Are you using QuickBooks Online?

One of the most time saving tools in QuickBooks Online is using the bank feed to automatically download banking and credit card transactions. Taking advantage of this tool saves you time and money. The days of manually entering your transactions are over. All banking transactions can be imported into your QuickBooks Online bank feed.

If you use checks and enter those checks into QuickBooks Online, then once the transactions are downloaded from your bank account, you just match those transactions with the manually entered transactions.

If you use a debit card, those transactions do not have to be entered manually into QuickBooks. They are automatically downloaded from your bank; you can attach your receipt to the transaction and categorize the transaction appropriately.

So, what do I mean by categorize?

The category is the account you are charging the income or expense to.

Here is a quick video that explains this process.