An alternative approach is to use QIF Wizard to extract QIF from your investment firm's transaction history web page and import that QIF into Quicken. Although recent versions of Quicken for the Macintosh have allowed investment transactions to be downloaded into Quicken, in many cases the downloads are incomplete and sometimes wrong. QIF Wizard also handles investment transactions. So, if you care about categorizing your Quicken transactions, you must go through each transaction you have just imported in Quicken, and add categories. The problem with this approach is that typically the bank has no way of assigning meaningful categories to the transactions. Many online banks and credit card companies allow you to download recent transactions (checks, deposits, credit card charges.) into a file in the Quicken Interchange Format (QIF), so that you can import these transactions into your Quicken account. QIF Wizard makes it easier to enter banking, credit card, and investment transactions into Quicken or other financial programs.
