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I also would like to comment about the fact that Webconnect does not work well. In fact the whole reporting side of the store leaves much to be desired.
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We use QB Enterprise so I can't comment on your version of QB, but I can say that the QB Webconnect does not work for us either because it doesn't use the PArt number to match products. Much has been said on this board about that issue.
I played with QB today and found that I can only download invoices or sales receipts into our QB Pro2007. It goes into a separate customer file. We can not do anything with the downloaded sales receipts such as convert them to invoices. We can go into the downloaded invoice files, change the customer from the auto-generated one to match the billing/sales info. without creating a new invoice. Then we have to change the item from the description that is downloaded to the equivalent part no. in our QB program.
It saves us a little bit of time compared to working from scratch.
NOTE: I called intuit and spoke to a sales rep. He indicated that most users of the QB web connect do not have a problem with integration or it's compatibility with the web hosting company product that uses it.(NS). Maybe we can start a calling campaign to them to find out why our version is so lame!