Import into Quicken, QuickBooks Online, Xero or your accounting software
Bank2QFX converter from ProperSoft converts bank, credit card files in OFX, QIF, QBO format to the QFX format. In addition, it can open incorrect QFX file as well and make it follow the QFX specification.
QFX files are importable by many accounting systems (online or desktop) like Quicken, QuickBooks Online, Wave Accounting, YNAB and many others.
Quicken imports QFX (Web Connect) files directly into bank or credit card accounts.
Note: Quicken does not import category details through an QFX file as QFX specification does not have any placeholders for category details. Quicken offers the "categorization" feature during import and the renaming rules to assign categories based on payee and memo details.
QuickBooks Online imports OFX files and sometimes QuickBooks may refuse to import your OFX file. Use Bank2QFX to make your OFX files importable. You may also use Bank2QFX to review existing QFX files (look what is inside an QFX file)
Quicken for PC/Windows allows to export transactions as the QIF format (export each account separately to make your conversion process easier), and then use Bank2QFX to convert to OFX and then import into QuickBooks Online.
Note: QuickBooks Online does not import category details through an QFX file (or another format like CSV/OFX/QBO as these formats do not carry the category details). The reason for that is the following: QuickBooks links every transaction to a vendor record, and an expense/income account and these accounting details are available on QuickBooks Online. The matching process in QuickBooks Online (review after import) is simple, and QuickBooks learns from you as you work with your transactions.
Once you have QIF file exported from Quicken on PC, you can use Bank2QFX to convert QIF files to the QFX format compatible with Xero accounting system.
Similar to QuickBooks Online above, Xero provides an interface to review/match transactions after import.
Unlike QuickBooks Online, Xero supports additional columns like Reference and Check the number on CSV files, and Bank2QFX provides values for these columns as long as the source has the details. The reference is usually available in OFX/QFX/QBO files and the check numbers are available in OFX/QFX/QBO/QIF files. QIF files combine the Reference/Check number and usually have the check number available. Bank2QFX parses all compatible/importable details and saves them in the CSV file.
Bank2QFX tries to parse your OFX, QFX, QBO, QIF files even if the files are not following its specification. Once the transactions are inside the application, you can convert them to an QFX file following the specification, so your accounting software that previously rejected your QFX file or could not import a QIF or OFX or QBO file will import your transactions now through a correct QFX file.
ProperSoft provides free trial (10 transactions limit on the output file) and free support before purchase for all converters, you can verify ALL transactions inside the converter before converting and create a sample file to import into your accounting software to verify before purchase the converter is working. On top of that, we offer 14 days money back guarantee should you experience any issues after purchase and we cannot resolve them for you.
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Hi, I’m Sergiy Tytarenko.
I write converters for transactional formats since 2008 and know about all issues and problems QuickBooks, Quicken, Xero and other accounting software have when it comes to importing your transactions.
I live in Whitby, Ontario, Canada since 2003 and originally from Ukraine.