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Disable bank feeds in quickbooks desktop
Sage Intelligent Time Released. Intuit recently released QuickBooks Desktop. Insightful Accountant has been evaluating various pre-release versions of these products for months and has spent hours communicating with Intuit personnel, including product managers and developers, so we can help you learn about the new products. This article is one in a series of individual product features intended to provide additional content to that within our QuickBooks Desktop product synopsis.
You may have seen us refer to this feature as 'Improved Bank Feeds' because Intuit referred to it that way in their promotional literature regarding the feature, but under the preference settings where users select the option of using this new bank feed method it is referred to as the ' Advanced Mode ' so we are calling it ' Advanced Bank Feeds ' even though we may address it as 'improved' over both the ' Express Mode ' and ' Classic Mode '.
Bank Feeds is the online banking feature in QuickBooks Desktop that lets you connect to your financial institution so you can download transactions and use other online services. Through Bank Feeds, you can process bank and credit card transactions efficiently giving you extra time for your other business needs.
Users have had to manually categorize far too many bank feed transactions not in their books because of limited or inaccurate bank rule-based automation. This meant they had to spend a lot of time manually adding details such as payee, memo, class, and other information to their imported transactions.
Another time- consuming chore associated with bank feeds was a lack of batch action processing, as a result, users had to manually update their new downloaded transactions one-by-one. QuickBooks Desktop has made substantial improvements to overcome prior limitations of Bank Feeds and achieve improved efficiency with an entirely new 'mode' that is called ' Advanced Mode '. To select the new Bank Feeds enhancement, you must be logged in as the QuickBooks Administrator, then choose Edit from the QuickBooks Menu bar, then select Preferences , then choose Checking , then click on the Company Preferences tab, and now choose ' Advanced Mode ' under Bank Feeds as shown below.
Users can easily select the appropriate transaction and Confirm match to add the transaction s to the register. You might need to enter the Payee, or the Account or the Class within the appropriate fields, each of which has drop-down access to the corresponding QuickBooks lists. To facilitate the posting of multiple transactions from downloaded Bank Feed data, the new batch action capability permits users to quickly select multiple transactions, modify them in bulk, and then add them to your books with a minimal number of clicks.
Advanced Bank Feeds continues where 'express bank feeds' stopped when it comes to bank rules. At the same time, bank rules are continually utilizing artificial intelligence and QuickBooks then automatically utilizes these enhanced bank rules to categorize your transactions. Greater 'machine learning' is being applied so that rules are becoming smarter not simply following the first trend encountered.
One of the new functionalities added to the bank feed rules is the ability to define if a rule is for 'Money-in' or 'Money-out' transactions, this is something we have not been able to do in earlier bank rules. See the red box in the illustration above. This is a great enhancement to bank rules because it helps users more clearly define how rules should be applied.
This provides added flexibility and efficiency to enhance the AI established rules that help further define categorization criteria in all future bank feed reviews.
You will find our summary of QuickBooks Desktop and QuickBooks Enterprise for along with other related features in the 'Related Links' at the bottom of this feature. Special thanks go out to my good friend Laura Madeira who allowed me to cross-check my articles with advance copies of her features to make certain that we were consistent in providing accurate information regarding the release.
Laura, and her co-author Karen Siewert, have written three separate articles this year covering different aspects of the QuickBooks release, please be certain to check them out at Intuit's Firm of the Future blog:. I also want to thank the following Intuit personnel for their dedication in providing information, numerous briefings, and responding to my questions, as well as in guiding the actual product developments within QuickBooks Desktop and this release: Rachna Arya, Nipun Bhatia, Aditya Dixit, Sowmya Murthy, Madhumita Tayade, Muthuraj Thangavel, Tulasi Vijay Kumar Thulluru, and Raman Verma.
Note: Some images used in this feature are displayed directly as provided by Intuit, others may have been modified from the source material Intuit provided. Skip to main content. Connect with Us facebook twitter youtube linkedin RSS. Advanced Bank Feeds You may have seen us refer to this feature as 'Improved Bank Feeds' because Intuit referred to it that way in their promotional literature regarding the feature, but under the preference settings where users select the option of using this new bank feed method it is referred to as the ' Advanced Mode ' so we are calling it ' Advanced Bank Feeds ' even though we may address it as 'improved' over both the ' Express Mode ' and ' Classic Mode '.
New Rules allow user to define rule applies to either Money-in or Money-out. Back to Search Results.