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The categories may get confused by thats easily corrected. Remember that if you are downloading your account information is stored on your computer at home and can be accessed by hackers, especially if you are on an unprotected wireless network.
I use online bill pay and run QB side by side. A bit more work but safer in the long run.
I do consulting with Quickbooks in the New York Tri State Region.
Synchronizing bank account and bill payment info will allow you at home or your office to:
DOWN LOAD BALANCES
SCHEDULE BILL PAYMENTS
GET REPORTS SHOWING ACCOUNT ACTIVITY
Hope this helps, LUCKIEST
Is there someplace where I can find detailed information for synchronizing my bank account with Quickbooks? I'm totally confused about this! Thanks!
Bank of America has a service called Online Business Suite that you can use third party financial software like Quickbooks to sychronize your financial transactions. It is not only for Quickbooks but you can also use to delegate access to employees, partners, and accountants to view account infromation or make financial transactions, while you maintain secure and confidential control of the account. You can also view personal accunts, accounts from one or more business and accounts from other financial companies with one sign-on. You can go to http://www.bankofamerica.com/testdrive to try it out.