Why Construction Companies Need QIF Format
As construction business, converting bank statements to QIF saves hours of manual data entry. Quicken Interchange Format (.qif) is a legacy but widely supported format originally created by Intuit for Quicken, now accepted by many financial applications. Saves 3-5 hours per month on CIS payment matching and subcontractor reconciliation, reducing errors that can trigger HMRC penalties
How It Works
Upload any bank statement PDF
Supports all major banks. Saves 3-5 hours per month on CIS payment matching and subcontractor reconciliation, reducing errors that can trigger HMRC penalties
AI outputs QIF
Our AI extracts all transactions and outputs QIF (.qif). BankScan AI generates QIF files with the correct date format for your locale (D
Use in your construction companies work
Import into Sage 50, Xero, Evolution M or use for direct analysis.
QIF Tip for Construction Companies
BankScan AI generates QIF files with the correct date format for your locale (D field), payee names (P field), amounts (T field), and category hints (L field) where identifiable.
Supported Banks
BankScan AI works with all major UK and US banks, including:
QIF Features for Construction Companies
- QIF advantages — Maximum backward compatibility with older financial software. Some users with legacy Quicken setups spanning decades rely exclusively on QIF for data continuity.
- Built for construction companies — Saves 3-5 hours per month on CIS payment matching and subcontractor reconciliation, reducing errors that can trigger HMRC penalties
- Format compatibility — Users of Quicken, older QuickBooks Desktop versions, and legacy financial software that accepts QIF but not OFX or CSV
QIF Converter — Built for Construction Companies
Users of Quicken, older QuickBooks Desktop versions, and legacy financial software that accepts QIF but not OFX or CSV
Convert to QIF Free