Renaming Rules In Quickbooks Software Package Combines
Renaming Rules In Quickbooks How To Use QuickBooks

In 2016, intuit discontinued QuickBooks for mac, and users were forced to wait out their last 3 years of support or switch to QuickBooks on-line.

QuickBooks then released a brand new 2019 version and has continued support with QuickBooks for mac 2020.

Renaming Rules In Quickbooks Software Package Combines

The software package combines the simplest of each worlds by joining together the feature set and accounting complexness of QuickBooks pro with the benefit of use and additional trendy UI of QuickBooks on-line.

The 2020 version adds in a few features that improve user customization and program functionality.

Automatically share documents across multiple Macs connected through iCloud.

Easily identify and reconcile discrepancies between bank statements and QuickBooks records.

Users who need help in upgrading their QuickBooks Mac to latest version or any other troubleshoot related to their QuickBooks Software they can always visit our website and write us on our official mail or use live chat option.

For a quick response it is suggested that users should call our QuickBooks Helpdesk at 1(800)816-6849.

While Xero helped to revolutionize the modern-day bank feed, Intuit raised the bar with their QuickBooks Online Bank Feed and Banking Rules.

When utilized correctly, Bank Feed Rules can handle a large portion of the transaction review process by auto assigning what a transaction was for including who paid or was paid.

Renaming Rules In Quickbooks How To Use QuickBooks

But as the saying goes, with great power comes great responsibility, thats why we created a guide to explain how to use QuickBooks Online Bank Feed Rules.

Take a look at the picture and you will see how the Google Chrome search function (Ctrl F) was able to pull the word postage from the different sections of the rule.

This will allow you to create rules that will only affect one account or all accounts.

If you have a rule that just does not seem to capture the way you would like it to, check this first.

A great example of this would be creating rules for ATM withdrawals.

In the example below you can see how using the all function enables you to set the defined range for the dollar amount.

Later in the tutorial you will see how we use the Split function to auto assign the bank fee value too.

For Example, you could combine all gas vendors under a single payee name such as Fuel Purchases.

The bank memo would still distinguish between the different stations in case it was necessary to break them out.

Depending on how well you setup your Vendors in QuickBooks Online, it is possible to create bank rules without a Payee name and still have the Payee details populated.

If your bank import file has Payee Names assigned per transaction, then they Payee will be auto generated.

This is a great way to use Ledgersyncs check images with QuickBooks Online.

It is the one type of name that can never be duplicated (even across vendors and customer) and is also what everything matches against.

By combining the split function with the class level, it is simple to split out common expenses across different divisions automatically.

One of my favorite examples of using the QuickBooks Online Bank Feed split function in rules is creating a rule for ATM withdrawals.

By utilizing the split function, you can auto categorize what cash was withdrawn as well as the service charge that was paid.

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Renaming Rules In Quickbooks For Mac