Once a Quicken New Year file is created, your current Quicken data file will include only transactions that occur after the date you specify (usually the first of the year), retaining all investment and unreconciled transactions. If you use Quicken Home & Business and your file contains invoice or receivable transactions, all unpaid transactions are saved as well as invoices linked to payments that fall within the new date range specified for the data file.
Before creating Quicken New Year file, you must reconcile all accounts. If you fail to do so, all unreconciled transactions created before the date you specify for the Quicken New Year file will be in that file and not split off into the backup file.
