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	<title>Comments on: Replacing Microsoft Money, Part 2: Quicken</title>
	<atom:link href="http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html/feed" rel="self" type="application/rss+xml" />
	<link>http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html</link>
	<description>like a friend telling you about money ...</description>
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		<title>By: BruceT</title>
		<link>http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html/comment-page-1#comment-4086</link>
		<dc:creator>BruceT</dc:creator>
		<pubDate>Wed, 02 Jun 2010 03:30:04 +0000</pubDate>
		<guid isPermaLink="false">http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html#comment-4086</guid>
		<description>I have just done the conversion from Money to Quicken with 20 years worth of data with about 50 accounts.  I&#039;m sure there are thousands, probably tens of thousands or transactions.  I also have bank accounts and investments in two currencies.

After all the reports I was pretty nervous about the conversion, but things went surprisingly well.  The only thing I had to do during the conversion was to manually set the exchange rate for all forex transactions (which is surprising because it should have had sufficient information to determine the rates.  But luckily I only had a couple dozen transactions.  I did have one hang during the import, but after I killed the program and reran it, it went through fine.

It is taking a bit of getting used to, and I have had to set up the old accounts to ignore in reports, etc.  However there are definitely some things I prefer about Quicken. 

Both products have annoyingly non-standard UI&#039;s, however I find Quicken&#039;s a bit more intuitive (especially after turning on Classic menus).  Also I prefer Quicken&#039;s reports, with its simple improvements like being able to drill down on a Net Worth graph to get a breakdown of the assets.  And the Money reconciliation used to drive me crazy by assuming that I only reconcile once a month, and setting the reconcile date to some future date rather than today.  This is much better in Quicken.  Of course on these things, it is all up to personal preference, and also how you use the product and which features are most important for you.

But there are two big losses in functionality for me.  The first is the ability to get quotes for foreign investments, which Money handled fine (things like BHP.AX).  The second is the automatic updating of foreign exchange rates.  Without these things, it makes tracking your daily gains and losses a real pain.  It is also frustrating that this has been requested for years and years, but Quicken has never added this simple functionality.

-Bruce</description>
		<content:encoded><![CDATA[<p>I have just done the conversion from Money to Quicken with 20 years worth of data with about 50 accounts.  I&#8217;m sure there are thousands, probably tens of thousands or transactions.  I also have bank accounts and investments in two currencies.</p>
<p>After all the reports I was pretty nervous about the conversion, but things went surprisingly well.  The only thing I had to do during the conversion was to manually set the exchange rate for all forex transactions (which is surprising because it should have had sufficient information to determine the rates.  But luckily I only had a couple dozen transactions.  I did have one hang during the import, but after I killed the program and reran it, it went through fine.</p>
<p>It is taking a bit of getting used to, and I have had to set up the old accounts to ignore in reports, etc.  However there are definitely some things I prefer about Quicken. </p>
<p>Both products have annoyingly non-standard UI&#8217;s, however I find Quicken&#8217;s a bit more intuitive (especially after turning on Classic menus).  Also I prefer Quicken&#8217;s reports, with its simple improvements like being able to drill down on a Net Worth graph to get a breakdown of the assets.  And the Money reconciliation used to drive me crazy by assuming that I only reconcile once a month, and setting the reconcile date to some future date rather than today.  This is much better in Quicken.  Of course on these things, it is all up to personal preference, and also how you use the product and which features are most important for you.</p>
<p>But there are two big losses in functionality for me.  The first is the ability to get quotes for foreign investments, which Money handled fine (things like BHP.AX).  The second is the automatic updating of foreign exchange rates.  Without these things, it makes tracking your daily gains and losses a real pain.  It is also frustrating that this has been requested for years and years, but Quicken has never added this simple functionality.</p>
<p>-Bruce</p>
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		<title>By: mark</title>
		<link>http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html/comment-page-1#comment-2964</link>
		<dc:creator>mark</dc:creator>
		<pubDate>Mon, 30 Nov 2009 03:13:24 +0000</pubDate>
		<guid isPermaLink="false">http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html#comment-2964</guid>
		<description>I left quicken after years of using their product when their support people suggested MS-Money. Quicken would not talk to me about a printing problem because I did no purchase my checks from them. So after giving them my money for so long, I took their advice and switched to Microsoft Money... unlike a lot of people I appreciate that Microsoft helped computer users. I remember when each sound card, video card etc only kinda worked on the hardware I had. But back to the issue.

Has anyone asked Microsoft to turn MSmoney over to the support team, sell it for a $1. to them or something. Its been a good product, not perfect. But I keep hoping someone will convince MS to let them take the product and run with it. I don&#039;t see a downside to Microsoft.

I have 15 trust, 4 businesses and several personal accounts all in separate MSMoney Logon on&#039;s (Uncle Sam(IRS) has this thing about co mingled files) . Lots and lots of sub accounts in each MS Money file... but I would go back to paper before going back to quicken. Bad product, Bad support and the most attitude of any software company; much worse support than any MS product.

So the Gnu or Moneydance will both get a trial run to see how they do... I like features of both.</description>
		<content:encoded><![CDATA[<p>I left quicken after years of using their product when their support people suggested MS-Money. Quicken would not talk to me about a printing problem because I did no purchase my checks from them. So after giving them my money for so long, I took their advice and switched to Microsoft Money&#8230; unlike a lot of people I appreciate that Microsoft helped computer users. I remember when each sound card, video card etc only kinda worked on the hardware I had. But back to the issue.</p>
<p>Has anyone asked Microsoft to turn MSmoney over to the support team, sell it for a $1. to them or something. Its been a good product, not perfect. But I keep hoping someone will convince MS to let them take the product and run with it. I don&#8217;t see a downside to Microsoft.</p>
<p>I have 15 trust, 4 businesses and several personal accounts all in separate MSMoney Logon on&#8217;s (Uncle Sam(IRS) has this thing about co mingled files) . Lots and lots of sub accounts in each MS Money file&#8230; but I would go back to paper before going back to quicken. Bad product, Bad support and the most attitude of any software company; much worse support than any MS product.</p>
<p>So the Gnu or Moneydance will both get a trial run to see how they do&#8230; I like features of both.</p>
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		<title>By: Jennifer</title>
		<link>http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html/comment-page-1#comment-2921</link>
		<dc:creator>Jennifer</dc:creator>
		<pubDate>Sat, 14 Nov 2009 12:39:31 +0000</pubDate>
		<guid isPermaLink="false">http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html#comment-2921</guid>
		<description>Thank you very much for this info and for your research! I have only just discovered that Money is not going to be supported by Microsoft any longer having just renewed my PC and I only found this out when I failed to be able to transfer all my data on to my new machine - sooooo frustrating.

I will now look at Quicken as an alternative solution but it seems as if I will need to buy a version between 2004 and 2008 in order for the data to transfer properly and all 2008 versions are currently out of stock on Amazon!

Aaaaah - will I ever resolve this?  :o)

Thanks anyway for all this info - much appreciated!

Jennifer</description>
		<content:encoded><![CDATA[<p>Thank you very much for this info and for your research! I have only just discovered that Money is not going to be supported by Microsoft any longer having just renewed my PC and I only found this out when I failed to be able to transfer all my data on to my new machine &#8211; sooooo frustrating.</p>
<p>I will now look at Quicken as an alternative solution but it seems as if I will need to buy a version between 2004 and 2008 in order for the data to transfer properly and all 2008 versions are currently out of stock on Amazon!</p>
<p>Aaaaah &#8211; will I ever resolve this?  <img src='http://thefinancebuff.com/wordpress/wp-includes/images/smilies/icon_surprised.gif' alt=':o' class='wp-smiley' /> )</p>
<p>Thanks anyway for all this info &#8211; much appreciated!</p>
<p>Jennifer</p>
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		<title>By: Donald Sterling</title>
		<link>http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html/comment-page-1#comment-2831</link>
		<dc:creator>Donald Sterling</dc:creator>
		<pubDate>Wed, 28 Oct 2009 11:59:45 +0000</pubDate>
		<guid isPermaLink="false">http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html#comment-2831</guid>
		<description>I am just a typical home user using MS Money to keep up with bills, transfers, and deposits and find this much harder in Quicken.  Am learning slowly since I figure MS Money will quit working soon due to changing hardware and opeating systems.  Have tried a few of the other &#039;suggested replacements&#039; and find most to be lacking in areas I use daily.  Quicken will most likely be the one I use the most after I turn off a few of the features.  Too bad Microsoft doesn&#039;t appear to appreciate the everyday user.</description>
		<content:encoded><![CDATA[<p>I am just a typical home user using MS Money to keep up with bills, transfers, and deposits and find this much harder in Quicken.  Am learning slowly since I figure MS Money will quit working soon due to changing hardware and opeating systems.  Have tried a few of the other &#8217;suggested replacements&#8217; and find most to be lacking in areas I use daily.  Quicken will most likely be the one I use the most after I turn off a few of the features.  Too bad Microsoft doesn&#8217;t appear to appreciate the everyday user.</p>
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		<title>By: RobertSeattle</title>
		<link>http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html/comment-page-1#comment-2637</link>
		<dc:creator>RobertSeattle</dc:creator>
		<pubDate>Fri, 04 Sep 2009 15:48:05 +0000</pubDate>
		<guid isPermaLink="false">http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html#comment-2637</guid>
		<description>One incredibily annoying thing about Quicken (US Version) is that it won&#039;t let me import Quicken data from a Canadian financial institution.  I guess the geniuses at Intuit think I should run the USA version of Quicken and a Canadian version of Quicken on the same machine.</description>
		<content:encoded><![CDATA[<p>One incredibily annoying thing about Quicken (US Version) is that it won&#8217;t let me import Quicken data from a Canadian financial institution.  I guess the geniuses at Intuit think I should run the USA version of Quicken and a Canadian version of Quicken on the same machine.</p>
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		<title>By: Raghu</title>
		<link>http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html/comment-page-1#comment-2615</link>
		<dc:creator>Raghu</dc:creator>
		<pubDate>Sat, 29 Aug 2009 21:46:57 +0000</pubDate>
		<guid isPermaLink="false">http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html#comment-2615</guid>
		<description>I was looking to get into Quicken. It would cost $9.95 per month to use Direct Connect with Bank of America. It&#039;s not wort spending that money, when Minit.com, Yodle, Quicken Online give that for free.</description>
		<content:encoded><![CDATA[<p>I was looking to get into Quicken. It would cost $9.95 per month to use Direct Connect with Bank of America. It&#8217;s not wort spending that money, when Minit.com, Yodle, Quicken Online give that for free.</p>
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		<title>By: TFB</title>
		<link>http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html/comment-page-1#comment-2602</link>
		<dc:creator>TFB</dc:creator>
		<pubDate>Wed, 26 Aug 2009 03:52:08 +0000</pubDate>
		<guid isPermaLink="false">http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html#comment-2602</guid>
		<description>TIE - If you only want to post projected transactions automatically on a schedule, these applications can all do that. I think you will like GnuCash. It&#039;s clean, flexible, and free. The review will be up tomorrow.</description>
		<content:encoded><![CDATA[<p>TIE &#8211; If you only want to post projected transactions automatically on a schedule, these applications can all do that. I think you will like GnuCash. It&#8217;s clean, flexible, and free. The review will be up tomorrow.</p>
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		<title>By: TFB</title>
		<link>http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html/comment-page-1#comment-2597</link>
		<dc:creator>TFB</dc:creator>
		<pubDate>Wed, 26 Aug 2009 00:40:48 +0000</pubDate>
		<guid isPermaLink="false">http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html#comment-2597</guid>
		<description>Thank you for the comments about online services. Please see my &lt;a href=&quot;http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-1-requirements.html/comment-page-1#comment-2596&quot; rel=&quot;nofollow&quot;&gt;reply&lt;/a&gt; in the comments to the previous post.</description>
		<content:encoded><![CDATA[<p>Thank you for the comments about online services. Please see my <a href="http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-1-requirements.html/comment-page-1#comment-2596" rel="nofollow">reply</a> in the comments to the previous post.</p>
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		<title>By: TH</title>
		<link>http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html/comment-page-1#comment-2592</link>
		<dc:creator>TH</dc:creator>
		<pubDate>Tue, 25 Aug 2009 20:07:12 +0000</pubDate>
		<guid isPermaLink="false">http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html#comment-2592</guid>
		<description>pop, I&#039;m with you .  I threw out Quicken after a few weeks of mint.com. There&#039;s no compelling reason to be old school about where the data is kept, given Mint&#039;s privacy policies:
*  Bank-level security for data.  If they aren&#039;t safe, neither is your bank.
* You can&#039;t move money
* You register anonymously</description>
		<content:encoded><![CDATA[<p>pop, I&#8217;m with you .  I threw out Quicken after a few weeks of mint.com. There&#8217;s no compelling reason to be old school about where the data is kept, given Mint&#8217;s privacy policies:<br />
*  Bank-level security for data.  If they aren&#8217;t safe, neither is your bank.<br />
* You can&#8217;t move money<br />
* You register anonymously</p>
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		<title>By: TFB</title>
		<link>http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html/comment-page-1#comment-2591</link>
		<dc:creator>TFB</dc:creator>
		<pubDate>Tue, 25 Aug 2009 19:35:44 +0000</pubDate>
		<guid isPermaLink="false">http://thefinancebuff.com/2009/08/replacing-microsoft-money-part-2-quicken.html#comment-2591</guid>
		<description>Frank - Sorry for not giving so much of a review. Intuit does not give a free trial for Quicken unless you pay and then ask for a refund. Quicken has been around for so long and it&#039;s been written up so many times in books and magazines everywhere. I will not be able to add anything beyond what others already wrote, except for saying I *don&#039;t want to* use Quicken unless I have to, because Intuit&#039;s sunset policy is the same as Microsoft&#039;s.</description>
		<content:encoded><![CDATA[<p>Frank &#8211; Sorry for not giving so much of a review. Intuit does not give a free trial for Quicken unless you pay and then ask for a refund. Quicken has been around for so long and it&#8217;s been written up so many times in books and magazines everywhere. I will not be able to add anything beyond what others already wrote, except for saying I *don&#8217;t want to* use Quicken unless I have to, because Intuit&#8217;s sunset policy is the same as Microsoft&#8217;s.</p>
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