transfer qucken files

Dave's Avatar

Dave

05 Nov, 2020 01:15 AM

If I switch to MoneyDance does it have the capability to transfer my existing files from quicken.

Also we hold a private mortgage can it compute the interest protion of each payment as they are entered?

  1. 1 Posted by dwg on 05 Nov, 2020 01:39 AM

    dwg's Avatar

    I'm a fellow user.

    Quicken uses a proprietary data format so other vendors are not able to read the contents of QDF files. So unless a company is related to Quicken/Intuit they cannot directly use these files.

    Moneydance can however process QIF files, and while these are not perfect, as they were not intended for migrations, they are the best file type that is available to us.

    To get QF files from Quicken you need to use Quicken's export function to create QIF files that have the raw transaction information in them.

    Basic details on how to import these files into Moneydance can be found in the knowledge base at:

    https://infinitekind.tenderapp.com/kb/importing-data-from-other-programs/importing-data-in-qif-format-2

    The knowledge base has many articles on using Moneydance the entry point is:

    https://infinitekind.tenderapp.com/kb/

    It is recommended that you you download Moneydance and use it in trial mode to see if the software is suitable for you. Trial mode is fully functional, with the only restriction being a 100 manually transaction limit, imported transactions are unlimited.

    The current stable release can be downloaded from:

    https://infinitekind.com/download-moneydance-personal-finance-software

    The latest preview release (which contains the latest fixes) can be downloaded from:

    https://infinitekind.com/preview

    In regard to mortgages if you have the mortgage i.e. you owe the money, then Moneydance can work with these calculate interest etc. If money is owed to you Moneydance cannot automatically handle these and you would need to set it up as an assets account, you would have to calculate interest yourself.

  2. Maddy closed this discussion on 05 Nov, 2020 12:08 PM.

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