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bank accounts did not make the trip over

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Brent Thomas

Jun 21, 2019 @ 02:36 PM

Hello, I had 2 accounts that did not make the journey into money dance, they are listed but empty

1. 1 Posted by derekkent23 on Jun 21, 2019 @ 07:24 PM

   

   I am not support staff, just a user.

   Did you follow the steps below? If not see if they work for you.

   IMPORTANT make sure you are running 2019.3(1880) or later from https://infinitekind.com/preview

   You need to use Quicken to export your data in a QIF file type. Ensure any closed account that have transfers to any open accounts are included in the QIF file, re-open these accounts if necessary.

   Open the QIF file in a text editor. You are looking for the date format used in the file e.g. D25/03'2019 Day Month Year or D5/ 17'19 or D05/31/2017 Month Day Year etc. You will need this information later. If you get this wrong it will be apparent as the dates in Moneydance will be all over the place and you will need to start again creating a new data set.

   QIF files were never meant for transferring data from one program to another, but it’s all that is available, you will need to spend time cleaning thing up when import is complete.

   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.

   Select “Create New File” (Data Set) and click NEXT. Type in an Account Set Name (Data Set) and click NEXT. Change Primary Currency (base currency), if required. File Type, leave at “Standard Account set”, click FINISH.

   In the side bar (list on left) under BANK deleted the two default Bank accounts, highlighting them in turn and using ACCOUNT – DELETE ACCOUNT.

   If you have accounts with currencies that are not in your base currency make sure they are displayed on the Summary Page. Ensure box “Show on summary page” is ticked under TOOLS – CURRENCIES – highlight subject currency and double click – EDIT.

   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.

   IMPORTANT: Checked all listed accounts are of the correct type and currency and changed if required.

   The “Date Format” should be set to the date format used in the QIF file not the date format you want to use in Moneydance. Select the correct Decimal Character. Do not tick “File was downloaded”.

   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.

   Some QIF files don’t include initial account balances. If you think this is the case you can add initial balance to affected accounts as follows.
   Highlighting an account, then click ACCOUNT – EDIT ACCOUNT and add an Initial Balance.

   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.

   Now the real work starts to check balances and tidy thing up. This is especially true of investment accounts as not all action types are supported. But worth it in the end.

   For information on how to use Moneydance see https://infinitekind.tenderapp.com/kb

   Hope this helps.

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2. System closed this discussion on Sep 20, 2019 @ 07:30 PM.