Comparison of File Extensions QIF and DWG
The file extension QIF stands for Quicken Interchange File. The format stands for ASCII files which are utilized for exchanging financial data to and from the Quicken application and a website of financial institutions. QIF files can also be utilized for importing the Quicken data into another program called Microsoft Money. As an example, when you take part in online banking and desire to synchronize the data between your copy of Quicken and the bank's site, all that is required to be done is to use the bank site's download option for creating a QIF file and download it to your Quicken software.
The problem while using QIF files occurs when you inadvertently change any data. As the data might be quite sensitive to formatting changes, a small change can be catastrophic to these files. Another problem is when you move away to another newer format called OFX. It is the best not to open QIF files manually. Make use of import functionality in Quicken. And think about upgrading to the latest version of Quicken for avoiding compatibility issues.
The file extension DWG is associated with the program AutoCAD which is a popular CAD development platform designed and developed by Autodesk Inc. DWG is the most extensively used format for using CAD drawings. However, there are no open source applications that can be used for viewing DWG files. This is because licensing of libraries required by the lx-viewer restricts the use to the members of Open Design Alliance. In case you are not able to access DWG files, you need to make sure that you have the right program installed on your computer.
Both types are basically different as QIF files are used for exchanging data to and from Quicken while DWG stands for technical drawing files.
Please, click here to find out more about file extension QIF and file extension DWG.
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