QuickBooks Online Tip: Use Bank Rules to Save Time on Bookkeeping
Tired of categorizing the same transactions over and over in QuickBooks Online?
Bank Rules can automate that process, saving you time and reducing errors.
Here’s how it works:
What are Bank Rules?
They’re custom instructions you set up in QBO to automatically categorize transactions based on things like description, amount, or bank text.
Example:
If you always pay “Zoom” for subscriptions, create a rule to auto-categorize those as “Software Subscriptions.”
Why Use Them?
• Speeds up your monthly review
• Cuts down on manual entry
• Helps you stay consistent in your coding
• Reduces missed deductions
Just be sure to review your rules periodically to make sure they still make sense!
Need help setting up smart rules for your business? Let’s get your books working harder - and smarter - for you.
BookWise Bookkeeping
Phone 314-325-2478
info@bookwisestl.com