I have been using the downloading bank transactions feature for several clients. It works well if you need to enter a lot of debit card or credit card transactions. It makes the data entry much faster – saves some typing.
You still need to reconcile your bank though. Don’t make the mistake of thinking that downloading and reconciling are the same thing. I like to download and record the transactions first, then reconcile to the month end balance from the bank statement. Occasionally there will be a transaction that doesn’t download for some reason.
By reconciling, I know that everything has been accounted for.
If you would like some help with this feature, email me at firstname.lastname@example.org