBooks Online (QBO)QuickBooks Online AccountantQuickBooks U.K.William "Bill" Murphy
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