I'll share some information about the Bank Feeds in QuickBooks Desktop (QBDT) and how it works, @Marvelousmeade.
Bank feeds offer significant benefits. It allows you to connect your bank and credit card accounts to QuickBooks, making it easier to reconcile transactions and keep your books up to date. It streamlines the process of importing and categorizing your bank transactions, saving you time on manual data entry.
You have two ways to set up a bank feed in QBDT, either with Direct Connect or Web Connect depending on what's available at your bank. Once connected, QuickBooks will automatically download your recent transactions and categorize them based on your preferences.
Moreover, there are no fees associated with using Bank Feeds in QuickBooks. However, some financial institutions may charge a fee related to the use of a bank's service. Intuit doesn't have control over these charges and we recommend that you get in touch with your bank or credit card provider for more information.
Overall, a bank feed in QuickBooks Desktop can greatly improve the efficiency and accuracy of your bookkeeping tasks as it helps ensure the accuracy of your financial records by providing real-time updates and reducing the risk of human error.
I've added this article that covers basic info about Bank Feeds in QuickBooks for Windows: Set up or edit bank accounts for Bank Feeds in QuickBooks Desktop.
If there's anything else on your mind or looking for answers about QuickBooks features, share your concerns in the comments below and we'll get back to you.
