Let us provide some information on why you were asked to share your bank data in QuickBooks Online (QBO), John.
QBO bank feed connections are an agreement between Intuit and your financial institution to provide your data directly. Sharing your bank data allows QBO to connect directly to your bank and import your transactions automatically. This makes it easier to keep track of your financial transactions and ensure your records are up to date. Also, by connecting your bank data, you can reconcile your bank statements with your QBO records. This ensures accuracy and identifies any discrepancies. You can refer to this article about connecting your bank account to the program: Connect bank and credit card accounts to QuickBooks.
Also, we utilize the Secure Sockets Layer (SSL) protocol along with RSA Security Inc. encryption during online communications and optimize the protection of your data. QuickBooks features a password protection system that permits only users with the correct password to access their financial data. Your Internet Banking details are stored in an encrypted format that no one at Intuit can view or access (even from the back end). To learn more about this one, check out this article: How secure is online banking through QuickBooks?.
Furthermore, visit these articles that will help you categorise the uploaded transactions and reconcile your bank accounts in QBO:
We are always ready to back you up if you have any other concerns with managing your bank transactions or any QuickBooks-related concerns. Feel free to leave a comment on this thread. You have a good one, John.
