How to Import a QIF Into MYOB
New Zealand-based Mind Your Own Business (MYOB) aims to satisfy the needs of small business owners with easy-to-use software tools. Since accounting is one of the most import aspects of running a successful business, MYOB introduced AccountRight to make the process simple. One of the program's standard features is the ability to import a Quicken Interchange Format (QIF) file in a few simple steps. QIF was, at one time, the standard file format used by many financial institutions. QIF files contain account-activity data that may be downloaded by clients for record-keeping purposes.
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Instructions
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Launch MYOB AccountRight software from the desktop icon or the "Start" menu.
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Click the "Banking" icon to open the banking command center.
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Click "Bank Register," select "Actions" and then click "Reconcile Accounts."
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Type the account name in the "Account" field.
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Click the "Get Statement" button to launch the Open dialog box.
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Browse the files on your hard drive to locate the QIF file; select the file and click the "Open" button. The program automatically imports the QIF and matches the transactions to the transactions in your company file.
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Match or add transactions that were not automatically assigned during the import process. Click the "Add Transaction" button in the Unmatched Statement Transactions window to incorporate additional transactions. Click one of the transactions and then click the "Match Transaction" button to match the transaction from the QIF to an entry in the specified account. (These buttons are located under the "Actions" button.)
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Click the "Done" button to finish this process.
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Tips & Warnings
The Unmatched Statement Transactions window only appears if the QIF file contains data that cannot be automatically assigned by the program.
