QFX to QBO Converter

Why convert a QFX to QBO?

This is the classic mid-migration problem: your bank offers downloads in Quicken's format, or your history lives in QFX files from your Quicken years, but the books now live in QuickBooks — and QuickBooks imports QBO Web Connect files, not QFX. Re-downloading is often impossible for older periods, so the files you have must change format.

Fortunately the two formats are close family. QFX is Quicken's variant of OFX, and a QBO is OFX 1.02 underneath — so the conversion is a change of envelope, not of data, and your transactions cross over intact.

What the conversion does

Every transaction is carried over exactly — date, description and amount, with no currency conversion — and because the input is an OFX-family file, its bank identity is kept: the account number, and the INTU.BID when the source file carries one, so the QBO identifies the same bank and account the QFX did.

If the source carries a closing balance, it is carried over; if it does not, the QBO has none — a balance is never invented. Before importing, you can run the result through the QBO File Checker to verify its structure without changing a byte.

Format notes and where the QBO goes next

Import the QBO through QuickBooks' normal Web Connect or bank-feed import, exactly like a file downloaded from the bank. If QuickBooks pushes back, the OFX to QBO converter and fixer rebuilds OFX-family files as clean OFX 1.02 and explains the common refusal messages.

Other exits from QFX: the QFX to OFX converter for generic OFX readers, the QFX to CSV converter for spreadsheets, and the QFX to PDF converter when you need a printable statement instead of data.