QFX (file format)

Last updated
QFX
Filename extension
.qfx
Developed by Intuit
Container for Financial information
Extended from Open Financial Exchange

QFX is Intuit's proprietary version of the standard OFX financial interchange file format. QFX is used in Intuit's "Web Connect" and "Direct Connect" features to transmit and receive financial information over the internet. [1] [2] [3]

Contents

A QFX file is a standard OFX file with additional fields to support a licensing fee paid by institutions to Intuit. In contrast, the standard OFX format is a free and open standard. [4] Intuit's Quicken software will only import QFX files where the providing institution has paid the fee and in some cases passed quality tests, otherwise giving the error message "Quicken is currently unable to verify the financial institution information for this download". [5] [6] [7] The same error message is given for Quicken users attempting to import previously downloaded QFX files with a Quicken subscription that has expired. Quicken 2017 was the last version sold with a 3 year expiration.

See also

Related Research Articles

GnuCash Personal and small-business financial-accounting software

GnuCash is an accounting program that implements a double-entry bookkeeping system. It was initially aimed at developing capabilities similar to Intuit, Inc.'s Quicken application, but also has features for small business accounting. Recent development has been focused on adapting to modern desktop support-library requirements.

Portable Document Format (PDF), standardized as ISO 32000, is a file format developed by Adobe in 1992 to present documents, including text formatting and images, in a manner independent of application software, hardware, and operating systems. Based on the PostScript language, each PDF file encapsulates a complete description of a fixed-layout flat document, including the text, fonts, vector graphics, raster images and other information needed to display it. PDF has its roots in "The Camelot Project" initiated by Adobe co-founder John Warnock in 1991.

Microsoft Outlook Email client, task and calendar management software developed by Microsoft

Microsoft Outlook is a personal information manager software system from Microsoft, available as a part of the Microsoft Office suite. Though primarily an email client, Outlook also includes such functions as calendaring, task managing, contact managing, note-taking, journal logging and web browsing.

Advanced Audio Coding (AAC) is an audio coding standard for lossy digital audio compression. Designed to be the successor of the MP3 format, AAC generally achieves higher sound quality than MP3 encoders at the same bit rate.

Quicken Interchange Format (QIF) is an open specification for reading and writing financial data to media.

Open Financial Exchange (OFX) is a data-stream format for exchanging financial information that evolved from Microsoft's Open Financial Connectivity (OFC) and Intuit's Open Exchange file formats.

Intuit American financial software company

Intuit Inc. is an American business that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi. As of 2019, more than 95% of its revenues and earnings come from its activities within the United States. Intuit's products include the tax preparation application TurboTax, personal finance app Mint and the small business accounting program QuickBooks. Intuit has lobbied extensively against the IRS providing taxpayers with free pre-filled forms, as is the norm in other developed countries.

In computing, a Personal Storage Table (.pst) is an open proprietary file format used to store copies of messages, calendar events, and other items within Microsoft software such as Microsoft Exchange Client, Windows Messaging, and Microsoft Outlook. The open format is controlled by Microsoft who provide free specifications and free irrevocable technology licensing.

Microsoft Money Personal finance management software program

Microsoft Money was a personal finance management software program by Microsoft. It had capabilities for viewing bank account balances, creating budgets, and tracking expenses, among other features. It was designed for computers using the Microsoft Windows operating system, and versions for Windows Mobile were also available. Microsoft developed Money to compete with Quicken, another personal finance management software.

TurboTax US tax preparation software

TurboTax is a software package for preparation of American income tax returns, produced by Intuit. TurboTax is a market leader in its product segment, competing with H&R Block Tax Software and TaxAct. TurboTax was developed by Michael A. Chipman of Chipsoft in 1984 and was sold to Intuit in 1993.

Quicken Personal finance management tool

Quicken is a personal finance management tool developed by Quicken Inc.. On March 3, 2016, Intuit announced plans to sell Quicken to H.I.G. Capital; terms of the sale were not disclosed. On October 1, 2021, H.I.G. sold Quicken to Aquiline Capital Partners.

QuickBooks is an accounting software package developed and marketed by Intuit. First introduced in 1983, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.

Office Open XML is a zipped, XML-based file format developed by Microsoft for representing spreadsheets, charts, presentations and word processing documents. The format was initially standardized by the Ecma, and by the ISO and IEC in later versions.

Financial Navigator, Inc is a U.S. based software company that develops accounting software targeting single family offices (SFO), multi-family offices (MFO), accounting firms, and high-net-worth individuals. The company was founded in 1983 and is headquartered in Mountain View, CA.

KMyMoney Accounting software

KMyMoney is a cross-platform double-entry bookkeeping system for personal finance management built on KDE technologies. Its operation is similar to Microsoft Money and Quicken. It supports different account types, categorization of expenses and incomes, reconciliation of bank accounts and import/export to the “QIF” file format. Through plugins, direct download using the OFX and HBCI formats is also possible. CSV imports and exports are also possible via plugins.

Mint, also known as Intuit Mint and formerly known as Mint.com, is a personal financial management website and mobile app for the US and Canada produced by Intuit, Inc..

The Microsoft Open Specification Promise is a promise by Microsoft, published in September 2006, to not assert its patents, in certain conditions, against implementations of a certain list of specifications.

Moneyspire is personal finance software and small business accounting software developed by Moneyspire Inc. The software is available in two versions, one for Windows and another for macOS. The software tracks accounts, loans, bills, investments and budgets. Professional looking invoices can also be created and tracked in the Pro edition of Moneyspire. It imports data from QIF, OFX, QFX and CSV files. Moneyspire has the ability to use its financial data files interchangeably between the Mac and Windows versions of the software, thus making the software a viable choice for people who use both PCs and Macs. Moneyspire can also manage accounts from multiple currencies, and automatically track exchange rates and transfers between foreign accounts. Moneyspire also allows downloading of transactions directly from financial institutions via the Moneyspire Connect service.

Personal financial management (PFM) refers to software that helps users manage their money. PFM often lets users categorize transactions and add accounts from multiple institutions into a single view. PFM also typically includes data visualizations such as spending trends, budgets and net worth.

References

  1. QFX file extension at File-Extensions.org library
  2. about.com
  3. "Intuit's Direct Connect Developer Site".
  4. "Official OFX FAQ" . Retrieved 2018-09-21.
  5. "Customers bemoan changes in Quicken 2005" . Retrieved 2009-02-09.
  6. "Quicken Disabled QIF In Favor of QFX" . Retrieved 2009-02-09.
  7. "Intuit Help For QFX Import Failure". Archived from the original on August 24, 2011.