Repairing inconsistencies in investment data.

idealhome

I'm about to upgrade from 2017 to the Subscription version. In my current file I have many inconsistencies in my investment tracking data and would like to download it all new from the sources. Will I be able to prevent the conversion from importing my existing (flawed) data and then after the install I can go online and download all the correct data. Or can I do that in my current version before upgrading ?

Boatnmaniac

When you upgrade from 2017 to Subscription your 2017 data file will be imported and converted automatically.  I don't think there is any way to limit which information in that data file is to be converted and which is to be deleted.

If you do decide to delete your current investment account you need to know that any transfer transactions to/from that account will change the category for those transactions in the other accounts to [Unknown Account].

You should know that setting up a new investment account in Quicken to replace your current one can be very time consuming, especially if you have many years of transactions in your current account in Quicken.  I suggest that before you start heading down that path you first go into your online investment account and first verify that your brokerage allows for manual downloads in QFX ("Quicken") format and, if they do, determine for how many years back they will they allow you to do them.  Some brokerages will permit transactions downloads going back many years but many limit it to just the last 2 or 3 years.  And you might need to do many downloads (each for different time periods) because brokerages often limit the number of transactions that can be downloaded at one time to just a few months.

If your brokerage offers QFX downloads going back as far as you need, then set up your account by that method (Web Connect).  Do not start your account set up with Direct Connect or Express Web connect because at best you will get only 6-9 months of transactions download, maybe even less than that.  Once you get all these Web Connect downloads completed you can always try to improve your connection method to Direct Connect or Express Web Connect from the Online Services tab of Account Details.

Boatnmaniac

When you upgrade from 2017 to Subscription your 2017 data file will be imported and converted automatically.  I don't think there is any way to limit which information in that data file is to be converted and which is to be deleted.

If you do decide to delete your current investment account you need to know that any transfer transactions to/from that account will change the category for those transactions in the other accounts to [Unknown Account].

You should know that setting up a new investment account in Quicken to replace your current one can be very time consuming, especially if you have many years of transactions in your current account in Quicken.  I suggest that before you start heading down that path you first go into your online investment account and first verify that your brokerage allows for manual downloads in QFX ("Quicken") format and, if they do, determine for how many years back they will they allow you to do them.  Some brokerages will permit transactions downloads going back many years but many limit it to just the last 2 or 3 years.  And you might need to do many downloads (each for different time periods) because brokerages often limit the number of transactions that can be downloaded at one time to just a few months.

If your brokerage offers QFX downloads going back as far as you need, then set up your account by that method (Web Connect).  Do not start your account set up with Direct Connect or Express Web connect because at best you will get only 6-9 months of transactions download, maybe even less than that.  Once you get all these Web Connect downloads completed you can always try to improve your connection method to Direct Connect or Express Web Connect from the Online Services tab of Account Details.