I believe that you mentioned that you attached screen shots, but
there are no screen shots that I can see that are associated with
I had used Quicken for about 15 years prior to switching to
Moneydance. I used to panic about losing old data, however I
actually set up Moneydance as New a few weeks ago. This is just my
opinion (and I know that everyone's financial statuses are
different), but my main concern about finances is my current
situation (recent charges, outstanding checks, current ledger
balances, accounts reconciliation and upcoming reminders/bills). In
this day and age, I know that I can always obtain archival
information from any of my bank/credit/payee websites. That said, I
TOTALLY understand your desire to import ALL of your old data and
have everything work perfectly within the Moneydance Application. I
would, however, suggest that you get your import to a good spot,
make some manual adjustments after importing and then go
For instance, you can certainly delete unwanted transactions
from your import and make necessary adjustments to the Accounts'
"Initial Balance(s)" to reconcile correctly.
Additionally, you can keep your old version of Quicken. You
don't have to delete it to use Moneydance. So your data from 1992
will remain intact on your Mac via Quicken. You can also run the
programs side-by-side for awhile and make a decision as to which
one to keep down the line. That's what I did (I've since
uninstalled Quicken and deleted old backups).
I hope that you are able to get your import to the condition
that you desire. I am not trying to dissuade you from getting every
last bit of data from your old program to perfectly import into
Moneydance, I am just offering a different perspective on manners
to accommodate your transition from Quicken to Moneydance because
I, like you, loved the idea of escaping from Quicken.
Your response was helpful, but I am still having trouble. I closed
Moneydance, deleted the existing MoneyDance files (
MoneyDance, and it offered me this screen:
Then I selected "Import new account set", and configured it this way.
I expect when that operation finishes to have a set of accounts all with
zero balances. But many (not all) of my accounts had balances.
How can I get the initial account import to actually import account info
Ian O on 11 Aug, 2016 11:46 AM
Some QIF files include the initial balance transfer, and some
don't it depends on software you are using. It sounds like your QIF
file may not have this included, you can amend this by highlighting
the relevant account and selecting Account --> Edit Account, and
amending the 'Initial Balance' field. This should be the account
balance 'before' the first transaction in the register.
This article details the most common issues that can occur
during a migration from Quicken.
If after looking into the above you are still encountering
issues, please let me know and we can look into further
For anyone who is interested, I tried again. This year I had success. Some of my accounts had inaccurate balances, but I was able to trace down and manually fix all the problems.
In some cases they were due to splits. If a transaction in Quicken 2007 had multiple split lines that went to the same target account, MoneyDance ended up with the split lines *and* an extra line that represented the sum of the split lines.
I also had split problems and determine that the problem is due to how Quicken 2007 handles multiple split lines that go to the same target account. Quicken 2007 sums the multiple splits and creates a single transaction in the target account rather than multiple transactions. Moneydance finds that single transaction in the target account and creates a matching transaction near the original split transaction. Thus the double count. Deleting the summed transactions in the target account will deleting the extra transactions in the original account.