PC.5.I.3 - Creating Bank Rules | Scribe

    PC.5.I.3 - Creating Bank Rules

    • 17 steps

    ProAdvisor Challenge

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    This exercise is a ProAdvisor Challenge provided by Intuit. To find the original, log in to your QuickBooks Online Accountant (QBOA) account, then follow this path: - In the left navigation bar, hover over ProAdvisor, then click **Training**. - Click the **Training Library** tab. - Click **QuickBooks Online** to expand (it may already be expanded). - Click on the **Banking** tile. - Click **Intermediate Skills** to expand, if necessary. - Click on the **3. Creating bank rules** section. The exercise can be found towards the bottom of the page, under ProAdvisor Challenge.

    The Sample Company

    1
    To complete this exercise, you must be in the Sample company. To get into it, click on the Gear icon on the top right corner of the screen, then select Sample company.
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    Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm.

    Hands On Practice

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    Now let's get started with the exercise. As a reminder, here is the scenario: Craig would like you to categorize specific purchases from one of his vendors as promotional materials. He wants to review these purchase transactions before adding them to his books. Here’s what you need to do: - Create a bank rule in QuickBooks Online - The rule should apply to **purchases under $25** from **Hicks Hardware** - The rule should categorize these transactions as **promotional** and **not automatically add them to Craig’s books**
    2
    From the left navigation bar, hover over Transactions, then select "Rules".
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    If this is your first time in this area, you will receive a welcome screen, which provides more information about rules. We can skip through it.
    3
    Click "Go to rules".
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    Click "New rule".
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    In the What do you want to call this rule? field, type "Hicks Hardware Promo".
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    Confirm the next two dropdowns say Money Out and All bank accounts.
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    We need to create two conditions for this rule: one with the bank text containing Hicks Hardware, and one for transactions with an amount less than $25.
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    To create the first condition, click "Description", then select "Bank text".
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    The next dropdown should already have "Contains" selected.
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    In the text field, type "Hicks Hardware".
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    Now let's add the second condition.
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    Click "+ Add a condition".
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    Click "Description", then select "Amount".