For each account in the Quicken file, QuickBooks creates a balance sheet
account in your new QuickBooks chart of accounts. QuickBooks creates the
accounts as follows:
This type of account in Quicken
Becomes this type of account in QuickBooks
Other Current Asset
Other Current Liability
QuickBooks copies a Quicken investment account to an Other Current Asset account because QuickBooks does
not have a special feature to track investments.
You can choose whether to include or exclude the value of your investments in your QuickBooks balance sheet.
To include the value of your investments
Use Quicken to track your investments.
When you're ready to create a balance sheet, update the balance of your QuickBooks current asset account.
To exclude the value of your investments
You can delete Quicken accounts before converting to QuickBooks. All transfers
to/from the deleted accounts will be converted to your opening balance equity
account in QuickBooks to ensure that your accounts balance. You can still
use Quicken to track your investments and other accounts.
Make a copy of your Quicken data.
Delete Quicken accounts before you convert to QuickBooks.