The resolution I found for this last week was to download the .CSV files, remove several additional columns from said .CSV file, remove the first 3 rows before the actual spreadsheet header row, then I had to go through and basically add a (-) minus to every credit card charge in the AMOUNT column, then removed the (-) from any transactions that were credited to the card also located down that same AMOUNT column, and then I finally was able import the transactions correctly. It is a complete PITA and must be done separately for every single cardholder once your statement becomes available.

If you're only planning on having 1 or 2 B of A business cards, the above solution I just shared isn't too bad HOWEVER, small business and cash flow go hand in hand and it absolutely makes no sense when such a huge liability account isn't showing up in live time amounts at any given moment. Your Financial Reports and projections won't be accurate or helpful until you've gone through these steps at statement closing date leaving you a month off every month. Not useful or helpful and trying to download transactions in between statements only leaves you open for duplicate transactions because unfortunately QBO does not catch those for you either. BofA has a long way to go before I'd personally every utilize or bank with them for personal or for business reasons. Their tech is simply not there and calling them for help leaves you aggravated or on hold for an hour at a time. It's unfortunate.

Chase also has a similar issue but at least their QBO files actually import to QBO and you don't have to go through all these crazy extra steps like with BofA. However, you still have to download individual activity statements for every card holder that's grouped under the primary account holder so your balance sheet will always be off.