tag:infinitekind.tenderapp.com,2009-01-14:/discussions/switching-from-another-personal-finance-program/19356-import-accounts-with-self-transfers-from-quicken-to-money-danceInfinite Kind: Discussion 2021-12-01T00:50:20Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/493673732021-09-01T00:34:27Z2021-09-01T00:34:27Zimport accounts with self-transfers from Quicken to Money Dance<div><p>just a user here</p>
<p>Moneydance is an accounting system, so does not allow "loosy goosy" transactions like self-transfer (which is basically a way in Quicken to create/destroy money)</p>
<p>So, Moneydance creates a MainAccountX account to compensate so that the "created/destroyed" money has somewhere to go.</p>
<p>The easiest way to get rid of MainAccountX is to "fix" the created/destroyed money issue. I did it by creating a category called something like "Mainaccount money comes and goes" - yes, I did something more like "Car Depreciation" for example. Then I changed all the transactions that went to MainAccountX and emptied it out by using a category vs. a "self-transfer" - then I could delete the now empty MainAccountX account.</p>
<p>There are other ways to do this - but this was my way as I transferred 35 years of data from Quicken last year.</p></div>dtdtag:infinitekind.tenderapp.com,2009-01-14:Comment/493673732021-09-01T00:47:43Z2021-09-01T00:47:43Zimport accounts with self-transfers from Quicken to Money Dance<div><p>I'm a fellow user.</p>
<p>Just to expand on dtd's response.</p>
<p>I would look as to what the transactions are. For example if they relate to an account's opening balance, which is extremely common in Quicken, then you can set the opening balance amount on the Account Info screen in Moneydance then delete the transaction.</p>
<p>If funds are coming/going to accounts that you manage outside of Moneydance then you could create a category like "Funds to XYZ" or "Funds From XYZ".</p>
<p>I'm sure if we had more idea on what the transactions are we could offer specific ideas.</p>
<p>As dtd said Moneydance is based on accounting principles, thus money cannot just appear or disappear.</p></div>dwg