This topic explains some of the actions you may need to take after you import data from Moneydance.
- Opening-balance transactions are sometimes not exported from Moneydance into the .QIF file, leading to incorrect account balances. You need to manually enter the opening-balance transactions in Quicken after the data is imported.
- If the opening balance is exported in the .QIF file, it shows an incorrect date as 12/31/1969.
- ShortSell and CoverShort are exported as Short-Term Capital Gain and Long-Term Capital Gain, respectively. This results in incorrect share and cash balances. You need to manually change the transaction type (and enter the shares if they are not displayed) after they are imported in Quicken. For easy identification, Quicken flags these transactions with a blue dot icon.
- Stock splits are not exported into the .QIF file. You need to manually enter all stock splits after importing into Quicken.
- Asset and liability accounts are exported as 'Bank'. Quicken will import all "Bank" accounts as "Checking". For liability accounts imported in this way, you can go to Account Settings and change the Account Type to Liability. For asset accounts, create a new asset account in Quicken and then select all the transactions from the imported account ("Command + a" in register) and drag-and-drop them to the newly created asset account.