2013 Quicken R11 update

I allowed Quicken to update to the latest version R11 and now that I look at my accounts, I noticed that Quicken changed my accounts that I had already categorized.  My accounts are a mess now, transfers show up as expenses.  I have at least 50 transactions that changed, what is going on with Quicken. Anyone else experiencing this or know how to correct. I'm tempted to go back to an old file and never update Quicken again. 

Answer

This is one of the many reasons I'm waiting to update my QWHB 2010 to the 2014 version.

However, NOTHING may be wrong in your accounts.  Each "Transfer" out of one account has a "Transrer" in to another account.

Check both sides of those transfers.  As long as each Transfer In is matched by a Transfer out, then nothing is wrong even if they are not labelled "transfers" in QW 2013.

There are several steps you can try:

1. Copy (NOT file copy) from the File Menu.
2. Validate the file.
3. Run a FINANCIAL VALIDATION by running a Networth Surplus statement (of income and expense  Categories) and mark down your Surplus and / or Deficit for the Period chosen for one year.  Then run Networth Account statements for the beginning of that period and another for the end of that period.  The DIFFERENCE of those two Net Worths should equal your Surplus / Deficit from the Networth Surplus statement.

When doing the Financial Validation test, do not use 2/28/2013 as the ending date since last year was a leap year and the extra day will throw off the comparison.

Financial Validations should be done once per month and using Copy and Validate should be done at the end of every year and BEFORE every update to a new version.

Windows Backup and Restore should be used DAILY to create a System Image once per month and file backups every day.  Preferably, they should be done to an External Hard Disk.  That should supplement the Quicken Backup since the Quicken Backups could get corrupted by Quicken in that process.  The Windows Backup will never be corrupted  It is a direct copy of the Quicken Data file without any internal modification.

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