Convert XLS to OFX

Understanding XLS and OFX file formats

XLS is a file format created by Microsoft Excel for storing spreadsheet data. It contains cells arranged in rows and columns, which can include text, numbers, formulas, and other data types. XLS files are widely used for data analysis, financial modeling, and record-keeping.

OFX stands for Open Financial Exchange, a file format used for exchanging financial data between different software applications. It is commonly used by financial institutions to provide transaction data to personal finance software. OFX files are typically used for importing bank statements, credit card transactions, and other financial data.

How to convert XLS to OFX

Converting an XLS file to an OFX file involves transforming spreadsheet data into a format that can be read by financial software. This process is useful for importing financial data from Excel into personal finance applications.

Best software for XLS to OFX conversion

One of the best tools for converting XLS to OFX is ProperSoft's CSV2OFX. This software allows you to convert Excel files to OFX format easily. Here’s how you can do it:

• Open your XLS file in Microsoft Excel.
• Save the file as a CSV by selecting File → Save As and choosing CSV as the format.
• Open CSV2OFX and load the CSV file.
• Follow the prompts to convert the CSV file to OFX format.

Another option is MoneyThumb's 2Convert, which also supports XLS to OFX conversion with a user-friendly interface.