Adding historical data from older Accounts

kjoswald

Hello,

I'm switching from Mint to Quicken and have a question about setting up accounts. When I link an account to my financial institution I get about 90 days worth of transactions. Since the balance wouldn't start at 0, how does Quicken balance the account?

jacobs

Quicken will get the account balance, subtract all the transactions, and create an opening balance transaction which will make all the transactions add up to the current balance. 

kjoswald

Thank you!