Working with Quicken (& One Step Update) after a 15-month delay...

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I've been using Quicken for over 30 years, and my laptop HDD crashed over a year ago. I've been stockpiling all of my receipts and statements over that time and I finally just got my QDF file recovered and installed Quicken H&B 2017 and it worked--I have all of my old legacy data back!

Here are my questions:
  • I had all of my accounts synched for One Step Update 15 months ago. How would I best go about pulling as much data as possible in a download from my financial institutions, knowing how long it's been?

  • How far back will OSU go to grab transactions?

  • Would I be better off downloading separate data files from each institution using a date range that I specify, and importing that into Quicken? If so, what format?

I don't want to run the One Step Update until I know my best options for proceeding. TiA.
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healthylaugh

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Posted 2 months ago

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UKR, SuperUser

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It this was me, I would manually bring forward my data and enter transactions until I'm all caught up and a Reconcile shows my account registers to be in sync with the bank statements. Only then would I attempt to download any transactions from the banks.

After a long hiatus, a download from the banks will give you between 60 and 90 days worth of the most recent transactions.
Before you do any downloading, make sure you set the Preferences to "NOT auto-accept downloaded transactions". Review each downloaded transaction to see if it properly matches one of the already existing register transactions and then accept it. Make changes as needed to Payee Name and Category before accepting new transactions. When in doubt, delete a downloaded transaction instead of accepting it (and creating discrepancies along the way).
After you have worked your way through this, future downloads will correctly pick up new transactions only.

Where are the "Auto-accept downloaded transaction" settings?

There are two places where this is controlled in Quicken for Windows:
 - Globally, for all accounts, in Edit / Preferences / Downloaded Transactions
 - For each account individually, the global setting can be overridden from the Edit Account Details screen, Online Services Tab. Look for blue text "Automatic Entry is: ON / OFF". Click the text to change the setting.

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healthylaugh

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Best response ever! It's detailed, thoughtful replies like yours that make this community great. Please go buy some lottery tickets--you're bound to win with positive karma like that!

Thank you! And stay cool!
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UKR, SuperUser

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> "go buy some lottery tickets"

Will do, especially since today is Friday, the 13th.  ;-)
Glad you liked my response. Best of luck getting caught up with your transaction entry. And please do not forget to make regular backups of your Quicken data file as you enter data and reconcile account registers. Nothing worse than spending a few hours on data entry and then Mr. Murphy comes by and wipes it all out ...