quicken files to money dance
is a person able to transfer quicken data to money dance?
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1 Posted by dwg on 10 Mar, 2024 12:44 AM
I'm a fellow user.
Quicken stores its data in proprietary QDF files that other vendors cannot read. Proprietary data files are used by most vendors, there is no standardised format in the financial world.
Moneydance can however process QIF files, and while these are not perfect as they were not intended for data migration purposes, they are the best file type that is available to us.
You need to use Quicken itself to export the raw transaction data into one (preferably) or more QIF files.
To obtain QIF files from Quicken you need to use Quicken's export function.
QIF files can be read by most financial programs, and from these files Moneydance tries (and mostly succeeds) to create the account/category structure and to populate it with the transactions from the file.
There is a section in the Knowledge Base with a lot of information on the process:
https://infinitekind.tenderapp.com/kb/importing-data-from-other-programs
I do not intend to go into detail about importing QIF files, that would likely lead to a very long response that goes down many paths, many of which may not apply to your situation. One thing I would say at the outset is to have a look at the contents of the QIF file(s), it is just a text file, and check the date format inside the file. This needs to match the format you tell the importer when you are importing, some may think that the date format is the format you want to see in your file, it is not, it is the date format inside the QIF file.
It is recommended that you download Moneydance and use it in trial mode to see if the software is suitable for you. Trial mode is fully functional, with the only restriction being a 100 manually entered transaction limit, imported transactions are unlimited.
The current stable release can be downloaded from:
https://infinitekind.com/download-moneydance-personal-finance-software
You can try the import process, then post any problems you encounter in the forums and people here will try to help you. There is no super document that describes the process, every problem you could encounter and the solutions to such problems. QIF is very ambiguous, as stated earlier not designed or intended for migrations, and some vendors can also be very creative in the transactions they have, so we see new issues arise, so having such a document would be a never ending task.
System closed this discussion on 09 Jun, 2024 12:50 AM.