The QFX format is a financial data file format used for importing and exporting financial data, such as transactions and account information. It is an open standard that is supported by many personal finance and accounting software programs.
The QFX format is based on the OFX (Open Financial Exchange) format, which is a widely-used standard for exchanging financial data between institutions and individuals. Like OFX, QFX files are typically used for importing and exporting transactions and account information between financial institutions and personal finance software.
One of the key advantages of the QFX format is that it is an open standard, which means that it is not proprietary to any particular financial institution or software program. This makes it easy for individuals and institutions to exchange financial data with each other, regardless of which software programs they use.
In addition to supporting transactions and account information, QFX files can also include other financial data, such as investment and tax information. This makes the QFX format a useful tool for managing and tracking a wide range of financial information.
Use the ProperConvert to access or convert transaction files from QFX and to the QFX format.
QFX is primarily used to import financial data into financial software programs, such as Quicken. To work with transactions in a QFX file in Excel, convert it first to the CSV or Excel file.
Use the ProperConvert app to convert your transaction files to CSV/Excel formats.