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Posted by eAccountant on July 15, 2007, 3:12 am
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> > Hi
>
> > I am entering banking transactions in quickbooks for a client.
> > Right now everything is done manually from the statement.
> > We want to use online banking and download the transactions right into
> > quickbooks.
>
> > My client banks with HSBC and has already subscribed to their internet
> > banking service called BIBS. Does he have to apply seperately with
> > HSBC for downloading transactions into QB or will the same internet
> > banking account do ?
>
> > Has anyone done this with HSBC before ?
>
> > Sandeep
>
> My experience has been with Wachovia only, and they do require a
> subscription to allow downloads and bill paying capability - and at a
> monthly charge of course($14.95). I researched other banks in my area
> and it was pretty much the same story give or take a couple of bucks
> (it ranged fr $9.95/m to $21.95/m). In all cases you have to apply for
> Quickbooks access to any/all accounts.It appears that free downloads
> are only available to consumer accounts these days.
Thanks for the help. We figured out a way. For the time being
we are downloading the transactions using webconnect (.qbo) files.
This is not costing us anything except whatever the charges are
for regular internet banking. I dont know if there is a downside
though.
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