How to Upload Credit Card Statement Into Quickbooks

How to Import Credit Bill of fare Transactions into QuickBooks Desktop?

Modified on: Fri, nine Apr, 2021 at 2:09 PM

Import Credit Card Transactions into QuickBooks

Import Credit Card Statements from Supported File Formats directly into QuickBooks Desktop using SaasAnt Transactions (Desktop) - #ane user rated and Intuit trusted majority information automation tool built exclusively for QuickBooks.

SaasAnt Transactions (Desktop) supports QuickBooks Pro, Premier, Enterprise, and Accountant Editions.

Y'all can download the complimentary trial of the software directly from the SaasAnt Website. Follow this article for detailed installation instruction. You can easilyimport credit card transactions into QuickBooks Desktop.

Steps to Import Credit Bill of fare Transactions into QuickBooks Desktop

Importing with SaasAnt Transaction is a cakewalk with our simplified and powerful Import magician. Just follow a simple 3 stride process to bulk import your file data to QuickBooks.

Click the Import push in the Dashboard screen or Import selection from the File menu in the menubar to navigate to the File Selection screen of the Import Magician(Footstep i).

• Step 1 - File Selection: Select "QuickBooks Transaction Blazon" as "Credit Card Statement". "Select Your File" - You can either click "Browse File" to scan and select the file from the local computer folder or click "Sample Templates" to navigate to SaasAnt sample file in local.
• Step 2 - Mapping:Gear up the mapping of the file columns corresponding to QuickBooks fields. This step will be automated for you if you use the SaasAnt template file. Download Sample Template file.
• Step 3 - Review & Import: Review your file data in the Review Grid screen and click "Transport to QuickBooks" to upload your file data to QuickBooks.

More detailed instruction of the steps are bachelor in this article.

How does it work?

Let's presume that we have a file which contains following credit card statement.

Engagement	Clarification	Amount
23/12/eighteen	Purchase of Phones	-100
23/12/18	Pecker Payment	900

Credit carte statement statement has Charges for Vendors and Credit/Refunds from Vendors.To import Charges(Expense) and Refunds ,nosotros need to mention

one. Credit Card Account

2.Expense Accounts

3.Customer or Vendor Names

Allow's modify the file to add together above details.

Appointment	Description	Corporeality	Credit Menu Account	Account	Payee
23/12/18	Purchase of Phones	-100	Amex	Uncatergorized Expense Account	John
23/12/18	Card Payment	900	Amex	Phone Expense Account	Telephone Company one

Now we tin can import this file using SaasAnt Transactions (Desktop).

• If the transaction has POSITIVE Corporeality, it will be considered as Credits/ Refunds.
• If the transaction has NEGATIVE Amount, it will be considered every bit Expense /Charges .

If the file has divide columns for Credit and Debit, It can exist straight mapped too.

Statement Line as Credit Menu Charge

Statement Line as Refund

Mapping QuickBooks Fields

Field Name	Format	Description
Statement No	Text (Max Length: xi Characters)	Argument No for Credit Bill of fare Credit Transaction
Date *	Appointment	The date when this transaction occurred.
Credit Carte Account *	Reference Text	Name of the Credit Business relationship for this transaction. Name or Business relationship Number can be given.
Payee *	Reference Text	Reference to Vendor,Employee or Customer. Name , Account Number or Custom Field Value tin can exist given.
Business relationship *	Reference Text	Reference to the Expense Account Name or Income Account Name associated with the transaction. Name or Business relationship Number can be given.
Corporeality *	Decimal	The amount of the transaction. NEGATIVE Corporeality will exist considered as Expense /Charges POSITIVE Amount volition be considered equally Credits/ Refunds
Credit * *	Decimal	Refund Amount
Debit * *	Decimal	Expense Amount
Memo	Text (Max Length: 4095 Characters)
Customer	Reference Text	Name of the customer associated with this expense or refund.
Billable Status	Boolean ( True / Imitation)	Is the client to be billed ?
Class	Reference Text
Currency	Currency Code	3 Letter Currency Code Ex: USD,EUR
Exchange Rate	Decimal

All (*) marked fields are mandatory.

Import Settings

A host of powerful customisations for your file data is available with Import Settings. This is bachelor in the  Step 3: Review & Import screen or directly under "Edit" Menu in the menubar. Some of the very useful settings for transaction includes:

• Find Matching Transactions in QuickBooks by: Identifier to locate existing transactions in your QuickBooks.
• Action When a Matched Transaction Constitute: If an existing transaction is plant for the above setting identifier and so the corresponding activeness to be taken. You tin choose to Duplicate/ Ignore/ Update/ Suspend existing transaction in your QuickBooks.
• Pre-Import Validation: Validate the complete file before importing to QuickBooks. By turning this setting ON, file rows will be imported merely later on cleaning up all the issues in file. This option however volition delay the import.

More details most the settings related to Automated creation of Items, Assigning reference number from the file, etc are available in this article.

FAQ'southward

Most of usa would have some questions while moving data to your QuickBooks Online. Some of them for your reference below:

• Will your application support Multi Line Transactions?

            Yes. Information technology will.

• I fabricated some mistakes in the Import and my QuickBooks reports got corrupted. Is there whatever mode to undo or revert my Import?

            It is possible to undo the import completely/ partially with the Delete characteristic.

• Does your app support taxes?

            Yes. It does.

• My file has some specific engagement format. I don't want to change the file. Volition your product back up all date formats?

            Yes. Yous tin can select the specific engagement format equally per your requirement in the import settings.

• Practise you take whatever sample templates?

            Yes. Nosotros do accept. Sample Template

• What are the file types supported by your awarding?

            TXT, CSV, XLS, XLSX etc. Supported File Formats

• How do I written report the issues if I am stuck?
  Feel free to drop an e-mail to support@saasant.com

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Source: https://support.saasant.com/support/solutions/articles/14000096939-how-to-import-credit-card-transactions-into-quickbooks-desktop-

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