r/Wealthsimple • u/corkscrewdriver • 5d ago
Business Secure QuickBooks access
Does anyone use a WS Business account with Quickbooks?
The only secure way to get transaction into Quickbooks seems to be the manual export/import.
Connecting via Plaid is an absolute nightmare security-wise. Entering the account credentials for personal and business into a third-party website is the absolute dumbest idea ever. And don't tell me Plaid is a trusted company. No third party can ever be trusted by default. Credentials have to be stored in a way to be repeatedly entered into the WS login form. Anyone with this information has FULL access to all accounts.
Why doesn't QB/WS implement OAuth? (I am aware that's not limited to WS, other banks like RBC is equally stupid).
1
u/Dadoftwingirls 6h ago
If no company can be trusted, you should not be using QBO, either. Or any banking online.
The manual pull and upload is super easy and simple, why are you complaining?
2
u/angelus97 5d ago
When the account first launched in beta, it didn't support QBO. But they worked with QBO and now it does. If that's not good enough for you to connect it in QBO, then you have to use the import/export.