The bank feed is just one of the best features of QuickBooks Online. It permits you to definitely cut down on data entry and save a ton of time. Having said that, this really is one area where I see people making mistakes all the time. One of the more common mistakes I see using the bank feed is the fact that folks are not actually attaching a name (vendor or customer) to transactions. So, how do you fix QuickBooks Bank Feeds not showing names?
This is actually the problem: When you start to run reports or search for transactions by a person, you won’t see anything listed. Well, simply because most people don’t understand one essential requirement of this bank feed.
I’ll show you the way to repair this, but first here is a good example of the bank feed.
When you look at the “Description” column, you’ll start to see the names regarding the companies linked to the charges. The most important thing to note is the fact that this is information that QuickBooks Online has stripped through the bank data and has made a fairly name for your needs. It is really not the name that may show up in QuickBooks Online.
Instead, the name regarding the transaction can come from the “Payee” column. QuickBooks Online tries to match up the “Description” field to your “Payee” field when it has got the information. But, when it does not, you’ll see the “Payee” field is blank. What this means is you need to teach QuickBooks Online what direction to go next. If you want to know about Trouble issues With QuickBooks bank Feeds, you can contact with us.
Once the “Payee” field is blank, you'll want to click the transaction, to help you see additional information about it. After that, you can easily quickly add the vendor name or add a unique vendor if you want to. This is exactly what I have done here for A1 Rental.
Realize that in this transaction detail view, the thing is a place that says “Bank Detail”. This is really what is coming from the bank. It will be the pre-stripped down information that QuickBooks uses to create what they use in the “Description” field.
I’m sure your following question is – Am I going to have to do this for every single brand new one? The answer is NO. Like I said before, QuickBooks learns away from you. As soon as you save that vendor, then most of the following transactions will have your brand-new vendor listed in the “Payee” field. The following is a screenshot of what this example appears like when I added in A1 Rental.
It took a few seconds to show QuickBooks Online what you should do and from now on all of those transactions could have the name listed. Trust me, carrying this out work now will save you a huge amount of time later when you are reviewing your financials and in case you ever have to research a transaction.
