What kind of PDFs are supported?

Text-based statement PDFs work today — the kind you download directly from your bank. Scanned or photographed statements need OCR, which is coming soon.

Is my financial data secure?

Files are processed privately and are never shared or sold. Uploads are kept only as long as needed to produce your export.

Which banks does it work with?

A generic parser handles most common statement layouts. Bank-specific templates for major banks are on the roadmap to push accuracy even higher.

What formats can I export?

Both CSV and Excel (XLSX). Every export reflects any edits you make in the review table.

Can I fix incorrect rows?

Yes. Every extracted row is editable inline before export, and a confidence score flags anything worth a second look.

QIF to Tally XML Converter

Drop in a QIF file and download clean Tally XML. AI reads the file semantically, identifies financial or business transaction rows, and converts them into an import-ready Tally XML file.

.qif.xml

Free · no sign-up · AI-powered semantic conversion.

How to convert QIF to Tally XML

1
Upload your QIF file
Drag and drop your .qif file, or click to browse. Statemently sends it to the configured AI provider for semantic conversion.
2
We convert it instantly
Statemently uses AI to understand the uploaded QIF file, normalize transaction-like rows, and write a clean Tally XML file.
3
Download your Tally XML file
Your Tally XML (.xml) file downloads automatically, ready to import.

Why convert QIF to Tally XML?

You'll usually reach for a QIF → Tally XML converter when a bank, marketplace, bookkeeping tool, or business export gives you a QIF file, but the tool you actually work in needs Tally XML.

Move transactions from Older Quicken versions, GnuCash, and many personal-finance apps into Tally ERP 9 and Tally Prime.
Avoid manual re-keying and the errors that come with it
Let AI interpret non-standard columns and normalize dates, descriptions, and amounts

Example: before and after

A sample QIF file and the exact Tally XML this tool produces from it.

Input · .qif

!Type:Bank
D06/02/2026
T4200.00
PDirect Deposit ACME Payroll
^
D06/04/2026
T-86.43
PWhole Foods Market
^

Output · .xml

<?xml version="1.0" encoding="UTF-8"?>
<ENVELOPE><HEADER><TALLYREQUEST>Import Data</TALLYREQUEST></HEADER><BODY><IMPORTDATA><REQUESTDESC><REPORTNAME>Vouchers</REPORTNAME><STATICVARIABLES><SVCURRENTCOMPANY></SVCURRENTCOMPANY></STATICVARIABLES></REQUESTDESC><REQUESTDATA><TALLYMESSAGE xmlns:UDF="TallyUDF"><VOUCHER VCHTYPE="Receipt" ACTION="Create" OBJVIEW="Accounting Voucher View"><DATE>20260602</DATE><NARRATION>Direct Deposit ACME Payroll</NARRATION><VOUCHERTYPENAME>Receipt</VOUCHERTYPENAME><ALLLEDGERENTRIES.LIST><LEDGERNAME>Bank Account</LEDGERNAME><ISDEEMEDPOSITIVE>Yes</ISDEEMEDPOSITIVE><AMOUNT>-4200.00</AMOUNT></ALLLEDGERENTRIES.LIST><ALLLEDGERENTRIES.LIST><LEDGERNAME>Suspense</LEDGERNAME><ISDEEMEDPOSITIVE>No</ISDEEMEDPOSITIVE><AMOUNT>4200.00</AMOUNT></ALLLEDGERENTRIES.LIST></VOUCHER></TALLYMESSAGE><TALLYMESSAGE xmlns:UDF="TallyUDF"><VOUCHER VCHTYPE="Payment" ACTION="Create" OBJVIEW="Accounting Voucher View"><DATE>20260604</DATE><NARRATION>Whole Foods Market</NARRATION><VOUCHERTYPENAME>Payment</VOUCHERTYPENAME><ALLLEDGERENTRIES.LIST><LEDGERNAME>Bank Account</LEDGERNAME><ISDEEMEDPOSITIVE>No</ISDEEMEDPOSITIVE><AMOUNT>86.43</AMOUNT></ALLLEDGERENTRIES.LIST><ALLLEDGERENTRIES.LIST><LEDGERNAME>Suspense</LEDGERNAME><ISDEEMEDPOSITIVE>Yes</ISDEEMEDPOSITIVE><AMOUNT>-86.43</AMOUNT></ALLLEDGERENTRIES.LIST></VOUCHER></TALLYMESSAGE></REQUESTDATA></IMPORTDATA></BODY></ENVELOPE>

What ends up in your Tally XML file

Tally XML field	Comes from
VOUCHER type	Receipt (money in) or Payment (money out)
DATE	Transaction date (YYYYMMDD)
NARRATION	Description
Bank ledger AMOUNT	Signed amount in Tally's sign convention
Suspense ledger AMOUNT	Offsetting entry so each voucher balances

About QIF and Tally XML

QIF (.qif)

QIF (Quicken Interchange Format) is a long-standing plain-text format. Each transaction is a block of single-letter lines (D for date, T for amount, P for payee) ended by a caret. It predates OFX and is still widely supported.

Exported by:: Older Quicken versions, GnuCash, and many personal-finance apps.
Read by:: GnuCash, older Quicken, MoneyDance, Banktivity, and most money managers.

Tally XML (.xml)

Tally XML is the voucher-import format used by Tally accounting software. Each transaction becomes a double-entry voucher (a Receipt or Payment) that posts to a bank ledger and an offsetting ledger.

Created by:: Generated for import; Tally itself can also export XML.
Imports into:: Tally ERP 9 and Tally Prime.

Tips

Each transaction imports as a Receipt or Payment voucher against a Bank and a Suspense ledger — re-map the Suspense ledger in Tally to categorize.
Files up to 8 MB are supported. Very large files may be summarized before AI conversion.

Frequently asked questions

Is the QIF to Tally XML converter free?

Yes — it's completely free, with no sign-up required.

What is a QIF file?

QIF (Quicken Interchange Format) is a long-standing plain-text format used by older Quicken versions, GnuCash, and many personal-finance apps.

What can I do with the Tally XML file?

Tally XML is the voucher-import format used by Tally accounting software to bulk-create accounting entries.

Is my financial data private?

Your file is processed by the configured AI conversion provider, never sold, and not stored by this converter after the conversion runs.

Is there a file size limit?

Files up to 8 MB are supported, which covers even multi-year exports.

Other QIF conversions

QIF to CSV QIF to Excel QIF to OFX QIF to QFX QIF to QBO QIF to PDF

Convert other files to Tally XML

Any File to Tally XML CSV to Tally XML Excel to Tally XML OFX to Tally XML QFX to Tally XML IIF to Tally XML

Got a bank statement PDF instead?

Statemently turns statement PDFs into clean Excel, CSV, and accounting exports. Free to try.

Convert a statement