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An installation disc of Microsoft Works 4.0 with Microsoft Money 95. Microsoft Works has built-in compatibility for the Microsoft Office document formats (.DOC and .XLS), including, but not limited to, the ability of the Works Word Processor to open Microsoft Word documents and the ability of the Works Spreadsheet to open Microsoft Excel workbooks.
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In 2000, Microsoft released an initial version of an XML-based format for Microsoft Excel, which was incorporated in Office XP. In 2002, a new file format for Microsoft Word followed. [ 9 ] The Excel and Word formats—known as the Microsoft Office XML formats —were later incorporated into the 2003 release of Microsoft Office.
Many banks in the US let customers use personal financial management software to automatically download their bank statements in OFX format, but most Canadian, [7] [8] [9] United Kingdom and Australian banks do not allow this, however, many banks do support downloading financial data in OFX, QFX, QIF, or spreadsheet format via their web interface for later import into financial software.