What do Bank Feeds automate?

Bank feeds automate the process of retrieving and integrating bank transaction updates directly into the accounting software. This functionality allows users to have real-time visibility into their financial transactions without the need for manual data entry. By automatically importing transactions, bank feeds streamline bookkeeping tasks, reduce the risk of human error, and save time for accountants and business owners.

While the other options involve aspects of financial management, they do not pertain directly to the automation provided by bank feeds. Monthly account reconciliations are a more manual process that occurs after transactions are updated, invoice distribution relates more to the process of sending out invoices, and the assignment of invoices to payments requires user intervention to match transactions. Thus, option A accurately captures the purpose of bank feeds in automating and enhancing the efficiency of financial data management.