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In this video tutorial, the presenter explains how to download and categorize transactions from banks and credit cards into QuickBooks Online. If you already have a QuickBooks Online account set up and connected to your banks, you can skip the setup process. The video covers setting up QuickBooks for the first time and offers a discount link for new accounts. All versions of QuickBooks perform the same functions demonstrated in the video, so the version choice doesn't matter. The steps for downloading and categorizing transactions are the same across all versions.