Importing your data from MoneyDance to MoneyWiz is easy. We have a lot of clients coming from MoneyDance and the import works well for them. MoneyDance can export accounts to a QIF format. MoneyWiz not only supports import from this file type, it will import the transfers between your accounts as well as split payments you may have on your accounts, payees and categories.
Before starting to export your accounts, please take a note of their Opening Balance. You would need this information when creating your account in MoneyWiz. For the accounts to come up with the right balance after the import they need to have their Opening Balance set as of the date of the first transaction that you will be importing.
Please note that if you don’t import all accounts, the other accounts might not come up with the correct balances, because of the transfers between them and the accounts you haven’t imported.
Exporting from your current application
- Go to File -> Export.
- Select the Export properties:
- Select the Format: Leave QIF selected. The other options QIF: Tab Delimited, Moneydance XML, Moneydance 2008 are not supported by MoneyWiz.
- Select Account: You can choose to export all accounts into a single file or to export each account to a separate file. Sometimes it is better to export to separate files for compatibility issues, although we’ve tested the single file in MoneyWiz and it imports as good as with the separate files.
- Choose Date: Select All Dates, if you want to export all of your transactions.
- You can choose any currency. This information is irrelevant to MoneyWiz as it imports the transactions in the currency of the account that you are importing – if you set up the corresponding account in MoneyWiz with the US Dollar currency, all transaction imported to it will be in this currency.
Name the file and choose the location. Usually the easiest thing to do is to save it to the Desktop.
If you chose to export each account individually, you would have to repeat this for each of your accounts. Once you have all files, you can start with importing them to MoneyWiz.
Importing to MoneyWiz
Please note that it is possible that the exported file(s) do not have an extension. So, in order to import them to MoneyWiz you will need to add it manually before starting the import. Just start renaming the file and add “.qif” at the end.
Review the Import OFX, QFX, QIF, CSV and MT940 files from banks or other applications guide to see how to set up MoneyWiz before you import your data to MoneyWiz.