I spent some time cleaning it and removing the extra transfer (I just set the appropriate account on one of the transactions and zeroed out the other one).

It wasn’t a seamless upgrade however – it couldn’t tell that the bracketed categories (which in Quicken are actually accounts) are actually meant to be account transfers, so it duplicated the transfers. On the final try everything came in and the balances looked sane. It turns out all you have to do (after exporting the QIF from Quicken) is to select a checkbox that says “Create Accounts for this file” while on the Open File for Import dialog box. I tried migrating from Quicken (2007 for Mac) 3 times, but it was my mistake for not checking the help file on how to do it. I have been using it for a little while now and here are my impressions. After my nightmare with Quicken I decided to try many different financial packages.