Year End Copy
LostCanuck
Quicken Canada Subscription Member ✭✭✭
Hi everyone,
I'm thinking about doing a year end copy, but concerned about loosing historical data. I'm using H&B Version R33.7 Canada edition.
A few questions:
1. Will reports like "Net Worth" retain historical value for past years? In my net worth reports, I include checking and credit cards accounts
2. What happens to values from closed accounts in the "Net Worth" report?
3. How do I looking up historical records? Like when or how much I paid for something I bought 6 or 7 years ago. I find this data very useful
Thanks in advance
Cheers,
Randy
I'm thinking about doing a year end copy, but concerned about loosing historical data. I'm using H&B Version R33.7 Canada edition.
A few questions:
1. Will reports like "Net Worth" retain historical value for past years? In my net worth reports, I include checking and credit cards accounts
2. What happens to values from closed accounts in the "Net Worth" report?
3. How do I looking up historical records? Like when or how much I paid for something I bought 6 or 7 years ago. I find this data very useful
Thanks in advance
Cheers,
Randy
0
Best Answers
-
Since when most people ask this question, they are talking about removing data from their current data file, I will answer this as if you have selected that option.
Note Year-end-copy never removes any investment transactions, so they go unchanged in accounts/reports.
1) The data is gone so you aren't going to see it on reports.
2) Closed accounts aren't treated any differently. Assuming all the transactions are reconciled and are non-investment accounts the transactions will be removed, but the accounts themselves will remain.
3) You would have open up the Archived File(s) or a backup and run your reports there.
Your concerns are exactly why SuperUsers recommend that you don't use this feature.Signature:
This is my website: http://www.quicknperlwiz.com/0 -
Thanks @Chris_QPW and @Sherlock. I would be ok to lose the transaction data if the reports (i.e. Net Worth) retained the values from that year. I could go back to old files to find the data if I really wanted to find something. At some point files will get too large and some data would need to get purged.
@Chris_QPW last comment ..."Your concerns are exactly why SuperUsers recommend that you don't use this feature" makes the most sense. I will ignore this until I get to the point where the data file becomes too large to manage.
Thanks again for the great feedback.0
Answers
-
Whether you will lose historical data depends on whether you change the current Quicken file when you save the year-end archive.
0 -
Since when most people ask this question, they are talking about removing data from their current data file, I will answer this as if you have selected that option.
Note Year-end-copy never removes any investment transactions, so they go unchanged in accounts/reports.
1) The data is gone so you aren't going to see it on reports.
2) Closed accounts aren't treated any differently. Assuming all the transactions are reconciled and are non-investment accounts the transactions will be removed, but the accounts themselves will remain.
3) You would have open up the Archived File(s) or a backup and run your reports there.
Your concerns are exactly why SuperUsers recommend that you don't use this feature.Signature:
This is my website: http://www.quicknperlwiz.com/0 -
Thanks @Chris_QPW and @Sherlock. I would be ok to lose the transaction data if the reports (i.e. Net Worth) retained the values from that year. I could go back to old files to find the data if I really wanted to find something. At some point files will get too large and some data would need to get purged.
@Chris_QPW last comment ..."Your concerns are exactly why SuperUsers recommend that you don't use this feature" makes the most sense. I will ignore this until I get to the point where the data file becomes too large to manage.
Thanks again for the great feedback.0
This discussion has been closed.