Import OFX, QFX, QIF, CSV and MT9. Money. Wiz. Introduction. When dealing with real bank accounts it is often much faster to download the transactions from your online banking and import them into Money. Wiz. This can save you a great deal of time especially if you are not entering your transactions on a daily basis, but you prefer to update your finances less often. Money. Wiz allows you to import bank statements in the five most popular formats OFX Open Financial Exchange, QFX Quicken Financial Exchange, QIF Quicken Interchange Format, CSV comma separated values and MT9. It is very likely that your online banking will allow export in at least one of these formats. Orientation. In this guide well cover the following areas Exporting your bank statement. Feeding bank statement to Money. Wiz. Configuring the import wizard. Importing from specific products. The screenshots in this guide are made from an i. Programs such as Quicken, Microsoft Money or Mint. TurboTax is the 1 bestselling tax preparation software to file taxes online. Easily file federal and state income tax returns online with 100 accuracy. Data Files consists many extension files that are very useful for the user while working in data files. However corruption may exists in this file but it can be. Q How can I import my banking activity as a CSV file Q Im trying to import a CSV file into Goodbudget, but its not working properly, whats wrong and. Quicken Interchange Format QIF is an open specification for reading and writing financial data to media i. AceMoney version 4. October 7, 2016 Personal Finance Software for Mac OS X or Windows. AceMoney is the best Quicken or Microsoft Money alternative financial. Monitor investments, manage your money and automatically import bank transactions with Quicken Deluxe 2017. Use the programs moneytracking features to stay on top. Import Quicken data into QuickBooks. QuickBooks has created a simple process for importing Quicken. Once QuickBooks is installed, select File, Utilities. Pad device. Whenever there are differences between the platforms where Money. Wiz is available, these will be described. Importing-2007_0.png' alt='Import Quicken Files' title='Import Quicken Files' />Please, do not hesitate to contact us in case you have any questions. Exporting your bank statement. Each banks online banking system handles this situation differently, but the following practices apply to most of the cases You will need to login into your online banking with your own username, password and other forms of identification which your bank requires. When you see your bank statement, there should be an export button, in most of the cases it is located below the bank statement itself, and in other cases you will find it in the left side menu. When you click on this button, it is highly probable that you will be provided with several choices you will need to select the format of your bank statement. If none of these options is available, you may need to contact your bank account manager and ask if at least one of these options is available. It is also likely that your account manager can give you instructions how to export bank statements. Please note that some online banking systems allow you to download exported files on mobile devices as well. However, if this option is not available for your bank, download the exported file using a desktop computer. Feeding bank statement to Money. Wiz. Please note that prior to importing the bank file in Money. Wiz you need to have all accounts already created in Money. Wiz for example, if you are importing your Savings and Credit card accounts those should be already created in Money. Wiz. In order to achieve correct closing balances, your Account Opening Balance in Money. Wiz needs to be as it was before the first transaction youre about to import for that particular account. If the file youre about to import includes opening balance transactions, create your accounts with 0. Opening Balance. If you are not sure about this do not worry as you can modify the Opening balance of your account in Money. Wiz at any time. Just bear in mind that this might be the reason why closing balances of your accounts after import appear incorrect. Mac and Windows. Once you have your bank statement file in OFX, QFX, QIF, CSV or MT9. Money. Wiz for Mac or Windows in any of the following ways Double click on your file. Or you can also right click on the file name or icon and select Open with Money. Wiz. Mac only Click on the File menu of Money. Wiz and select the Import option, then specify the location and the name of the file. Windows only Click on the import button at the bottom of the sidebar to the left. It looks like a square with an arrow pointing towards the inside of the square. Mac only If Money. Wiz is open drag drop the file onto the Money. Wiz interface. Mac only Drag drop the file on the Money. Wiz icon if you keep it in the Dock. Mobile i. Phone, i. Pad, i. Pod and Android. Once you have your bank statement file in OFX, QFX, QIF, CSV or MT9. Money. Wiz for i. OS or Android if you e mail the file to yourself or use any file sharing service Dropbox, Google Drive, etc. Locate the file within your email or file sharing app. Tap the Document sharing button or tap and hold on the app itself. You should see something like this Tap the Open in button and you should see applications that can work with this file format. Money. Wiz is registered to work with OFX, QFX, QFX, QIF, CSV, TXT and SWI formats, so it should be one of these applications. Configuring the import wizard. Once the bank statement file is loaded, youd need to configure how the data will be imported. There is an Import Wizard which will guide you throughout this process. The data import consists of several phases Link accounts. Link payees. Link categories. With each phase you instruct Money. Wiz how to read your bank statement file and therefore how to import the data correctly. Linking accounts. Normally when you export a bank statement file from your online banking, this file contains data related to only one account. Some banking institutions though can export the data for all of your accounts at once. If you have exported the file from another financial software it is normal to have more than one account. Prior to the data import process you will need to have all of your accounts set up and ready to use in Money. Wiz. If unsure how to set up accounts, please refer to the Manage Accounts guide. Note that Current Balance field when creating an account. This should be the amount of money as it was on the date of the first transaction youll import. For example, if today is 1 May but you intend to enter the transactions starting from 1 January, then you need to find out the balance as it was on 1 January. During this phase the Wizard will show you all accounts which were found in the bank statement file. They will be shown with the name they appear in the file. To link those accounts with your Money. Wiz accounts you need to click on the buttons on the right and select how you would like to link them. Once you link these accounts, the next time you import a file which contains information for some or all of them, by default Money. Wiz will have them pre selected the same way you configured the last time. In some cases, especially if you export from your online banking, the information about which one is this account is not included. If that is the case Money. Wiz will always ask you how to link the account. Linking Payees. In most cases bank statements contain the name of the payee and other information which describes the person or company which you were paid by or you paid to. You can link the payees found in the bank statement file to your Money. Wiz payees or you can create new payees. You can later edit newly created payees via Preferences Mac OS Settings Windowsi. OSAndroid, then Payees. Once you link these payees, the next time you import a file which contains information for some or all of them, by default Money. Wiz will have them pre selected the same way you configured the last time. It will ask you how to link only for newly found payees. If there are no payees found in the bank statement file, this phase will not appear. Linking Categories. It is rarely the case for banking institutions to include categorization in the exported bank statement file, but if you exported your data using a financial software it is very likely that categorization will be included. In that case you will be asked to link the categories found in the file you are importing to already existing categories in Money. Wiz. You will be given the option to create new categories as well. Note that if you select the Create New Category option, the category will be created with a question It may be worth going through all new categories to change their icons to something more meaningful. Once you link these categories, the next time you import a file which contains information for some or all of them, by default Money. Wiz will have them pre selected the same way you configured the last time. It will ask you how to link only for newly found categories. Do I need Quicken. Quick. Books. or Quick. Books Pro Revised  7 November 2. Mark Wilsdorfmrwgoflagship. Flagship Technologies, Inc. Preface  Each year Intuit introduces new versions of Quicken and. Quick. Books, and the features offered in the various. A. particular reporting feature available only in Quick. Books Premier. last year might be included in Quick. Books Pro this year. In other. words, the mix of features offered in different versions changes so. I tell you this to emphasize that the purpose of this article. QuickenQuick. Books. Where product feature differences are mentioned. For specific feature comparisons between the various Quicken and. Quick. Books versions, I suggest you go directly to the respective. Quicken. com. or www. Quick. Books. com, or. Intuit at 8. 00 4 INTUIT. Why Quicken. Why Quick. Books The various flavors of Quicken and Quick. Books Quicken Deluxe, Quicken Premier, Quicken Home Business, Quick. Books. Pro, Quick. Books Premier, and so on are general purpose. Intuit. They enjoy wide popularity mostly because they are easy to use as. Another benefit is the broad support these programs have among. CPAs, and computer consultants. This is more true of. Quick. Books than Quicken, since Quick. Books is viewed as a business. Quicken is considered more a personal. Theres even a lot of support thats specific to particular types. CPAs, farmingranching, and many others. This is. especially true for Quick. Books, and a bit less so for Quicken. For. example my company, Flagship Technologies. Inc., publishes a book. Quick. Books thats of special use in several specific business. Other firms specialize. Why is there less business specific support for Quicken Quicken. But dont let that label fool. Quicken is fully. Bully Scholarship Edition Setup Exe Free. And yes, there is. Quicken support available for several of the business types where. Quicken is  especially appropriate, such as property. Finally, there are literally thousands of professionals available for general end user. Internet resources  blogs. Have a. question There are dozens of Quicken and Quick. Books oriented. message forums where you can post a question and get an answer in. One of my favorites has been. Quick. Books. Users. Its a non Intuit operated forum with a lot of message traffic from. Quick. Books professionals. Its searchable set of. Intuits own forums at community. Intuits. product related Web sites have many other resources like. Finally, Intuits fee based. To sum up  one of the biggest reasons for using. Quicken or Quick. Books is that its easy to get answers to. What do I get with the more expensive versionsRegardless of the various product names, the core accounting. Quicken editions Deluxe, Premier, Home Business, etc. Thats also. generally true of the various Quick. Books editions Pro, Premier. Enterprise, etc. So what are the differences In Quicken, the main difference. Quicken packages is the number of additional. Quicken Rental Property Manager for instance, has. I suppose youve figured. Quick. Books edition differences are a bit more complicated to describe. What differences will you encounter as go up the price scale Here. Features. For instance, Quick. Books Premier more expensive has a. Quick. Books Pro less expensive does not. Capacity. The the. Most users never run into Quick. Books capacity limits however. Number of simultaneous users. If youre running Quick. Books in a multi user. The number of simultaneous users. In general, the bigger your company the more Quick. Books. users you have or the more complex your accounting needs requiring. Quick. Books. Deciding  Quicken vs. Quick. Books. Deciding between Quicken and Quick. Books is easy if youre running. Quick. Books because of the. But if youre in that personalsmall business gray area. What is your accounting backgroundunderstanding If you. Quick. Books. If you. Quicken. However, Quick. Books double entry features are. What are your accounting goals Will you be keeping. If so, Quicken and Quick. Books dont really differ. I say this because, though Quick. Books has. a lot more features, the. Do you hire employees Quick. Books comes with a complete. Quicken does not have payroll features. Quicken users who pay. Do you have a sideline businessQuicken began and. Quick. Books, on. If you do much invoicing, or need to keep. Quick. Books is usually the better choice. Where will you get support Especially if youre new to. If your. computer expert friend uses Quick. Books, it might be your best bet. If the local computer store specializes in Quicken and holds. Quicken classes during the. What does your accountant andor tax preparer want to work. Quick. Books is preferred by many tax professionals you can. Quick. Books file on it, giving the. Quick. Books records for preparing your taxes. While the same is possible. Quicken, fewer tax professionals support Quicken in the same. Fewer of them have Quicken installed on their computer. Quicken data files. However, many tax preparers dont really have a preference theyre just. Is there an upgrade path Suppose you think. Quick. Books, but maybe youre a novice computer user or just arent comfortable with the idea of learning. Quick. Books. A good. Quicken instead. Many concepts in the two. Quicken, even if you choose to upgrade to Quick. Books later. Nor will you be wasting much money, given Quickens. And if you later decide that you really do need Quick. Books, you can. upgrade easily. Quick. Books directly imports Quicken records even. Quicken records will import just fine. None of your effort. Quicken will have been wasted, and youll. Quick. Books because of your experience. Quicken. Its important to note that you cannot go the other. Quick. Books records cannot. Quicken And in case youre wondering. Quick. Books records are upward compatible with newer. Quick. Books editions. Do you need access to your accounting records from other. Quicken is a desktop application only that is, its. But Quick. Books has desktop and. The desktop versions can be. The online version of Quick. Books can be accessed from. Internet. But the distinction between desktop and. You can now access desktop versions of either. Quicken and Quick. Books over the Internet if you hire a hosting. This topic is. discussed more farther below. General feature differences. Here are some of the differences in the two. Quicken. Quick. Books. Easier to learn and simpler to use fewer options. More features and options but more difficult to. Basically a single entry accounting system. Essentially a double entry accounting system, but. Many users use Quick. Books as a single entry system. Plenty of reporting capability for most users. More extensive reporting capabilities, including. More capabilities. Microsoft Excel. where you can create your own specialized reports. Has a classes feature you can use to. Supports a more professional uses of classes, because it. Third party add on. Has features to track stocks and other. No investment tracking features. No inventory system. Has an inventory system, but with significant. It only. supports the average costing method of inventory. LIFO or FIFO. approach. Quick. Books inventory system is a good match for most retail. Be. sure to you No payroll capabilities. You can do payroll. Quicken. Complete, easy to use payroll system. The biggest. complaint about Quick. Books payroll is the annual fee. Intuit charges for using it. Second biggest, is that Intuit. Quick. Books. versions more than two or three years old. So besides the annual. Quick. Books. upgrade every couple years if you want to continue using payroll. Desktop only no online version. However. online hosting. Quicken desktop versions is an alternative that allows online. Desktop and online versions are available. The online version Quick.