My client's credit union only offers QFX downloads for Quicken, but they run QuickBooks Pro 2022. I download the QFX file each month and convert it to IIF with the correct bank account name mapped. The balanced transactions import cleanly through File, Utilities, Import without any reconciliation errors.
QFX to QuickBooks Desktop — IIF Converter
or drop files here .qfx (up to 50 MB)
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Invoice import blocked if Sales Tax enabled in QBO
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QuickBooks Desktop IIF Format
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Import Quicken QFX downloads directly into QuickBooks Pro, Premier, or Enterprise. Full transaction preservation.
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How to Convert QFX → QB Desktop
1
Export from Banking
Accounts → Transaction History → Export
2
Upload and Configure
Upload OFX/QFX/QBO Bank Transactions CSV and choose IIF File format
3
Preview and Download
Review converted data, download Quickbooks Desktop-ready file
4
Import to QuickBooks Desktop
File → Utilities → Import → IIF Files → Select File
Output is in QuickBooks Desktop IIF format — ready to import directly, no manual reformatting needed.
How People Use QFX → QB Desktop
I switched from Quicken to QuickBooks Desktop but my bank still sends QFX files through Web Connect. The converter turns them into IIF files that QuickBooks Enterprise accepts directly. Having the FITID preserved as document numbers helps me catch duplicate imports before they cause problems.
Several clients hand me their bank's QFX downloads at month-end because their QuickBooks Desktop bank feeds are unreliable. Converting QFX to IIF with the right income and expense account mappings saves me from manually categorizing every transaction. The whole process takes about two minutes per file.
QFX → QB Desktop Conversion Questions
Which QuickBooks Desktop versions are supported?
IIF import works with QuickBooks Pro, Premier, and Enterprise versions 2000-2025.
How do I import the IIF file?
In QuickBooks Desktop, go to File → Utilities → Import → IIF Files. Select your converted file and click Import.
Can I import QFX directly into QuickBooks Desktop?
No, QuickBooks Desktop doesn't support direct QFX import. You need to convert the QFX file to QBO or IIF format first before importing.
Why Use the QFX → QB Desktop Converter?
Full QFX Support
Handles all Quicken Web Connect QFX files.
Balanced Transactions
Every transaction has proper double-entry (debit = credit).
Account Mapping
Configure bank, income, and expense account names.
Desktop Compatible
Works with QuickBooks Pro, Premier, and Enterprise.
Transaction ID Preservation
FITID from QFX preserved as document number.
Browser-Based Privacy
Files process locally. Your bank data never leaves your computer.
Why Convert QFX to IIF?
What is a QFX File?
QFX (Quicken Financial Exchange) is Quicken's proprietary version of the OFX
format. Many banks offer QFX downloads specifically for Quicken users through
"Web Connect" or "Direct Connect" features. While QFX works great in Quicken,
QuickBooks Desktop can't import QFX files directly for all transaction types.
What This Tool Does
We convert your bank's QFX download to IIF format:
- Deposits become balanced DEPOSIT transactions
- Payments become balanced CHECK transactions
- Transaction IDs (FITID) are preserved as document numbers
- All amounts, dates, and memos are converted
Import via File → Utilities → Import → IIF Files.
Field Mapping
How Banking Ofx fields map to Quickbooks Desktop Iif
| Banking Ofx | Source Value | Quickbooks Desktop Iif | Target Value | Note | |
|---|---|---|---|---|---|
FITID |
202501150001 |
→ | DOCNUM |
202501150001
|
Bank transaction ID as document number |
DTPOSTED |
2025-01-15 12:00:00 |
→ | DATE |
01/15 12:00:00/2025
|
Transaction date |
TRNAMT |
-50.00 |
→ | AMOUNT |
-50.00
|
Transaction amount |
NAME |
AMAZON PURCHASE |
→ | NAME |
AMAZON PURCHASE
|
Payee name |
MEMO |
Online order #12345 |
→ | MEMO |
Online order #12345
|
Transaction memo |
CHECKNUM |
1001 |
→ | CHECKNUM |
|
Check number (if check transaction) |
Your QFX → QB Desktop Conversion is Secure
Browser-Only Processing
All conversion runs in your browser. Files are never uploaded to any server.
No Data Retention
Nothing is stored after conversion. Close the tab and your data is gone.
GDPR Compliant
Full EU data protection compliance. Your privacy rights are fully protected.
Data Transformation
Each bank transaction becomes a TRNS/SPL/ENDTRNS block
Input
OFX Transaction
One row per bank transaction
Key columns:
FITID,
DTPOSTED,
TRNAMT,
NAME
1:N — One input row creates multiple output rows
Output
IIF Transaction Block
3 rows per
input
Hierarchical structure for QuickBooks Desktop import
Common IIF File Import Errors
Issues you might encounter when importing OFX/QFX/QBO Bank Transactions data to IIF File - and how we solve them
Account Not Found
QuickBooks can't find the specified account name
Account 'Bank Account' not in Chart of Accounts
Create the account first or use exact name
Verify account names match your Chart of Accounts exactly
Edit account names in the tool options before converting
Transaction Doesn't Balance
IIF requires AMOUNT sum to equal zero per transaction
TRNS: 100, SPL: -90 (doesn't balance)
TRNS: 100, SPL: -100 (balances to zero)
We ensure each transaction balances correctly
All amounts are validated before export
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Frequently Asked Questions
You can, but free scripts and AI often miss edge cases that break real-world data: missing SKUs, currency formatting quirks, tax calculation errors, or date format mismatches. We have battle-tested validators specifically designed for accounting software imports that catch these issues before they corrupt your books. Plus, you get instant browser-based conversion without installing Python or managing dependencies.
QFX is Quicken's proprietary version of OFX. They share the same underlying structure, but QFX files may include additional Quicken-specific metadata. Both formats work with this converter.
IIF import works with QuickBooks Pro, Premier, and Enterprise versions 2000-2025.
Either works! They contain the same transaction data. Use whichever your bank makes easier to download.
Yes. The Bank Account and expense/income accounts you specify must already exist in your QuickBooks Chart of Accounts.
The FITID (Financial Institution Transaction ID) from your QFX file is preserved as the document number in QuickBooks, helping prevent duplicate imports.
In QuickBooks Desktop, go to File → Utilities → Import → IIF Files. Select your converted file and click Import.
No, QuickBooks Desktop doesn't support direct QFX import. You need to convert the QFX file to QBO or IIF format first before importing.
The maximum file size is 350 KB. For larger files, download transactions in smaller batches by adjusting your date range.
Some browsers or systems automatically convert file formats. Use a dedicated QFX to QBO converter to ensure proper file format for QuickBooks Desktop.
The FID identifies which bank the QFX file comes from. QuickBooks needs this to process the file; if your bank isn't listed, use another bank's FID as a workaround.
Banking → Quickbooks Desktop Data Ecosystem
All available data flows from Banking to Quickbooks Desktop
Banking
Bank CSV Transactions
Generic bank CSV export with flexible column detection
→
Quickbooks Desktop
IIF File
Tab-delimited Intuit Interchange Format for Desktop
Date → DATE
Amount → AMOUNT
Payee → NAME
Banking
OFX/QFX/QBO Bank Transactions
Bank and credit card transactions in Open Financial Exchange format
→
Quickbooks Desktop
IIF File
Tab-delimited Intuit Interchange Format for Desktop
FITID → DOCNUM
DTPOSTED → DATE
TRNAMT → AMOUNT
Banking
QIF Bank Transactions
Quicken Interchange Format transactions for bank and credit card accounts
→
Quickbooks Desktop
IIF File
Tab-delimited Intuit Interchange Format for Desktop
Date → DATE
Amount → AMOUNT
Payee → NAME
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