As we all know, that QuickBooks is accounting software specifically for small and medium-sized businesses. It offers multiple features and is quite affordable. A question might come to your mind if QuickBooks is so good then why one would choose Quicken over it?
Well, quicken does have its fair share of users, because the software is specifically meant for tracking personal finances like personal expenses and investments, retirement plans, etc. It also helps to track tenants, rental rates, lease terms for rental properties. So, owners of rental properties also prefer Quicken.
Now, if you have decided that Quicken is better for your business needs, then let us move ahead and look into the process of migrating or converting the data from QuickBooks desktop to Quicken.
Process Steps for Converting QuickBooks Desktop Data to Quicken
Step 1. First of all, export your Chart of accounts and vendor list in IIF format. You can do so by clicking on File > Utilities > export > list of IIF files > click on Chart of Account and Vendor list and click on OK.
Step 2. In this step, you need to export the information from Quicken in .QIF format by following the below sub-steps:
- At first, copy-paste your QuickBooks desktop information into Quicken (.QIF) file.
- Now open the .IIF file created earlier, you can open this file choosing Excel as a program.
- Now from the File menu click on export, select .QIF file for accounts and Address for names.
Step 3. Now you need to import the addresses, for this purpose, you need to match the Quicken fields to QuickBooks desktop fields, follow below steps:
- Click on File > click on Import > choose addresses, then click on the tab.
- Now in the file name click on Browse to locate your file and click Next.
- Now choose the Quicken field and then click on Add, repeat the process for all the fields you want to import, and then click on Done.
How Dancing Numbers will Help You?
Dancing Numbers is SaaS-based software that can easily be integrated with your QuickBooks account. You can import, export, and delete lists or transactions from your company file. Using Dancing Numbers you can simplify and automate the process, saving time and increasing productivity. Just fill in a few fields and apply the relevant features to complete the task.
It saves your time and money that you can invest in your business. It has no human errors, works automatically, provides a user-friendly interface (easy to use and learn), and more. You can also have access to the comprehensive features set if you use it to Bulk import, export, and delete services.
How can I Convert Quicken Data to QuickBooks Desktop?
You can do so by using the conversion data facility. For this, you need to go to the file > utilities> convert and select from Quicken. Quicken data file in .QDF format will need to be extracted from Quicken beforehand. The rest of the process will be guided by the conversion utility.
How can I Convert Data from QuickBooks Online to Quicken?
Unfortunately, currently, there is no way to convert the data from QBO to Quicken. You can contact the support for further information.
Quicken and QuickBooks, similar Types of the name, is the Company Behind these Products are same?
Yes, you are right, Quicken and QuickBooks, both are Intuit products. Quicken is for personal finance and QuickBooks is for meeting the accounting needs of small and medium-sized business enterprises.
How can I Export Quicken Data in .CSV format?
First, you need to open the report in Quicken, then click on the Export option below the report title. Now click on export and choose to CSV file option.