Quicken 2005 User Looking To Move To GnuCash - Have some questions

[Bob Plantz]

I did this several years ago, so I don't recall all the details. As I 
recall, I exported a QIF file from Quicken, then imported it into 
GnuCash. It would not import completely. Then I realized that the QIF 
file is in plain text, so I could sort of figure out the format. But 
there were a huge number of entries, so finding the place where it 
failed seemed daunting. Then I recalled my computer science training, in 
particular, binary search. I split the file in half, imported each half, 
and determined the bad half. I then split the bad half into half and 
kept doing this process until I located the problem.

The problem was that Quicken allowed me to make some accounting errors 
since it does not use a double entry system. GnuCash would not allow that.

As I recall, Quicken is prettier, but I consider that much less 
important than accuracy. When I discovered that Quicken was much more 
forgiving of my errors, I was completely sold on GnuCash.

--Bob

On 8/10/2011 6:44 PM, rt1001 wrote:
> Hello!
>
> I have been using the Quicken 2005 version for keeping track of my personal
> finances for a number of years.
>
> I am now looking to "move on" and am considering GnuCash.  I had tried
> GnuCash, briefly, several years ago but did not switch.
>
> My questions are:
> 1. How easily can I transfer my existing Quicken 2005 data to GnuCash (and
> how completely)?  For instance, does GnuCash support split credit card
> transactions (one purchase going to 2 or more categories)?
>
> 2. Whan I tried GnuCash previously (under Windows XP), it created a bunch of
> directories for the data in very non-standard locations.  Can the location
> of the data be controlled by the user?  Does it still use multiple
> directories?
>
> 3. As for downloading transactions from my bank and credit card, can GnuCash
> import OFX or QFX formatted files?  Some companies offer OFX while some
> offer QFX.
>
> Thanks in advance for any help you can provide.
>
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