Importing your data from Quicken to MoneyWiz is easy. We have a lot of clients coming from Quicken and the import works great for them. Quicken can export accounts to separate QIF files or all accounts into a single QIF file. MoneyWiz not only supports import from this file type, it will detect the transfers between your accounts as well as split payments you may have on your Accounts and your Payees and Categories.
You just need to export your accounts to a QIF file, and then import the file to MoneyWiz. If you choose to export the accounts one by one, do not worry about creating duplicates. MoneyWiz will take care of this by detecting any duplicates based on the dates and the amount of the transactions in the different files. Please note that if you donâ€™t import all accounts, the other accounts might not come up with the correct balances because of the transfers between them and the accounts you haven't imported.
Please notice that if you have Investment & Assets accounts, those will probably not import into MoneyWiz because MoneyWiz currently works with Cash, Loan, Checking, Credit/Debit and Savings accounts. Click the Link to see the current status of the investment and assets accounts development, and how to manage your assets and investment instruments in MoneyWiz.
First, get prepared before the export
Note the Opening Balance of your accounts
Before starting to export your accounts, please take a note of their Opening Balance. You would need this information when creating your account in MoneyWiz. For the accounts to come up with the right balance after the import they need to have their Opening Balance set as of the date of the first transaction that you will be importing.
In Quicken that would be the first record in each account - it is called Opening Balance. Take a note of the Opening Balance for each account that you will be exporting. Note that if you are going to export an account for a shorter period than the available in Quicken, you would need to see your Running Balance for the start date of the export.
Note the names of your accounts and their exact spelling.
This is needed so that when you are exporting each account, you name the QIF file exactly as the name of the account. It is important to do this, as due to the structure of the file i.e. if the account is called Visa Gold, the QIF file for it should be called Visa Gold. Please mind the capitals, and spaces, the file format is case sensitive.
Next, export your data from Quicken for Windows
1. Go to File > Export > QIF File:
2. Choose a name of the file and saving Location:
You can choose any location that you would like. Usually the easiest thing to do is to save it to the Desktop.
The important thing here is how to name the file. If the account you are about to export is called, say, Checking John then this is how you need to name the QIF file. Please note that this is case sensitive so capital letters do matter as well as spaces: checkingjohn.qif or checking john.qif will not work correctly, so as per the example you need to name the file Checking John.qif.
The reason for this is that many applications to not specify the name of the account within the file and due to this we have made MoneyWiz to read the filename and to list it as the name of the account in the list of accounts when you are importing.
Quicken for Windows, however, exports the file correctly and it lists the name of the account in a dedicated line in the QIF file so if you name the file differently when importing it to
MoneyWiz, you will see two accounts: the one as specified in the file and the one called after the filename. The tricky thing is that by reflex you will import the one that is called as the account name and not the filename, but nothing will import as all transactions will be actually linked by MoneyWiz to the other account - the one with the filename.
By naming the file exactly as the name of the account in Quicken, you will avoid this from happening, and when importing into MoneyWiz, only one proper account will show in the list of Account to import.
3. Select account to Export, Date Range, and what to be exported:
a. No need to browse for a file to save to. This would be the file you chose to create in the previous step.
b. Choose the account you want to export data for. Select the account that you want to export first. Make sure that you are exporting the same account as the one that you named the file after.
c. Select the Date range. You can choose to export your truncation from the very opening of the account or for a shorter period. It is better if you export for the whole period for which you have data. Note that if you are going to export an account for a shorter period than the available in Quicken, you would need to see your Running Balance for the start date of the export, and use this as the Opening Balance. By exporting for a shorter period of time, note that some transfers that are from or to other accounts, may not be exported and as a result your accounts in MoneyWiz will not come up with the correct balance and you would need to adjust it.
d. Select what to export: Choose the following check-boxes:
- Category List
- Memorized Payees
There's no need to check any other boxes.
4. Click OK and that's it. The selected accounts' transactions, along with their categories and payees will be exported to the QIF file.
5. Now you need to repeat this for each of your accounts. Once you have all files, you can start with importing them to MoneyWiz.
Importing to MoneyWiz
Click "Import OFX, QIF and CSV files from banks or other applications" to see how to set up MoneyWiz before you import your Quicken data to MoneyWiz.