Notice:

The instructions in this article are for Quicken 2008 or earlier only.  If you are using Quicken 2009 or 2010 please click here.
 

Quicken 2007/2008

You can import your data from Microsoft Money 2003 (or later) to Quicken 2004 through 2008 for Windows. (You may also be able to import info from Money 2002 or earlier if that version lets you copy .XML files to your Desktop.)

Although the following Money data items cannot be imported, you can always enter them manually after the conversion:

• Money 2008 files with more than 10,000 transactions. (Not to worry – we're currently working on a free converter, compatible with Quicken 2010. We'll update this article when it becomes available.)
• Memorized transactions
• Online account activation information
• Budgets
• Loan accounts
• Planner information
• Classes
• Unexercised employee stock option grants
• Exchange-traded options
• Empty accounts with no transactions
• Reconciliation state of your transactions. For this reason, you should reconcile the imported transactions before adding new ones.

Before You Begin

Make sure that:

• Quicken 2004 (or later) is installed on the same computer that Money is on.
• Account names in Money are less than 15 characters and contain no punctuation or symbols. To rename an account:
  1. Open Money's account list.
  2. Right-click the account and select Rename.
  3. Type in a unique account name, then press Enter.
• Categories and classifications in Money are less than 15 characters and contain no punctuation or symbols. To rename a category or classification:
  1. From Money's More menu, choose Categories & Payees.
  2. Click Categories.
  3. Right-click the category and select Rename.
  4. Type in a unique category name, then press Enter.

Ready, Set, Go!

You're ready to import your Money info into Quicken! From the same computer that Money and Quicken are on:

1. Click here to download our Money-to-Quicken Data Converter. We recommend saving it to your Desktop.
2. Double-click the downloaded file MS_Money_Converter.exe and follow the onscreen directions to install the Converter.
   • If you get the message "The Quicken data file template cannot be copied to its temporary location..." simply right-click the file and choose Run as Administrator.
   • For additional help, search the Quicken Communities for an alternative solution or contact Customer Care through live chat or by e-mail.
3. Open Money. (Quicken should be closed.) You'll be creating one, possibly two reports in Money. Do not skip these reports, as they are essential to converting your data.
4. Create an Account Transactions Report:

   Money 2005 – 2008

   1. Click the Reports tab.
   2. In the Income and expenses area, select Account transactions and look for the Account Transactions Report. (If you don't see it, select Change report settings in the Other tasks list. Then select Switch from Essential Reports to Advanced Reports and click Use Advanced Reports.)

   Money 2003 – 2004

   1. Select the Reports menu and select Reports Gallery.
   2. In the Pick a report or chart list, select Account Transactions.
   3. Click the Go to Report/Chart button.
       
5. In the Common tasks list, select Customize. Click the Reset button (skip this step if you don't see one). Click Yes to any confirmation message(s) and select Customize again.
6. In the Rows & Columns tab, in the Include fields area, select the Memo, Account, Cleared status, and Category options.
7. In the Subtotal by field, select Accounts.
8. Select the Show splits checkbox, and then click OK.
9. In the Accounts field, select All Accounts.
10. In the Date range field, select All dates and click OK .
11. Select the Send to menu and select Desktop. This might take a while if you have a large data file. When the transfer is complete, click OK.
12. Now create an Investment Transactions Report (skip to Step 19 if you have no investment transactions to import):

    Money 2005 – 2008

    1. Click the Reports tab.
    2. In the Investment area, select Investment transactions. (If you don't see it, select Change report settings in the Other tasks list. Then select Switch from Essential Reports to Advanced Reports and click Use Advanced Reports.)

    Money 2003 – 2004

    1. Select the Reports menu and select Reports Gallery.
    2. Click Investments.
    3. In the Pick a report or chart list, select Investment Transactions.
    4. Click the Go to Report/Chart button.
        
13. In the Common tasks list, select Customize. If the Reset button is not available, proceed to step 15. Otherwise, click Reset. If a confirmation message appears, click Yes, and select Customize again.
14. Click the Rows & Columns tab, and in the Include fields area, select the Memo, Account, Transfer account, Cleared status, and Category options.
15. In the Group by field, select Investment Types and click OK.
16. In the Accounts field, select All Accounts.
17. In the Date range field, select All dates.
18. Select the Send to menu and select Desktop. This might take a while if you have a large data file. When the transfer is complete, click OK.
19. Close Money; leave Quicken closed as well.
20. In the Data Converter window, click the Import into Quicken button. Quicken will open once the import is complete.
21. Review your transactions for accuracy.
22. Reconcile your converted transactions before adding new ones. For assistance, select Contents or Quicken Help from Quicken's Help menu, click the Index tab, and type in reconciling, accounts.

Security and Other Tips

Congratulations, you've finished converting your Money data to Quicken! To ensure the security of your financial info, we strongly recommend that you do the following:

1. Delete the Microsoft Money reports from your Desktop by right-clicking the reports and selecting Delete.
2. Empty your recycle bin by double-clicking the Recycle Bin icon on your desktop and selecting Empty Recycle Bin.
3. Add a file password to your data file by selecting the Quicken File menu, selecting Passwords > File, and then following the on-screen instructions. Click the Help button for additional assistance.

Asset and liability accounts are automatically grouped with cash flow accounts in the Cash Flow/Banking Center. If you'd rather track them in the Property & Debt Center:

1. In Quicken's Account Bar list, click the account to open it.
2. Open the Overview:
   • Quicken 2008: Click the Overview button
   • Quicken 2004 – 2007: Click the Overview tab
3. Click the Edit Account Details button.
4. Click the Account Location drop-down arrow and select Property & Debt: Asset or Property & Debt: Liability, then click OK.

If you converted investment data and would like to download current investment quotes:

1. From Quicken's Investing menu, choose Security List.
2. Select the security, click Edit, enter the symbol in the Symbol field, and then click OK.
3. From the Online menu, select One Step Update.
4. Click the Download quotes, asset classes, headlines and alerts option, and click the Update Now button.

Got bonds? Although Quicken imports the cost basis and price values of bonds from Money, it tracks them somewhat differently. Quicken adjusts the number of shares in the Edit Shares Bought window to reflect the number of bonds you own and the number of shares in the Quicken Transaction List to reflect the correct total share information.