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Robert Ruben's Avatar

Robert Ruben

09 Feb, 2016 02:49 AM

I would like to switch from Quicken but do not know if you will give me the services that I need. First I need to be able to have money sent from my Citibank account as payments to various areas. Important to this is the credit card bills which will have a number of items that are tax-deductible which need to be itemized and others which are not. I also have a portfolio of stocks which I need to monitor. I have the initial cost of the stocks in the number of shares and need to know what is happening on a day-to-day basis. Then there needs to be a year and summary so that I can prepare my income tax as what are deductible expenses for professional travel professional dues etc. How difficult is it to switch from Quicken where I have all my payees information. Also I need to be able to write checks from this account. Looking forward to your reply.

Sincerely

  1. Support Staff 1 Posted by Jenny on 10 Feb, 2016 12:53 PM

    Jenny's Avatar

    Hi Robert,

    Unfortunately, it appears that your bank doesn't support direct OFX connections, which Moneydance (and other financial software) requires in order to talk directly to a bank.
    The best way to get your transactions into Moneydance is to use a web browser to download them from your bank's web site. You can download into QFX, QIF, OFX or OFC files (sometimes referred to as Quicken or MS Money files), any of which will import cleanly into Moneydance.
    You can also open your bank's download page directly (after entering the appropriate address in the Account --> Edit Account menu) by going to the menu bar and selecting Online --> Open Account Website, which makes the download process easier.

    If you haven't already, I encourage you to download our free trial version and experiment with the program before you decide if you would like to purchase it. The demo version is fully functional and allows you to manually enter 100 transactions. Imported transactions are not limited, so you'll be able to fully test importing your data from Quicken.

    If you decide to purchase the program at a later date you can keep all your data, the license key simply unlocks the ability to manually enter more transactions. You can download the trial version of Moneydance from here.

    You can follow the steps in this article, which details exporting your data from Quicken and importing to Moneydance.

    To write and print checks, when entering a new transaction select {print} from the check# field. To print the checks select File --> Print Checks. You can specify the check printing options by selecting File --> Preferences and click in the "Check Printing" Tab. You can read more about this here.

    Regarding your stocks, Moneydance can automatically download price information from Yahoo! and Google Finance. Most of the ticker symbols that you can use with these sites are provided for download. You can access this information by installing the Quotes and Exchange Rates extension and can read about setting this up here.

    I hope this information is helpful! Please let me know if I can be of further assistance, or if you have any other queries.

    Jenny
    Infinite Kind Support

  2. 2 Posted by Robert Ruben on 10 Feb, 2016 03:02 PM

    Robert Ruben's Avatar

    Many thanks – one more question – how do I put this – trial and paid or software - on my other computers – country home and laptop ( I travel a lot) ?

    Sincerely,

    Robert Ruben

  3. Support Staff 3 Posted by Jenny on 10 Feb, 2016 03:06 PM

    Jenny's Avatar

    Hi Robert,

    To share your data set between two computers running Moneydance, you need to move your data set to a folder that's shared by the two computers. We recommend using your Dropbox. This article details how to do this. Move your data set to your Dropbox folder, then open the data set from there on each computer (only on one at a time, to avoid corruption) and your data will sync between the two computers.

    When you purchase Moneydance, you will be sent a license key via email, which you can use to register the software on multiple systems (provided it is for personal use).

    Jenny
    Infinite Kind Support

  4. Jenny closed this discussion on 01 Mar, 2016 11:43 AM.

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