Preparing Moneydance for Quicken import

If you intend to import an extremely large body of data (such as several years' worth of Quicken financial history) and/or if your QIF file includes a large number of split transactions or investment-related transactions, we strongly advise the following steps:

Basic Steps

1. Make certain you are using the most recent version of Moneydance.

2. Set up your accounts in Moneydance with identical names to what you had in Quicken. This can be done easily by running the import once with the "Import Account Info Only" check box selected.

3. Correct any errors or make any necessary adjustments to the properties of each account. In particular, when importing data for accounts with multiple currencies, set the correct currency on each account.

4. Now import again with the "Import Account Info Only" box UNchecked to import the actual transaction data.

If the above guidelines do not help you import your data without too much cleanup, please post your issues on our forum. Our support staff moderates the forum and can address your issues more specifically.

Multiple / Foreign Currency

It is important that you set the currency correctly on each account as described above before importing your data as the QIF files produced by Quicken do not contain currency information. By doing this, most foreign currency transactions should import correctly, however, transfers between two accounts with different currencies may generate duplicate transactions -- one for each "side" of the transaction. This is because the currency and exchange rate information is not stored in the QIF file, so it is difficult for Moneydance to match up the amounts and recognize they are the same transaction.

For a small number of transactions, it may be useful to correct these manually. For a large number of transactions, there is an unoffical extension posted in the Yahoo! group that may help identify and eliminate the duplicates.

http://tech.groups.yahoo.com/group/moneydance/files/Extensions/