Do you want to import Venmo to Quicken? You’ll want to join us as we explain if Venmo and Quicken are compatible and how you can import your transactions.
Keeping a record of all your Venmo transactions is a good idea, especially if you run a small (or big) business.
However, since you’re new to Venmo, you may not know how to import your transaction history to Quicken.
No, Venmo isn’t compatible with Quicken. To elaborate, Venmo allows you to download your transaction history only as a CSV file. But Quicken can’t import CSV files, the only exception being security prices or address book information.
Still, we wouldn’t say that it’s impossible to import Venmo transactions to Quicken, as there are fewer direct ways to do it.
So, keep reading to learn these industry secrets.
How to Import Your Venmo Transaction History?
When it comes to importing your Venmo transaction history, we can do this the easy way or the hard way. Of course, we’re totally joking, or are we? You see, you can import your transaction history as a:
1. CSV File
This is the easy way, which Venmo supports. All you have to do is use your computer (not the Venmo app) and follow the instructions below:
- Log into your Venmo profile.
- Go to the ‘Statement’ section.
- Use the data filters to view specific transaction files.
- Select ‘Download CSV.’
Note that you can only view and download the transactions for one month at a time. So, you’ll have to repeat these steps for each transaction file you want to import.
Of course, the downside of this method is that the downloaded CSV file isn’t compatible with Quicken. After all, Quicken can’t import Excel (.xls), CSV (unless it’s to import address book information or security prices), PDF, QuickBooks, or OFX files.
2. QIF File
If you’re a business owner, you probably want %100 of your business online, so a copy of your transaction history on your laptop won’t cut it, which takes us the hard way.
You download your transaction history as a CSV file (as explained above) and enlist the help of a third-party service or tool that can convert the CSV file into a QIF file or any file compatible with Quicken. This way, it can import it. Allow us to elaborate.
About its support of this extension, Quicken states that: “QIF import is available only for asset and liability accounts (including house and vehicle) and cash accounts.
If you have purchased Quicken Home & Business, you can use QIF to import transactions into accounts payable accounts and invoice accounts. QIF import is also available for any exported list, but the file you want to import the list into must already include a valid account.”
Accordingly, it isn’t available for saving, checking, credit card accounts, or other brokerage accounts. So, make sure that your account type enables you to import QIF files. Then, download the Venmo transaction history using the ‘Download CSV’ button as elaborated above.
To convert this CSV file into a QIF one, you can use an extension converter, such as quicknperlwiz, csvconverter.biz, or any tool of your choice. Such free online converters can do the trick, prepping your transaction history for its import to Quicken.
Finally, here’s how to import the file to Quicken:
- Create a copy of the QIF file on your hard disk (if you haven’t already).
- Choose ‘File menu.’
- Tap’ File Import’.
- Select ‘QIF file.’
- In the ‘Location of QIF file field,’ add a ‘\’ followed by the name of the import file after the existing path.
- Hit ‘Browse’ to choose a different location.
- In the ‘Quicken account to import into,’ select the account you want the QIF file in.
- Check the items you wish to have as part of the import process in ‘Include in import.’
- Tap ‘Next’ and follow the on-screen prompts.
Overall, it’s easy to download your Venmo transaction history with the ‘Download CSV’ button.
However, you’ll have to convert the file from the CSV to the QIF extension, as Quicken doesn’t support the former one. And you can use a free online converter to do that.
Last but not least, you can import the QIF file to Quicken as long as your account type supports that extension.