How To Import a QFX file Into Online Accounting System - Xero
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This video shows how to import a QFX file with transactions into the Online Accounting system - Xero. Use the converter app to convert your transaction files to required by your accounting software file format.
00:00 - Xero - Online Accounting System
00:20 - Login into Xero and go to 'Accounting'
00:26 - Select the account to import data into
00:35 - Select a QFX file
01:15 - Import a QFX file
01:18 - Review the transactions
01:37 - 'Bank Statements' option
Xero can import QFX files. To import a QFX file, login into Xero.
Click on 'Accounting' - 'Bank accounts'. Then look for the account you want to import your transactions into and click 'Manage Account' - 'Import a statement'.
Click the 'Browse' button. And select a QFX file. You can download it from your Online banking. Bank often provides QFX files, also called Quicken files. If your bank doesn't provide or provides different formats, let's say PDF format or QFX format, you can use the Bank2QFX converter from ProperSoft and convert that file to the QFX format first and then import into Xero. IMPORTANT: Bank2QFX is now replaced with The Transactions app (https://www.propersoft.net/products/t..., which converts from more formats and converts to more formats.
Then click 'Import'.
Now your transactions are imported. You have to match them to Vendor records or Payee inside your system. And you have to select expense/income accounts. And then you click 'Add details' to actually add transactions to the register.
Let's say you realized, that it is an incorrect imported QFX file or something wrong with a file, or you don't want those transactions to be here. So, click on 'Bank statements'. Then select all the accounts. And click 'Delete'. So, this way you delete all those transactions you just imported.