Otgon Techno & Gadget Portal

The letter provides the information you need to set up your accounting program (Quicken, QuickBooks, Microsoft Money, or another program) for the online bill payment service. When you set up a bank account in your accounting program, you are prompted to enter information that the accounting program uses to connect to the online banking service and to uniquely identify the bank and the account. Read More…

Another potential drawback is that some merchants don’t like to deal with electronic payments. Reportedly, some banks with their own online bill payment services have balked at accepting electronic bill payments through Intuit or another financial institution. To be candid, we have had trouble paying some bills electronically, which is understandable. Read More…

If you want to use only online bill payment, you can use any bank. You will, however, need to sign up with an online bill payment service such as Intuit’s. (When you sign up with an online bill payment service, you give the service permission to write checks and make electronic disbursements from your existing bank account.) Read More…

With Intuit’s Quicken and QuickBooks products and with Microsoft Money, for example, the program will actually make many of the comparisons between your records and the bank’s records. This is easy, of course, because it’s easy for the accounting pro- gram to compare your electronic records with the recently retrieved electronic bank statement. Read More…

Online Account Transfers

With online account transfers, you can use your account program to move money between accounts. You can, for example, move money from a checking account to a money market account. You can sometimes move money from bank accounts to liability accounts (like a credit card account or a loan account) if the accounts are all at the same bank. Read More…