moving quicken 2000 data to quicken 2010 for mac

The data in GnuCash is stored in an open format (XML, or SQL databases) and accessible to various standard utilities and report tools.

This becomes important over time as the operating systems evolve and old Quicken versions are technologically outdated or no longer supported.

This is Quickens proprietary format, which is encrypted and not readable by other applications.

This data format is mostly provided by financial institutions.

There is an assistant to help you, but it is best to give your accounts the same names as you have used for categories and accounts in Quicken.

Clicking on a highlighted line will allow you to choose from your new account tree.

If you have this data in the QIF file, Gnucash can create an account structure automatically.

After the import is completed, you can edit individual Gnucash accounts and reassign them as needed.

If you have a lot of historical data in Quicken, you may find it easier to leave your historical data in Quicken, and start with a fresh set of books in GnuCash.

Cleaning up your Quicken data before exporting it to QIF can be extremely productive.

Ensuring that transactions have categories, and that categories are consistently named, can smooth the import process immensely.

Pay attention when migrating multi-currency books as GnuCash will create accounts (in case of money transfers, and for categories paid in different currencies) for each currency during the import process.

For example, if you import a QIF file where Groceries were paid first in EUR and then in USD, you will end up with two accounts for Groceries - one in EUR and one in USD.

If this happens, a more detailed diagnostics of the import process is required.

Of particular challenge is the fact that Quicken handles capital gains in ways that do not map in to GnuCash structures well.

If you have stocks or mutual fund holdings with sales transactions in them, you will need to monitor the results closely and plan to take appropriate corrective steps.

You can divide the transactions by account first and then by a time period (i.e.

GnuCash would detect most transfers in this fashion, preventing the creation of duplicate transactions.

Moving Quicken 2000 Data To Quicken 2010 For Mac