Learn how Quicken file elements convert in Money

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The list below details how Money handles the elements in your Quicken file when you convert it. Most Quicken files won't change noticeably when you convert to Money. However, if your file is very large or very complex, there are a few issues you'll want to be aware of.

You might want to print this list if you plan to review it thoroughly.

How Money converts each file element:

• Opening balance Opening balance is a transaction in your checkbook in Quicken, but in Money it is a field in Account Details.
• Categories Money supports one level of subcategories (A subset of an income or expense category. For example, for a category called Bills, you could have a water subcategory and an electricity subcategory. The subcategory field is located just to the right of the category field.). If you have a transaction categorized in Quicken as "Recreation:Camping:Equipment," after conversion it will be categorized in Money as "Recreation:Camping-Equipment." While in Quicken you might have subcategories of the subcategory "Camping" called "Equipment" and "Permits," in Money they'd be two subcategories: "Camping-Equipment" and "Camping-Permits."
• Transaction groups Money does not import scheduled transactions (A payment, deposit, transfer, or investment purchase that is set up in Bills & Deposits to occur with a specific frequency. Upcoming instances of this transaction appear in the list of Upcoming Bills & Deposits.) assigned to Quicken transaction groups. However, it's easy to add those transactions to Money's Bills area after conversion. Simply right-click the transaction in the Account Register and choose Add to Bills & Deposits.
• Budgets If you use multiple budgets in Quicken 5.0, 6.0, or 7.0, Money imports as active the most recently used budget from your file. If you have multiple budgets in Quicken, decide which one you'd like to have active in Money. Money supports only one active budget and will automatically archive all but the budget you used most recently in Quicken.

  Quicken budgets are converted to the archived budget format in the conversion process following the same rules that convert Quicken budgets to the active Money budget. Their names are saved as the archived budget name and the date range associated with them is the date of the conversion with a duration of one day.

• Passwords Money imports the password for a Quicken file, but not the password for a transaction.
• Memorized charts Money does not import Quicken charts and reports, but you can recreate them in Money and save them as Favorites.
• Supercategories Supercategories are not imported. Other categories and subcategories are imported as described above.
• Investment accounts If a Quicken investment account (An account type specifically tailored for investment record keeping. Generally, youÆll set up one investment account for each account statement you receive. YouÆll then add individual investments to this investment account.) has a linked checking account, it will be converted into an Associated Cash Account (The cash portion of an investment account. This is a place to temporarily store cash you use to buy investments, or to deposit cash from investment sales and profits. Associated cash accounts have the same name as the corresponding investment account, followed by the word ôCash." (For example, ôHanson Brothers (Cash).ö) in Money. If a Quicken investment account doesn't have a linked checking account, Money will create an Associated Cash Account.
• Lots If specific lots (A block of stock or mutual fund shares purchased at the same time. For example, if you purchase 100 shares of Litware, Inc. on Jan. 10, and 50 shares of Litware, Inc. on Jan. 11, you would own two lots of Litware, Inc. When securities are sold, Money will assume a FIFO (First In, First Out) sale flow. Therefore, if you later sold 50 shares of Litware, Inc., Money will assume half the first lot has been sold.) are identified for an investment transaction, Money copies the lot handling information and assigns the criteria to "custom." If your lot data in Quicken is inconsistent, or you don't specify particular lots for a transaction, Money assigns lots using the "First In, First Out (FIFO)" method. Lot information is only converted for stocks, mutual funds, and bonds.
• Short sells Whenever the number of shares in a Quicken file is negative, Money automatically converts the "sell" transaction into the following transactions:

Whenever the number of shares in a Quicken file is negative, Money automatically converts the "buy" transaction into the following transactions:

Any short activities in Quicken that are not sell transactions will not be converted to Money. Also, in Money, you can only short sell stocks and mutual funds. If any other security (Any investment that has a unit value that can change. Typical securities include stocks, bonds, and mutual funds.) type is shorted in your Quicken file, it will not be converted to Money.

• Investment categories If you didn't track investments (An asset that an investor purchases with the hope that it will grow in value over time, such as stocks, bonds, mutual funds, certificates of deposit (CDs), and money market funds.) in Quicken and you want to start tracking them in Money, it's a good idea to assign categories to your investment transactions. Click Options from the Tools menu, click Investments, and then click Investment Categories. In the Investment Categories dialog box, create the categories and subcategories you want to use for each kind of investment transaction.
• Class List Money supports two Classifications (compared to one Class (Part of a classification. For example, if you own rental property, you might set up a Property classification with ôHouse at 1000 High St.ö and ôApartment on Burton Rd.ö as a class.) group in Quicken), and Money's Classifications (Use classifications in addition to income and expense categories to further organize your transactions. For example, with classifications, transactions can be organized by family member, property, or project. You can create up to two classifications in the Categories and Payees area.) work differently than Quicken's Classes. Money imports Classes so that you can use them according to Quicken's model or Money's ù which means that you might end up with two versions of the same class. After conversion, you might want to clean up your classification list by deleting any extras.
• Debt Reduction Plan Data Money does not convert any information from a Quicken Debt Reduction Plan. If you have the Money 99 Financial Suite, use the Lifetime Planner to set up a Debt Reduction Plan.
• Loan payments made using Online Services If you made loan (Money borrowed or lent, usually in exchange for interest. In Money you may want to set up Loan Accounts to track major debts on which you make regular payments. For tracking debts that youÆll pay off in the near future or with a single payment, you may want to use Liability Accounts.) payments electronically in Quicken, you'll end up with two payments scheduled in Money's Bills area for each loan payment. To delete the extra set of payments, right-click an instance of the payment in the Bills area, then click Delete All Instances.
• Manually scheduled loan payments Money schedules loan payments according to the loan's payment frequency. If you manually added payments to Quicken's scheduled transaction list, Money does not import them.
• Loan with a variable interest rate Money imports only the most recent rate from your Quicken file. This might affect the loan amortization (A plan that enables a borrower to pay off a debt, such as a mortgage, gradually through periodic payments of principal and interest.) schedule.
• Investment activities Money maps to the investment activities that most closely match the Quicken ones, ensuring that the activity is affected the same way it was in Quicken. In Money using the Find and Replace command on the Tools menu, search for the memo text "Quicken: modified transaction" in your investment accounts to find all changed investment transactions.
• Loans: Payment frequency different than compounding frequency Money changes compounding frequency to match payment frequency for most loans. If the loan uses Canadian compounding (twice yearly), Money does not change the compounding frequency.
• Investment types Any investment (An asset that an investor purchases with the hope that it will grow in value over time, such as stocks, bonds, mutual funds, certificates of deposit (CDs), and money market funds.) types in your Quicken file that Money does not recognize (such as security types that you defined) are assigned the type "Mutual Fund."
• Num field entry for online payments that have not yet been transmitted Money changes all Xmits to ">>>>>". Unsent online payments from Quicken version 7.0 appear as "Send" in the Num field in Money. To send these transactions, you need to sign up for online bill payment through Money. Then choose Find and Replace from the Tools menu and search for ">>>>>" or "Send" depending on the version of Quicken you are converting from. Change each found transaction's number field to "Epay." Those payments will be sent the next time you connect to your financial institution.
• Savings Goals Money imports a Quicken Savings Goal as a savings account with transactions representing transfers to that account.

How do I prepare a Quicken file for conversion to Money?

How do I convert a Quicken file to Money?

How do I switch Quicken Online Services to Money?

What happens to IntelliCharge accounts?