If you do your banking with a bank or other financial institution that supports online banking, you can set up your accounts in Microsoft Office Accounting 2009 to work directly with your bank by means of an Internet connection.

You must have an online account with your bank, including a secure user name and password, before you can use online banking in Office Accounting 2009.

One-way or two-way banking

Some banks offer two-way banking (or direct connect), which allows you to pay bills and transfer funds from Accounting 2009 and to download transactions directly into Accounting 2009. Others offer a one-way relationship (or Web connect), which enables you to log on and download bank transactions from the bank's Web site. The type of relationship that a bank offers determines the pages that open in the wizard.

If you set up an account for two-way banking, you can link your existing list of online payees with the bank to vendors in Accounting 2009. You don't need to create additional online payees for vendors that you previously paid online. For more information, see Sync online payees to Office Accounting vendors.

If your bank does not offer online banking

If your bank does not offer online banking with Accounting 2009, or you choose not to set up an account with the Set Up Online Banking Wizard, you can still manually import a downloaded .ofx file into Accounting 2009 by using the Import Bank File dialog box. For more information, see Import bank transactions.

Office Accounting online banking services

After you set up an account for online banking, you can do the following:

• Transfer funds between online accounts (two-way banking only).
• Pay bills online (two-way banking only).
• Download transactions from an online account.
• Match downloaded transactions with entries in the account register.
• Reconcile an account.

After you have issued an online vendor payment, you can cancel it using Accounting 2009. The amount of time you have to do this depends on your bank or financial institution's policy. For more information about canceling an online vendor payment, see Cancel online vendor payments.

Disable online banking

You can disable the online banking setup for an account at any time. For more information, see Disable online banking.

Related topics

Add, edit, or delete a bank account

Download bank transactions

Match downloaded transactions

Pay bills online

Reconcile an account

Set up online banking

Transfer funds online