How to start

Bonnie Gneiser's Avatar

Bonnie Gneiser

23 Apr, 2019 03:52 PM

I read about Moneydance online on a review site and was led to believe that I could import directly from Quicken. I have Quicken 2016, but I only see references to Quicken Essentials (not sure what that is) when I download the free trial version and want to begin. Do I have to import everything as a QIF? Won't I be able to sync online with my various bank, savings, etc. accounts?

  1. 1 Posted by derekkent23 on 23 Apr, 2019 04:39 PM

    derekkent23's Avatar

    I am not support staff, just a user.

    Make sure you are running this build of Moneydance https://infinitekind.com/preview

    You need to use Quicken to export your data in a QIF file type.

    When you first start Moneydance it opens in the Welcome window click on “Create a new account set”. If you have opened Moneydance before create a new data set under FILE (MONEYDANCE on Mac) – NEW.
    Deleted the two default Bank accounts, highlighting them in turn and using ACCOUNT – DELETE ACCOUNT.

    Drag and dropped the QIF file into the side bar (list on left).
    Waited for import window to appear, this can take a few minutes. Checked all listed accounts are of the correct type and changed if required.
    Click import and waited to account values to file in, again this can take some time.
    Some accounts maybe hidden under the “+” at the bottom of the side bar, added them back.

    Checked that the initial balances are correct by highlighting an account, then click ACCOUNT – EDIT ACCOUNT for each account in turn. Some programs don’t export initial balances. For investment accounts QIF file don’t always carry security prices other than buy sell prices, so investment account balances maybe wrong until you update with current security prices. Reminder are not included in QIF files. Any accounts that are inactive (closed) should be made inactive by highlighting the account in the side bar and clicking ACCOUNT – EDIT ACCOUNT and ticking the inactive box. To remove them from the side bar right click and select REMOVE FROM SIDE BAR.

    For importing data from your banks see https://infinitekind.tenderapp.com/kb/online-banking-and-bill-pay

    For other information see https://infinitekind.tenderapp.com/kb

    Hope this helps

  2. 2 Posted by Bonnie Gneiser on 23 Apr, 2019 05:49 PM

    Bonnie Gneiser's Avatar

    I got the Quicken transactions into Moneydance. My version of quicken does not create a QIF file, so I read somewhere that you just export the QMTF (Macintosh) file and change the suffix. But there are so many incorrect balances in many accounts, not just investment accounts (missing transactions it seems) that I’d use well beyond my “free” manual transaction entries just trying to get the data to a useable state. Plus, Moneydance will apparently not link to my primary checking account (a small local bank, but I WAS able to link to them in Quicken). Guess I’ll need to try some other Quicken replacement. If I can’t link my accounts online I may as well just keep Quicken, because that will be the only thing I will lose at the end of this month.

    Thanks for the help.

    BG

  3. 3 Posted by derekkent23 on 24 Apr, 2019 07:18 AM

    derekkent23's Avatar

    I am not support staff, just a user.

    If you want to persist you can purchase and if things don’t work out use the Moneyback guarantee.
    See https://infinitekind.com/refunds

    There have been some important updates regarding QIF imports in the last few days try this build https://infinitekind.com/preview

    Hope this helps

  4. 4 Posted by dwg on 24 Apr, 2019 08:13 AM

    dwg's Avatar

    I'm a fellow user.

    QMTF files are sort of a subset of QIF files, however it has been reported that they do not handle all account types and have been known to not transfer Investment accounts correctly.

    So I believe that moving to any other software program will require work.

  5. System closed this discussion on 24 Jul, 2019 08:20 AM.

Comments are currently closed for this discussion. You can start a new one.

Keyboard shortcuts

Generic

? Show this help
ESC Blurs the current field

Comment Form

r Focus the comment reply box
^ + ↩ Submit the comment

You can use Command ⌘ instead of Control ^ on Mac