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Conversion Quicken 2014 to Moneydance

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JOHN COFFMAN

07 Dec, 2025 10:39 PM

I'm switching from Quicken 2014 to Moneydance. Eventually, the program seems like it will be a very good one.
I'm wondering if there is someone who can assist me with best practices on the conversion. Many more accounts were setup than I thought would have been. I'm a retired CPA that usually catches on quickly. I'm just trying to save some time on the conversion by visiting with someone much more experienced. I would prefer maybe a zoom meeting so I can share my screen. Is this something that is available from support or can you refer me to someone who provides this sort of service?

1. Support Staff 1 Posted by Maddy on 08 Dec, 2025 03:19 PM

   

   Hi John,
   Thank you for contacting Moneydance support.

   We are a very small team operating world-wide and this kind of service simply wouldn't be feasible.
   That being said, we have provided a step by step guide below:

   • If you are importing from Quicken you need to open Quicken to export your data into one or more QIF files.

   Ideally you'll export one QIF file that contains all of your account data. Use the option to export 'all accounts' within one QIF file if this is available within the software you're using.
   If not, you should export one QIF file for each account in your file.

   Make sure you export any closed or inactive accounts containing transfers to your open accounts. You may need to re-open these accounts before exporting.

   If you're using Moneydance for the first time, when you open the program, you'll see the Welcome window. Choose “Create a new account set” and setup a new data file.
   If you have opened Moneydance previously, you can create a new data file by choosing File --> New --> Create a New File. Then follow the prompts to enter a name and currency for your new file.

   When viewing your new data file, choose File --> Import. Then navigate to and select the QIF file.

   You'll be asked which account you want to import your data into. If you have data for multiple accounts within one QIF file, you can pick any account.

   Below this, Moneydance will automatically try to determine the date format and decimal character used within the QIF file.
   If you want to check this, open the QIF file with a text based program like NotePad or TextEdit. This will allow you to check which date format and decimal character are being used.

   Choose 'Import' and wait a moment while your accounts and data are imported into Moneydance.

   If it appears some of your accounts are missing from the left side bar, press the '+' button at the bottom of the side bar. Choose 'Advanced'. You should see the missing accounts in the panel on the left - highlight the account name and press 'Add' to move the accounts into the panel on the right. When you're done press OK and these accounts should then be available for selection from within the side bar.

   Some QIF files don’t include an 'Initial Balance' for your accounts (sometimes referred to as a beginning balance or a starting balance). If this is the case, you'll see all transactions have imported but the account balance will show a discrepancy.
   To fix this, select the account and choose Account --> Edit Account. In this window, you can enter an amount into the 'Initial Balance' field.

   For investment accounts, QIF file don’t always carry security prices other than buy/sell prices, so investment account balances may be wrong until you update with the current security prices.

   Reminders are not included in QIF files as the QIF file format has no ability to include reminder data.

   Finally, it may be worth referring you to this article of the Knowledge Base on Possible Problems After QIF Import.

   I hope this information is helpful. Please let us know if you have further questions or need more assistance.

   --
   Maddy, Infinite Kind Support

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2. 2 Posted by John Coffman on 08 Dec, 2025 03:45 PM

   

   Thanks Maddy. I really appreciate the quick response and understand. I read the import from Quicken QIF reports after I had already imported. I realize that I should have read it first. I was hoping that there might be someone in the community that could provide initial support, answer a couple of questions and point me the right direction.. If you know someone that would be great. Otherwise, I'll either get through it myself or go back to Quicken. I like the program. I don't want a subscription service like Quicken provides.

   Thank you very much for providing me with prompt, direct feedback.

   John Coffman

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3. 3 Posted by dtd on 09 Dec, 2025 01:02 AM

   

   Usually, if you ask a specific question (versus generic help me) someone in the community will provide an answer. You can ask in this thread to do so,

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