tag:infinitekind.tenderapp.com,2009-01-14:/discussions/switching-from-another-personal-finance-program/690-creating-new-accounts-in-moneydanceInfinite Kind: Discussion 2018-10-18T14:04:04Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/382712982015-10-22T19:00:13Z2015-10-22T19:00:13ZCreating new accounts in Moneydance<div><p>Hi David,</p>
<p>That particular instruction only pertains to Investment accounts
and if I remember correctly, it only pertains to investment
accounts IF you chose to track cash separately.</p>
<p>If you did so, there will be a separate cash ledger along with
the investment account ledger in MS Money. Hence you'll need to
create two accounts in Moneydance, a Bank account to bring over the
cash and an investment account to bring over the txns, then, with
fingers crossed, merge them afterwards.</p>
<p>Good luck. Take your time. It is not a trivial task to import
from MS Money. It's unfortunate that MS Money makes it so difficult
to export it's data.</p>
<p>HTH -Kevin N.</p></div>-Kevin N.tag:infinitekind.tenderapp.com,2009-01-14:Comment/382712982015-10-22T19:07:12Z2015-10-22T19:07:12ZCreating new accounts in Moneydance<div><p>I've tried numerous times, but each time the account
balances are vastly inaccurate. I have 14 years of data in MS
Money and at this point I think I'll delete all imported data and
just start Money dance with no history. I can always
reference Money for historical purposes. If I take this
approach, what is the best way to start? Should I
import the newest back statement and use a starting balance for
each account? </p>
<p>Sent from my Verizon Wireless 4G LTE smartphone</p></div>Dave Webertag:infinitekind.tenderapp.com,2009-01-14:Comment/382712982015-10-22T19:13:29Z2015-10-22T19:13:29ZCreating new accounts in Moneydance<div><p>Hi Dave,</p>
<p>Your balances may be off due to 'Initial Balances' not being
carried over and stock splits not being applied. That might be
something to look into if you want but otherwise yes, your plan B
is a sound approach</p>
<p>I imported my MS Money data several years ago and the end result
wasn't pretty. There were some areas where I just had to hold my
nose and fudge the data to make it reconcile.</p>
<p>I still keep MS Money running in parallel with Moneydance sort
of a checks and balances thing.</p>
<p>HTH -Kevin N.</p></div>-Kevin N.tag:infinitekind.tenderapp.com,2009-01-14:Comment/382712982015-10-22T19:22:48Z2015-10-22T19:22:49ZCreating new accounts in Moneydance<div><p>I'm not bringing any investment accounts over, just
checking, savings and credit cards. I don't really use
the budget or financial planner in MS Money, just more or less an
electronic register for all accounts. I have some older accounts
that have been closed, but they had transactions tied to
existing accounts, so I imported them as well thinking it
would help balance each account, but not so. During the
import process a new "bank" account was created (not by me) and
transactions from all accounts were dumped into this new
account. </p>
<p>Sent from my Verizon Wireless 4G LTE smartphone</p></div>Dave Webertag:infinitekind.tenderapp.com,2009-01-14:Comment/382712982015-10-22T19:31:25Z2015-10-22T19:31:25ZCreating new accounts in Moneydance<div><p>Hi Dave,</p>
<p>It sounds like you're doing everything right on your end but
it's just not ending up in the right places. QIF files were never
really intended for data transfer so they can tend to throw things
out of wack.</p>
<p>Since you're not tracking investment performance, I think that
you're best bet is plan B.</p>
<p>-Kevin N.</p></div>-Kevin N.tag:infinitekind.tenderapp.com,2009-01-14:Comment/382712982015-10-22T19:35:36Z2015-10-22T19:35:36ZCreating new accounts in Moneydance<div><p>OK, thanks for your help</p></div>David Weber