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In this post we will talk about usage of banking rules in QuickBooks. You will also come to know about automatically categorization of transactions from your bank. At the time of downloading transactions from your bank, you need to organize them so that they can go in the exact accounts. Bank rules fasten up this evaluation process. You can also create rules which will mechanically classify transactions for you. As much as QuickBooks will use bank rules, much better will be its classification. Once you are over with its classification QuickBooks can scan transactions also and even detailed pages can also be added like payees.

Method 1: Making of a bank rule

  • Click on to the Banking / Transactions menu.
  • Then choose the Rules tab.
  • Click on New rule.
  • Type a name in the Rule field.
  • In the for dropdown, choose Money in or Money out.
  • In the In dropdown, choose the bank account or credit card account.
  • Make your mind up for transaction that must meet All or Any of the conditions.
  • In the Conditions fields tab, verify for the rule applicable to Bank text, Description, or Amount.
  • Then choose Contains, Doesn’t contain, or Is exactly to choose when how QuickBooks applies the rules.
  • Click on to the settings for the rule.
  • Choose the Transaction type, Payee, and the Category to open.
  • Click on Save.

Step 2: Analyze documented transactions

  • If QuickBooks is using any of the rules, then it classifies those transactions in Recognized tab.
  • If everything works fine, click on  Addto move the transactions directly into an account in QuickBooks.

Consider the auto-add feature

You can manage targeted rules so that precised transactions are automatically accepted into your books from the Banking page.

To turn on the auto add feature option:

  1. Pursue the steps to add a new bank rule.
  2. Choose the automatically add to my books option on the Rules window.
  3. Click on to save option.

Once, you created an auto-add rule, any transactions can be automatically added. These add on rules run when you uploaded any file, created a file or when you log in to it.

We really expect that this detailed description will prove out to be quite useful for you in creating and setting up o bank rules. If you will go through these steps carefully you will now be able to creating and setting up o bank rules. We at QuickBooks Customer Support provide a through tour of any errors related to QuickBooks and is always steadily available to guide you. If you really want us to fix your QuickBooks Error we request you to contact us. You are free to contact us at QuickBooks Error support or you can directly mail us at

Post Author: qbooks247

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