One of the best features of using cloud accounting software such as QBO is the ability to connect your bank account to the software, so that your books are always up to date with the most recent deposits and withdrawals that have been made to your bank accounts.
There are two ways in which you can update QuickBooks with your banking activity. You can connect your bank account to QuickBooks so that transactions import automatically into QuickBooks, or you can upload transactions from an Excel spreadsheet. We will walk you through each of these processes in more detail now.