Call Quickbooks Help and Know How to Set Up and Update a Bank Account in Quickbooks

In this article you will learn how to set up and update a bank account in Quickbooks. To know more call Quickbooks help.

Steps to set up and update the bank account in QuickBooks:

• If you haven't created a new bank account in the Quickbooks desktop chart of Account, set up a new bank account first.

1. Select Lists

2. Click on Chart of Accounts.

3. Select the Accounts button and then choose New.

4. Select the Bank and then click on Continue.

5. Enter your bank account information correctly.

6. To save your changes, click on Save & Close.

• In the QuickBooks Account Maintenance page update your bank account information.

1. Go to Employees in the QuickBooks Desktop

2. Select My Payroll Service.

3. Click on Accounts/Billing Information.

4. Sign in using your Intuit Account login.

5. Select on any of the Bank Account details in the Direct Deposit section.

6. On the message that appears click on OK.

7. Enter your payroll PIN and then click on Submit.

8. Enter the bank details of the new bank account and click on Submit.

9. Wait for the confirmation and then click on Continue.

We will send 2 test debits to your account. To post on your bank statement, it will take up to 2 banking days. To activate your new bank account before sending your next Direct Deposit payroll you will need to complete the steps given below.

• Choose the bank account where you want the QuickBooks Desktop to post the transactions returned by the Intuit service.

1. Select Send Payroll Datafrom employees on the top menu bar.

2. Select Preferenceson the Send/Receive Data window.

3. Select the new bank account from the drop-down liston the Account Preferences window.

4. To save your changes click on OK. On the Send/Receive Data window select Close.

Steps to activate your new Direct Deposit bank account:

• Check your bank statement after one or two banking days and make a note of the two small one-time withdrawals made by QuickBooks Payroll Service.

• Follow the steps given below:

1. Go to Employees

2. Select My Payroll Service

3. Click on Account/Billing Information.

4. Using your Intuit Account login, sign in.

5. Next to your Direct Deposit bank account information, select the Verify link.

6. To verify your new bank account, enter the 2 test debit amounts.

7. Enter and confirm your payroll PIN.

8. Click on Submit.

• To use while creating paychecks in Quickbooks Desktop change the default bank account.

• Change the bank account in the Quickbooks Desktop where payroll fees will post.

To know more on how to set up and update a bank account in Quickbooks Call Quickbooks Support on toll free number 1 (855) 441 4436. Our team of experts is ready to help you anytime anywhere. Feel free to reach us. Also, you can write to us at support@quickbookconsulting.net. For more information visit, www.quickbookconsulting.net.