Input file
OFX
- Full Name: Open Financial Exchange Format
- Developer: N/A
Output file
ODS
- Full Name: OpenDocument Spreadsheet Format
- Developer: Oracle
What is OFX file?
The OFX (.OFX) file extension is a generic XML-based open-financial exchange file used by software applications to facilitate financial information exchange between financial institutions, financial data aggregators, or financial software. It is based on the Open Exchange Specification (OFX), a standardized set of data structures for exchanging financial data such as PIN security authentication with an online banking system. [ ⏩ ] OFX file extension
What is ODS file?
ODS (OpenDocument Spreadsheet) is a .ods file extension used by LibreOffice and OpenOffice.org programs to store data in tabular form. Documents created by these applications contain cells that can be populated with text, formulas, charts and other data. These files are saved as XML documents and can be used for a variety of circumstances. Details The ODS format is part of the OpenDocument standard, which is an ISO/IEC standard for office document formats. [ ⏩ ] ODS file extension
How to convert the file from OFX to ODS?
To successfully convert the OFX file to ODS, you should install one of the applications from the list. After installing the software, open the program and select the file you want to convert (file-name.OFX). The next step is to select the target format from the list, in this case ODS (usually converters allow you to convert to several different formats, so check out their features - maybe one of the available formats will suit you more than ODS).
What is a file conversion?
A data conversion is normally an automated process to some extent. The effect of the operation of one program is automatically the input product of another application. If that does not happen we need to help the process a little bit and convert the file on our own, e.g. OFX to ODS. To obtain a matched structure of the data, it is necessary to use an appropriate converter.
Program for converting OFX files to ODS files is a kind of a "binary code translator" compensating for the differences in the code or translating it in such a way so that another application could use it. For us, as users, the visible change will be only another file extension. (After converting the file, it will be the extension ODS, while before this step we had the OFX file). For the programs, the difference is on a much higher level – either the application will be able to open a new ODS file, or not.