QIF is the old Quicken Interchange Format. Current versions of QuickBooks import bank transactions from Web Connect (.qbo) files, not QIF — so switching from Quicken, Microsoft Money or another QIF-based program usually means converting first.
Drop the QIF file, check the preview and download a .qbo file ready for QuickBooks Desktop or Online.
Import the QBO file into QuickBooks Desktop
- In QuickBooks Desktop, open File › Utilities › Import › Web Connect Files.
- Select the .qbo file you downloaded.
- Link it to an existing bank account or let QuickBooks create a new one.
- Review and accept the transactions in Bank Feeds.
Import it into QuickBooks Online
- In QuickBooks Online, go to Bank transactions and choose Upload transactions (or Link account › Upload from file).
- Pick the .qbo file and the QuickBooks account it belongs to.
- Review the imported transactions in the For review tab.
Questions
Is it free?
Yes for files with up to 20 transactions, plus 2 free PDF statements a day. For bigger files you can buy a pack of 10 conversions or go unlimited — see pricing.
Is my bank data uploaded anywhere?
CSV, Excel, QIF, OFX, QFX and QBO files are converted entirely in your browser and never leave your computer. PDFs have to be read on our server: we send the PDF to our AI provider, Anthropic, to pull out the transactions, return them to you and keep nothing — not the PDF, not the transactions.
Does it support split transactions and categories?
Splits and categories are not carried over — QBO files only hold date, payee, memo and amount. You categorize the transactions in QuickBooks after importing.
My QIF file has several accounts. What happens?
All transactions are combined into one file. For separate QuickBooks accounts, export one QIF file per account.