Importing Bank Feeds

Hello there, DRH204.

I can see how you want to manually import transactions from the QuickBooks Desktop (QBDT) bank feed after the discontinuation of QBDT Pro takes effect. However, uploading transactions will also be discontinued.

Upgrading ensures that your financial data remains protected against potential threats. You can keep using QuickBooks Desktop 2021. But you won't have access to payroll services, credit card processing services, and other services, including online banking and uploading transactions.

Thus, we recommend upgrading your QuickBooks to a newer or supported version. Here's how:

1. You'll get a message when you open QuickBooks. select Upgrade Now.
2. Then, select Let’s go. QuickBooks downloads, installs, and activates the new version for you. It updates your company file(s).
3. When the upgrade is done, select Open QuickBooks.

If you need further help upgrading your version of QuickBooks Desktop or moving to QuickBooks online, you can contact our Support Team using the contact details provided in this article: QuickBooks Desktop service discontinuation policy. You can find it under Upgrade QuickBooks Desktop Pro, Premier, or Enterprise section. The link also includes FAQs regarding the discontinuation of the QuickBooks Desktop service.

Visit again if you still have questions about QuickBooks Desktop. I'll be around to provide the information you need.

Quickbooks recommends that you pay many multiples of what it used to cost to use their software.

Why am I not surprised that Intuit would deliberately denigrate the functionality of its software? 

And why am I not surprised that Intuit would deliberately denigrate the functionality of its software after only 3 years?

Could it possibly have to do with Intuit's coercive attempts to strong-arm its users into its costly and lucrative annual fee for service model??

First, it was Intuit's breaking the connection between Quickbooks Desktop and TurboTax.

Now, it's deliberately preventing users from manually (manually!) downloading bank feeds.

This reeks of such a blatant money grab by Intuit.

One can only hope there are software engineers out there, ideally open source, who recognize how greedy Intuit has become, and will respond accordingly.

@DRH204 

If you don't use any add-ons (e.g QB Payroll, QB Payment), you can keep using 2021 for good.

The potential problem is the bank feed feature after May 2024. You can download .qbo files from your bank BUT you can't import directly into your QB Desktop. If your bank provides *.csv files, you will need to use a 3rd party tool to import it into QB Desktop. It's a $199 one time license and you can get $100 cashback to purchase the license from a partner.
https://get.transactionpro.com/qbd

If you prefer to keep using the bank feed feature after May 2024, you should contact @Fiat Lux - ASIA. They can share an option to consider.

Many thanks, @4Gal !

@4Gal, I was not able to find the $100 partner cashback option on the Rightworks web site; could you please provide the weblink to that.

Many thanks!

@DRH204 

You can contact @Fiat Lux - ASIA and purchase the license from them to get the cashback.

Intuit has been doing this for about 20 years, has been shutting off connected features and services when the version-year of QuickBooks is about three years old.

One solution for the bank feeds feature is to download OFX files from your bank or credit card provider and then convert them to IIF files and then import the IIF files (which Intuit doesn't shut off).

The files are in completely different format. Our OFX/QFX/QBO to IIF Converter, an Excel add-in, can convert them for you.

It handles all three 'flavors' of OFX files, and so it even works when your financial institution doesn't support QuickBooks special 'QBO' OFX file variant.

Is the fee for the converter a one-time fee, or an annual one?

There is an annual fee, smaller than the original license. See the right bar on the product's page.

This is why I won't purchase an Intuit product again, not encourage anyone else to do so.You've intentionally crippled the software to force existing customers into a decision.

There are workaround solutions out there that allow you to convert an OFX file (that most bank and credit card companies provide) to a QIF file so you can import it into Quickbooks.  It's a bit more work, but it doesn't cost the $1,200/year that Intuit wants to charge you.