Quicken to GnuCash – A Complete Guide

Quicken to GnuCash, a seamless transition for managing finances. Migrate your data and embrace the harmony of money management with ease and grace.

If you’re looking for free accounting software then GnuCash is a promising option. It has numerous features such as double entry, multiple currencies, etc.

On the other side, Quicken is a leading personal financial software but comes up with an annual subscription fee.

This article aims to give you a step-by-step guide on how to move your data from Quicken to GnuCash. Also, this post will focus only on the Windows version.

List of things to do before transferring data from Quicken to GnuCash

A. Update Quicken to the Latest Release

  • Open Quicken
  • Go to Help > Check for Updates
  • If an update is available, click on Yes to launch it

B. Create a Quicken File Backup

  • Open Quicken
  • Go to File > Copy or Backup File…
  • The next window prompts you to create a backup
  • Click Back up Now to create a backup on your computer or external drive.

Note: If you want our experts to help you with the complete transfer process, feel free to reach us.

3 Simple Steps to Convert Data from Quicken to GnuCash

Step 1: Download and Install GnuCash

Download GnuCash

  • Go to gnucash.org
  • On the left panel, click on Downloads > Program
  • Now click on Microsoft Windows 8/10/11 to download it on your computer
  • The next window starts to download GnuCash automatically

Install GnuCash

  • Once it’s downloaded, click on the setup to install
  • Click Yes, if asks to allow User Account Control permission
  • Now select Setup Language such as English and click OK
  • Click Next to continue with the setup
  • Click Next again to install the GnuCash program on your computer
  • Select the Components and click Next
  • Click Next to create a shortcut on the Start Menu and Desktop
  • Now click Install. It may take a while for the program installation to complete
  • Then click Next and Finish

Step 2: Export Quicken Data in a QIF Format

Important: You cannot import the QDF file into GnuCash as it’s not supported.

QIF format is the primary way to import Quicken data to GnuCash. Quicken also supports this format. To export your Quicken data in QIF format:

  • Open Quicken
  • Go to File > File Export
  • Choose QIF file
  • Follow the following step-by-step:
    1. QIF File to Export To: This is the location where your Quicken QIF file will be exported such as Desktop, etc. Click on Browse to change the location.
    2. Quicken Account to Export From: With the help of this feature you can export all the bank accounts or the ones that you want.
    3. Include Transaction in Dates: It’s a time period of your data that will be exported. You need to choose a beginning and ending date for this time interval.
    4. Include in Export: You need to select the items that you want to include in the QIF file such as Transactions, Account List, etc.
  • Then click OK

Step 3: Import Quicken QIF Data to GnuCash

  • Open GnuCash
  • Go to File > Import
  • Select Import QIF
  • Click Next to start importing QIF format data
  • Click Select and browse to the location where you exported the QIF file
  • Select the QIF File and click Import
  • Then click Next
  • Now click Start and GnuCash will load your QIF file
  • Then click Next and follow the on-screen instructions to import Quicken data into GnuCash.

Once QIF import is completed, Click Close. You can edit your GnuCash accounts to match your preferences.

As you’re new to the GnuCash software, it’s suggested to explore GnuCash features such as creating or modifying Categories, Reconciling accounts, and much more.

Please note that if you have historical data in Quicken and want to import it into GnuCash, it’s good to import in small chunks such as one account at a time or a small time period data.(monthly, etc.)

FAQ’s

1. Is GnuCash Software Free?

Yes, GnuCash is a free accounting software for personal and small businesses and is available for Microsoft Windows, macOS, and Linux.

2. Is there other formats to import data into GnuCash?

Yes, you can also import data using QFX/OFX but not all Quicken versions have the ability to export the data into this format.

3. Can I use GnuCash on multiple computers.?

Yes, You can use it on multiple computers but your data won’t be synced to the other computers.

4. Can I use GnuCash Software on Cloud?

No, GnuCash is a locally installed software at the moment that you can use on your computer. If there would be any future updates related to cloud-based we’ll update it.

5. Is my Data Safe with GnuCash?

Yes, your data is completely safe with GnuCash as it’s installed on your computer locally but it’s suggested to keep regular backups of your data.

Related Posts

Leave a Reply