How to use Bank Rules in QBO | Reduce bookkeeping hours {Free Checklist}

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Күн бұрын

Get the QBO Optimization Checklist Here: claracfo.podia.com/qbo-optimi...
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In this video, Hannah Smolinski, CPA and CFO to growing small businesses shows you how to set up bank rules in QBO. There is so much flexibility in these rules to help you create efficiencies and automations in your bookkeeping - YAY! Maybe this can save you on bookkeeping fees too! Double YAY!
We go through:
- How to create a rule from an existing bank transaction
- How to set up rules that read the bank text
- How to set up rules using dollar limits
- How to set up rules to automatically add them to your bank register
Find more resources for your small business HERE: learn.claracfo.com/
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Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at claracfo.com/
Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.

Пікірлер: 38

@matthewbarr5265 2 жыл бұрын

hey watched a couple of videos and i have to say you explain everything very well. the titles of the videos helps find exactly where i need to go. thanks so much for the content !!! this stuff is gold

@ClaraCFO 2 жыл бұрын

Thanks so much for watching Matthew! We love hearing that, and there's much more where that came from 😁

@JeanettaK. 3 ай бұрын

Hey! Thank you so much for this series! I'd love to see a few videos about editing rules, categories, and bank accounts; and correcting transactions that you put in the wrong account. Thank you!

@HARDEEPSINGH-yo2rk Ай бұрын

Superb! Thank you!

@iloveshowtunes 3 ай бұрын

Thank you! Your trainings are very clear!

@kimb5390 11 ай бұрын

Excellent demonstration! Thank you!

@ClaraCFO 11 ай бұрын

Glad it was helpful!

@cheufdphil2487 Жыл бұрын

Thank you for your work!

@ClaraCFO Жыл бұрын

Thanks for being here!

@dorismonticone9384 Ай бұрын

Can you please a video showing how to have your customers pay an invoice using a credit card? Thank you.

@iriswallace338 2 жыл бұрын

Great stuff thank you. You do explain things very well and it makes life much easier. Is there a video that explains how to split money coming in between revenue accounts and money going out? Would love to see something on that if possible.

@ClaraCFO 2 жыл бұрын

Hi Iris, can you explain your situation a bit further?

@iriswallace338 2 жыл бұрын

If you have received $200 in your bank account, can you split the amount between two or three different revenue accounts? Going forward we won't have the same issue, but would like to record the history in the different accounts. Thank you

@mightymable740 Ай бұрын

Hi… thx for creating those amazing helpful videos. I just a bookkeeping job, pretty new at qb and I tried to add a rule for the mobile phone (just to practice) and it added all the previous months’ bills, even though the account was reconciled. I am confused 😅… How can I start a rule and do not have the input from previous months but just the future transactions, pls.

@omshalom9486 Жыл бұрын

Hi Clara, Thank you very much for your contribution. Can you clarify why the payee is A1 Rental since refund is made by A1 Rental? Thanks and respect so much.

@terrydaniels4137 9 ай бұрын

Hi Clara, Thank you for the tutorials. I just finished watching 'Bank Rules' and you did not click on the box that I believe would add a filter that I use often, which makes the rule more detailed to the information needed. It is the box labeled: Include the Following. Please click that drop down menu in your next bank ruled video, so we can see the choices available there. Otherwise, I am learning a great deal from your videos. Kind Regard, Terry :)

@ClaraCFO 9 ай бұрын

thanks for the feedback!

@sherimatukonis6016 Жыл бұрын

Do you know anything about insurance claims, specifically water or fire damage restoration. And Xactimate pricelists itemizations. Is there a way to bring that into invoicing? And is there a way to track partial payments on invoicing, deliquency tracking? And adjustments or edits on reconciled payments or posted incoming payments

@tatyanalyssova2595 Жыл бұрын

Hello Clara How to make the correct entry Annual membership fee if it is not displayed in the bank's reconcile, but in the bank statement?

@arinus72 Жыл бұрын

Hi Clara, Thank you for the great info. Simple question: Is it possible to create a Rule that when Invoice is recorded paid, the QBO automatically pays company owner a certain %. Thnxs.

@ClaraCFO Жыл бұрын

As far as I know, no. This would be more of an automation than a rule. I don't think this is possible through rules.

@lm7498 Жыл бұрын

I have a question. Please, when I connect to a company. How do I tell QBs exactly the dates I want? Thanks in advance.

@claudinehumphries9910 Жыл бұрын

Just migrated from QB desktop to QBO yesterday. Help I need to file 941 and the payroll tab in QBO is nothing like the desktop. What am I missing? I can’t figure out how to file the taxes. Yes I connected to the bank. Is it automatic? I need to know the amount that will be withdrawn so I have the funds available! Thank you.

@mikeb.781 2 жыл бұрын

Your link for 30% off QuickBooks online do I have to pay 12 months annually for the discount are month to month and still receive 30% off ?

@ClaraCFO 2 жыл бұрын

That's for the monthly billing! Thanks for using my link!

@denisesalmeri3020 Жыл бұрын

I love your tutorials. Several of the companies that I manage and do bookkeeping for are moving over QuickBooks online; one is a CoffeeBar with daily sales. What is the best way to upload/enter the daily Square Sales. I don't really need inventory, just the best way to book the daily sales that match up to the Square deposits. Each deposit has the Gross Sales, Coupons, Sales Tax, Tips, Gift Cards Sales, Gift Card Redemptions Redemptions and the daily Square fees deducted from the total daily deposit.

@ClaraCFO Жыл бұрын

Thanks so much for watching! I don't have much experience with square, but I noticed when I searched "Hector Garcia Square", that Hector had a lot of videos about square. I'd do that and see if you can find some other videos that would show you what you need to do! There is a square app to do a direct connection, but I am not sure how good it is. I would search for videos on the square app.

@user-tc7st1kv2n Жыл бұрын

Hi Clara, is it possible to use one quick book license for three different business managed under one company/owner

@ClaraCFO Жыл бұрын

Not with QB online. One company QBO account is advised! You can get the QBO accountant version so that you can toggle between each account easily and manage billing in one place.

@kenfisher7705 2 жыл бұрын

I tried your link for 30% off and it keeps forcing me back to the 50% off for 3 months? Do you have a discount code or should I contact them by phone? I have signed in and in the trial mode today. Please advise. I want you to get credit. Ken

@ClaraCFO Жыл бұрын

Ken, please email us at hello@claracfo.com with the email address you are using for your license. We can get you set up!

@balajhussain398 10 ай бұрын

All you described is for Cash Basis, but you didn't described Accrual Basis of accounting in all your previous videos. please also describe accrual basis of accounting.

@shaniyapickleberri8986 Жыл бұрын

Hi Clara. Is the QBO Optimization Checklist still available? I clicked the link and entered my email, but nothing is happening.

@ClaraCFO Жыл бұрын

Shaniya - you should be able to download it from our "shop" where you entered your email. Where you able to get it? If not, email us at hello@claracfo.com and we can email it to you.