I am one of the many who have regretted their move to Quicken Essentials from whatever other version of Quicken they were previously using. In my own case, I have been using Quicken Essentials for quite some time now and have had enough of it.

I won’t go into the long list of reasons that Quicken Essentials just plain sucks, there are plenty of other people who have already done so. The one I will mention is the inability to export data into any real usable format. You can export to two formats: 1) .QXF – a proprietary Quicken format to transfer data only to Quicken Essentials, and 2) .CSV – not very usable for mass migrations of data and is pretty poorly laid out.

Converting Quicken Essentials to iBank

After finally deciding I had enough with Quicken Essentials, I decided to go with iBank after reading reviews and using the trial version. The only catch was that there was no good way to get data directly from Quicken Essentials to iBank. The CSV export-import method produced a mess when I imported them.

I did, however, discover that the Mac version of Moneydance (another Mac finance software) has the ability to import directly from the Quicken Essentials data file. So, using the following few steps, I was able to successfully import all of my data into iBank from Quicken Essentials.

  1. Make sure Quicken Essentials is closed
  2. Open Moneydance and from the File menu, select Import
  3. Select your Quicken Essentials file (.quickendata). Your Quicken Essentials data will now import into Moneydance.
  4. Once imported, select Export from the File menu.
  5. Include All Dates and All Accounts. Then specify a file name to export (be sure to add .QIF to the end otherwise iBank won’t be able to import it).
  6. Open iBank and start a new file.
  7. On the Welcome to iBank scree, select Import from Other Financial Application
  8. When prompted, drag the QIF file exported from Moneydance to iBank
  9. The import process can take awhile, but once complete, you’re done!

In my case, I had a little clean up to do after importing into iBank. However, this saved me a lot of time in trying to export and import CSV files, etc.

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