I have automatic backups configured to backup my file every 5 times Quicken is executed and to retain 20 copies. Currently I have 58 backups included 8 of which are created before every Quicken software update. I am fairly confident that Quicken is respecting the backup frequency (5) but my question is how to explain why the retention number (20) is apparently ignored? I believe that there has been a suggestion that the counter is reset after a software version update but I would like an authoritative explanation of what is actually happening.