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 How to Upgrade from BankTree Personal Finance 2.0 to 3.0


How to Upgrade from BankTree Personal Finance 2.0 to 3.0

Before the upgrade in BankTree Personal Finance 2.0

  1. If you do not have access to BankTree Personal Finance 2.0 skip to The upgrade
  2. You will need to delete any future schedule transactions that are not required.
  3. You will need to set the schedule start date to the next schedule payment date (you can also do this after the upgrade in v3).
  4. Take a note of the data file location and name this is shown in the application title bar. It is required when you update the data files.
  5. The upgrade process allows both versions of the software to run side by side and will leave the original BankTree Personal Finance 2.0 data file intact.

The upgrade

  1. After installing BankTree Personal Finance 3.0
  2. Using Windows Explorer copy all your v2 data files from c:\My Documents\BankTree 2.0 To the new location c:\My Documents\BankTree 3.0
  3. Please use the location for where your existing files are, this is what you noted down in step 3, above
  4. Run BankTree Personal Finance 3.0 and go to the File menu and select Open. You can now select your original data files, this will be converted to v3.
  5. Please note you will be shown the default location this is c:\My Documents\BankTree 3.0 and it will contain your v2 data files that you copied above.

If you have a backup taken from v2.0 you can not restore this using the File > Restore backup you must use the  File > Open facility.

Account opening balance - this will be converted to an 'Opening balance adjustment' added as a reconciled transaction and inserted as the initial record in each account with an opening balance.

How to hide closed accounts

  • Right click on the accounts bar (the accounts bar is on the left and lists all your accounts).
  • You can also right click on the tab next to the accounts bar (which is used to hide/show the accounts bar).
  • Select 'show closed accounts' if this is selected it will become unselected.

Enter records from the last row (as opposed to entering them from the first row)

  • Right click accounts bar and un-select the option 'First line entry'
  • You can put the latest transactions at the top or bottom be clicking on the date column header

The import will create a single investment called 'Imported Investments' and a linked cash account. This will hold all of your shares. If you have previously used multiple brokerage accounts (which will now be shown as cash accounts) which hold various shares, you can separate these as individual investment accounts.

  • For each of your brokerage accounts create a new investment account (You will need to give these a different name than the existing brokerage cash account)
  • Go into the imported investments account and select all the investment transactions for each of the brokerage accounts. Then go to the edit transactions button and select move to account - selecting your new investment account. Do this for all brokerage accounts.
  • Now go into the brokerage cash account and similarly select all the transactions and move them to the newly created investment-cash account. Do this for all brokerage accounts.
  • This will allow you to see the account value over each brokerage account
  • To see the full portfolio value you can use the portfolio report Reinvestment investment transactions; These no longer have a cash value as reinvestments are for shares only and hence do not have a dividend value. You would therefore need to amend the existing reinvestment so the total value reflects the reinvested shares only, and create a separate dividend transaction.

If you get the message the transfer file was incorrect or missing; the version 2.0 data file will not be upgraded and instead the sample data is created.

  • You will need to check the version 2.0 data file you are trying to upgrade will open correctly in BankTree personal finance version 2.0 before proceeding with the  upgrade. (The error message is due to a missing transfer file, this could be because the data file was produced on a different computer and does not contain the transfer file - in which case create the backup in v2 on the other computer again, or you have a transfer file which is corrupted, in which case delete the transfer file).
  • The transfer file has a .tfr file extension and needs to be in the same folder as the data file with the same file name for example banktree.dat (data file) and banktree.tfr (transfer file).

BankTree personal finance 3.0 is not a free upgrade and will give you a 30-day free trial with your existing BankTree Personal finance 2.0 data. To purchase the software click on Buy Now to make a purchase.

As part of our effort to continue to support the latest version of our software, as from 24th December 2014, support for BankTree Personal Finance version 2.0 will only be available by raising a premium support ticket. To help users migrate to our latest version 3.0.


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