Convert QBO to IIF

Understanding QBO and IIF file formats

QBO files are Web Connect files used by QuickBooks to import bank transactions. These files are typically downloaded from your bank and contain transaction data in a format that QuickBooks can read directly for bank feeds.

IIF (Intuit Interchange Format) files are text files used by QuickBooks for importing and exporting lists and transactions. IIF files are more flexible than QBO files and can be used to import a wider range of data, such as invoices, bills, and general journal entries.

Why convert QBO to IIF?

Converting a QBO file to IIF format is useful if you need to import bank transactions into QuickBooks as general journal entries or if you want to manipulate the data before importing. IIF files also allow for more customization and can be used in older versions of QuickBooks that may not support QBO files.

How to convert QBO to IIF

There is no built-in feature in QuickBooks to convert QBO files to IIF directly. You will need to use a third-party converter. The process generally involves:

1. Downloading your QBO file from your bank.
2. Using a conversion tool to transform the QBO file into an IIF file.
3. Importing the resulting IIF file into QuickBooks using File → Utilities → Import → IIF Files.

Best software for QBO to IIF conversion

ProperSoft QBO2IIF is one of the most reliable tools for this conversion. It offers a user-friendly interface and supports batch conversions. To use ProperSoft QBO2IIF:

1. Download and install QBO2IIF from ProperSoft.
2. Open the software and select your QBO file.
3. Configure the output settings as needed.
4. Click Convert to generate the IIF file.
5. Import the IIF file into QuickBooks via File → Utilities → Import → IIF Files.

Other alternatives include MoneyThumb 2QBO Convert Pro and GnuCash (with manual steps), but ProperSoft is the most straightforward for this specific conversion.

Important tips

• Always back up your QuickBooks company file before importing IIF files.
• Review the converted data for accuracy before finalizing the import.
• Check for duplicate transactions after import.