Money user thinking of converting

I've used MS Money for nearly a decade but have read some reviews of the respective 2007 versions and think it might behoove me to swap teams at this point...

I have read the information on the Quicken website regarding the data conversion tool and understand there would probably several hours of time necessary to get everything from my Money files into a new Quicken data file.

Questions... has anyone following this group recently undertaken such an endeavor? If so, was the data transfer complete and accurate (at least the data which is advertised as being transferable)? Any other thoughts/advice regarding this exercise?

Thanks,

--Howie

Reply to
Howie
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I switched from Money 2004 to Quicken 2005 (because Money 2005 was a disaster in my opinion). All checking, savings, and credit card accounts as well as Categories and payess transferred pretty smoothly. At the time I had no mortgage so I can really speak to a situation where you have an asset (house) linked to a loan.

The one thing that didn't transfer over correctly was my portfolio. I had several mutual funds and stocks held in a 401k and Roth IRA. I had to go back and manually adjust almost all transactions in my portfolio to have a proper cost basis, etc.

I've since upgraded to Q2006 and will be getting Q2007 once it's available at the local Costco. Overall, these are the contrasts I noticed switching from Money to Quicken:

Quicken doesn't hold your hand as much. Quicken doesn't look as good (although it was the "cuteness" of Money

2005+ that turned me off) Quicken just feels more powerful.

I think the switch is highly recommended.

Reply to
hawks5999

I've made the switch twice. There is no perfect financial program, imho. Money does a better job of tracking investments...seeing your overall picture, I think. But Quicken is easier to use. Six of one, half dozen of other. I keep Money to look at investments.

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I've made the switch twice. There is no perfect financial program, imho. Money does a better job of tracking investments...seeing your overall picture, I think. But Quicken is easier to use. Six of one, half dozen of other. I keep Money to look at investments.

Reply to
SeaKan

Thanks to you both for your insight...

--Howie

Reply to
Howie

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