Overview


Importing your data from MoneyWell to MoneyWiz is easy. We have a lot of clients coming from MoneyWell and the import works great for them. MoneyWell can export accounts to separate QIF files or all accounts into a single QIF file. MoneyWiz not only supports import from this file type, it will detect the transfers between your accounts as well as split payments, your Payees (Contractors) and Categories.


You can export your accounts from MoneyWell to a QIF file, and then import the file to MoneyWiz. MoneyWell exports all accounts to a single QIF file that is perfectly readable by MoneyWiz.


Please notice that if you have Investment & Assets accounts, those will probably not import into MoneyWiz because MoneyWiz currently works with Cash, Loan, Checking, Credit/Debit and Savings accounts. Click the Link to see the current status of the investment and assets accounts development, and how to manage your assets and investment instruments in MoneyWiz.


First, get prepared before the export


Note the Opening Balance of your accounts

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.

In MoneyWell that would be the first record in each account, it is called Initial Balance. Take a note of the Opening Balance for each account that you will be exporting.


Note the names of your accounts and their exact spelling

This is needed so that when you are exporting each account, you name the QIF file exactly as the name of the account. It is important to do this as due to the structure of the file i.e. if the account is called Visa Gold, the QIF file for it should be called Visa Gold. Please mind the capitals, and spaces, the file format is cases sensitive. This will be also needed when you are setting up your accounts in MoneyWiz before importing your transactions. 


Next, export your data from MoneyWell


1. Go to File > Export:


2. Choose Filename and Location:


a. You can choose any location you prefer. Usually the easiest thing to do is to save the file to the Desktop.
b. Name the file as you like. MoneyWell exports all accounts to a single QIF file. So you can use something like "MoneyWell Export"


3. Complete the Export:


Make sure that the "Export selected accounts & buckets only" is not checked, and click Export.

That's it! The file containing all of your accounts will be exported to the selected location in Step 2, and it is ready to be imported to MoneyWiz.


Importing to MoneyWiz


Click "Import OFX, QIF and CSV files from banks or other applications" to see how to set up MoneyWiz before you import your MoneyWell data to MoneyWiz.