QFX to QuickBooks Desktop — IIF Converter

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Convert Complete

QuickBooks Desktop IIF Format

Ready for download

Records converted

Import Quicken QFX downloads directly into QuickBooks Pro, Premier, or Enterprise. Full transaction preservation.

No API required
Browser-based processing
Run on Google Cloud Platform

Download Sample QFX File

Sample Quicken Web Connect QFX file to test the converter

Download Sample

Tool Rating

4.8 / 5 (34 votes)

How It Works

1

Download

Download QFX file from your bank (Web Connect)

2

Upload

Upload the file and configure your account names

3

Convert

Download the .iif file

4

Import

In QB Desktop: File → Utilities → Import → IIF Files

Your Data is Safe

Bank-Level Security

256-bit SSL encryption. Same standards as major financial institutions.

No Data Storage

Files are processed directly in browser. No calls to our servers.

GDPR Compliant

Full EU data protection compliance. Your privacy rights protected.

ISO/IEC 27001 Certified GDPR Compliant Swiss Privacy CCPA Compliant

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)

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

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.

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

Why Use This Tool?

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.

Frequently Asked Questions

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.