Converting your data from Microsoft Money to Quicken is easy!

Note: Money 2008 files with more than 10,000 transactions will not currently convert to Quicken. Product development is currently working on a resolution that will allow Money users to transfer more than 10,000 transactions. This free tool will be compatible with the Quicken 2009 desktop products, and we anticipate it will be available this fall.

Our Data Converter converts your data from Microsoft® Money 2003 or later for use in Quicken for Windows versions 2004-2009. (It may also work with other versions of Money. If your version of Money can copy .XML files to your desktop, the Data Converter will likely convert your data.)

To convert your data, you create 2 transaction reports in Microsoft Money: an Account transactions report for the standard transactions and an Investment transactions report for the investment transactions. You import the reports into Quicken and add some information that will help you take advantage of several Quicken features.

•   Step 1: Download and Install the Data Converter
  1. Download the Microsoft Money to Quicken data converter.
  2. Double-click the downloaded file, and then follow the on-screen prompts to install the data converter.
      
•   Step 2: Start Converting
  1. Be sure Quicken 2009, 2008, 2007, 2006, 2005, or 2004 and Microsoft Money 2003 or later are both installed on the same computer as the Data Converter.
  2. Click the Launch MS Money button.
      
•   Step 3: Create an Account Transactions Report
  1. Create an account transaction report using the procedure that applies to your version of Microsoft Money.

  Microsoft Money 2008 through 2005

  1. Click the Reports tab.
  2. In the Income and expenses area, select Account transactions. If the Account transactions report is not in the list, display the advanced reports by selecting Change report settings in the Other tasks list. Select Switch from Essential Reports to Advanced Reports and click Use Advanced Reports to display the Account transaction option.

  Microsoft Money 2004 or 2003

  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.

  2. In the Common tasks list, select Customize. If the Reset button is not available, proceed to step 3. Otherwise, click Reset. If a confirmation message appears, click Yes, and select Customize again.
  3. In the Rows & Columns tab, in the Include fields area, select the Memo, Account, Cleared status, and Category options.
  4. In the Subtotal by field, select Accounts.
  5. Select the Show splits checkbox, and then click OK.
  6. In the Accounts field, select All Accounts.
  7. In the Date range field, select All dates.
  8. Select the Send to menu and select Desktop. This step might take some time, depending on the size of your data file.
  9. When the transfer is complete, click OK.
      
•   Step 4: Create an Investment Transactions Report

  Note: Complete this section only if you have investment transactions to convert.

  1. Create an investment transactions report using the procedure that applies to your version of Microsoft Money.

  Microsoft Money 2008 through 2005

  1. Click the Reports tab.
  2. In the Investment area, select Investment transactions. If the Investment area does not appear, display the advanced reports by selecting Change report settings in the Other tasks list. Select Switch from Essential Reports to Advanced Reports and click Use Advanced Reports to display the Investment transactions option.

  Microsoft Money 2004 or 2003

  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.

  2. In the Common tasks list, select Customize. If the Reset button is not available, proceed to step 3. Otherwise, click Reset. If a confirmation message appears, click Yes, and select Customize again.
  3. Click the Rows & Columns tab, and in the Include fields area, select the Memo, Transfer account, Cleared status, and Category options.
  4. In the Group by field, select Investment Types and click OK.
  5. In the Accounts field, select All Accounts.
  6. In the Date range field, select All dates.
  7. Select the Send to menu and select Desktop. This step might take a while, depending on the size of your data file.
  8. When the transfer is complete, click OK.
      
•   Step 5: Finish Converting
  1. Close Microsoft Money.
  2. In the Data Converter dialog, click the Import into Quicken button. Quicken starts when the import is complete.
  3. Review your transactions for accuracy.
  4. Reconcile your converted data before adding new data (the Data Converter does not retain the reconciliation state of your accounts). For more information, in the Quicken Help menu, select Contents or Quicken Help, click the Index tab, and enter reconciling, accounts.
  5. See the Next Steps section for more helpful tips and information.
      
•   Next Steps

  For security reasons, Intuit recommends that you:

  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.

  The Data Converter groups asset and liability accounts with cash flow accounts in the Cash Flow/Banking Center. To track these accounts in the Property & Debt Center:

  1. In the Account Bar list on the left, click the account  to open it.
  2. Open the Overview:
     • Quicken 2009 - 2008: Click the Overview button
     • Quicken 2007 - 2004: 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.
  5. Click OK.

  If you converted investment data and want to download current investment quotes needed for accurate current totals, you can manually update the security symbols and run One Step Update.

  To update a security symbol:

  1. Select the Investing menu and select Security List.
  2. Select the security.
  3. Click Edit and enter the symbol in the Symbol field.
  4. Click OK.

  To run One Step Update:

  1. Be sure that your copy of Quicken is registered to run One Step Update.
  2. Select the  Online menu and select One Step Update.
  3. Select the Download quotes, asset classes, headlines and alerts option, and click the Update Now button.

  The Data Converter does not convert items such as unexercised employee stock option grants (ESOGs), memorized transactions, online account activation information, budgets, classes, loan accounts, planner data, or exchange-traded options. For information about how to add missing information to Quicken manually, see the Read Me file. You can find this file in the Data Converter installation folder or by clicking the Read me.txt file in the Data Converter dialog box.

  Note: Your Quicken data file contains the cost basis and price values for the bonds you tracked in Microsoft Money. However, Quicken tracks bonds differently from the way Microsoft Money tracks them. 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.

•   Troubleshooting

  Error message: "The Quicken data file template cannot be copied to its temporary location.  Please make sure TEMPLATE.* are not read only and that you have enough free disk space on the installation drive, then try again." 

  Solution: Right click on the data converter, and choose Run as Administrator.

  If you need additional help installing the Data Converter, you can search the Quicken Communities for an alternative solution or contact Customer Care through live chat or by e-mail.