Extended OFX variants should be compatible and provide additional details. The OFX format allows extended variants of itself.
OFX – also known as “Web Connect” format to get transactions from a financial institution, widely supported by almost all accounting software. The following formats are the most used/common ones: You should not have an issue every time you get a file with transactions from your bank or your client and the accounting software cannot import it. As for financial formats, there are not so many to transfer data from one place to another (for example, from your bank to your accounting software). There are many different accounting tools available because of the wide range of accounting and bookkeeping needs companies and businesses have. Software products like Quickbooks, NetSuite, Xero, Sage, Wave, Quicken come to mind right away. There are many accounting software packages available, both desktop and online.
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