Glossary
QBO (QuickBooks Web Connect)
Definition
QuickBooks' OFX-based file format for importing bank and credit card transactions.
A QBO file is OFX 1.x with an Intuit-specific institution ID (INTU.BID). QuickBooks Online and Desktop both import it.
Because each transaction carries a FITID, QuickBooks can skip duplicates when the same file is imported twice.
Related terms
- OFX (Open Financial Exchange)
An open standard file format for exchanging bank and investment transactions between institutions and finance software.
- FITID
The unique transaction identifier inside OFX, QFX and QBO files used to prevent duplicate imports.
- QFX (Quicken Financial Exchange)
Quicken's branded variant of OFX used for Web Connect downloads.
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