How To Import Quicken Files Into Quickbooks Rating: 3,8/5 5416votes

Converting from Quicken Although Quicken and QuickBooks are both developed by Intuit, they are different software packages and handle certain functions differently. Enter into the conversion process with a skeptical mindset. One way to address this issue is to convert the file from Quicken to QuickBooks using the steps detailed below. Before you convert your Quicken data, create a cut-off file (i.e. Year end copy, start new year option).

Import Quicken File Into Quickbooks OnlineHow To Import Quicken Files Into Quickbooks

Spend the time eliminating any unnecessary accounts, categories and classes in Quicken prior to the conversion. Open QuickBooks. Select File >Utilities >Convert from Quicken.

The software will lead you through the next several steps. When you are ask to display the list, answer yes. If using QuickPay, for employees, leave employee names as other. Change names to appropriate type (i.e. Customer, vendor, or other).

Complete remainder of conversion. Review information in the new QuickBooks file for reasonableness.

Feb 23, 2008 A-1: Every version of QuickBooks that I have seen has a built in feature to import Quicken data. I have done it on several occasions, so I know that it.

Once the conversion is complete, immediately review the file. If the results are unacceptable, follow the steps for (The old Quicken file has remained intact) assuming no conversion. When creating reports going forward, up to a specific date will be in Quicken while the more current data will be in QuickBooks. Often the time it takes to correct account names, numbers, types, etc. Does not make sense for the benefit of comparative and historical information in one place. TIP: Although Quicken and QuickBooks are both Intuit products, they do handle data differently.

However, if a client who uses Quicken and has an Accountant that prefers to use QuickBooks, there is that will automate the process of transferring the data from Quicken to Quickbooks on a regular basis. More information on this topic. Importing from Quicken is a great tool for small businesses because it is inexpensive (Quicken 2003 Basic is only $29.99) and very easy to use. The added benefit for both the client and the accountant is that the information can be entered by the client so the bank account balance is always accurate and the time saving feature of printing checks (not to mention looking more professional) is also available. The challenge in the past for the accountant was that there was the ability to convert the Quicken data to QuickBooks when creating a new file, but the on-going interface was more challenging.

Art Of Prediction By J.n. Bhasin Pdf. That is not the case anymore. QIF to Excel to IIF converter from Big Red Consulting makes the process easy as: • Exports – export the transactions from Quicken to a QIF file and export the chart of accounts from QuickBooks as an IIF file.

• Use the Tool – import the QIF file, import the IIF file, and export the transactions to a new IIF file • Import – import the transaction file into QuickBooks. Where to get it: Licensed copy: Trial Version: Note: This tool also works with on-line banking downloads in QIF format, or credit card activity downloads in QIF format too!

More information on this topic. Quicken to QuickBooks Monthly Ask the Expert - Quicken to QuickBooks Monthly Q - My client is using Quicken for writing checks and balancing the checkbook each month. I prefer using QuickBooks for issuing the statements monthly. Each month I am doing one journal entry into QuickBooks for the activity. When researching the balances in various accounts, it is complicated to pull the original Quicken reports and try to clearly explain my journal entries. Is there a better way? A - Quicken is a great tool for small businesses because it is inexpensive (approximately $29.99 for Quicken 2003 Basic) and very easy to use.

In addition, many banks support a Quicken interface for on-line banking. When you add the benefit for both the client and the accountant that the information can be entered by the client so the bank account balance is always accurate and the time saving feature of printing checks (not to mention looking more professional) this is a logical solution.

The challenge in the past for the accountant was that there was the ability to convert the Quicken data to QuickBooks when creating a new file, but the on-going interface was more challenging. Without any additional software, the way you have described is probably the best solution, although it is cumbersome. That is not the case any more.

The QIF to Excel to IIF converter from Big Red Consulting has made the process as easy as 1 - 2 - 3. That is not the case any more. The QIF to Excel to IIF converter from Big Red Consulting has made the process as easy as 1 - 2 - 3.

Exports - export the transactions from Quicken for the appropriate date range to a QIF file and export the chart of accounts from QuickBooks as an IIF file. Use the Tool - import the QIF file, import the IIF file, and export the transactions to a new IIF file. Import - import the new IIF file that contains the transactions into QuickBooks. Another use of this tool is to convert the QIF files available from many financial institutions into a format that can be imported into QuickBooks. For more information on this $49 QIF converter product visit our on-line store.