Quicken Interchange Format (QIF) is an open specification for reading and writing financial data to media (i.e. files).
Although still widely used, QIF is an older format than Open Financial Exchange (OFX). The inability to reconcile imported transactions against the current account information is one of the primary shortcomings of QIF. Most personal money management software, such as Microsoft Money, GnuCash and Quicken's low end products (e.g. Quicken Personal and Quicken Personal Plus), can read QIF files to import information. Intuit's Quicken used to be able to import QIF, too, but with its 2006 version it dropped that support for several important account types, including checking, savings, and credit card accounts. The Australian version of Quicken still allows the importing of QIF files for these account types, however, unlike the American version, it is not possible to export data to QIF or any other file type, for any account type. The QIF format does not allow a user to mark the currency in which a transaction was completed. In some cases this may cause problems for users who do use multiple currencies when they export or import into another software package.
