This tutorial shows how to use CSV2QFX utility. IMPORTANT: CSV2QFX is now replaced with the Transactions app, which converts from more formats and converts to more formats.
You can download CSV2QFX at https://www.propersoft.net/products/csv2qfx
Click the 'Download' button.
And then select Windows or macOS version to download.
Once downloaded and installed, start CSV2QFX. Read the welcome message that provides main points about the conversion process.
Select a file with transactions that you would like to convert. It could be CSV or Excel file for bank or credit card transactions.
Review transactions before converting, make sure dates are correct, expenses are negative, and payments to the account are positive.
Set the Account ID and Account Type. The account ID must be digits only. You can enter the actual account number or credit card number, or a shortened number. It is important to use the same number when you convert multiple files for the same account, and use a different number, when you start converting for another account.
For example, let's start with the first file for a checking account. Convert the first file and use account id as 10000001. Then you convert a second file for the same checking account, keep the same account id 10000001.
Then you start with a credit card account. For the first file for the credit card account, change the account id to another number, for example, 10000002. For the second file for this credit card account, keep the Account ID as 10000002.
When you start working with another account, make sure to adjust the account type as well.
The account type is important to set as Quicken allows you to import created QFX file for a credit card account only into credit card account in Quicken and for a QFX file for a checking account, Quicken imports this file only in a bank account.
For Quicken US edition, the currency must be US Dollar, for Quicken Canadian edition, the currency can be US Dollar or Canadian Dollar.
INTU.BID value is another important parameter to set. This value defines the bank label you see during QFX file import in Quicken. This value does not have to match your account name in Quicken, but it has to be from allowed by Quicken bank.
Some users do want the name of the bank to match the bank name in Quicken, and you can do this by selecting the appropriate INTU.BID value. But if your bank is not listed on not allowed, you can easily use any other bank label.
INTU.BID value applies to the account type. Some INTU.BID values are allowed for certain account types only.
Click the 'Lookup' button to see the list of banks.
Search for your bank. This code (07492) can be used for credit card account only.
This code (03000) can be used for checking, savings, credit line, credit card, almost for all account types.
There are some other settings that discussed in another video, we would skip these for now as you need them only in specific situations and you know when you need to change these settings.
Set the “Open after save” checkbox if you would like the software installed on your computer to open the created QFX file. If you have Quicken installed, it would be Quicken to open this QFX file.
Click the 'Convert' button.
And confirm the filename and the file location.
To import the created QFX file manually, in Quicken, click File, File Import, Web Connect (.QFX) file.
Select the created QFX file.
And now we select 'Create a new account' or 'Link to an existing account'. Click the 'Import' button.
Transactions are imported. Click the 'Accept All' button.
Transactions are inside Quicken.