How to convert OFX to QFX and import into Quicken
Access ProperSoft at https://www.propersoft.net/
Use ProperSoft OFX2QFX to convert OFX to QFX and import into Quicken.
00:00 - Download OFX2QFX
00:38 - Start OFX2QFX and select a file with transactions
00:42 - Review transactions before converting
00:53 - Set the Bank INTU.BID
01:09 - Convert to QFX file
01:15 - Switch to Quicken
01:30 - Select the account to import data into
02:32 - Review and accept the transactions
02:42 - Move the transactions
03:12 - Create a new Checking account
03:41 - Paste transactions under the Checking account
04:00 - Import account is a good proxy approach
We will use a sample OFX file. You can review transactions before converting and then you just click the 'Convert' button to create a QFX file.
There are other settings, like INTU.BID value, which corresponds to bank label, you can leave it as '3000' ("Wells Fargo Bank") or change to another Bank, it doesn't matter. Click the 'Convert' to create a sample.qfx file.
Then switch to Quicken. Click 'File' - 'File Import' - 'Web Connect (.QFX) File' and 'Open'. We see here 'Create a new account' or 'Link to an existing account'. You can import into a Proxy account, called 'Import', and then move transactions to another account, which is a good way to import things if you have already an existing account, which directly downloaded from your bank. So, you don't change things, as they are. If you need to import transactions for the previous month, you don't change anything existing, you just go back, import into a new account, and just move transactions to another account. You can also choose 'Link to an existing account'. This account must be deactivated from direct download because Quicken will not be listed. Click the 'Import' button. Now we see imported transactions. Click 'Accept All'.
If you have more accounts, let's say, that you have a 'Checking' account. And you want transactions there, then you click on the first transaction, click on the last transaction - they are selected. Then right-click - 'Cut transaction(s)'. In Quicken 2015-2016 there is a manual item, called 'Move transaction(s)'.
Let's create new Account: click 'Tools' - 'Add Account'. Let's say it will be a 'Checking' account. Maybe setup, as your Bank or setup manually, or it already exists. Click 'Advanced Setup'. Then select 'I want to enter my transactions manually', enter the name you'd like to use for this account in Quicken, enter the ending date and balance from your latest statement and click 'Finish'.
Switch to the 'Checking' account, right-click - 'Paste transactions'. Now transactions are under the 'Checking' account, pasted from the 'Import' account. Now 'Import' account doesn't have these transactions anymore. 'Import' is a good proxy approach because this is like your temporary place. If you are cutting, pasting transactions, or whatever is left, you can still review, you can delete, you know, that transactions are imported here. So, whatever you see here - is only here. What you choose to move to your actual account - you move after import.