#Quicken vs moneydance full
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I also noticed that a lot of investment transactions were really screwed up. Reviewing the data in MD, it's apparent that the import process needs some work dealing with transfer transactions as these seem to be the core issues that is skewing the balances. The end result was that every banking account was way off on the balances. My quicken data spans back to '92 and I have a lot of transfers between accounts. After the 4th time and trying to clean up the 'x' accounts that were created I'm throwing in the towel for now. I created my QIF file and went through the import process 3 or 4 times to see what the end results were. I tried the conversion from Quicken to Moneydance this morning. Thanks for the walk through of your process of converting to Moneydance. If there's interest, I'll add a new post after a few weeks. |This extension attempts to calculate and graph the future balance of an account based on past transactions and scheduled reminders. MD makes it possible for individuals & companies to create plugins to add functionality to MD. One pretty exciting feature is the available extensions for MD. You also configure the account list sidebar on the left side of the screen to control exactly which accounts you want to visible. It's very flexible, but took some getting used to. The Summary display you see when you initially start MD is configurable: you pick what modules to show (assets, accounts, credit cards) and the order the modules appear. You can also set up non-transaction reminders to create notes that appear on the calendar. Reminder scheduling in MD is much richer and easier than in Q: number of days, weeks, months, years between transactions, specific days (1st, 2nd, 3rd day 1st monday, 3rd friday) and more. In Q you schedule transactions and sets of transactions, but in MD you set up a 'Reminder' which was a confusing choice of name at first. MD's 'autocomplete' essentially memorizes every transaction and as you're doing new entries it tries to guess what you need based on account, day of week, and more - and it does a great job! Much more useful and effective than Q's memorized transactions. I had to spend some time with Q & MD open side-by-side to reconcile the accounts. Apparently the final transaction in a account marked inactive or closed in Q would get skipped by the QIF export process. For starting balances in MD you edit the account and set the amount and date - but I found it clearer to have every account start with 0 and add a balance adjustment transaction.Ī number of very old credit card accounts came into MD with balances. As each is corrected the corresponding transaction is deleted from SavingsX and you can delete that extra account when it's empty. The solution is to go into the 'real' account, set the filter at the top to uncleared, and change the category to something like 'Balance Adjustment' from 'SavingsX'. This is really confusing at first as you suddenly have 36 accounts instead of 18 and the balances look wrong. When you import accounts with self-transfers, MD creates duplicate account names with an X appended (Savings & SavingsX) with the self-transfers in the X account. A problem comes up in that Q will have a transfer in an account back to itself - for a balance forward, or a balance adjustment. The biggest issue is that in Q a category is used to classify a transaction or set up a transfer. Frankly, I expect QXF to be the only option available soon as Q tries to lock customers in by holding their data hostage. These are entirely proprietary and cannot be opened by virtually anything except a legal copy of Quicken.

#Quicken vs moneydance full

It does its best to generate the full set accounts, categories, etc as specified by the file.Ī note here: the QIF layout has been well documented & understood for decades, but Q also provides 'QXF' format files. In MD you create a new file then import the QIF. The resulting file can be opened in Notepad if you're nosy and contains lines representing the parts you chose to export (transactions, investments, categories, etc). To transfer data, you use File/Export/QIF in Q.

#Quicken vs moneydance code

You purchase a license code (I found a discount on Amazon) and register with an option on the Help menu to completely unlock.

#Quicken vs moneydance download

You can download the current version of MD from the company's website for Windows, Mac, or Linux and try it out with very few restrictions. Moneydance (MD) was the closest replacement for Quicken (Q) I could find, so when I decided to leave Quicken (after over 25 years) due to the new 'subscription' (and block 40% of the screen if you don't re-up) and bugginess I decided jump in and thought I'd share some experiences of our first weeks with MD: