A Quick Guide To Fix QuickBooks Error Code 103
                     A Beginner’s Guide to 
Online Banking in 
QuickBooks Online
The Banking function of QuickBooks Online gives companies an easier way to handle their 
financial transactions by allowing for data entry and reconciliation. With the help of this 
beginner’s guide to online banking in QuickBooks, users can cocmpare their bookkeeping 
with their bank’s records and identify discrepancies promptly.
Users must exercise caution and manually enter critical transactions like checks, customer 
payments, and asset purchases to maintain accurate records. Businesses need to leverage 
the Banking feature as supplement to their bookkeeping process with this beginner’s guide 
to online banking in QuickBooks Online.
Use our QuickBooks Online Banking service to manage your finances effortlessly. Avoid by 
combining automated data entry with manual oversight. Contact our experts on our Toll-
Free Number 1–855–856–0042.

Essential Considerations While Transferring 
Transactions to QB Online
Important things to consider while transferring transactions to QB online are mentioned 
here.
• Before importing transactions into QuickBooks Online, ensure there are no existing 
transactions awaiting acceptance. Overwriting can occur if new transactions are 
imported manually without first processing existing data.
• If duplicates are detected, they can be easily excluded from the bank feed. Simply 
select the duplicates and utilize the ‘Exclude selected’ option.
How to Set Up Online Banking in QuickBooks?
The steps listed here will help you to set up online banking in QuickBooks to avoid issue 
such as QuickBooks Error Code 103.
Step 1: Link your bank account
• Start by going to either ‘Transactions’ or ‘Bookkeeping,’ depending on your view.
• Choose the ‘Bank transactions’ tab.
• If you’re connecting your first bank account, click on ‘Connect account.
• If you’ve already linked an account, select ‘Link account.
Step 2: Upload transactions manually
• If you need to import recent or older transactions, or if your bank or credit card isn’t 
synced with QuickBooks yet, you can manually upload transactions using a CSV file.
Step 3: Review, categorize, and match transactions
• After importing your transactions into QuickBooks, it’s essential to review and ensure 
they are correctly categorized and matched.
Step 4: Explore the banking dashboard
• Upon connecting to QuickBooks, you will get a banking dashboard.
• Within the ‘Bank Transactions’ tab, you’ll find the following sections:
For review: This section displays newly downloaded and uncategorized 
transactions that require your attention.
Categorized: Here, you can view all transactions that have been sorted into their 
appropriate categories.
Excluded: This area shows any transactions that have been excluded from 
processing.
•  To add a transaction, simply select ‘Add’ under the Actions column.
Step 5: Exclude a transaction
The transaction will vanish from your account registers and financial reports after it has been 
excluded. It is best to consult your accountant for advice prior to taking this step.
Step 6: Establish Bank Rules
You can configure bank rules in QuickBooks to automatically classify your transactions.
• Head to ‘Transactions’ and click on ‘Rules.
• Select New rule. For comprehensive instructions, refer to ‘Set up bank rules to 
automatically categorize transactions.
Step 7: Reconcile An Account
• Afterward, it’s essential to reconcile your accounts in QuickBooks with your bank and 
credit card statements.
• Essentially, you’ll compare each transaction in QuickBooks to the corresponding entry 
on your statements.
Step 8: Examine the Report on Reconciliation
• Examining the reconciliation report that QuickBooks generates is essential once the 
accounts have been reconciled.
• Then head to the ‘View Reconciliation Report’ section of the report to check the 
payments.
Hopefully, a beginner’s guide to online banking in QuickBooks online will help you in 
importing transactions. With these precautions, businesses can effectively leverage 
QuickBooks Online for accurate and streamlined bookkeeping. For further assistance, 
contact us on our Toll-Free Number 1.855.856.0042.