How to port an existing Quicken mortgage/loan account and preserve its payment history

dmcritchie45's Avatar

dmcritchie45

07 Mar, 2020 11:59 PM

Hi,

The KB has this article: https://infinitekind.tenderapp.com/kb/loan-accounts/enter-an-existing-loan

It is very helpful for transferring an existing loan from Quicken but it assumes that you don't want the existing loan's payment history.
This history can be preserved if you:
1) Follow steps 1-9 of the above KB article.
2) Skip steps 10-12 if you wish to keep the loan's payment history.
3) Then, if you imported all your Quicken accounts using this KB article:
https://infinitekind.tenderapp.com/kb/importing-data-from-other-programs/importing-data-in-qif-format-2
your Quicken mortgage/loan account will have already been imported under the Liabilities category.
4) Open this liability account and select all the records in the register EXCEPT for the 1st row (opening balance).
5) Right-click the selection and click on Batch Change -> Account.
6) In the Batch Change dialog box, change the account displayed to be the newly-created loan account, and click OK.
7) Follow step 13 of the "enter-an-existing-loan" KB article above.
8) You can now delete the imported liability account for this loan (which now only has the opening balance line).

I would recommend that you offer this additional information as part of the "enter-an-existing-loan" KB article so that all the information is in one place.

I have followed these steps several times using MD 2019.3 (1880) and did not encounter any problem. I imported from Quicken 2017.

Let me know what you think.

Thanks,
Dennis

  1. System closed this discussion on 07 Jun, 2020 12:00 AM.

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