Converting from MS Money to Quicken


L

Laura

I'm thinking of switching from MS Money to Quicken.

Can Quicken convert MS Money files to quicken?

Thanks,
Laura
 
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R

Rick Hess

Laura said:
I'm thinking of switching from MS Money to Quicken.

Can Quicken convert MS Money files to quicken?

The short answer is "yes". You may want to check the archives in this NG to
see what issues occur upon conversion. IOW, the conversion is often not
100% accurate, and some manual corrections may be necessary.
--


Rick Hess
New Orleans
To reply, eliminate All_Spammers
 
Q

qscGoogle

Laura,

Why are you thinking of switching? I've been thinking of switching to
Money because I really don't like Quicken, even though I've used it for
over 10 years.
 
L

Laura

Laura,

Why are you thinking of switching? I've been thinking of switching to
Money because I really don't like Quicken, even though I've used it for
over 10 years.
My sister and I need to closely track our mother's expenses these days since
we always forget to check for medical dedcutions, etc in her checkbook.
She's using Quicken on the trust account but I am using MS money on the
checking account. It would be easier for me to switch to Quicken than it
would be to have my sister learn MS money. We may actually want to use
Quickbooks for a whole picture but our bank only downloads to Money or
Quicken.
 
L

Laura

Rick Hess said:
The short answer is "yes". You may want to check the archives in this NG
to
see what issues occur upon conversion. IOW, the conversion is often not
100% accurate, and some manual corrections may be necessary.
Thanks for the heads up. I will check the archives.
 
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A

Andy

I'm thinking of switching from MS Money to Quicken.

Can Quicken convert MS Money files to quicken?
Yes, but watch out - Intuit might just turn around and say "**** you"
when you least expect it. That's what they have done to their Quicken
users in the UK, simply abandoned their customers and discontinued the
product...
 
R

Rick Hess

Laura said:
To have multiple accounts under one roof or does quicken do that too?
Yes. But only one user can access them at a time.
--


Rick Hess
New Orleans
To reply, eliminate All_Spammers
 
L

Laura

Rick Hess said:
Yes. But only one user can access them at a time.
Then that will work. At tax time she can just pass me her file and I can
merge them.
 
D

David Arnstein

Can Quicken convert MS Money files to quicken?
This might be obvious, but just in case: check your version of MS Money.
In general, the conversion is supported from an earlier version to a
later version. Thus, converting from Money2004 to Quicken2005 should
work. Converting Money2005 to Quicken2005 may not work.

I went in the opposite direction. I switched from Quicken to Money.
Well, not quite. I am running both programs concurrently. It's a lot
of work, but I believe that both Intuit and Microsoft are intent on
screwing their long term customers, in various ways. I'm giving myself
the option of relying on one or the other, depending on how awful the
two programs become in the future.

My method was to wait for Money and Quicken to release their 2005
versions. They both appear at about the same time of year. I bought
both products. Then,

1. Install Money 2005 for the first time. Direct it to import data
from my existing Quicken 2004 data file. Suffer greatly, as the conversion
process produced many problems.

2. Upgrade Quicken 2004 to Quicken 2005.

I suggest that you maintain both Quicken and Money for several monthes.
You might find a bug in Quicken that you cannot live with. More likely,
you will find some aspect of the program that appalls you. Both programs
have their appalling aspects now.

When large businesses switch from one accounting system to another, they
run both systems in parallel for awhile. Your financial data is as
important to you as any corporation's data is to itself, so act
accordingly.
 
T

Tom G.

Then that will work. At tax time she can just pass me her file and I can
merge them.
No you can't. Quicken no longer supports merging data files. The QIF import
feature in Quicken 2005 is now crippled and the QFX import can only be done
through a bank download. That's why lots of people are upset and
considering switching to MS Money.
 
L

Laura

Tom G. said:
No you can't. Quicken no longer supports merging data files. The QIF
import
feature in Quicken 2005 is now crippled and the QFX import can only be
done
through a bank download. That's why lots of people are upset and
considering switching to MS Money.
Bummer. Maybe I need to reconsider switching and get my sister to use ms
money instead of quicken. Thanks for the heads up.
 
L

Laura

David Arnstein said:
This might be obvious, but just in case: check your version of MS Money.
In general, the conversion is supported from an earlier version to a
later version. Thus, converting from Money2004 to Quicken2005 should
work. Converting Money2005 to Quicken2005 may not work.

I went in the opposite direction. I switched from Quicken to Money.
Well, not quite. I am running both programs concurrently. It's a lot
of work, but I believe that both Intuit and Microsoft are intent on
screwing their long term customers, in various ways. I'm giving myself
the option of relying on one or the other, depending on how awful the
two programs become in the future.

My method was to wait for Money and Quicken to release their 2005
versions. They both appear at about the same time of year. I bought
both products. Then,

1. Install Money 2005 for the first time. Direct it to import data
from my existing Quicken 2004 data file. Suffer greatly, as the
conversion
process produced many problems.

2. Upgrade Quicken 2004 to Quicken 2005.

I suggest that you maintain both Quicken and Money for several monthes.
You might find a bug in Quicken that you cannot live with. More likely,
you will find some aspect of the program that appalls you. Both programs
have their appalling aspects now.

When large businesses switch from one accounting system to another, they
run both systems in parallel for awhile. Your financial data is as
important to you as any corporation's data is to itself, so act
accordingly.
thanks David. I am using MS money 2002. It came with my laptop from Dell. It
is easy enough to use. If I get quicken from eBay it will be 2004. If my
sister buys it new then it will be 2005.

We'll have to see how and if quicken will convert the data. There is only 3+
months worth of transactions so it would not be a big deal if I had to start
over again or do it manually.
 
T

Tom G.

thanks David. I am using MS money 2002. It came with my laptop from
Dell. It is easy enough to use. If I get quicken from eBay it will be
2004. If my sister buys it new then it will be 2005.
Don't do this either. Both of you need to be running the same version. 2005
does NOT import QIF files into investment and other more complex accounts.
2004 will. Both of you should use 2004 if you want any chance of
interchanging your data.
 
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J

John Pollard

Tom said:
@bgtnsc05-news.ops.worldnet.att.net:
No you can't. Quicken no longer supports merging data files.
You are overstating the negative here.

You can effectively "merge" data files with the exception of
investment accounts. Q2005 supports the copy/cut/paste of
multiple transactions from one non-investment account to another
.... even if the TO account is in a different Quicken file. And
QIF export/import is still available for cash, asset, liability
accounts, credit-card accounts in Q2005, a couple of business
accounts, and all the same Lists that were available before.
 

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