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Mutual funds Quicken to Moneydance download

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Richard Baker

20 Dec, 2015 08:19 PM

If I downloaded my Quicken data file to Moneydance and my 2 mutual funds are each in their own account, will Moneydance put each mutual fund in a different Moneydance investment account or will it merge the 2 mutual funds into only 1 investment account?? I need them to each be in their own account to avoid confusion! Thanks

1. 1 Posted by Tom Freeman on 20 Dec, 2015 11:38 PM

   

   Are they in separate accounts in quicken? If so they should import into MD as two separate accounts?

   If not, we can devise a work around.

   Tom Freeman
   Infinite Kind Support

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2. 2 Posted by Richard Baker on 21 Dec, 2015 12:55 AM

   

   Yes, the 2 mutual funds are in separate investment accounts in Quicken (the type of account is the special one for only 1 mutual fund per account, not the regular Brokerage account); there would be just one .QIF download file to export from Quicken that contains all 4 of my accounts (2 investment accounts and 2 bank/savings accounts)

   Dick Baker

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3. 3 Posted by Tom Freeman on 21 Dec, 2015 01:03 AM

   

   If the import does not set up the funds as you wish, after creating your MD account and importing the quicken files into MD, you can create two new separate investment accounts then export just the fund accounts from quicken and import each into its own investment account in MD. Then you would delete the account that contains both.If need be you can just export the investment account individually.

   Tom Freeman
   Infinite Kind Support

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4. 4 Posted by Richard Baker on 21 Dec, 2015 01:27 AM

   

   Can MD select specific investment accounts (the blank ones made) as the destination for Quicken investment account QIF files to go to?? That sounds great as an alternative if the original .QIF export from Quicken does not go where I want it to.

   Dick Baker

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5. 5 Posted by dwg on 21 Dec, 2015 04:42 AM

   

   Because of the software I was using I had to handle importing on an an account by account basis for everything.

   I have many investments with only one security per account. I set up each account to start with created the securities then added the securities to the investment accounts as needed.

   I then imported each QIF file directing what account to import it into. The only real problems I had was needed to clean up transaction types that Moneydance did not know about and also clean up Dividends as the import filter ignored the category of these in the QIF file and assigned them all to the "Dividends" category.

   I think that setting up account, investments and categories correctly before importing is one of the secrets. Another thing to be careful of is that all accounts security and category names must match exactly with what is in Quicken and thus what is in the QIF file.

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6. System closed this discussion on 21 Mar, 2016 04:50 AM.