tag:infinitekind.tenderapp.com,2009-01-14:/discussions/switching-from-another-personal-finance-program/21139-migrate-quicken-dataInfinite Kind: Discussion 2022-06-30T10:33:12Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/547345522022-06-20T20:52:18Z2022-06-20T20:52:18Zmigrate Quicken data<div><p>I am not support staff, just a user.<br>
Hi Linda</p>
<p>1) Can I reconcile bank and credit card accounts? YES!</p>
<p>2) Is there a way to import Quicken for Windows data to MoneyDance for Mac? I would really hate to lose all my historical data. YES!</p>
<p>Try it out for yourself.</p>
<p>The downloaded version of Moneydance is a full working version with the only limit being a maximum of 100 manually entered transactions, with no time limit. Imported files from other financial programs and your bank have no limit on imports, provided that you do not confirm them. If you decided to purchase, you are sent a key by email that unlocks the 100-manual transaction limit. If after testing with this free trial version you purchase and change your mind see the 90 day money back guaranty at <a href="https://infinitekind.com/refunds">https://infinitekind.com/refunds</a></p>
<p>For the future Moneydance never sunsets the version it releases. So, you don’t have to upgrade. If you won’t to upgrade the next version is free (say 2021 to 2022) and from then on you get a 50% discount. All upgrades within a version are free.</p>
<p>Make sure you are running this build of Moneydance <a href="https://infinitekind.com/preview">https://infinitekind.com/preview</a><br>
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. Export everything Quicken export will allow.</p>
<p>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.</p>
<p>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.</p>
<p>When you first start Moneydance it opens in the Welcome window click on “Create a new account set”. If you have opened Moneydance before creating a new data set under FILE (MONEYDANCE on Mac) – NEW.<br>
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.</p>
<p>In the Side Bar (list on left) under BANK deleted the two default Bank accounts, highlighting them in turn and using ACCOUNT – DELETE ACCOUNT.</p>
<p>NOTE: If you have accounts with currencies that are not in your base currency (foreign currencies) perform the steps under NOTE 1 before importing your QIF file as follows.<br>
Drag and dropped the QIF file into the Side Bar (list on left).<br>
Wait for the Analyzing data window to close, this can take a few minutes. Nothing may appear to happen until the Import window opens.</p>
<p>IMPORTANT: Checked all listed accounts are of the correct type and currency and changed if required.</p>
<p>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. Later Builds of Moneydance may also include a Text Encoding dropdown, leave at default selection.</p>
<p>Click Import and wait, the process can take some time. Again, nothing may appear to be happening until the process is complete, indicated by the Merging data window closing.</p>
<p>IMPORTANT: When import is complete close and reopen Moneydance.</p>
<p>Some or all of the accounts maybe hidden in the Side Bar, list on left. To make accounts visible click the “+” at the bottom of the Side Bar, then Advanced, then OK. If this does not help, try closing and re-opening Moneydance.</p>
<p>Any accounts that are inactive (closed) should be made inactive. This will remove them from the Summary Page, two columns on the right, in the Account Section as well as from reports. There are two methods to accomplish this:<br>
1. By highlighting the account in the Side Bar and clicking ACCOUNT – EDIT ACCOUNT and ticking the inactive box – OK.<br>
2. Click TOOLS – ACCOUNTS and in the windows that opens double click on the Account Name and in the window that opens tick the inactive box - OK. In the list of Account names Accounts in lighter text are inactive. After making the required changes click DONE.</p>
<p>To remove Accounts from the Side Bar, right click and select REMOVE FROM SIDE BAR.</p>
<p>You can also click the “+” button at the bottom of the Side Bar, click Advance then use the Advance window to determine which items are visible in the Side Bar.</p>
<p>On the Summary Page, two columns on right, if you have Investment Securities, they will be shown in a section STOCK PRICES. This may include securities in which you no longer have holdings. To remove these from the list double click on Security Name – EDIT and then untick SHOW ON SUMMARY PAGE box – OK - X</p>
<p>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.<br>
Highlighting an account, then click ACCOUNT – EDIT ACCOUNT and add an Initial Balance.</p>
<p>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.</p>
<p>Reminders are not included in QIF files.</p>
<p>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.</p>
<p>For information on how to use Moneydance see <a href="https://infinitekind.tenderapp.com/kb">https://infinitekind.tenderapp.com/kb</a></p>
<p>Note 1: This section only applies if you have accounts with currencies that are not in your base currency. For these currencies ensure “Show on summary page” box is ticked under TOOLS – CURRENCIES – highlight subject currency and double click – EDIT.<br>
Note: QIF file do not contain exchange rates. To overcome this QIF file shortcoming the Currency/Security History window must have current and dated exchange rates filled in which cover the date range of transactions in non-base currency account. As well as manually adding exchange rates you can import CSV exchange rate files downloaded from sites on the web. Use IMPORT button in the Currency/Security History window. If you have investment account, their balances will probably be incorrect. This is due to the fact that the currency set in the security history windows will be in the Moneydance base currency. You can change to the correct security currency and provided exchange rates exist the values will be converted. As you do this re-calculation occurs, but I think the results should be correct. No guarantees the section will work correctly.</p>
<p>Hope this helps.</p></div>derekkent23tag:infinitekind.tenderapp.com,2009-01-14:Comment/547345522022-06-20T21:00:13Z2022-06-20T21:00:18Zmigrate Quicken data<div><p>Thank you very much. I will study these instructions and see if it will work for me.</p></div>Lindatag:infinitekind.tenderapp.com,2009-01-14:Comment/547345522022-06-26T22:43:25Z2022-06-26T22:43:27Zmigrate Quicken data<div><p>Would there be a benefit to downloading the windows version of MoneyDance and convert my quicken data before attempting to access it on my MacBook?</p></div>Lindatag:infinitekind.tenderapp.com,2009-01-14:Comment/547345522022-06-26T23:14:53Z2022-06-26T23:14:53Zmigrate Quicken data<div><p>I'm a fellow user.</p>
<p>From a technical or Moneydance perspective it does not matter. It is probably more question of which platform you feel more comfortable to work on.</p></div>dwgtag:infinitekind.tenderapp.com,2009-01-14:Comment/547345522022-06-27T00:59:21Z2022-06-27T00:59:21Zmigrate Quicken data<div><p>It sounds like you are looking to move to a Mac? If so, exporting your data from Quicken into the QIF format, and then moving the QIF file to the Mac, should allow you to follow the steps outlined in the first reply to this thread. You could do that process on the Windows computer, it shouldn't make a difference in terms of the import results you get.</p>
<p>Ethan<br>
Infinite Kind Support</p></div>Ethantag:infinitekind.tenderapp.com,2009-01-14:Comment/547345522022-06-27T01:55:02Z2022-06-27T01:55:02Zmigrate Quicken data<div><p>Thank you</p></div>Linda Carlsontag:infinitekind.tenderapp.com,2009-01-14:Comment/547345522022-06-27T20:34:49Z2022-06-27T20:34:55Zmigrate Quicken data<div><p>Hi Derek . . . I created a .QIF file from my Quicken. Unfortunately, I had several closed accounts and there isn’t any way to reopen them according to Quicken support. Apparently, the following 4 transactions were transfers to one of the closed accounts and they are throwing off my balance. How should I handle these 4 transactions?</p>
<p>Thanks for the help!!</p></div>Linda Carlsontag:infinitekind.tenderapp.com,2009-01-14:Comment/547345522022-06-27T22:03:07Z2022-06-27T22:03:07Zmigrate Quicken data<div><p>just a user</p>
<p>I haven't had this problem, so I'm just "making things up" - but maybe create a category called "Deleted Account 1" and assign that as the "bucket" to hold the transfer? (Then it will be Deleted Account 1 that will have all those balance issues, but you can just ignore it versus not being able to ignore balances in the live account.)</p>
<p>You may get other suggestions, but that is what I'd try if I had the issue.</p></div>dtdtag:infinitekind.tenderapp.com,2009-01-14:Comment/547345522022-06-27T22:06:06Z2022-06-27T22:06:06Zmigrate Quicken data<div><p>Here’s what I have discovered since posing my question. My import included all the splits AND an entry for the total as well (I failed to include the total entry in my screenshot). I opted to delete the total entry and keep the splits. That solved my issues. Thanks for your quick response.</p></div>Linda Carlson