What's the best way to use an account in an existing file with a newly created file?

blc

Hi, I'm looking for help in setting up a simple file for a rental property, to keep it separate from my main personal file. I use a checking account dedicated to the rental that is currently being downloaded and hidden by my main quicken file. Both the checking account and a bank credit card currently download to the main quicken file. Ideally, I would keep the credit card with the existing file, but the checking account with the new file. Is that even possible?

Should I close the checking account in the main file, or does that close it with all quicken files?
If I keep the accounts hidden in the files I don't need them, will that continue to download all the transactions in both accounts?

I'm sure if I understood quicken a little better, I could make it work. I haven't found this specific topic in a search. Thanks for any help!

Quicken_Tyka

Hello BLC,

If you were to create a new Quicken file, this would be separate from the file that you are using and wouldn't communicate with any accounts in the previous file.

In the new file, you would want to add the checking account to the existing file. You can close the checking account if you no longer want to use it in the main file but it won't have any effect on a newly created file.

For more information on hiding and closing accounts please see
https://www.quicken.com/support/how-do-i-hide-or-close-account

Hope this helps!

Quicken_Tyka

Hello BLC,

If you were to create a new Quicken file, this would be separate from the file that you are using and wouldn't communicate with any accounts in the previous file.

In the new file, you would want to add the checking account to the existing file. You can close the checking account if you no longer want to use it in the main file but it won't have any effect on a newly created file.

For more information on hiding and closing accounts please see
https://www.quicken.com/support/how-do-i-hide-or-close-account

Hope this helps!

blc

Very helpful. I was concerned that if I closed the account in one file it might no longer work in any file. Thanks for confirming that that is not the case.

Greg_the_Geek

Please be aware that if you split your accounts into 2 Quicken data files, it's not easy to merge them back together again.

NotACPA

Greg_the_Geek said:

Please be aware that if you split your accounts into 2 Quicken data files, it's not easy to merge them back together again.

ln fact, it's just this side of maddeningly impossible.

blc

Good to know. It sounds like you get one shot to do it right. I'll probably screw it up :smiley:

GeoffG

That's where the importance of multiple redundant backups is absolutely essential. You can perform any "what if" scenario and if you do not like the outcome, or more importantly find adverse side affects down-the-line, you simply restore back to a good state.