Hello, and welcome to lesson two, connecting your banking and credit card accounts to QuickBooks self employed. In this lesson, I'm going to show you how you can connect your bank accounts and your credit card accounts to QuickBooks self employed. But I'll first like to say I'm going to try to speak as slowly and as clearly as possible. This class is an instructional class showing you how to do something. So therefore, I need to make sure that I speak clearly. And I am very precise in what I am sharing with you.

I tend to speak really fast. I don't know if it's because I'm moving really nervous, and therefore I make up for it by speaking fast. So I'm going to try to control myself and not speak quite as fast. Okay, so let's get started. So QuickBooks self employed allows you to connect your bank account No credit card accounts to software. And the purpose of this is so that all of your transactions automatically upload into QuickBooks self employed as they happen.

So Gone are the days when you have to actually sit there and do the boring tedious data entry that is normally required to include your transactions into your accounting software. Now it's done for you automatically. So what you do is you go to the transaction tab and then you will click on this arrow where it says add transaction then you will click on Add accounts. Once you click on Add accounts as you can see, we have different accounts Chase, Bank of America, PayPal, Capital One Wells Fargo so on and so forth. Now if for some reason you don't see your position accounts, you can actually just go into this search box and type in, for example SunTrust. And there you go.

So test SunTrust bank shows up, click on central banks. And when you click on the bank that you bank with, it's going to automatically take you to this screen which is assigned into your bank screen. Now what this screen that allows you to do allows you to use whatever the user ID and password is for your account. That is what you put in here. So for example, this is a SunTrust account. If my username for my son trust account was Jane Doe, I will type Jane Doe in this box.

And if my password for my son trust account is Mr. Mr. john doe, I will type in Mr. john doe, in the password section, and then I will click on Connect securely. Once you click Calling Connect securely, all of your banking information is going to automatically populate into QuickBooks self employed. Now, one thing I have to say is I do believe that only I believe it's either four or five months of data actually populate into QuickBooks self employed. So if you happen to be doing this, let's say after the month of May, because January, March, April, May, May is five months. So if you do this, let's say in May, on August, you're only going to get transactions that go from August back five months, which I believe is March, April, May, June, July, August. So you only get March, April, May, June, and July.

But you don't you know, I'm trying to say you get basically five months going back. So if, for example, the five months stops in April, that means you weren't able to import January, February and March. There's another way that you can import that and I'm going to show you how to do that in the next lesson. But for this lesson, I'm showing you just how you can actually connect your bank accounts or your credit card accounts to QuickBooks self employed. So let's go back to the search. Okay, so if your credit card is a capital one you will do the exact same thing you will click on capital one and then you will pick whichever account refers to you so if you have a credit card with monthly statements you will click on this particular this particular link and so on I'm not quite sure what all this means this is all French and foreign to me I do know what the sparks a spark businesses that is a capital one credit card.

So you will figure out whichever one relates to you and you will click on that particular link and it will include whatever username and password you use for your actual Capital One credit card account Okay, so let's get out of here. And as you can see, once you upload your banking information to your bank account information to QuickBooks self employed Everything automatically uploads and shows itself right here on this particular screen. Now, in another section, I'm going to show you what to do with the results that you get from the actual upload. Now, for those of you that have 150 bank accounts that you use, you can actually include all 150 of them in QuickBooks self employed. So if you're one of those people that has several accounts, and you you you have transactions going in, coming in and going out of different bank accounts, you can actually upload all of those accounts to QuickBooks self employed.

Now, I always advise my clients to try to just use one account for business. But for the people that don't listen, they may have one account that that uses both physical business and personal or they may have three or four business accounts. Now you can have three or four business accounts. Or let me say this, they may have three or four accounts that they use for both business Personal. Now if you're one of those people that likes to keep life complicated, and you choose to have three or four accounts that you use for both business, business and personal, you can upload all four accounts to QuickBooks self employed. Now that the purpose of doing this is so that you can capture all of the expenses, and all of the other capital, all of the all of the transactions for each account now.

Now in order to see how many accounts you have connected to QuickBooks self employed, you just click on this icon here, you click on bank accounts. And this will show you all of the connected accounts you have on QuickBooks self employed, whether it be bank accounts or credit card accounts or even PayPal accounts. Now if you're one of those ones, like I said, that has several accounts that you use for business and personal, but you decided that Okay, I'm going to eventually want want to narrow it down to one account, but in the meantime, In between time, you do have transactions in four different accounts. And you would like to capture all transactions, you can go ahead, as I said, and pull off all four accounts into QuickBooks self employed. Now once you are done categorizing all the transactions from all of those different accounts, and you then decide, okay, now that I have, I have captured all of all of the transactions from all my accounts, I would, I would like to just use one account moving forward.

So you don't want to see all the clutter, or all the information from the accounts you've now decided not to use because as long as those accounts are active on QuickBooks self employed, all the transactions that occur on that account are going to upload into QuickBooks self employed, you may not want that to happen, because you have decided that you're not going to you're not going to use those three accounts anymore for QuickBooks self employed. So how do you go about shutting it off once you get to this page You can shut them off right here. So all the ones that you see that say off, they all the transactions no longer upload into QuickBooks self employed. If I want to turn it back on, I can do that. So now since I've turned it back on, if I go back to the actual main transaction page, I'm now going to see all the transactions from this particular account.

But that's not what I want. I don't want to see that. So I'm going to go ahead and turn it off. So that's what you can do. Once you have pulled the information you need from the accounts that you no longer intend to use the business you can come in here and shut them off. So in this lesson, we talked about how you can connect your banking and your credit card accounts to QuickBooks self employed.

We also talked about how you can hide accounts, you no longer want to use a business. In the next section, we're going to talk about how you can capture transactions that you weren't able to control you weren't able to capture by uploading your banking information into QuickBooks self employed because of the cutoff, the five months cutoff and hopefully I'll see you in the next lesson.