Along with ending sales of the product Microsoft will end support of the
direct download of transactions from financial institutions on January 31,
2011. An announcement to this effect will be posted on Microsoft’s web site
tomorrow.
Has anybody else heard this?
(My apologies if this was covered elsewhere)
I can't say I'm all that surprised. DAE
I think this is news (if true). Until now, Microsoft's public message
has been vague. They have stated that there will be no more sales of
boxed software, only downloads from the net. Also, no more scheduled
annual updates to the product. Future updates "to be determined."
All along I have believed that Microsoft is full of shit. They could
have just stated the truth: the product is going to die. What tiny
advantage have they secured for their company by being dishonest?
Anyway, thanks for the info. I will be looking for confirmation of this.
--
David Arnstein (00)
arnstei...@pobox.com {{ }}
^^
On Jun 10, 1:12 pm, Randy C. Austin
I just ordered Quicken Premier 2009, and it hurt. I switched from
Quicken to Money several years ago, and I was pleased with the change.
It's a bad feeling, going backwards like this.
I'm somewhat surprised. But more so I'm hugely disappointed.
Microsoft did a good job over the past 15+ years, to advance personal finance
managers to get to where we are today. Look at OFX (www.ofx.net) as one
example. What they accomplished is worthy of praise, even though we bitch and
moan about a lot of little things on here.
I read a long time ago that PFMs were a personal pet project of Bill Gates.
He's moved on, and now the software is discontinued. Coincidence?
I'd like to think this is not the end of something, it really creates openings
for the other various players to advance their offerings.
I'm sure others will speak up.
How "easy" is it to import transactions from Microsoft Money into
Quicken 2009 please?
Actually I came to this group hoping you Money gurus would have a suggestion
for something better than Quicken, which is unfortunately the only other
personal accounting app I've heard of.
"SPP" wrote in message news:7h90359835tiflgm9...@4ax.com...
Just read MSFT's announcement: http://www.microsoft.com/money/default.mspx
According to the announcement, Money Plus cannot be activated after
1/31/2011. That means that the program is dead if you must change computers
or reinstall the software at any time after 1/31/2011!
I need Money forever. Our financial records are crucial. If my computer
fails or otherwise needs replacement after 1/31/2011 I can never use Money
Plus again. That is a disaster. How am I supposed to continue to have
access to our financial records if the program cannot be reinstalled and
activated on a new computer?
Something must be done to force MSFT to remove the activation requirement so
users can continue to use the program indefinitely.
Switching to Quicken is not an option. Last time I checked Quicken could
not import Money files. My data goes back to 1980 and I frequently use and
refer to that old data.
Any ideas on how to protect ourselves.
Regards
Bill Wood
I surely will be posting more on these subjects and will probably at some
point update the Money(next) page on my site. I have spent a considerable
amount of mental energy and Access code over the last several years working
on data migration strategies. I can't say as I have any good ideas or
solutions. Perhaps--thinking out loud--we need a Wiki or something to develop
a community body of knowledge about how to extract our financial lives from
Micrososft Money.
It is shocking to think that we are essentially losing technology here.
(Think Concorde or building stonehenges or pyramids here.) I haven't seen a
replacement--besides Q and it's not in much better shape and has all of the
data migration problems--that can do the few simple things I do with Money
that are integral to my financial life at this point. And long time readers
know that this doesn't include any of the online services besides quotes
download. (Oh, and Activation!)
"William R Wood" wrote:
> I need Money forever. Our financial records are crucial. If my computer
> fails or otherwise needs replacement after 1/31/2011 I can never use Money
> Plus again. That is a disaster. How am I supposed to continue to have
> access to our financial records if the program cannot be reinstalled and
> activated on a new computer?
>
> Something must be done to force MSFT to remove the activation requirement so
> users can continue to use the program indefinitely.
...
It's easy...if you don't mind not having all of your data when you're
done!
If you've got a simple checkbook, it should work. Any complexity,
like portfolios, detailed budgets, reports, loans, etc often end up
screwed up.
I will be pleased to post my experience here, after I roll up my sleeves
and get to work.
I have a theory that with each new (annual) version of Quicken, the
"import" process will become less accurate. So I made my purchase
today. I also expect Intuit (publishers of Quicken) to become even
more arrogant than they are today. You have problems? Tough skittles!
We have a monopoly now!
My only "import" experience so far is going from Quicken to Money.
That required a lot of work.
Hey David...Scott from Quicken here.
We're working directly with the folks at Microsoft...to help develop a
file conversion process that will help Money customers more easily
convert their existing data files to Quicken. Both Intuit and
Microsoft hope this will be ready to go for the new release of Quicken
this fall.
Hope to change your mind about us at Intuit being "arrogant." Let me
know what I can do to help.
Thanks,
Scott
The problem with this class of software products is that it is losing
ground to web based products like mint.com and MSN Money. I don't know
how popular these sites are with users. I do know that Microsoft (and
others) love the web sites, because they are yet another way to sell
advertising.
The remaining _software_ (as opposed to web based) products that I know
of are
Money Dance:
Multi-platform, and based on Java. The web pile looks pretty slick. It
looks like it has more than one employee, for what it's worth.
Ace Money:
I can't tell if this is a one man shop, or what.
GNUcash:
Open source, community project. Multi-platform.
All three are under active development and support. Unfortunately, I
don't know if any of these are good enough to trust your data with.
All three have a long
Oops. I think I just wasted my money buying Quicken 2009. Would you
care to speculate on what kind of experience I would have converting
my data from Money Plus Premium (the latest and final version) to
Quicken 2009 Premier?
By the way, thanks for your response here on m.p.m. I appreciate it.
Apart from the activation problem, Microsoft does not provide
downloads of program updates. So even if you succeed in installing
Money from a CD, you will be stuck with the initial, unpatched version
of the program.
>Switching to Quicken is not an option. Last time I checked Quicken could
>not import Money files. My data goes back to 1980 and I frequently use and
>refer to that old data.
OH HELL. I just bought Quicken 2009, the most expensive version too. I
just wasted my money, I think.
Regards
Bill Wood
Ironically, the reason I decided to switch from Quicken to Money was
that it was becoming more difficult to get my own data in and out of
Quicken. Successive annual updates to Quicken kept adding restrictions
to the import/export features of the program.
The final irony would occur if the Quicken product vanishes after I
switch back to it. This is a possibility too. The same market forces
that caused Microsoft to lose interest in Money (the product, not the
currency obviously!) apply to Intuit/Quicken.
I am giving serious thought to GNUcash, the open source program. It is
not a matter of cost, it is a matter of maintaining control over the
data that I have spent years typing in.
One way to "deal" with the problem of keeping the mythic 1/31/2011
activation running indefinitely: install it in a WinXP VHD in the Win7 VPC
environment. Then al you have to manage to do is keep that VHD running on
some VPC platform. I.e., you can move the VPC to new real PC hardware. This
also addresses the issue of lack of service downloads to installs made after
they pull the plug on the updates. (IIRC, there has been one or maybe two
service updates to M+. That's more than for M07/06 which each, IIRC, had
none.)
The REALLY LOW BLOW of not providing a wedge to eliminate the activation
requirements for M+ users is that the M02 and M04 an M98 users don't have
any such problem. So those of us who tried to keep the faith get
differentially screwed.
"William R Wood" <w.w...@cox.net> wrote in message
news:G2WXl.43026$Mf7....@newsfe16.iad...
More precisely, from
https://quicken.custhelp.com/cgi-bin/quicken.cfg/php/enduser/std_adp.php?p_faqid=5521:
"Money 2008 files with more than 10,000 transactions will not
currently convert to Quicken. Product development is currently aware
of this issue and is working to resolve it."
If you have been using MS Money for any number of years, then you have
more than 10,000 transactions.
Now I know for certain that I wasted my money buying Quicken 2009.
This move by MSFT is worse than low, it is evil, malicious and utterly
disregards the interests of customers.
Regards,
Bill Wood
"Dick Watson" <littlegr...@mind-enufalready-spring.com> wrote in
message news:OpjuIii6...@TK2MSFTNGP06.phx.gbl...
> Some more thoughts I had while driving home from work:
>
>
"Doug Edwards" <DougE...@discussions.microsoft.com> wrote in message
news:84D320D6-2FAD-400A...@microsoft.com...
> ---
> avast! Antivirus: Inbound message clean.
> Virus Database (VPS): 090610-0, 06/10/2009
> Tested on: 06/10/2009 08:50:58 PM
> avast! - copyright (c) 1988-2009 ALWIL Software.
> http://www.avast.com
>
>
>
"William R Wood" <w.w...@cox.net> wrote in message
news:E6YXl.4243$mX2...@newsfe05.iad...
Hope we make out better than that, however.
Regards
Bill Wood
"Fuzzy John�" <jo...@noemail.com> wrote in message
news:u3o%23P6i6J...@TK2MSFTNGP02.phx.gbl...
I'm very disappointed. Back in late 2007 we started speculating about
the possibility of Money discontinuing and so I did a migration to
Quicken for comparison back at that time. I have been keeping Quicken
up to date as a backup plan for this very reason but can say without a
doubt that I still prefer Money by a wide margin. Below is a post
that I made back in 07 describing my experience in migrating my data
to Quicken. It takes some time but is do-able even with a large
file. Unfortunately, I still don't like the product compared to
Money.
----
> I too would have assumed one could move data from say Quicken 2004 to
> Quicken 2008 or later, but perhaps not except via QFX export. Anyone?
> Dick raises the possibility that MS would more formally give up on Money.
> If not, none of this concern about potentially having to move to Quicken is
> warranted.
> Would MS just stop making it? More likely they would sell it, which could
> be good, depending on the buyer. Dick thinks they lose money on it.
This thread led me to take another look at Quicken. This is a short
report on my findings.
As a quick history, I switched from Quicken to Money around 2001 as I
liked the Portfolio Manager and especially the Lifetime Planner.
I've
been with Money since and have upgraded every year.
In 2005, I took another look at Quicken (Quicken Premier 2005) as I
was very disappointed with severe problems in Money 2005. I didn't
want to give up on Money since there was much I still liked and so
for
a period I kept my finances up to date in both Money and Quicken.
Money fixed many of the problems introduced in 2005 over the coming
years and the more recent versions seem to be fairly stable. While I
know that the product still has many flaws that have been reported
here, I still find it to be very useful and do not find the flaws to
interfere with my everyday use of the product. I am able to analyze
my various portfolios, track their progress, and plan for retirement
using the Lifetime Planner. I'm able to pay my bills through MSN
Bill
Pay without ever experiencing a problem and download my credit card
transactions directly from the providers. In the few rare cases
where
I am unable to download from direct connect, I am able to import a
qif
file from the provider.
This thread led me to take another look at Quicken mostly because of
the discussion about what would we all do if Money were no longer
supported. I figured it might be prudent to update my last version
of
my Quicken file. I was able to do so with about 5 hours of work. I
was using Quicken 06 and so could not import qif files to bring my
credit cards and investments up to date. I did find that I could
create a cash account and import the credit card qifs that I exported
from Money and then just transfer the transactions to the given
credit
card account. This procedure did not work with investments however
and so where I was unable to get data from the provider, I had to
manually enter.
I now have a Quicken file up to date with my Money file and can
compare. I've also upgraded Quicken to Quicken 08 Premier through
the
trial download. What I've found has very much confirmed my earlier
decision to go with Money. Here are the major disappointments with
Quicken from my perspective:
1. The Quicken Retirement Planner is nowhere near as complete or
robust as the Money Lifetime Planner. Neither product has updated
this feature in awhile but Money continues to outshine Quicken here.
2. Data issues. I've found numerous problems with reports in
Quicken. It's possible that I've introduced some errors in updating
my file, but they are very strange. For example, Quicken reports
that
I have a negative balance in a brokerage account in a portfolio graph
on the homepage but in the account view, it correctly reports my
balance. I tried validating the file (equivalent of Money repair) to
no avail. (Jun 2009 update: these problems turned out to be data
issues that needed to be corrected in investments).
3. Import/export. This is a severe limitation in my opinion.
Quicken does not import qif any longer. I think the current version
even took away the workaround I performed in my 06 version of using a
cash account to import credit card transactions. My wife's 403(b)
account only provides qif download and so Money can import while
Quicken cannot. The real lunacy is that if you want to export
transactions in Quicken, the only choice is qif. Why on earth would
they only allow qif export, but exclude qif import other than because
they are trying to extort the data providers? (June 2009 update:
There is a workaround to this that folks have posted on the internet.
It involves making changes to a .qif file's header. A google search
should yield some results.)
Jeff
"Fuzzy John�" <jo...@noemail.com> wrote in message
news:e73qa7i6...@TK2MSFTNGP03.phx.gbl...
"Fuzzy John�" <jo...@noemail.com> wrote in message
news:e73qa7i6...@TK2MSFTNGP03.phx.gbl...
-Kevin
"Kevin" <nos...@nospam.com> wrote in message
news:eAOMEkj6...@TK2MSFTNGP03.phx.gbl...
"Dick Watson" <littlegr...@mind-enufalready-spring.com> wrote in
message news:OzQW4wj6...@TK2MSFTNGP02.phx.gbl...
Although Money isn't perfect, it at least gets closer to using basic
accounting 101 and if you are creative and have a decent grasp of at least
the concept of debits and credits, you can be quite successful in getting
Money to function as a comprehensive, albeit simple, accounting & financial
reporting system. Money was the one personal financial software that I'm
aware of that allowed you to stop preparing comprehensive balance sheets,
income statements etc on separate excel worksheets if you wanted to because
if you're diligent about what you input, the Money statments were generally
more than satisfactory.
Heck in addtion to my own personal finances, I actuallly use Money for the
accounting system for 15-unit condo HOA and could easily make it work for
much larger associations. I've also used it as the inital accounting system
for business start-ups.
The section in Microsoft's press release that states something to the effect
that "all this information is readily available by brokerages and banks on
their websites...and so there is really no need for Money anymore" seriously
overstates their argument to discontinue Money and I think, at least for me,
misses the entire point of why I use money. The online stuff is the least of
what I use it for and in addition there are quite a few situations where
brokerages don't track important stuff unless you supply it to them.
So where is this magical bank or brokerage website, that has all the detail
on all my assets and liabilites, all my purchases, all my revenue, all my
investments, all my lending relationships, all my personal belongings and all
my everything else you can think of and presents it in a comprehensive
fashion........especially when you've used over the years and currently do
use numerous diffferent banks, brokerages, lenders etc. And when my house
burns down, will I be able to go to this magical online website and print out
my inventory report of all the stuff I just lost, where I bought it, when and
for how much? I think not. Microsoft is full of crap with this "its all
online these days" statement, except for the one person that uses a single
finanical instituion for everything and always has used that single finacial
instituion for every single source of revenue and every single expenditure
they've made. Who do you know that has that kind of set up? Heck even a
young college student probably has 5 or 6 different finanical relationships
through which passes all their finanical life.
WHY IN THE WORLD would I ever want to put my personal finance software in
one central place on the internet? I don't have a problem going and fetching
statements or whathaveyou, but I certainly don't want a single source online
that knows everything I do. That's where this program fits the bill at home.
I refuse to use online services for money "management" for security reasons.
I also run a business through this software...great....now more stuff to
waste my time when I should be productive. This is not going to help me or
thousands of others who have counted on this program to shine as it has.
Horrible, horrible decision making here. Some people should be fired for
doing this.
"Claus DuBois" <Claus...@discussions.microsoft.com> wrote in message
news:C068D474-5E06-40BB...@microsoft.com...
>My current license expires Sept, 2009.
>Is buying another license now to extend it until the Jan 31, 2011 a
>possibility?
Yes.
"Paul" <Pa...@discussions.microsoft.com> wrote in message
news:247E832C-B2C8-4B90...@microsoft.com...
> This is the worst news I think I've ever heard from Microsoft. What's
> next
> Streets & Trips?
Somewhere I thought I'd read that it was also on the block if not already
chopped.
> (at least I'm not storing much data in that format) Anyways,
> I have spent over a decade building my database with this program. I
> would
> never go forward without this kind of software helping me manage
> everything.
"This kind of sfotware" is a pretty small set.
> WHY IN THE WORLD would I ever want to put my personal finance software in
> one central place on the internet? I don't have a problem going and
> fetching
> statements or whathaveyou, but I certainly don't want a single source
> online
> that knows everything I do. That's where this program fits the bill at
> home.
> I refuse to use online services for money "management" for security
> reasons.
There also is the issue of the online services not providing the data
maangement and anlaytics that Money provides.
> Horrible, horrible decision making here. Some people should be fired for
> doing this.
I suspect after two decades without making a decent return on investment,
the person who decided to finally put it out of Microsoft's misery will be
promoted, not fired.
"G. Rig" <GR...@discussions.microsoft.com> wrote in message
news:9D592FED-3BBA-4294...@microsoft.com...
>A friend of mine just got an email from Microsoft stating that they will quit
>selling their Microsoft Money program at the end of this month (June 30, 2009
>will be the last day the product is sold).
>
>Along with ending sales of the product Microsoft will end support of the
>direct download of transactions from financial institutions on January 31,
>2011. An announcement to this effect will be posted on Microsoft�s web site
>tomorrow.
>
>Has anybody else heard this?
>
>(My apologies if this was covered elsewhere)
>
Was this, by any chance, the result of some kind of copyright or
patent infringement suit between Quicken and MS? What I'm trying to
figure out is why MS just threw in the towel and quit, leaving all us
long-time users of MS Money in limbo. This makes me wonder if the
whole MS system is on the verge of collapse. Maybe I should consider a
MAC and get out before all hell breaks loose.
Streets & Trips did a stall-out last year causing me to switch over to
DeLorme Street Atlas 2009. This wasn't a really severe problem, since
it didn't involve any file transfers. Gordon
This statement on your website is ridiculous: "The category of
personal financial-management software has changed considerably in the
17 years since Money was first established. As more users shift their
attention to full-service offerings provided by banks and brokerages,
demand for a comprehensive personal finance toolset has declined."
There are no "full-service offerings provided by banks and brokerages"
which replace the functionality of Money. If you want to discontinue a
product, just say so. Don't give us this BS.
I'm ready to get my $5 class action check.
In general, home users don't want to pay (and are just as happy or happier
to steal) and don't want to upgrade--many users are still happily using M95
which, incidentally, won't fail to activate when they reinstall it on
February 1, 2011--and consume endless amounts of very expensive support
resources. Even home users who are willing to pay don't want to pay more than
$50 or so.
In specific, the market for PFM software has never turned into what they all
hoped for way back when and the competition with the banks for access to the
customer's eyeballs hasn't helped. Most prospective home computer users say
they want to use the thing to "manage their finances". When they own one, it
turns out to be just too hard.
I don't suspect Microsoft has ever made a profit on Money. At one point I
had found an Intuit 10k filing that said that among their product lines,
Quicken was by far the least profitable. And they have 80% of the market
share. They give it away as a loss leader to attract people to TurboTax and
their other offerings like loan services.
downside: apparently, it will only be compatible with Quicken 2010.
This does not help Microsoft's reputation. It is one of the only reasons I
need to run windows. I have already converted to a Mac (use parallel software
to run Vista) and now I will be forced to convert to another money program.
You can be sure it will not be an application that runs on Windows!
I will definitely look at Quicken as I already use Quicken Books and Tax
software for my company. I hope they come up with a good conversion program
as in conversion software and a discount to Money users. It could very
quickly increase their market share in this arena. Just don't forget about
the mac users :-)
"Ed Hansberry, MS-MVP/Mobile Devices" wrote:
> Scott Gulbransen <sgulb...@gmail.com> wrote:
>
> >We're working directly with the folks at Microsoft...to help develop a
> >file conversion process that will help Money customers more easily
> >convert their existing data files to Quicken. Both Intuit and
> >Microsoft hope this will be ready to go for the new release of Quicken
> >this fall.
>
> Good to hear Scott. I've been a Money user since Money 95 and
> upgraded every year. I hate to see Money go. I've looked at
> Quicken over the years but always been afraid of the conversion
> process so never bothered.
>
> I hope your team is looking at a very robust conversion for Money
> Plus users. Where can we keep apprised of your progress? Is there
> a public forum you or someone else from Quicken participates in?
> --
> __________________________________________________________________________________
> Ed Hansberry (Please do *NOT* email me. Post here for the benefit of all)
> What is on my Pocket PC? http://www.ehansberry.com/
> Microsoft MVP - Mobile Devices www.pocketpc.com
> What is an MVP? - http://mvp.support.microsoft.com/
>
I have no personal experience with Quicken for the Mac; but I have lots of
second-hand information (public posts from users) that Quicken for the Mac
is not a very good product, and definitely not in the same class as
Quicken for Windows. No one I know of, who has used both products,
disagrees.
You might want to reconsider your reluctance to use a Windows product.
--
John Pollard
Scott I will make the switch NOW…put out a discount offer to switch and I am
there.
"Scott Gulbransen" wrote:
> On Jun 10, 4:20 pm, arnst...@panix.com (David Arnstein) wrote:
> > In article <7h90359835tiflgm9gei95hpiqi6k49...@4ax.com>, <SPP> wrote:
> >
> > >How "easy" is it to import transactions from Microsoft Money into
> > >Quicken 2009 please?
> >
> > I will be pleased to post my experience here, after I roll up my sleeves
> > and get to work.
> >
> > I have a theory that with each new (annual) version of Quicken, the
> > "import" process will become less accurate. So I made my purchase
> > today. I also expect Intuit (publishers of Quicken) to become even
> > more arrogant than they are today. You have problems? Tough skittles!
> > We have a monopoly now!
> >
> > My only "import" experience so far is going from Quicken to Money.
> > That required a lot of work.
> > --
> > David Arnstein (00)
> > arnstein+use...@pobox.com {{ }}
> > ^^
>
> Hey David...Scott from Quicken here.
>
> We're working directly with the folks at Microsoft...to help develop a
> file conversion process that will help Money customers more easily
> convert their existing data files to Quicken. Both Intuit and
> Microsoft hope this will be ready to go for the new release of Quicken
> this fall.
>
> Hope to change your mind about us at Intuit being "arrogant." Let me
> know what I can do to help.
>
> Thanks,
> Scott
>
>Hoping Quicken will do something to entice me to move over now, as for MS
>what an unbelievable way to leave the loyal out in the cold�
>
>Scott I will make the switch NOW�put out a discount offer to switch and I am
>there.
I suggest you not do anything rash. See if anything develops over
the next several months.
Nope. The date of first activation is stored on the activation server
with your key, and is recalled during subsequent activations. A new key
would be required to get around this.
--
Scott Tyler
agent_scotty-at-hotmail-dot-com
>That was a fix supposedly coming from the IE team, not the Money team. I
>wouldn't think this close to the rumored fix that the change in the status
>of Money would turn that around. But we'll see...
>
>"Fuzzy John�" <jo...@noemail.com> wrote in message
>news:e73qa7i6...@TK2MSFTNGP03.phx.gbl...
>> I suppose now that the IE8 and Invoice Printing problem will not get
>> fixed.
Great. 15 years of finances, 401k, Roth-IRA, Mortgage and they can it.
One more reason to go to Linux.
THINK FREE..
Manual updates are not optional for me. This really stinks.
At least there is cheap alternatives. MoneyDance is only 30 bucks
and works on any platform.
Again, I'm slowly leaving windows behind.
Last I looked--six months or so ago--it was not really a WinApp at all
(tolerable) and a fraction of what Money is capable of in many areas (not so
tolerable). They do have some nice design concepts--but these concepts will
blow many mental circuit breakers among Money users. It wasn't very stable.
On Thu, 11 Jun 2009 10:23:01 -0700, "ScottW" <scott...@gmail.com>
wrote:
>Quicken announced they are working with microsoft to release an exact
>importer for money users.
>
>downside: apparently, it will only be compatible with Quicken 2010.
>
Why not just give us an option to dump everything to a univeral
format.
That's asking too much.
Bet it'll only work for US versions of Quicken and not international
versions.
Anyway, the UK/International English versions of Money never was
updated past the 2005 edition.
- I wonder why Microsoft doesn't sell (or give?) the Money product to
a firm that wants to continue it as a product? It's a mature product,
with a customer base and a revenue stream....
- Make a deal to sell or give it to Quicken, perhaps? Microsoft did
try to buy them at one point. There must be value or features in
Money that Quicken would want, in addition to the revenue & customer
base.
- How about Larry Ellison...Oracle is buying everything else....
- Money was one of the main reasons that I stuck with Windows as an
OS. Most everything else I do on my PC can be done in Linux. I used
to say that MS Money made me need windows. This may be the time to
move....
- Except - There is no Linux money management program. GnuCash you
say? Take a look at it and get back to me! LOL.
- Converting Money to Quicken has never worked correctly (and likely
never will). Some stuff converts, some does not, and some "sort of"
converts. Not what one wants for a financial system.
- I think that I'm screwed - I've got 10 years of data in Money. Bank
accounts, investments, brokerage accounts, bill payments, budgets,
credit card accounts, I thought that by going with Microsoft, I was
protected. Makes me consider how safe my business strategy is, as I
use a lot of Microsoft products there, also.....
- How about "Mint" - Yes, great idea, I'll put all my personal
financial information, bank & brokerage passwords, and credit
information on someone's web site! Right after I take up parachute-
less skydiving.
- I think I'll go look for the "banks, brokerage firms and Web sites
now providing a range of options for managing personal finances" that
Microsoft says is out there. If anyone finds that, please post the
info here!
Thanks
"Dick Watson" <littlegr...@mind-enufalready-spring.com> wrote in
message news:%23lwPnIp...@TK2MSFTNGP05.phx.gbl...
> Somewhere along the way Microsoft decided/determined that all Money
> customers really wanted was downloaded transaction data and
> advertisements. It's been all downhill from there.
>
> "Claus DuBois" <Claus...@discussions.microsoft.com> wrote in message
> news:C068D474-5E06-40BB...@microsoft.com...
>> The section in Microsoft's press release that states something to the
>> effect
>> that "all this information is readily available by brokerages and banks
>> on
>> their websites...and so there is really no need for Money anymore"
>> seriously
>> overstates their argument to discontinue Money and I think, at least for
>> me,
>> misses the entire point of why I use money. The online stuff is the
>> least of
>> what I use it for and in addition there are quite a few situations where
>> brokerages don't track important stuff unless you supply it to them.
>
>
>
If you don't need any of these you can keep running Money until you need a
reinstall!
If your FI offers download files you can use that - OK not as convenient as
automatic but will work.
--
Regards
Bob Peel,
Microsoft MVP - Money
For unofficial FAQs see
http://money.mvps.org/
or
http://umpmfaq.info/
I do not respond to any emails that I have not specifically asked for.
"Hollywood" <aked...@gmail.com> wrote in message
news:c48cf923-bedf-4f04...@c36g2000yqn.googlegroups.com...
"Crewze" <Cre...@discussions.microsoft.com> wrote in message
news:E5254BDC-AAFE-4C2C...@microsoft.com...
> ---
> avast! Antivirus: Inbound message clean.
> Virus Database (VPS): 090611-0, 06/11/2009
> Tested on: 6/12/2009 6:29:37 AM
> avast! - copyright (c) 1988-2009 ALWIL Software.
> http://www.avast.com
>
>
>
"Paul Pedersen" <nos...@no.spam> wrote in message
news:eMXKsxx6...@TK2MSFTNGP02.phx.gbl...
"Bob Peel,MVP" <bob_...@kiandra.freeserve.co.uk> wrote in message
news:951D705C-EE31-4768...@microsoft.com...
And as to the Microsoft-Intuit Quicken converter, I would make no decisions
today that assume that will really happen at some point in the future.
"Ed Hansberry, MS-MVP/Mobile Devices"
<spamfree-...@hotmail.spambegone.com> wrote in message
news:qvi435pu6shatn1oj...@4ax.com...
> Ahh.. well, then I'll be screwed in a few months. I purchased
> Money Plus as soon as it came out. So that'd be, what... July or
> August 2007? I'm really going to be pi**ed if I get no updates
> because MS failed to come out with a product in the 2 year
> period.
I just pulled my transactions with Money Link: 51,789 transactions from
non-investment accounts. 7,119 from investment accounts. Of course, that
total omits the root transaction in a split since MoneyLink doesn't extract
them. Oh, and none of the classification data is in there since MoneyLink
doesn't extract that, either.
"Ed Hansberry, MS-MVP/Mobile Devices"
<spamfree-...@hotmail.spambegone.com> wrote in message
news:2oi435te4jiia1u5m...@4ax.com...
> Speaking of Money Link, does Quicken have a similar addin for
> Excel? I find it invaluable at tax time.
What exactly does Money Link do?
--
John Pollard
Obtain MoneyLink from http://www.ultrasoft.com.
I'd love to have its code for connecting to Excel. There's some pretty
important voojoo in there...
"John Pollard" <inv...@invalid.com> wrote in message
news:u1Z#uD46JH...@TK2MSFTNGP05.phx.gbl...
It is supposed to load data exported from Money without errors, be
user friendly, have most of the features of Money, run on multiple
operating systems, and is inexpensive.
Sounded too good to be true, but having just downloaded a trial
version and read the user manual, it looks promising. Moving years
on Money data will be the test!
Please keep us posted! Looking forward to your experience. I played
around with MoneyDance years ago but didn't feel it could compete with
MSFT Money.... I guess it can.
I tried Moneydance several years ago and it was definitely unable to import
my complex Money file even though the developer attempted to help me. I
also tested Moneydance using newly entered data and ran it side by side with
Money. Moneydance was nowhere near as good as Money so I gave it up. Don't
know if there have been significant improvements since then but I don't see
anything promising on their webpage. It still appears that Moneydance lacks
the reporting power of Money. Let us know what happens.
Regards
Bill Wood
"DEC Guy" <DEC...@hotmail.com> wrote in message
news:78729b5b-d25e-493d...@r10g2000yqa.googlegroups.com...
> - I think I'll go look for the "banks, brokerage firms and Web sites
> now providing a range of options for managing personal finances" that
> Microsoft says is out there. If anyone finds that, please post the
> info here!
Don't hold your breath while waiting.
I've heard some real bs lines in my time, but that one is quite a whopper.
It was obviously concocted to fool people who are not Money users.
I downloaded the free trial version. It restricts manual entry to 100
transactions, but has no limits on imports, so it works well for
import testing.
The move process is to:
1. Create the list of accounts in MoneyDance that matches those in
Money. (It will auto-create, but they recommend creating in advance
as it is apparently smart about sorting out transfers between
accounts)
2. For each individual account in Money, do an export to a QIF file.
(I've got something like 20 accounts, so this will take time)
3. Import each into MoneyDance
4. Manually verify that the balances match.
Test 1 was a simple checking account. Loaded perfectly and balanced.
Budget categories moved also, although I've not looked at MoneyDance
budgeting yet.
Test 2 was an investment account. Again loaded perfectly. It created
all of the investment transactions for a number of securities. All
securities loaded with a current price of $1, making the current
balance wrong. Once I entered the correct current prices for each
security, the account balance matched Money exactly.
Test 3 was a BIG credit card account - my wife's ;) I loaded 8
years of data, thousands of transactions. It took a few minutes to
load, but again matched Money's balance exactly.
That's my report so far. I've not tried entering any data or
downloading statements, or anything other that the above imports.
I'm ready to spend my $40 and run in parallel for a while.
There is no way I could balance any individual account as you have described
because we transfer money between asset, bank, investment and credit card
accounts on a daily basis. Thus I am wondering how Moneydance could
individually match your account balances as you imported them one at a time.
If you had transfers between accounts, all of the accounts involved would
have to be imported at the same time, wouldn't they??
Regards
Bill Wood
"DEC Guy" <DEC...@hotmail.com> wrote in message
news:cacc237f-2ad3-46cf...@w40g2000yqd.googlegroups.com...
"William R Wood" <w.w...@cox.net> wrote in message
news:y%NYl.24504$IP7....@newsfe23.iad...
In Money you first create a new file and manually create your list of
accounts (all empty) ready to receive imported data. Then you export each
account one at a time from the old file. Then you import all of the
exported accounts at one time into the new file. Otherwise the transfers do
not get allocated properly.
Maybe MD fixed its import routine since I tried it several years ago? But I
doubt it. From what I read on MD's mail list, massive massaging is
necessary to reconcile imported data from complex files. That is not an
option for me since we have over 100 accounts with 10s of thousands of
transactions and many thousands of transfers. And many very active
investment accounts( 2 parts in Money- investment and cash) that cannot be
merged into a single MD style investment account.
Regards
Bill Wood
In response to the other poster who asked about a comparable addin for
Quicken: to my knowledge, there is no such addin.
But virtually all Quicken reports and lists can be exported to Excel (with
the occasional quirk or bug). And exporting to QIF files and importing
those QIF files with the Excel addin, "xl2qif", offers an alternative
approach.
As to the memo from the root of a split transaction: if the Quicken report
you are exporting does not have the option checked to display the
individual split lines, then the memo of the root is available, and would
get exported I believe. But Quicken won't display both the root and the
individual splits, so they can't both be exported at one time..
Money Link can export contents of an investment account. MSMoney will
not export such an account to QIF. Perhaps the QIF format does not
even support this?
Here is a list of what Money Link can export:
Account balances
Account transactions (non-investment)
Account transactions (investment)
Investment positions
Investment lots
Investment Prices
>In response to the other poster who asked about a comparable addin for
>Quicken: to my knowledge, there is no such addin.
>
>But virtually all Quicken reports and lists can be exported to Excel (with
>the occasional quirk or bug). And exporting to QIF files and importing
>those QIF files with the Excel addin, "xl2qif", offers an alternative
>approach.
This is something I will evaluate very carefully while I am switching
to Quicken. If Quicken is discontinued, I will need a way to extract
my data. All of it. This would be a real problem with MS Money, were
it not for Money Link.
--
David Arnstein (00)
arnstei...@pobox.com {{ }}
^^
CORRECTION: MSMoney will export an investment account to QIF. I was
mistaken. But there are certain transaction types that cannot be
exported to QIF, such as employee stock options. Money Link will
export everything.
All I had in my test were some simple transfers between checking &
credit card (card payments). When I first imported the accounts
without pre-creating them, I did get some duplicates, which I was able
to find (by sorting transactions) and remove to get things to
balance.
I didn't like this, & tried again with a new database, creating the
accounts first, with names EXACTLY matching the names in Money. Then
the import worked correctly & things balanced with no manual changes.
I got this from reading the support Q&A, blogs & Wiki on the
MoneyDance site. There's a lot of detailed support info, but it's not
easy to find on the site. (They don't appear to be a company of any
size, which in itself is worrisome...)
Again, I only had simple transfers between the checking and credit
card accounts, one per month for 8 years or so.
With all of your accounts, any kind of move will be a lot of work,
doing one account at a time. I'm looking to MoneyDance, as I've go to
move somewhere, and my testing with Quicken was a disaster that led me
to believe that these was no way to salvage my Money history using
Quicken. I would not be surprised to fine some roadblocks with
MoneyDance, and perhaps even some accounts that don't transfer without
some nastyt manual repairs, but I need to salvage what I can.
"David Arnstein" <arns...@panix.com> wrote in message
news:h10o9k$7mi$2...@reader1.panix.com...
What options does someone like myself have whose online license expires in
August of 2009? I would gladly buy Quicken if I knew my information could
be imported. But it looks like you won't be ready until after that. I have
a 47M Money file going back to 1999 with a few loan transactions in 1997
(retained after an archive years ago). Nothing really fancy but numerous
accounts with which I really depend on doing my finances with. Any
suggestions would be appreciated.
-- John
"Scott Gulbransen" <sgulb...@gmail.com> wrote in message
news:f5cf7b5b-aa69-434a...@b7g2000pre.googlegroups.com...
On Jun 10, 4:20 pm, arnst...@panix.com (David Arnstein) wrote:
> In article <7h90359835tiflgm9gei95hpiqi6k49...@4ax.com>, <SPP> wrote:
>
> >How "easy" is it to import transactions from Microsoft Money into
> >Quicken 2009 please?
>
> I will be pleased to post my experience here, after I roll up my sleeves
> and get to work.
>
> I have a theory that with each new (annual) version of Quicken, the
> "import" process will become less accurate. So I made my purchase
> today. I also expect Intuit (publishers of Quicken) to become even
> more arrogant than they are today. You have problems? Tough skittles!
> We have a monopoly now!
>
> My only "import" experience so far is going from Quicken to Money.
> That required a lot of work.
> --
> David Arnstein (00)
> arnstein+use...@pobox.com {{ }}
> ^^
Hey David...Scott from Quicken here.
We're working directly with the folks at Microsoft...to help develop a
file conversion process that will help Money customers more easily
convert their existing data files to Quicken. Both Intuit and
Microsoft hope this will be ready to go for the new release of Quicken
this fall.
Hope to change your mind about us at Intuit being "arrogant." Let me
know what I can do to help.
Thanks,
Scott
"William R Wood" <w.w...@cox.net> wrote in message
news:E6YXl.4243$mX2...@newsfe05.iad...
>I think we need to explore finding an attorney to file a class action
>lawsuit against MSFT forcing them to remove the activation requirement. I
>don't want to switch to Quicken and I don't want to loose the massive
>investment of time and data that I have in Money going back to 1980.
>
> This move by MSFT is worse than low, it is evil, malicious and utterly
> disregards the interests of customers.
>
> Regards,
>
> Bill Wood
>
>
> "Dick Watson" <littlegr...@mind-enufalready-spring.com> wrote in
> message news:OpjuIii6...@TK2MSFTNGP06.phx.gbl...
>> Some more thoughts I had while driving home from work:
>>
>>
>> The REALLY LOW BLOW of not providing a wedge to eliminate the activation
>> requirements for M+ users is that the M02 and M04 an M98 users don't have
>> any such problem. So those of us who tried to keep the faith get
>> differentially screwed.
>>
>> "William R Wood" <w.w...@cox.net> wrote in message
>> news:G2WXl.43026$Mf7....@newsfe16.iad...
>>
>>> Something must be done to force MSFT to remove the activation
>>> requirement so users can continue to use the program indefinitely.
>>
>>
>
>
"JohnA" <Jo...@spamguard-TheAtas.org> wrote in message
news:#7D$zQI7JH...@TK2MSFTNGP06.phx.gbl...
"JohnA" <Jo...@spamguard-TheAtas.org> wrote in message
news:O5i1SXI7...@TK2MSFTNGP03.phx.gbl...
"Dick Watson" <littlegr...@mind-enufalready-spring.com> wrote in
message news:OekJKwI7...@TK2MSFTNGP03.phx.gbl...
My only reason for asking was to see if Quicken could provide the same
option: your reply suggests that Quicken can do the same thing that
MoneyLink can do ... but the devil will be in the details.
--
John Pollard
Intuit - being as closed mouthed as they have always been - are not likely
to answer JohnA. And if they do, they are not likely to provide much more
than a "political" answer.
But guess what: every once in a while, jokers like JohnA get lucky ... so
why shouldn't they pretend to be superior?
[Hey: if your child couldn't get to school recently, maybe Obama will
write her an excuse note ... all you have to do is ask.]
--
John Pollard
"JohnA" <Jo...@spamguard-TheAtas.org> wrote in message
news:#jtk14I7...@TK2MSFTNGP02.phx.gbl...
"JohnA" <Jo...@spamguard-TheAtas.org> wrote in message
news:OG8Mz2I7...@TK2MSFTNGP03.phx.gbl...
When the "top brass" posts here, then it's worth a shot to send a message.
It suprises me that you think the lower class should shut up on a forum as
this. Joker indeed! Superiority? Look in the mirror and note the object
of your borish post.
-- John
"John Pollard" <inv...@invalid.com> wrote in message
news:OUCQasJ7...@TK2MSFTNGP06.phx.gbl...
I understand and have actually read the posts and the answers - I am
interested in his slant precisely because he is who he is. And yes, I
understand that it's a long shot - but as they say, nothing ventured,
nothing gained. Again, I really do appreciate your trying to help but am
merely trying to explain why I posted what I did.
-- John
"Dick Watson" <littlegr...@mind-enufalready-spring.com> wrote in
message news:uoZhu5J7...@TK2MSFTNGP02.phx.gbl...
"Dick Watson" <littlegr...@mind-enufalready-spring.com> wrote in
message news:%23KK9zyJ...@TK2MSFTNGP06.phx.gbl...
"JohnA" <Jo...@spamguard-TheAtas.org> wrote in message
news:O4wQJDK7...@TK2MSFTNGP03.phx.gbl...
Patty