Master the bank feed, and you Master QBO

Understanding QBO's Bank Feed is the lynchpin to understanding QBO

QBO fuses two completely different bookkeeping methodologies into one interface and doesn't explicitly explain this to users.  The bank feed is where those two systems collide, and if you don't understand what's happening at that seam, the bank feed will surprise you, mislead you, and create problems that are very hard to trace back. 

This course explains exactly what the bank feed is doing at every step, so you can use it deliberately instead of being caught off guard by it. It also cracks the hood on the inner workings of the bank feed and the QBO bank reconciliation, so that you can understand in your bones what it is doing, and also understand the perspective of the QBO user if you need to troubleshoot someone else's mess. 

The course starts by building a solid foundation in how bank reconciliations actually work without the bank feed. Then it dissects every action the bank feed can take, every mistake it commonly makes, and every tactic for controlling it. It finishes by redoing those same reconciliations with the bank feed, so you can feel the difference firsthand.

What this course covers

You'll learn how to...

  • Understand what the bank feed actually is and what it is not

  • Recognize the difference between a bank feed info line and a bookkeeping transaction entry

  • Use the Match, Post, and Pair actions correctly and know when each one applies

  • Identify the four types of bank feed hallucinations and why they are so easy to fall for

  • Solve lonely singles using a systematic step-by-step approach

  • Push the bank feed to look further when it isn't finding the right match

  • Understand the bank feed's real limitations around sales tax, payroll, and transfers

  • Set up rules that make recurring transactions practically automatic

  • Do a full bank reconciliation using the bank feed quickly and with confidence

  • Troubleshoot a reconciliation that won't go to zero

  • Connect a live bank feed, upload bank files, and work with CSV and PDF statements

Who this course is for

This course is for three specific people:

  • Bookkeepers who learned the traditional entry-based way and want to better understand the bank feed interface, or find the bank feed confusing or untrustworthy

  • QBO users who started with the bank feed and are fast at categorizing transactions but keep running into problems they can't explain

  • Accountants and bookkeepers coming from QuickBooks Desktop who know exactly what they were doing there but find QBO keeps blurring lines that used to be clear

This course is also valuable for accountants who want to understand what is tripping up the bookkeepers on their files.

This course is not designed for complete beginners with no bookkeeping background. A basic familiarity with QBO is helpful, but this course is also a great introduction to QBO.

Course curriculum

    1. 01.01 The Essential Mindset Most People Miss

    2. 01.02 How to get to the Sample QBO Company

    3. Chapter 1 Quiz

    1. 02.01 The Bank Feed is a Digital 'Bank Statement'

    2. Chapter 2 Quiz

    3. Chapter 2 Optional Homework

    1. 03.01 Reconciling February without the Bank Feed

    2. 03.02 Reconciling March without the Bank Feed

    3. Chapter 3 Quiz

    4. Chapter 3 Optional Homework

    1. 04.01 The Anatomy of the Bank Feed and the Match Option

    2. 04.02 Introduction to the Post Action

    3. Chapter 4 Quiz

    4. Chapter 4 Optional Homework

    1. 05.01 Entering Spend Transactions from the Bank Feed

    2. 05.02 Entering Incoming Funds Transactions from the Bank Feed

    3. Chapter 5 Quiz

    4. Chapter 5 Optional Homework

    1. 06.01 How Undeposited Funds Works

    2. 06.02 How UD Funds Can be a Problem and Also a Unique Solution

    3. Chapter 6 Quiz

    4. Chapter 6 Optional Homework

About this course

  • $297.00
  • 7.5 hours of video content
  • 17 Chapters
  • 50 Lessons
  • 15 Chapter Quizzes

Finally understand what QBO's bank feed is actually doing.

Ready to stop being surprised by it and start using it on purpose? Start the course today.

Start the Course