Last week, I asked for Quicken tips and hacks in return for the chance to win a free copy of Quicken Basic 2007. The random number generator selected Erin and her comment as the winner. Here was her tip:
Quicken 07 no longer supports QIF imports for most account types, but it DOES support them for liability accounts. I found a workaround to import QIF files from some of my credit card accounts.
1) Create a new liability account Ã¢â‚¬â€œ call it what you like, I used Ã¢â‚¬Å“temporary QIF importsÃ¢â‚¬Â?.
2) Create an account for the account that only offers QIF downloads (for me, these are small-outfit credit card accounts).
3) Import your QIF file into the liability account.
4) Highlight the imported transactions in the liability accountÃ¢â‚¬â„¢s register, right click and select Ã¢â‚¬Å“move transactionsÃ¢â‚¬Â?. Choose your credit cardÃ¢â‚¬â„¢s account from the list, and youÃ¢â‚¬â„¢ve just saved yourself a bunch of manual entry.
This workaround can be helpful for those with bank accounts that only support QIF downloads. QIF was Quicken’s own format that quickly became an industry standard. Quicken no longer supports it for most account types because the format isn’t as versatile as QFX.
Thanks to everyone who left a comment, with or without a tip.