Converting older versions of MS Money to Quicken 2011

Legacy KB ID: 4053

Question

I have a version of MS Money earlier than 2008, so how do I update it so that I can convert my data to Reckon Accounts Personal Range (formerly Quicken)?

Answer

The following discussion is meant to be read in conjunction with the 20xx_Data_Converter.pdf available on the Quicken 2011 Installation disk at CD drive\HAB\DISK1\mny2qdf\

 

MS Money was released in many versions, a US version and separate versions for different regions of the world (International version).  You can only upgrade an older MS Money version to a more recent MS Money version of the same region.

Since discontinuing MS Money, Microsoft has created a ‘sunset version’ of MS Money.  However, this version is only compatible with US versions of MS Money.  Other regional versions cannot be upgraded to the sunset version.

To upgrade to Accounts Personal (formerly Quicken) you need your data in a MS Money 2008 edition, or in the sunset version. 

Older Australian versions of MS Money must upgrade to the 2008 sunset version.  As this cannot be done directly you will need to follow these steps to get your data into the US sunset version to then convert to Accounts Personal .

 

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Warning: read this section before continuing

Installing a later version of MS Money on a PC that already has a MS Money version installed, will result in the older version being uninstalled.  As Microsoft has turned off the Activation server, you will not be able to re-activate that version if you reinstall it, and consequently will not be able to use your older version file again.  

Reckon recommends you do your upgrade on another PC, leaving your current version of MS Money intact.  Only when you have successfully converted your data to Accounts Personal should you consider uninstalling your older version MS Money. 

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  1. Backup your MS Money company file onto separate media (USB, external hard drive, etc.);
  2. Print out key reports to use as checks on the integrity of the upgrade and conversion – eg, Balance Sheet; Income/Expense Statement;
  3. Export your account information into separate QIF format files

4.    Download and install the MS Money ‘sunset’ version onto another PC from:

https://www.microsoft.com/money/sunset.mspx

  1. Import your older version data from the QIF files;
  2. Check reports for integrity.  Care: later versions of MS Money may not preserve all characteristics of transactions from earlier versions;
  3. Create a backup of your ‘sunset’ version company file.  If data has been modified by the MS Money, print out new reports to use as checks of integrity;
  4. Create new QIF files for each of your accounts;
  5. Install and activate Accounts Personal 20xx;
  6. Create a new file in Accounts Personal 20xx;
  7. Import the MS Money ‘sunset” version QIF files into your Accounts Personal file. 
  8. Compare Accounts Personal reports to your MS Money reports. 

  

Additional Information

Please note that the Data Converter does not convert the following items:

• General account setting information

• Split transaction memo data

• Transaction attachments

• Memorised transactions

• Online account information

• Loan accounts

• Planner data

• Classes

• Reconciled state of your transactions

• Accounts that do not contain any transactions

• Investment accounts and investment transactions

• Customers

• Suppliers (Vendors)

• Items (Products & Services)

• Invoices

 



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