Learn how to import/convert your Microsoft Money data to work in Quicken for Windows.
For Canadian Quicken user, go here.
There are four steps in this process
- Learn about the conversion process.
- Prepare your MS Money file for conversion
- Convert your MS Money data file
- First steps to take in Quicken
Learn about the conversion process
What you need to know before converting
- Quicken is currently able to import files from Microsoft Money 2007 and 2008, and Money Plus Deluxe only. If you have an older version of Microsoft Money, you will need to upgrade. Download MicroSoft Money Plus Deluxe to use for the process of importing your file into Quicken.
- Your Microsoft Money software must be installed on the same computer as Quicken.
- The version of the data file you plan to import must match the version of Microsoft Money you have installed. (For example, to import a Money 2007 file, you must have Money 2007 installed, and to import a Money 2008 file, you must have Money 2008 installed.)
- If you are in the process of reconciling your accounts in Microsoft Money, we recommend that you finish reconciling before importing (because Quicken won't know where you are in the process if you import mid-stream).
- Money should not be running during the import process. Please exit the program before starting.
Import your Microsoft Money file
- Create a new Quicken data file. Select File menu > New Quicken File... Your Quicken data file must be empty in order for the import to work properly.
- Once you've created and saved your new file, select File menu, File Import, then Microsoft Money© file....
- After you have imported your Microsoft Money file, we suggest you read the article After importing your Money File into Quicken.
- Recurring Automatic Payments (“Apay”): Before you import your data into Quicken, recommend that you go into Money and cancel any Recurring Automatic Payments you have in Money. We'll import those payments into Quicken, but you'll have to set them up again to be paid online. Canceling your payments before importing ensures that you won't get duplicate bill reminders in Quicken, when you sync up with your bank.
- Money Plus Home & Business customers: You may import your data into Quicken, but please be aware that some of your business-specific data—such as Project, Inventory, Customer, and Product data — will not be carry over. Quicken currently does not support the import of this data. However, the rest of your data — your accounts, scheduled bills, categories and transactions — will be imported.
- Merging data from Money and Quicken: Quicken is not able to merge data from a Money file into a Quicken file. It can only create a new Quicken file and then import your Microsoft Money data into it.
First steps to take in Quicken after converting
After you have completed your successful conversion, there are a few steps you should complete before continuing.
- Review your account and payee names to ensure they converted properly. Because of the slight differences between the two programs in maximum character length and permitted characters, you may need to change the names of some of your payees or accounts.
- Set up your accounts for Transaction Download and Online Bill Pay. Any instructions you had in Money may need to be reset in Quicken.
- Set your recurring payments. If you stopped them there won’t be any duplicate payments.
- Check your accounts' balances. There are some differences between how the two programs record information. As an example, Quicken separates the cash portion of your investing account into a banking account, while Money included this linked cash account in the investing total.