Migrating to Classic Business & Personal from Quicken 98 and QuickBooks 2011

dhdurgee
dhdurgee I do not have Quicken yet Member
edited November 16 in Installing and Updating (Windows)

I have been using Quicken 98 for personal and QuickBooks 2011 for business for many years. I had been making my payments using CheckFree web for both and manually updating them as neither product has had online support for quite a while.

Unfortunately CheckFree Web is going away in December, so I need another way to make payments. I could use my bank's offerings, but that would require me to use two different payment systems. I then became aware of Quicken Bill Manager which would allow me to deal with both my personal and business bills in one system.

This would allow me to replace CheckFree Web for payments, but given I am now working with you again it makes sense to see if I can migrate from my current situation to Classic Business & Personal. I had considered the cloud based version but have been told I could not migrate my current data into it.

Am I correct that I can migrate my QuickBooks 2011 account and my Quicken accounts into Classic Business & Personal?

If so, the next point to be addressed is that I am a Linux user. I have a VirtualBox with Windows7 installed for programs that require it, such as QuickBooks 2011, but that is as far as I go with Windows. Will your Classic Business & Personal run in Windows7? If not, what is the minimum Windows version required and what resources would I need to configure into a VirtualBox for it?

Please let me know what I would be getting into with this so I can decide if it would be worth the additional cost and effort to go with Classic Business & Personal instead of Bill Manager and my current packages.

Dave

Answers

  • jtemplin
    jtemplin Member ✭✭✭✭

    There are a lot of moving parts here.

    First, there is no conversion from Quickbooks to Quicken. The latter is personal finance software while the former is full-blown accounting. Are you even sure Quicken meets your use cases?

    The migration from Quicken 98 to current Quicken is a multi-step process using intermediate versions of Quicken. That process is described here: https://www.quicken.com/support/how-and-when-use-intermediate-version-convert-older-versions-quicken/ I can't vouch for how correct the migration ends up. It's a lot of steps using old software. Maybe someone else with hands-on experience with Quicken 98 can chime in.

    Current Quicken <might> run on Windows 7. But then again, Windows 7 is so old, it might not, and you're not going to get any help from Quicken support. The official minimum requirements are here: https://www.quicken.com/support/quicken-system-requirements/ but I suspect Windows 10 will leave this support list soon because Microsoft has ended support for Windows 10 today unless you've obtained their extra year of support.

  • dhdurgee
    dhdurgee I do not have Quicken yet Member

    You have a good question regarding if Quicken Classic Business & Personal will meet my needs. Perhaps I was misled by the fact that the product is called "Business & Personal" with "Business" listed first.

    I do have to wonder about that if there is indeed no migration path from QuickBooks. How is a customer using QuickBooks supposed to migrate if there is no path to do so?

    Perhaps I will wind up continuing to use Quicken 98 and QuickBooks 2011 with Quicken Bill Manager alone. If Quicken Bill Manager will export a QIF file as opposed to the CSV files I must work with from my banks that would be an improvement. I currently have to run a script to go from a CSV to a QIF first.

    At least Quicken 98 will import a QIF file while I have to copy/paste from a QBO file in QuickBooks 2011 as they disabled the import feature.

    I am having some difficulty in locating the link for the stand-alone Quicken Bill Manager. If you are indeed correct I am going to need that so I can sign up for that service as opposed to either of the Business & Personal options.

    Dave

  • jtemplin
    jtemplin Member ✭✭✭✭

    I do have to wonder about that if there is indeed no migration path from QuickBooks. How is a customer using QuickBooks supposed to migrate if there is no path to do so?

    https://www.quicken.com/support/converting-quickbooks-data-quicken/

    Well, they're apples and oranges, really. Trying to migrate data from a double-entry accounting system into personal finance software that really isn't is complicated enough that it's not supported. Besides, Intuit and Quicken Inc. have been separate companies for several years now, so there is no incentive for Intuit (QuickBooks) to lose customers to Quicken Inc. (Quicken) by providing a migration path and vice-versa.

    I used "Business" Quicken for a short time. It wasn't worth the extra cost for my use cases running a sole proprietorship developing software apps.

    https://www.quicken.com/products/pricing-comparison-classic/

    I think you'd benefit from further research. I found all the links I've quoted to you that answered your questions by doing simple Google searches.

  • Chris_QPW
    Chris_QPW Quicken Windows Subscription Member ✭✭✭✭
    edited October 15

    Business in this context means self employed or other small businesses that tend to report their business and personal taxes together, not just any business.

    Quicken’s payment system isn’t suitable for business use in my opinion unless you can use one of the very limited list of financial institutions that still support Direct Connection with bill pay through that financial institution. Quicken Inc is now on its third party bill payment system as the others have got out of the business. And the current one has the most limited list of billers it supports out of all three. Oh and because they just switched to the newest one they are also growing pains currently.

    Signature:
    This is my website (ImportQIF is free to use):

    http://www.quicknperlwiz.com/

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