This tutorial shows how to import an OFX file into Xero. To import an OFX file, login into Xero. Click on 'Accounting' - 'Bank accounts'.
Then look for the account you want to import your transactions into and click 'Manage Account' - 'Import a statement'.
Click the 'Browse' button.
And select an OFX file. You can download it from Online banking or if you have different formats, provided by your Bank, let's say PDF format or QIF format, you can use Bank2OFX converter from ProperSoft and convert that file to the OFX format first and then import it into Xero. IMPORTANT: Bank2OFX is now replaced with the ProperConvert app, which converts from more formats and converts to more formats.
Then click 'Import'.
And now your transactions are imported. You have to match them to Vendor records or Payee inside your system. And you have to select expense/income accounts.
And then you click 'Add details' to actually add transactions to the register.
Let's say you realized, that it is incorrect imported OFX file or something wrong with a file, or you don't want those transactions to be here. So, click on 'Bank statements'.
Then select all the accounts.
And click 'Delete'.
So, this way you delete all those transactions you just imported.
See this tutorial as a video: