QuickBooks is showing this message because Australian banks are shutting down the old bank feed system and moving everyone to the new Open Banking (CDR) feeds. Your current feeds will stop working on 31 May 2026 unless they’re reconnected. The ‘check readiness’ step simply confirms whether your bank is approved for the new Open Banking feeds — it’s checking the bank’s status, not your accounts. Once your bank is on the approved list, you just need to reconnect each bank account in QBO using the new Open Banking option. It’s a one‑off update and only takes a couple of minutes. This keeps your automatic bank feeds running. FYI Xero will be doing the same thing. The deadline of 31 May is a QBO deadline not a universal one.

⭐ Why QBO sometimes lets you inactivate an account even when it has a balance Because QBO doesn’t care about the balance when deciding whether an account can be made inactive. It only cares about whether anything is still actively using that account. Here’s the real rule: QBO will let you make an account inactive as long as nothing in the system needs to post to it in the future. Historical balances don’t matter. So yes — an account can have a $5,000 balance and still be made inactive.

I must admit- I should know everything- but I haven't yet worked out how to pin an app in the new quickbooks layout? Anyone else in the same boat?

Quick Books has a GST Agent! How good is that! Gives tips on errors and inconsistencies that need looking at

Something that I don’t like about quick books (sorry). If you think an invoice from a client has been paid but cannot locate the receipt it may be shown as an 'unapplied cash payment': On a cash basis, Unapplied Cash Payment Income shows on the Profit & Loss Why?-because QuickBooks has received money but hasn’t matched it to an invoice. On accrual basis, that amount does not appear as income at all. Instead, it sits on the Balance Sheet as a liability (basically “money received but not yet earned”). In fact, it is very difficult to find on the balance sheet as it is ‘hidden’ in the accounts receivable balance! Accounting term ‘hidden’ meaning very difficult to locate!!