There are two methods to set up a new bank account in QBO.
Direct feed connection
This is generally used for a bank account that you know has a bank feed available and is set up for bank feed access.
To set up, go to the Banking tab in QBO and click the 'Add Account' button
The 'Direct Feed' page will open and you simply need to type in the name of your bank and follow the prompts!
Manually add a bank account
This option is great if there is no bank feed available or if you want to connect the bank feed later.
To set up, go to the the Accounting tab in QBO.
When the Chart of Accounts loads, click on 'New'
In the following window, select and enter the account particulars.
'Account Type' - change to 'Bank'
'Detail Type' - we've selected 'Checking', since we are adding a Bank of Canada checking account to QBO
'Name' - provide your custom name for this bank account.
You can also add in a description in the description field.
'Currency' - this is where you nominate the currency of the bank account. In our example, it is Canadian Dollars
'Balance' - this is the opening balance section
In our example, the current date is the 8th of June 2018. The account we are adding isn't new and has been in use for a few years. We only started using QuickBooks online on the 1st of January 2018, so we need to enter the closing balance of the bank account to be on the 31st of December 2017 (this is also known as a conversion balance when changing accounting systems).
Please note: If this is either a new bank account or an old bank account, and you plan on importing all past bank statement data into QBO, you will not need to enter an opening balance in the Balance field.
Our closing balance for this account as of the 31st of December 2017 was $31,323.58.
When you've finished entering the account particulars, click 'Save and Close'
The new bank account is now in your Chart of Accounts
If you would like to connect a direct bank feed to the new account you can click the drop down arrow beside 'View Register' and then select 'Connect Bank' from the options
LINKING THE NEW BANK ACCOUNT TO A2X
After you've added the bank account to QuickBooks, you can go back to A2X and map it to that account.
Go to A2X Settings > Connections > click on 'Refresh QuickBooks Cache'
Select the bank account from the drop down list
You have now linked the new bank account to A2X!
If you have further questions, feel free to reach out to us at email@example.com. We would be glad to help you.