Money: How to Convert Files & Accounts to Money 3.0
  
PSS ID Number: Q151532
Article last modified on 08-18-1998
 
WINDOWS:3.0,3.0a,4.0,4.0a,5.0,98,99
 
WINDOWS
 

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The information in this article applies to:
 
 - Microsoft Money 99
 - Microsoft Money 98
 - Microsoft Money versions 4.0, 4.0a, 5.0 for Windows 95
 - Microsoft Money versions 3.0, 3.0a
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SUMMARY
=======
 
This article describes how to convert later versions of Money for use in
Money 3.0. If a Money file is not converted before trying to open the file
in Money 3.0, Money 3.0 displays the following error message:
 
   C:\<Path>\<File Name>.mny is corrupted or is not a Microsoft
   Money data file.
 
Money 3.0 is unable to open data files created with later version of Money.
This article describes how to convert Money files for use in Money 3.0.
 
MORE INFORMATION
================
 
The core of the conversion procedure is to export each of the accounts to
separate .QIF files from the file for the later version of Money; then
import all the exported files into a new Money 3.0 file.
 
Important
---------
 
If Online Bill Payment services are active and there are Automatic
Payments established with these Online Services, the transactions need
to be cancelled before starting the file conversion process. Also if
there are any pending instructions to send to Online Services, they need
to be sent before proceeding.
 
For additional information, please see the following article in the
Microsoft Knowledge Base:
 
   ARTICLE-ID: Q142768
   TITLE     : Money 5.0: How to Cancel Apays, Epays, and Send
               Bank Letter
 
Net Worth Report
----------------
 
It is recommended, but not required, that the accounts should be reconciled
and that a Net Worth report printed before starting the conversion process.
A Net Worth report printed from Money for Windows 95 before conversion can
be compared with a Net Worth report from Money 3.0 after the conversion
process to validate the accuracy of the account balances.
 
For information on how to accomplish these tasks, refer to Money Online
Help. For additional information, please see the following article in the
Microsoft Knowledge Base:
 
   ARTICLE-ID: Q76422
   TITLE     : Balancing/Reconciling a Money Account
 
How to Import Accounts
----------------------
 
To import accounts to Money 3.0, follow these steps:
 
 1. On the File menu, click New to create a new .mny file.
 
 2. Enter a file name, and then click OK.
 
 3. Select the type of categories you want, and click OK.
 
 4. Click the type of account to create and enter a name for the
    first account. Click OK. Enter zero for the opening balance.
 
 5. On the Lists menu, click Account List.
 
 6. Create an account for each exported account. Enter zero for all
    opening account balances as these accounts are created.
 
 7. On the File menu, click Import and then click the Select All
    button. Click the Import button.
 
    NOTE: It is important to import all exported .qif files at the
    same time so that all account transactions import properly.
    Unwanted accounts can be deleted later.
 
 8. In the Select Import dialog box, match the specified .qif file
    with the appropriate account. Click OK.
 
    NOTE: Read each Import dialog box carefully! These dialog boxes
    explain what information is being imported, and what account
    it will be assigned to in Money 3.0.
 
 9. Continue to associate the appropriate import files with the
    appropriate accounts.
 
For additional information, please see the following article in the
Microsoft Knowledge Base:
 
   ARTICLE-ID: Q178830
   TITLE     : Money: How to Export and Import Account Information
 
After Import Is Complete
------------------------
 
Verify account balances are correct in the newly created file by
comparing Net Worth statements from before and after the conversion.
 
All Online Services must be re-established or activated, including the
file for Online Service, and the account(s) re-enabled for the service(s)
utilized.
 
To activate or set up the account for Online Services again, follow these
steps:
 
 1. On the List menu, click Account list.
 
 2. Select the account in the Account List and click Money On-Line
    Services.
 
 3. Make sure the Pay On-Line and/or Bank On-Line boxes are selected.
 
 4. If re-enable Bank On-Line, follow these steps:
 
     a. Verify that the Account Description is correct.
 
     b. Select the appropriate Financial Institution. If your financial
        Institution is not listed, click Other.
 
     c. Type the routing number in the Bank Routing Number box at the
        bottom of the dialog box.
 
 5. Click OK.
 
 6. Repeat steps 2-4 for each account re-enabled for Online Services.
 
For additional information, please consult the printed documentation
and Online Help.
 
Request and Download Epayee.lst
-------------------------------
 
Microsoft Money 3.0 maintains a file of electronic payees on your local
hard disk. After converting the Money for Windows 95 file to Money 3.0,
this file may not be in the Money 3.0 folder. To create a new electronic
payee file, send a letter through Microsoft Money to Online Services
requesting them to send the Epayee.lst file. This file will be downloaded
to the computer the next time you connect with Online Services.
 
For additional information, please see the following articles in the
Microsoft Knowledge Base:
 
   ARTICLE-ID: Q142769
   TITLE     : Money 3.0: How to Cancel Apays, Epays, and Send Bank
               Letter
 
   ARTICLE-ID: Q117334
   TITLE     : Money: Add On-Line Payees Button Is Not Available
 
Additional query words: w_money 97 6.0 7.0 dolly
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Keywords          : kbdta kbconversion kbonline 
Version           : WINDOWS:3.0,3.0a,4.0,4.0a,5.0,98,99
Platform          : WINDOWS
Issue type        : kbhowto
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Copyright Microsoft Corporation 1998.