Transferring Investment Accts from another MoneyDance User

Marlana's Avatar

Marlana

17 Jun, 2020 01:42 AM

Hello,

I recently downloaded MoneyDance to begin managing my own finances, after years of my mother managing my investment accounts from her MoneyDance account. Is it possible to transfer my investment accounts from my mother's account to my own MoneyDance account? There are years worth of data and it would avoid entering many transactions or starting at the current date and not having a historical record.

Thanks in advance for your assistance!

  1. 1 Posted by dwg on 17 Jun, 2020 03:28 AM

    dwg's Avatar

    I'm a fellow user.

    I'm going to start with a question. Did your mother create a separate data set for your data - this would be the ideal solution as you would only have to move that specific data set, a very easy task.

    Or are your accounts intermingled with hers in the one data set?

    If intermingled it is possible but as I'm sure you can imagine will require some work.

    There are couple of approaches you could take.

    1, Make a copy of your mother's data set and work to remove her information from that new data set, just leaving your data there. Pre Moneydance 2015 this was a reasonable approach to take. With Moneydance 2015 and later this is not such an attractive approach as the result of "removing" data actually results in the on disk size of the data set to grow larger due to the way data in managed in these versions, and there are good reasons to do what ti does.

    2. The other approach is to treat it like a migration exercise, in some respects similar to moving between software but with differences. You would look to export data from your accounts from your Mother's data set into QIF files and import these into a new data set. It would have to be a separate QIF file for each account.

    Hopefully this has given you some ideas.

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