OFX to QBO converter
Convert an OFX file to a QuickBooks Web Connect file (.qbo) in your browser: every transaction, with its date, payee, memo and amount. Your file never leaves your computer. 2 free a day, no sign-up.
No file to hand?
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Tally needs both ledger names exactly as they are in your company.
New company? Download the ledger setup file too and import it first (Import, then Masters).QuickBooks Desktop needs both account names exactly as they are in your chart of accounts.
QuickBooks makes any account it doesn’t know into a new bank account, so check the spelling.- Runs in your browser
- 2 free a day, no sign-up
- OFX in, QBO out
01 / Why convert
Many banks, especially outside the US, offer OFX but not QuickBooks Web Connect. QuickBooks only takes .qbo; this adds the Intuit bank id it needs and keeps everything else.
02 / What carries over
From OFX to QBO, field by field.
What the OFX file can hold, and where it goes in the QBO file.
| In the OFX file | In the QBO file |
|---|---|
| Date | Kept |
| Amount (money in and out) | Kept |
| Payee or description | Payee (32 characters), full text in the memo |
| Memo (extra text) | Kept |
| Check or reference number | Kept |
| Bank’s transaction ID (FITID) | Kept |
| Running balance | Not in a OFX file |
| Account number | Kept |
| Currency | Kept |
| Credit card (not a bank account) | Kept |
03 / Importing it
Importing the QBO file.
QuickBooks Online
- Bank transactions (All apps, then Accounting), then the Link account menu, then Upload from file.
- Pick the .qbo file, then the QuickBooks account it belongs to.
- Each upload takes up to 1,000 transactions and 350 KB; the converter tells you when a file is bigger.
QuickBooks Desktop
- File, then Utilities, then Import, then Web Connect Files.
- Choose an existing account (or let QuickBooks create one), then review the transactions in Bank Feeds.
04 / The OFX file
Getting an OFX file.
Open Financial Exchange, the open bank-download format behind QBO and QFX. Xero, Sage, MYOB, GnuCash, Moneydance and most accounting apps read it.
- Online banking: Transactions, then Download, then OFX (or “Microsoft Money”). Common at banks outside the US.
Have a bank statement PDF instead? The bank statement converter reads it in your browser too.
05 / Good to know
The details that matter.
- A OFX file with several accounts (checking and savings in one download, say) lets you choose the account.
- OFX 1.x and 2.x are both read, along with the bank’s corrections to earlier transactions.
- The bank’s own transaction IDs are kept, so QuickBooks and Quicken still recognise transactions they downloaded before.
- QuickBooks Desktop may label the account “Wells Fargo”. Web Connect files need a bank id from Intuit’s list, and this is the one most converters use; the transactions are yours.
- QuickBooks Online takes up to 1,000 transactions and 350 KB per upload. The converter tells you when a file is bigger, so you can upload it in parts.
- Payee names are cut to 32 characters, the OFX limit QuickBooks enforces; the full text goes in the memo. Text is written as plain ASCII, which older importers need.
06 / Questions
Straight answers.
Is this OFX to QBO converter free?
Yes, for 2 files a day with no account. A free account (just your email, no password) gives you 2 more, and paid plans have no daily limit. It runs in your browser, and nothing is stored.
Is my OFX file uploaded anywhere?
No. The file is read and the QBO file is written by code running in this browser tab. Neither is sent to a server. You can check: open your browser’s developer tools, go to the Network tab, and convert a file.
Will QuickBooks import the same transactions twice?
No, as long as you import the same transactions: every transaction has an ID (FITID), and QuickBooks skips IDs it already has. The IDs from your bank’s file are kept.
My OFX file has several accounts. Which one is converted?
The first, until you choose another: when a file holds more than one account (checking and savings, say), the panel lists them all.
Does it work for credit cards?
Yes. A card account in the OFX file stays a card account. You can also set the account type to Credit card in the panel, and the QBO file is written as a card statement.
07 / More converters
Other files, same idea.
All of them run in your browser. For PDFs, start at the bank statement converter; every converter is on the converters page.