Microsoft Money

If you change an account in Quicken and then import the file to Money before Quicken recalculates the account value, the Money and Quicken balances will differ. To confirm the Money balance, open Quicken and then open the register for the account in question to update the account balance. The balances should now match.

If a stock split (The division of each share of a security into two or more shares, with the price adjusted so that the total value of the shares remains the same. ) was entered in Quicken but the price wasn’t updated (or wasn’t current), the Quicken and Money account balances will differ. This also happens if the stock split transaction wasn’t entered in every account that holds the security that split. Check your Quicken price history list to make sure that the correct price and transaction information is being imported into Money.

This can cause temporary balance inconsistencies in Quicken that get passed on when you convert the file to Money. You can easily fix the balance by opening the Quicken file in Quicken and then re-importing it to Money. If the balance is still off, try re-indexing (or validating) the Quicken file. For instructions, refer to your Quicken documentation.

Because Quicken treats CDs the same as any other investment (Assets such as stocks, bonds, mutual funds, real estate, or other items purchased for expected favorable future returns. ) type, you can record buying shares at a price other than $1.00. Money allows the transactions, but because Money handles CDs differently, the account balance might be different. In addition, the price history is not imported.

Money and Quicken may round numbers differently. For example, $2.375 is displayed as $2.37 in versions of Quicken earlier then 7.0, but as $2.38 in Money. This can result in different (not incorrect) balances, especially when a transaction involving several decimal places, such as a stock split (The division of each share of a security into two or more shares, with the price adjusted so that the total value of the shares remains the same. ) , has been recorded.

After converting a Quicken file, Money automatically checks for current quotes on your investment accounts (A brokerage account, retirement account, or other account in which you hold investments. You track individual investments, such as stock purchases, in the associated investment account. ) . So when you view the account within Money, the balance will be updated and may differ from the balance listed in Quicken or in the Conversion Summary.