Starting from scratch. No imports
I am starting (Trying) to use Moneydance from scratch. No import from Quicken or anything. I'm just trying to download transactions from various accounts into blank accounts. How do I get the balances to import correctly to the current balance for each account?
Is there a help / instruction guide somewhere to help?
Thanks!
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1 Posted by dwg on 23 Jan, 2024 09:08 PM
The Moneydance Knowledge Base has a structure that provides documents on using the program, it is structured much like a manual with chapters and sections, the entry point is:
https://infinitekind.tenderapp.com/kb
This can be your starting point, and you can then post specific questions you may have to the forums.
Support Staff 2 Posted by Maddy on 25 Jan, 2024 10:20 AM
Hi Jeff,
Thank you for contacting Moneydance support.
After creating your local accounts you can download/import your data from your banks.
Currently, Moneydance supports automatic downloads using Direct Connect (mainly in the US) or Moneydance + (US and Canada).
Without Direct Connect and Moneydance +, you are still able to easily import your data into the program using the OFX or QFX file format, if either of these are available from your bank's website. If not, you can use the QIF file format.Please find the steps for manually importing your data in this article.
After downloading/importing your data, you should go through the confirmation process, as outlined here.
To begin the confirmation process, you should select the first transaction in the register with a 'blue dot'. A panel will appear on the right of your screen which shows the 'Current Transaction' details. You should amend the category within this panel, then select 'Confirm'.
You'll see the solid blue dot change to a blue circle. Moneydance will then move to the next unconfirmed transaction in the register.
As you go through this process it will become quicker and easier. Moneydance will begin to recognize the information you have previously confirmed, and start to suggest the correct categories within 'Similar Payees' in the panel on the right.
The next time you download from the bank many of the correct categories will automatically be assigned, and this will improve as you confirm more transactions.
Lastly, you should take a look at this article about Reconciling.
I hope this information is helpful. Please let us know if you have further questions or need more assistance.
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Maddy, Infinite Kind Support
System closed this discussion on 25 Apr, 2024 10:30 AM.