Questions Regarding Switching from Quicken Home & Business 2016

e3k.smith's Avatar

e3k.smith

15 Jul, 2016 02:38 PM

Hi,
I have been a long time Quicken user but I am now seeking alternatives that work well. I'm in Canada and I am wondering:
1) How can I download transactions from my bank and online accounts as Moneydance isn't listed as an option?
2) Does the program convert the Quicken data file into it's format? Is there a risk of data loss?
3) Does the program deal with multiple accounts in a single data file?

  1. Support Staff 1 Posted by Ethan on 16 Jul, 2016 01:56 PM

    Ethan's Avatar

    Hello,

    If your bank doesn't supports direct OFX connections, which Moneydance 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, OFX, OFC, or QIF 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. If your bank begins to support direct OFX connections in the future, we will be happy to work with them.

    We have detailed instructions on importing your data from Quicken at http://help.infinitekind.com/kb/importing-from-quicken-or-ms-money/.... Yes, data in Moneydance needs to be saved in the Moneydance file format, as only Quicken can read their file format directly.

    You can have as many accounts as you want in a single data file.

    I encourage you to download our free trial version from http://infinitekind.com/downloads 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 things like importing from other programs and connections with your bank. 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.

    In case you haven't found it yet, our full user guide can be downloaded from http://help.infinitekind.com/kb/user-guides

    Ethan
    Moneydance Support

  2. Ethan closed this discussion on 16 Jul, 2016 01:56 PM.

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