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I appreciate you explaining how importing .IIF files would help you out, Chookje.
While importing .IIF file isn’t currently in our development roadmap, we are working on big improvements that will be helpful for the majority of our customers, and you’ll see those rolling out soon through our QuickBooks Blog.
For now, as a way around, I'd suggest converting your .IIF to CSV files then imports them into QuickBooks Online.
Also, I'd encourage submitting feedback within your QuickBooks Online (QBO) account. This way, it goes to our product developers to help improve your experience while using the program. I'll guide you on how.
The more requests and support a feature has, the more likely it is to be moved to the top of their priority list as a highly requested feature. The screenshot below shows you the second to third steps. To learn more about the process above, see this article: How Do I Submit Feedback?.
I'm leaving you some pointers to look into it about importing CSV files as well as steps on how to manage your transactions in QuickBooks:
Format CSV files in Excel to get bank transactions into QuickBooks.
Categorise and match online bank transactions in QuickBooks Online.
I'd love to help if you have additional questions about QuickBooks. Wishing you continued success!