QIF2QBO: Convert QIF to QBO (Web Connect)

What can I do with QIF2QBO (QIF to QBO Converter)?

• Download, install and run the software
• Select a file with transactions
• Review transactions and click Convert to create a QBO file
• Import created file to QuickBooks 2017-2020

Why should I trust QIF2QBO?

• It runs and processes your files on your computer - no data leaves your computer
• It does not send your transactions anywhere
• Please check our product testimonials

If I need any help with conversion, can you help me?

• Free support is available before and after the purchase
• All license options include at least 14 days of the conversion support after the purchase
• The Professional and Team licenses include ongoing conversion support
• Please use the Support page or email us at support@propersoft.net.

Can I try before purchasing?

• Yes. QIF2QBO is free to download and try.
• Your file will be fully parsed in the trial mode, so you can verify that QIF2QBO understands your transactions file correctly.
• You can create a fully functional and loadableQBO file before purchasing (with limitation to 10 transactions - this limitation is removed after you register).

Convert QIF files to QBO (Web Connect) format and import into Quickbooks

This tutorial shows how to convert a QIF file from your bank or credit card statement to QBO (Web Connect) and import into Quickbooks. We will use QIF2QBO utility.

Step by step instructions for Windows

Follow the steps below for the Windows version, followed by the Mac version.

Make sure you are using the latest version of QIF2QBO. Download it from the QIF2QBO download page. Start QIF2QBO and select a QIF file.

Review transactions before converting, check that dates are correct, have the correct year, deposits and withdrawals are assigned correctly.

Set INTU.BID number to match your bank or use a default value. The INTU.BID value defines the bank label shown during a QBO import in Quickbooks. You can try to locate your bank. Make sure a bank you choose, supports the Account Type you are converting for. Keep the default value if your bank is not listed (3000-Wells Fargo or any allowed bank).

Set the Account ID (number) and the Account Type. Account ID must be all digits for Quickbooks. For multiple accounts, use a different Account ID for each account.

Currency should be USD even for non-USD accounts for Quickbooks US edition. For the Canadian edition, you can use USD and CAD. And for the UK edition, GBP currency must be set. You can also set End balance, Bank ID, Branch ID if your accounting software requires it.

Click the 'Convert' button to create a QBO file.

Confirm the file name and location.

Import created QBO file into Quickbooks

Now the QBO file is created, let's switch to Quickbooks and import created QBO file. Before importing a QBO file make sure that the account you need to import into doesn’t have the yellow strike icon. Click 'Lists' - 'Charts of Accounts'.

Because if you have the icon, it means the account is online linked to direct download. You need to disconnect first to import a QBO file.

To disconnect, right-click - 'Edit Account'.

Then click on 'Bank Feed Settings' and 'Deactivate All Online Services' first if needed. Check there is no yellow icon after the change. After disconnecting the account from online services, you can import a QBO file.

To import a QBO file, select 'File' - 'Utilities' - 'Import' - 'Web Connect Files', select created QBO file.

And select an existing account to import transactions. Check bank label, Account Type, Account number to select correct Account in Quickbooks. Then click the 'Continue' button.

Now your data is imported.

Click on 'Transaction List' to review transactions. Assign Vendor Records and expense/income accounts before adding transactions to the register.

And the 'Payee' column is empty. It shows Vendor Records. When you choose a Vendor Record, for the Payee from the QBO file, QuickBooks will remember your choice for the next QBO import.

Once Vendor Records and Account are set, you can add matched transactions to the register.

Step by step instructions for macOS

Make sure you are using the latest version of QIF2QBO. Download it from the QIF2QBO download page. Start QIF2QBO and select a QIF file.

Review transactions before converting, check that dates are correct, have the correct year, deposits and withdrawals are assigned correctly.

Set INTU.BID number to match your bank or use the default value. The INTU.BID value defines the bank label shown during a QBO import in Quickbooks. You can try to locate your bank. Make sure a bank you choose, supports the Account Type you are converting for. Keep the default value if your bank is not listed (3000-Wells Fargo or any allowed bank).

Make sure to set the Account ID (number) and the Account Type. Account ID must be all digits for Quickbooks. For multiple accounts, use a different Account ID for each account.

Currency should be USD even for non-USD accounts for Quickbooks US edition. For the Canadian edition, you can use USD and CAD. And for the UK edition, GBP currency must be set. You can also set Balance, Bank ID, Branch ID if your accounting software requires it.

Click the 'Convert' button to create a QBO file.

Confirm the file name and location.

Import created QBO file into Quickbooks

Now the QBO file is created, let's switch to Quickbooks and import created QBO file. Before importing a QBO file make sure to backup your data. Click 'File' - 'Back Up'.

Make sure that the account you need to import into doesn’t have a blue ball icon. Click 'Lists' - 'Charts of Accounts'.

If it has a blue ball icon it means the account is online linked to direct download. You need to disconnect first to import a QBO file.

To disconnect, right-click - 'Edit Account'.

Then click 'Online Settings' and select 'Not enabled' and click 'Save'.

Then click 'Ok'. Check there is no blue ball after the change.

To import a QBO file, select 'File' - 'Import' - 'From Web Connect', select created QBO file.

And select an existing account to import transactions. It shows Account ID, Account Type, that you set in QIF2QBO and it offers you to choose the existing account. Click the 'Continue' button.

Now your data is imported.

'Downloaded Payee' column shows Payee names from the QBO file. Assign Vendor Records and expense/income accounts before adding transactions to the register.

And the 'Payee' column is empty. It shows Vendor Records. When you choose a Vendor Record, for the Payee from the QBO file, QuickBooks will remember your choice for the next QBO import. Once Vendor Records and Account are set, you can add transactions to the register. The rename rule creation dialog will show up after to use for the next time.