tag:infinitekind.tenderapp.com,2009-01-14:/discussions/switching-from-another-personal-finance-program/14623-switching-from-ynab-4Infinite Kind: Discussion 2019-12-15T20:40:24Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/476265882019-09-15T20:39:36Z2019-09-15T20:39:36ZSwitching from YNAB 4<div><p>Hi Audrey,<br>
Thank you for contacting Moneydance support.</p>
<p>If you haven't already, I encourage you to download our free trial version and experiment with the program. You can download the trial version of Moneydance from our website on <a href="https://infinitekind.com/downloads">this page</a>.</p>
<p>The trial 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 downloading data from your bank, and importing data from other personal finance software.<br>
If you decide to purchase the program at a later date you can keep all data you have entered during the trial period.</p>
<p>You can find the Moneydance knowledge base <a href="https://infinitekind.tenderapp.com/kb/">here</a> which will be useful if you're using the program for the first time. I'd be happy to provide guidance if you have any questions or need assistance getting setup.</p>
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<p>QIF files can be imported easily, but we would recommend you use the OFX or QFX file format, if either are available.</p>
<p>OFX and QFX files contain unique transaction identifiers. If you were to accidentally download the same transaction to Moneydance more than once, the ID would be recognised. Moneydance would then ignore the duplicate transactions and not download them again.<br>
Unfortunately QIF files don't contain these same ID's.</p>
<p>I'd recommend taking a look at <a href="https://infinitekind.tenderapp.com/kb/online-banking-and-bill-pay/confirm-downloaded-data">this article</a> from the knowledge base that details recognising and confirming your recently downloaded data.</p>
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<p>In Moneydance it is only possible to assign one base currency to an account.</p>
<p>You will need to choose the currency that is most in use or that you generally use as the base currency.<br>
To enter transactions with different currencies into the account, you will need to create categories that use the other currencies.</p>
<p>For further details on creating categories, please refer to <a href="https://infinitekind.tenderapp.com/kb/accounts-and-categories/create-edit-or-delete-categories">this article</a>, "Create, edit or delete Categories"in the Knowledge Base.<br>
It might be useful to see "Create, Edit or Delete Currencies" available <a href="https://infinitekind.tenderapp.com/kb/currency-and-vatgst/create-edit-or-delete-currencies">here</a>, as well.</p>
<p>The steps for entering different currency transactions into E.g.: a Travel cash card, are:<br>
Enter transaction, assign the correct currency category, this will unlock the foreign amount area in the transaction and display the exchange rate, lastly save the transaction.</p>
<p>Finally, you should install the Quotes and Exchange Rates extension. To do this, choose Extensions --> Manage Extensions.<br>
To update currency rates, you can use AlphaVantage or European Central Bank.</p>
<p>I hope this information is helpful. Please let me know if you have further questions or need any assistance.</p>
<p>--<br>
Maddy, Infinite Kind Support</p></div>Maddy