This tutorial shows how to import a QBO file into Xero. If your Bank provides a QBO file, you can just download and upload it into Xero. If your Bank provides different formats, let's say QIF format or PDF format, you can use a ProperSoft converter, for example, Bank2QBO converter to convert to the QBO file and then import into Xero. IMPORTANT: Bank2QBO is now replaced with the ProperConvert app, which converts from more formats and converts to more formats.
To import a QBO 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 a QBO file.
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 an incorrect imported QBO 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: