So you have decided to make the move from Quicken to QuickBooks...
And you read something about being able to import your Quicken data into QuickBooks.
Here are a few thoughts to share with you on this idea:
- QuickBooks is far better for tracking business finances, so making the move is usually a very good idea. (Quicken is far better for tracking personal finances than QuickBooks for sure!)
- When you begin the setup process in QuickBooks, you will see that there is indeed an option to import your data from Quicken (exact wording and location of this options varies by version of QuickBooks being used). A sample screen shot is below
JUST BECAUSE YOU CAN DOESN'T MEAN YOU SHOULD
Based on my experiences over the years in converting Quicken data into QuickBooks, my advice is...
The conversion process does a number of things very nicely. However, it makes a mess of enough things that you may be spending an inordinate amount of time after the conversion sorting out, fixing up and deleting before your information is ready for daily usage.
My recommendation is to skip the Quicken to QuickBooks conversion tool and build your QuickBooks data file from scratch. It may take a bit longer in the beginning to get it done, but I think you'll be happier in the long run that you opted for this approach.
Remember, you'll always be able to access your Quicken if you need to look up some historical information, so that lessens the need to try and pull that historical information into your brand new QuickBooks file. Keep your Quicken handy for past business information and QuickBooks will be your "go to" source for current and future business information.
HAVE A DIFFERENT PERSPECTIVE?
Have you gone through the process of converting a Quicken file into QuickBooks? How was the experience?
Please include your comments below - I look forward to them!