Important: A cloud backup is not automatically created when you back up your data file. Please note, a Quicken data file has the extension.QDF while a Quicken backup file has the extension.QDF-Backup (or quicken.backup in Mac).
This is a way to safeguard your records in case of computer failure or as a means of moving your data from one computer to another. When you back up your Quicken data, you preserve your financial information (including reports, passwords, accounts, and attachments).