First use of linked to business bank account

[yrtcmp]

Hi, we have today paid for our business HSBC bank account to be linked to Quickfile, and so far it is making little sense to us - starting with the balance figure being not very close to the actual amount in the account.

Is there anywhere that we can read up about how it works please?

[QFMathew]

Hi @yrtcmp

Which balance figure are you referring to? Do you mean the one on the bank statement view?

It’s worth noting the feed will only work from the day it’s set up. You can import transactions from up to 28 days before that day though.

[rhc]

Hi yrtcmp,
Are you new to quickfile? Then you should start with uploading a Trial Balance from your old system. Or you can enter a opening balance. Then you need to set the journal date to correspond with the date you started using QuickFile. May you find this helpful:

Importing data from another system

Introduction When migrating to QuickFile from another accounts package you may need to consider how you will bring across the data stored there. This guide will discuss 3 methods for importing data. You can also use our interactive questionnaire here to point you in the right direction. Unless you have a very new company you don’t want to go back and import every single invoice and bank transaction. Importing Opening Balances is the quickest way to get started on QuickFile. Most accounting app…