instructions for switching to Moneydance from Quicken 2016

Lisa's Avatar

Lisa

22 Mar, 2023 12:59 AM

Hello,
I'm new to Moneydance and wondering if there is a step-by-step guide on how to import data from Quicken. I have Quicken 2016 for Mac. Currently running Mac OS Catalina on my 2015 laptop and am about to get a new laptop that will have Ventura. Order of business?
Thanks.

  1. 1 Posted by dwg on 22 Mar, 2023 01:57 AM

    dwg's Avatar

    I'm a fellow user.

    The Moneydance manual takes the form of an online Knowledge Base structured much like a book with chapters and sections, the entry point is:

    https://infinitekind.tenderapp.com/kb

    There are no specific guides on migrating from specific programs to Moneydance. The general guidance is to export your raw transactions data from any other software into one (preferably) or more QIF files which other programs can import, Most program data files are proprietary and hence not readable by any other software.

    I do have some notes that may help you on the Quicken for Mac side:

    Some versions of Quicken for Mac and specifically Quicken 2015/2016 for Mac do not export QIF files, however they often support exporting transactions in the QMTF format.

    The QMTF format is a subset of the QIF format but with the QMTF extension. To export from Quicken for Mac in this format perform the following procedure:

        1. From Quicken, select Export and choose the QMTF file format or 'Quicken 2007 Format'.
        2. When selecting the "Export Options", choose the export date range, and select 'Next'.
        3. Enter a name for your exported data and select a location on your system to save the file.
        4. Once exported you should locate the QMTF file at the saved location.
        5. You can rename the file so that it ends with the .QIF file extension, rather than .QMTF

    Once the file has been renamed to indicate it is in the QIF format, you can follow the steps to import the QIF file into Moneydance. It should be noted that if the QIF format is available when exporting data then you should use that.

    As a subset of the QIF format it is known that the entire QIF specification is not supported with QMTF files. However with no specification being located for the QMTF format it is not known specifically what is and is not supported but observations have indicated that:
        • QMTF files do not support all account types fully
        • Investment accounts do not export correctly
        • Tags (classes) are not supported

    The Knowledge base does have a section on importing QIF files it is at

    https://infinitekind.tenderapp.com/kb/importing-data-from-other-programs

    The Knowledge Base does not cover everything, many hundreds of pages would be required to even put a dent into it, but is a starting point in most instances, for specific questions feel free to ask in the forums.

  2. System closed this discussion on 21 Jun, 2023 02:00 AM.

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