01Start the New Year File Process
Before creating New Year file, it's imperative that you reconcile all accounts, otherwise all unreconciled transactions created before the date you specify for Quicken New Year file will not be split off.
Start the New Year File Process
- Click on the File menu, File Operations.
- Select Year End Copy.
- Select Start New Year and click OK.
02Set the File Name and Location
Enter a file name for the Year End Copy file. Don't include an extension (.QDF) because Quicken will automatically apply for the correct file extension. If you're not sure where to change the file name, then read the instructions for naming a Quicken archive file.
Lastly, click on the Browse button to change the file location from the default.
03Choose the Date for the New Year File
To specify the start date for the new file, either accept the Quicken default entry (January 1 of the last or, the current year) or change the date by either clicking in the date box and entering a new date or clicking on the calendar symbol to the right of the date box. Use the arrows on either side of the month in the calendar to navigate forward and back through the calendar. When you get to the month you want, just click on the day of the month that you want to select for your new Quicken data file, which is the file you will be using every day.
04Save and Check the Quicken New Year File
After the New Year file has been created, Quicken will ask you if you want to use the old file or the file for New Year. Remember, your previous data file is now the backup file, it's the old file. Next, select and click OK.
Check the registers in the New Year file to be sure that all old transactions have been removed according to your specifications in earlier steps in this tutorial. If you find that some transactions remain, it’s probably because of the previous year's transactions, or transactions up to the date you specified in the New Year File setup, where not reconciled. If this happens, you'll need to open the backup file (the old file), reconcile your accounts, and go through this tutorial again, starting with Step 1.
Learn to Use the Quicken New Year Command With These Easy Steps
This tutorial is for earlier versions of Quicken. If you have a newer version, creating the New Year feature has been replaced with Create a Year End Copy/Archive.
Once a Quicken New Year file is created, your current data file will include only transactions that occur after the date you specify (usually the first of the year) while retaining all investment and unreconciled transactions. If you use Quicken Home and Business, all unpaid transactions will be saved as well as invoices linked to payments that fall within the new date range.