What is QuickBooks Bank Import?

QuickBooks supports importing bank transactions via QBO (QuickBooks Online format) and OFX files. When bank statements are converted to these formats, they can be imported directly into QuickBooks, which then matches them against existing records and suggests categorizations. This eliminates manual data entry, reduces errors, and speeds up the month-end close process. FastStatement Converter exports QBO and OFX formats on Professional plans, making QuickBooks import seamless.