This story is from the December 3, 2012 issue of Fortune. Jeff Bezos likes to read. Thatâs a dog-bites-man revelation if ever there was one, considering that Bezos is the cerebral founder and chief executive of a $100 billion empire built on books.
The Australian version of Quicken still allows the importing of QIF files for these account types, however, unlike the American version, it is not possible to export data to QIF or any other file type, for any account type. The QIF format does not allow a user to mark the currency in which a transaction was completed.
When Quicken downloads transactions, it guesses at what the spending categories should be if you don't have one or more categories set up for a payee. Setting up memorized payees makes manually entering transactions faster and ensures that the correct categories are associated with downloaded transactions.