QuickBooks is a boon to small and medium-sized business owners. It provides many features and benefits to the business owners with all the data in the place with the ease of operating everything from one place and connect American Express business account to QuickBooks Online.
You can select the QuickBooks version as per your need and business requirements. QuickBooks Online is a cloud-based version that is a cloud-based version that provides a robust feature, strong accounting, online payroll, attractive invoices plus many more features. Today’s article will show you how to connect your American Express business account to QuickBooks Online.
Steps to Connect the American Express Business Account to QuickBooks Online
Online banking is one of the best features of QuickBooks online. If you connect your account QuickBooks download automatically and categorize the transactions for you. You can follow the below steps to connect and make connect the American Express Bank Account to QuickBooks Online.
Step 1: Create the American Express Business Account on Chart of Accounts
- Go to Accounting >> Select Chart of Accounts.
- Select New to create a new account.
- Now choose the Credit card from the drop-down menu given.
- Mention the account name.
- Once it is done Save and close.
Step 2: Connect American Express Business Account to QuickBooks Online
- Firstly go to the Banking menu or Transactions menu.
- If you are selecting an account the first time then select Connect on the page that comes.
- However, if you have already connected the online banking account to QuickBooks then you need to select Add Account.
- Search and choose American Express Business credit card then select continue.
- When a new window comes, do sign up with the American Express login credentials.
- Use the instructions to use coming on the screen for the additional security.
- Now select the account which you need to connect with QuickBooks.
- For every account select the account type from the drop-down menu.
- This is that account that you have created earlier in the above step.
- Select the date range to download.
- Select connect.
How to Disconnect an American Express Account from QuickBooks
Here’s how to disconnect a bank or credit card account from QuickBooks in case you ever need to:
- First, you have to go to Bookkeeping, then you have to select Transaction, and then you have to select Bank Transactions.
- For one of your American Express accounts, select the blue square.
- To open the Account window, you have to click the Edit button, then click Edit account information.
- Now you have to check the box for Disconnect this account on save.
- Click on the save and close option.
- The account is then removed from online banking as a result.
How to Switch from Multiple American Express Accounts to One Account in QuickBooks
You can switch to tracking all of your American Express cards through a one parent account if you are now tracking them through individual accounts. After reconciling your current American Express accounts, proceed with these procedures to simplify things.
- First, log out of every American Express account you have. For steps, see the section Disconnect an American Express Account.
- Begin by going to Bookkeeping, then you have to select Transaction, then you have to select Bank Transactions.
- Now you have to select Add accounts.
- In the search results, look for and choose American Express Credit Card (US) – Parent Accounts.
- Till QuickBooks prompts you to download past transactions, follow the on-screen instructions. There are two options for managing previous transactions. Since the first approach is simpler, we advise using it.
- Choose the day following your American Express accounts’ most recent reconciliation when QuickBooks prompts you to download historical transactions. then complete the on-screen instructions to link the parent account. QuickBooks will only download data from reconciliations you have performed so far. The previous transactions will be preserved in the American Express accounts that you disconnected. Future transactions made using your new American Express parent account will be tracked.
- Contact your accountant if you decide that the parent account should contain all past transactions from the separate American Express accounts. Create a journal entry with them. The old transactions will be balanced with the new parent account using their knowledge. Go to your Chart of Accounts and make the individual American Express accounts inactive when they create the journal entry. The only account holding American Express transactions ought to be the new American Express parent account. In doing so, QuickBooks avoids counting transactions more than once.
What to do if American Express Accounts are Grayed Out on QuickBooks Online
Some American Express Business card accounts can be grayed out when you connect. There are a few possible causes for this.
- For online banking, the account is already linked to another QuickBooks Online business. Accounts with American Express can only be linked to one company at once.
- The QuickBooks side of the connection isn’t complete. If this occurs, the browser may abruptly close or the connection may abruptly close.
Open the QuickBooks company that your American Express account is currently linked to if you wish to connect it to another business. There, disconnect the account. To connect it you have to follow the steps in this article.
If the connection was unsuccessful, log out of the account from the American Express website.
- Please visit the American Express website.
- The Account Services tab should be chosen.
- Then you have to select Security & Privacy.
- To expand the section, choose Manage Partner Permissions and then Intuit.
- To stop the connection, choose Disconnect.
- To reconnect the account to QuickBooks, you have to follow the instructions in this article.
It’s done now and your American Express Business account is connected to the QuickBooks online. It will automatically download and then import the transactions and that’s why you don’t have to enter them manually. You can see them in the Transactions menu or Baking menu. Now you are ready to add, match, and review. You can attach one American express Business login to your QuickBooks company.
However, you can connect many cards to log in. To know more get connected with the QuickBooks consultant helpdesk. Experts are available 24*7 and are ready to solve all your issues and errors. QuickBooks technicians are polite, professional, and trained enough to rectify all types of issues efficiently and quickly.
