Bank Statement to QBO Converter
Turn a PDF, CSV, QIF or OFX bank statement into a QuickBooks-ready .qbo or .ofx file — or a clean CSV. Free, no sign-up, no watermark.
Drag & drop your statements here
Up to 5 files, max 10MB total
Books reconciled. Now put that revenue to work.
Founderpath funds SaaS founders — without dilution.
You import statements to keep the books accurate. Founderpath turns the recurring revenue underneath them into up to $5M in capital you repay from revenue — no equity, no board seats.
Up to $5M, no dilution
Turn recurring revenue into non-dilutive capital — from $50K to $5M+. No equity, no board seats, no loss of control.
Funded in 24–48 hours
Connect your billing data and get a funding offer within 48 hours. No pitch decks, no term sheets, no months of diligence.
Underwritten on your books
The same reconciled bank and revenue data you just cleaned up is what the underwriting reads — no projections required.
Repay from revenue
Payments flex with revenue as it comes in, so funding scales with the business instead of straining it.
What a bank statement to QBO converter actually does
A bank statement is a document. A .qbo file is a ledger — a structured list of transactions, each with a posted date, a signed amount, a description and a unique transaction ID, wrapped in the OFX envelope QuickBooks expects from a bank's own feed. Converting means extracting the transactions out of the document and rebuilding them in that structure, which is why a PDF-to-QBO tool has to read the statement rather than just rename it.
This tool reads PDF, CSV, QIF, OFX and QFX statements and writes .qbo, .ofx or CSV. CSV, QIF and OFX inputs are parsed entirely in your browser — nothing is uploaded. PDFs are routed through the same extraction engine behind the Founderpath bank statement converter, which is why the PDF path carries a daily limit and the others do not.
Which format do I need?
Most of the confusion around importing transactions into QuickBooks Online is a format question wearing a software costume. Here is the short version.
| Format | Read by | When to use it |
|---|---|---|
| .QBO (Web Connect) | QuickBooks Online, QuickBooks Desktop | QuickBooks' native bank-feed file. Use it when you want transactions to land in the banking review queue. |
| .OFX | QuickBooks, Xero, Quicken, GnuCash, MoneyMoney | The open standard .QBO is built on. Use it when your software is not QuickBooks, or when .QBO is refused. |
| .QFX | Quicken only | Quicken imports QFX only from institutions that pay Intuit a licensing fee, and checks this at import — so no third-party tool can produce a QFX Quicken will accept. Use OFX instead. |
| .QIF | Legacy Quicken, some older desktop tools | QuickBooks Online never supported QIF import and Desktop dropped it. Treat QIF as something to convert out of — this tool reads it as an input. |
| .CSV | Everything | Universally accepted and never rejected by a validator, but you map the columns yourself at import. The safest fallback. |
Rule of thumb: try .qbo first for QuickBooks. If your QuickBooks build refuses it, use .ofx. If you need certainty above convenience, use CSV and map the columns by hand.
How to import your file, step by step
QuickBooks Online
- Go to Transactions → Bank transactions.
- Select the account you want the statement to land in (or Link account → Upload from file if you have not set one up).
- Choose Upload from file, drag in your .qbo file, and pick the destination account.
- QuickBooks reads the account from your selection, not from the file, so the bank name inside the file does not have to match.
- Review the imported rows under For review, then Accept them.
QuickBooks Desktop
- Go to File → Utilities → Import → Web Connect Files.
- Select your .qbo file.
- Choose an existing account, or create a new one when prompted.
- Open the Bank Feeds Center to review and match the transactions.
Xero
- Go to Accounting → Bank accounts and pick the account.
- Choose Manage account → Import a statement.
- Upload the .ofx file (Xero also accepts CSV with manual column mapping).
- Confirm the date format and complete the import.
Quicken
- Go to File → File Import → Web Connect (.QFX) File — or, for .ofx, Import → Bank statement.
- Because Quicken verifies QFX licensing, use the .ofx output from this tool rather than a generated .qfx.
- Select the account to import into and confirm.
Why .QBO files get rejected — and how this tool avoids it
A .qbo file carries an INTU.BID field: an ID identifying the financial institution that issued the feed. QuickBooks checks it against Intuit's list of participating institutions. That list changes whenever a bank's Intuit contract does, which is why converters that hardcode a single ID break silently months later.
This converter leaves that ID editable and defaults to the widely-used placeholder. It works because you still pick the destination account manually inside QuickBooks — the ID labels the file, it does not route it. If your QuickBooks build refuses the file anyway, switch the output to .ofx, which carries no such field.
The other common failure is a file that looks valid but has empty or misaligned columns. Rather than write a ledger from columns it could not read, this tool tells you which columns it mapped, and falls back to handing you the CSV when it cannot map them at all.
From clean books to non-dilutive funding
The reason month-end close matters beyond compliance is that your books are what a lender actually underwrites. Reconciled bank data is what turns "we're growing" into a number someone will fund — and it is the same data behind every metric on the SaaS metrics hub, from burn rate to runway.
Founderpath lends against recurring revenue rather than equity: up to $5M repaid from revenue, with no dilution, no board seats and no warrants. If your statements show consistent recurring deposits, that is precisely the profile the underwriting looks for — see how revenue-based financing works or model the alternative with the equity dilution calculator.
Frequently Asked Questions
CSV, QIF and OFX statements are converted entirely in your browser, so nothing is uploaded anywhere. PDFs are sent to the Founderpath extraction engine, which is why only that path has a daily limit.
- OFX — the open standard the others are built on. QuickBooks, Xero, Quicken and GnuCash all read it.
- QBO — OFX plus an Intuit financial-institution ID. QuickBooks' native Web Connect format.
- QFX — Quicken's licensed variant. Only importable from institutions that pay Intuit a fee.
- QIF — the legacy Quicken format. QuickBooks Online never supported it and Desktop dropped it.
Download the .ofx file instead. Quicken reads OFX, and it carries no licensing check.
It shows you which columns it mapped before you download. If it cannot identify a date and an amount column with confidence, it says so and gives you the CSV instead of a ledger file QuickBooks would reject.
Two fixes: open Edit account details before downloading and enter your bank's own Intuit ID, or switch the output to .ofx, which has no such field. Either way you still choose the destination account inside QuickBooks.
PDFs are the exception: text extraction from a PDF needs server processing, so PDFs are sent to Founderpath's conversion service, converted, and returned. They are not used to create an account and no sign-up is required to use this tool.
Founderpath lends against that revenue rather than equity: up to $5M repaid from revenue, with no dilution and no board seats. You can model the alternative with the equity dilution calculator.
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