Transaction files obtained from various companies are sometimes saved to the Quicken QIF format, which is no longer endorsed and not widely-supported. In order to convert these files to a more usable format, you need to rely on a specialized utility.
qif2ofx Convert is one tool that can do the job, designed to help you export transactions to the common OFX format. It is fairly easy to use and offers a detailed user manual.
Since qif2ofx Convert is a Java-based application, it requires Java Runtime Environment to be available on your computer. However, it can download and install this software automatically during the setup process.
Following the app’s installation, there are no complex configurations to be performed. If you run into any issues, though, there is detailed documentation available to help you out.
A few settings need to be configured before you can start converting data, though nothing particularly complicated. You need to select the account type and currency, as well as choose between the US and Euro date formats.
If you wish, you can also provide a bank routing number and account number, which, while optional, can prove to be very useful.
The source QIF files need to be loaded individually, and the generated OFX files will be saved in the same folder. It is worth noting that the app does not offer support for drag and drop.
There is no question that the application’s layout is anything but complex, so first-time users should find it very easy to get the hang of things. The visual design does look a bit out-of-date, however, but this is only a minor issue.
All in all, qif2ofx Convert is a reliable tool for users who wish to convert QIF files to OFX and transfer their transaction history to other software. It is very simple to use, and it also provides you with an extensive user manual.
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