Understanding bank rules

QBCU
4.2.2

Bank rules are a list of conditions that must be met in order for QuickBooks to automatically assign a payee, account (category), class, and a location to download banking transactions to. Bank rules will apply only to bank or credit card transactions in the For review tab of the Banking Center. Since most businesses have the same transactions that take place month after month, using bank rules can save you time you would have spent reviewing transactions in the Banking Center before they can be recorded in QuickBooks.

Follow these steps to create a bank rule:

1. Click on Banking and select Rules.
2. Click on the Rules tab, as indicated in Figure 10.10:

   

   Figure 10.10: Navigating to bank rules

3. Click on the New rule button, as indicated in Figure 10.11:

   

   Figure 10.11: Creating a new bank rule

4. The following screen will appear:

   

   Figure 10.12: Completing the fields required...