I am new to Quicken. I have been using MS Money for about 20 years. [Edited]

Question

I imported all my account, investment and transaction data from my current MS Money file into my new Quicken Classic file. The account names I used in MS Money are unique to me and I managed all the data.  My MS Money file was not connected to the web.  When I connect Quicken to my online accounts, it doesn't recognize what I already have.  It creates new account files.  Now I have duplicate files in Quicken. How do I handle this?

Chris_QPW · Answer

Note before connecting any accounts I would make sure that all your transactions are reconciled.  When you connect an existing account to an online account you are definitely going to get duplicated transactions on the first download.  You can use the fact that the new transactions will have the CLR column set to c instead of R to find and delete the duplicate transactions.  After the first download Quicken will keep track of the ones that have already been downloaded and not duplicate them.

splasher · Answer

If you haven't done too much manual work yet, I would start over with a new file and the MS Money import.

This time when you connect the accounts to the financial institutions for the downloading of transactions, when Q asked about which account to put it in, be sure to select "LINK", not "ADD".  By selecting LINK, you will be asked which EXISTING account to link to.

BTW, Unless you had a separate data file for each of your financial accounts in MS Money (highly unlikely), you only have one data file with multiple accounts in it.  The same will apply to Quicken, one data file with multiple accounts in it.  You refer to Quicken  doing " It creates new account files." which is incorrect, Quicken is creating new accounts, not files, rather than using the existing accounts that were imported from MS Money.

Deb603 · Answer

I meant to say "I have been", not "I been" 😊