What steps are involved in setting up bank feeds in QuickBooks Online?

Setting up bank feeds in QuickBooks Online involves a specific process designed to streamline the connection between your bank account and your QuickBooks. The correct choice highlights the necessary steps accurately.

When you go to the "Banking" menu and select "Link Account," you initiate the process of connecting your bank. This step is fundamental as it allows QuickBooks to import transactions directly from your bank. Following the prompts that appear afterward leads you through entering your bank credentials and choosing the appropriate account. This method ensures that the information from your bank is updated regularly, facilitating easier tracking of expenses, deposits, and reconciliations.

The other options do not reflect the correct procedure for establishing a bank feed connection. Using "Reports" or accessing "Charts" does not involve the banking setup process, while navigating to "Sales" to choose "Bank Connections" is also not how you link your accounts. Understanding the correct workflow is essential for efficiently managing your financial data in QuickBooks Online.