Instructions in Mac 2017 Help file (where they give a 10-step process to prepare for the conversion) are unclear. I understand steps 1-3. Step 4: 'Remove your data file and transactions passwords.'
Nov 13, 2016 'Quicken 2017 for Mac continues to add the top user-requested features. MacRumors Forums. Quicken 2017 for Mac enables you to track your portfolio, manage investments, and plan for taxes. I just want to know if the 'new' Quicken developers are going to hold me for full purchase price ransom every 3 years to be able to use.
What are these? The only password I think I have inside Quicken is the Vault password, which guards the passwords that are used to sign in to my online accounts. Step 5: 'Ensure that there are no hidden accounts.' What if there are? Will they not be converted?
Will they cause the conversion process to fail? If I want to unhide them, does that have to be done individually? How do I unhide them?
There are three check boxes for Account Display: (1) Keep this account separate., (2) Hide in transaction entry lists, and (3) Hide account name in account bar and account list. Which boxes need to be unchecked in order to satisfy this Step 5 instruction? Step 6: 'Ensure that.
Category names are not more than 15 characters long.' I hope this means only the lowest level of the category name (and does not include higher levels in the case of sub-categories). Does anyone know if this is true or false? And, what happens if a category name is longer than 15 characters?
![Portfolio Portfolio](/uploads/1/2/5/3/125392222/856207967.png)
Is it not converted? Is the name truncated? I understand steps 7-10.
Thanks, Mark. I have never done many conversions of Windows data files (I only keep a copy for limited testing) to test whether or not all of this is required, but I think a lot of it is overkill. In any case, the data file password would be one if you set it where you have to type in a password to access your file.
The transactions password is an optional setting some people use to prevent editing older transactions without first having to enter a password. I don't believe any of your bank passwords will transfer over as they are stored in a different way on your Mac (in the encrypted system keychain).
You will have to enter them when you setup online activity. I truly believe hidden accounts will be converted, but go ahead and unhide them. You will have to go into the Account list and make sure the checkmark at the lower left is selected to show hidden accounts. Then, go into each hidden account (click the edit button in the list) and in that window, choose the display options tab. Then remove the checkmarks to hide the account in the various view. It is hard-just time consuming.
I have not heard of anybody getting their categories truncated, so I wouldn't worry about it. (I think this is a vestigial artifact from older conversion instructions.) If worse comes to worse, you can always try the conversion again (and into a new Mac file). It picked up all my categories and subcategories.but I only go one subcategory below the main category.so I guess I'm within that 15 character limit.but I may not be. Anyways, that part of the conversion went fine. The biggest issue I had converting was that ALL my transfers in my investment accounts (and I had LOTS of them.SELLX and BOUGHTX) were ALL messed up. The transfers didn't link properly.
The Sell and Buy part of the transactions were fine.just the transfers didn't link to my checking account(s). That was probably the worst part of the conversion process. My investment balances were ALL off and had a lot of transactions that had to be corrected. OK, I did a test run, and here's what I found. (Remember, this is Win17 to Mac17.) 1. Hidden accounts are converted, and end up as hidden accounts on the Mac. Length limits on names of accounts and categories appear to have been removed.
(FWIW, I had already shortened the names of my non-hidden accounts to 15 or less.) Note: I did not, IIRC, have any SELLX or BOUGHTX transactions to convert. Straight inter-account transfers, by themselves, were handled correctly. Looks as though the HELP file of the Mac17 software has some obsolete information (at least when coming from Win17). The investment module is IMHO a major impediment for folks wanting to come over to QM.
I have come to understand ( don't like it much ) that it sort of makes sense that QM, lacking investment capability cannot perform on converting investment data from QW; for example if QM cannot handle an investment issue how is it going handle something converted from QW.ie lots management, sellX, and other investment issues. Prior to Converting my QW data I had spent time here understanding the limitations with QM. So the bar wrt investments was pretty low. What I failed to anticipate was the conversion process with my data, a most painful experience. Had to make some hard choices, fortunately my PC is still breathing so if I need something that could not be converted I still have access. I also found that investment handling left a little to be desired. In late May, one of my mutual funds converted my holding from Class C to Class A shares, by exchanging my (let's say) 100 Class C shares for 80 (more valuable) Class A shares (no change to my portfolio worth).
QWin17 handled this correctly, by removing the 100 Class C shares, and adding 80 Class A shares, while preserving the original cost basis (total value of Class C shares at acquisition) and date. QMac17 did the same (Remove and Add), but then it also created a fictitious 'Add Cost Basis' transaction, backdated to my original acquisition of Class C shares, but for 80 more Class A shares, at a fictitious purchase price of 80% of what it cost me to get the original 100 Class C shares. The result of this was that my current holding of Class A shares showed as double (160 shares) what it should have been, with the consequent distortions of both current portfolio value and cost basis. After a phone call with the broker, where we confirmed that the share swap was represented correctly, and consulting QWin17 to confirm that its portfolio value matched the broker's website for my account, I engaged in some detective work. I was able to trace the discrepancy back to the fictitious transaction that QMac17 invented for the original date of purchase (in 2012).
When I deleted that transaction manually, everything became correct. So, why did QMac17 feel the need to invent this fictitious transaction, when QWin17 did the correct thing by not adding any such thing to my transaction list? I am keeping both environments (QWin17 and QMac17) running in parallel, until I get a comfort level for QMac17 being able to handle things on its own, or at least a comfort level that I understand its limitations and know how to work around them.