we need to set up account for bank feeds in QuickBooks Desktop
Go to QuickBooks banking menu
Select Bank Feeds under your bank feed by selecting Setup Bank feeds for an account.
Once you select that option it will give you new windows to select your bank. Here you need to select your bank if listed their or else you can type the name of your bank if it’s not listed.
Depending on the bank it will give you the option how you want to setup your bank account, for example, Direct Connect or web connection.
After adding the account try to make any transaction, if you are still facing the same problem try to Deactivate the account and then enable it back.
This error mostly arrives with Americanexpress. The reason because American express does not support Direct connect for certain types of business accounts.
So, if you are still facing the same problem you need to download the transaction using webconnect.
To download and Import the transactions using webconnect, first you need to login to your bank and download the transaction into the (.QBO) format.
Once you downloaded the transaction Go to the file from the top menu bar.
Once you click one file it will give you a drop-down menu under the dropdown menu select Utilities then click on
After you need to select the file where it is located for example if the file is located in Downloads go to the download and select the file make the file extension should be (.QBO)
Click on Open.
After that It will give you two options first is Use an existing QuickBooks account if the account is already in the list in which you are Importing the file and second is Create a new QuickBooks account. Select this if the account is not listed in QuickBooks in which you are you are Importing the transaction.
Now select One you click on continue it will give you a dialogue box telling that your data has been successfully read in to QuickBooks.
After that you need to click on Ok.
Now go to the Bank Feed Center to review the transaction.
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