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Old 04-17-2013, 11:52 AM   #21
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I also use Quicken 2000, basically tracking everything. I don't want downloads because I want to reconcile bank records with my own. The only problem I have with Windows 7 is that the screen is blank until I hover over the accounts on the right and select one.
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Old 04-17-2013, 12:26 PM   #22
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I am going to wait until he 2014 version to come out to upgrade from my 2011 version. I use the features that download transactions from some accounts.
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Old 04-17-2013, 03:13 PM   #23
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I was a former Quicken user, but after reading the reviews on amazon, I decided I don't want to deal with having to upgrade every few years for unknowable quality product. I ended up moving to Moneydance, which has worked reasonably well for me. It's cross platform, which is a big plus for me, and I'm never forced to upgrade again.
I used Quicken and/or MS Money for a couple of decades, and was pleased with some of the features but terribly frustrated with some of the bugs. All in all, they were OK, mainly because there was nothing better.

About a year and a half ago, I started using Moneydance. I had tried it before a couple of times, but never really got into it. In 2011, I decided to really give it a serious shot, since it had apparently evolved into something pretty good.

For quite a while, I used Moneydance in parallel with Quicken, entering everything in both places.

After several months of that, I decided that Moneydance was good enough to stay with. Most of the features and none of the frustrations. At the end of 2011 I quit using Quicken for good.

I archived my old Quicken files, and also exported them to spreadsheets, so I have all those old records available to search in a couple of ways when I need historical information.

After nearly 1.5 years of using Moneydance exclusively, I can honestly say I'm completely happy with it. There is a bit of a learning curve to deal with, since many things are not done the same way I was used to in Quicken. But Moneydance has pretty good documentation, good user support on their website, and good community support from other users on their forums. Every question I've asked has been answered quickly.
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Old 04-17-2013, 04:12 PM   #24
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About a year and a half ago, I started using Moneydance. I had tried it before a couple of times, but never really got into it. In 2011, I decided to really give it a serious shot, since it had apparently evolved into something pretty good.

For quite a while, I used Moneydance in parallel with Quicken, entering everything in both places.

After several months of that, I decided that Moneydance was good enough to stay with. Most of the features and none of the frustrations. At the end of 2011 I quit using Quicken for good.

After nearly 1.5 years of using Moneydance exclusively, I can honestly say I'm completely happy with it. There is a bit of a learning curve to deal with, since many things are not done the same way I was used to in Quicken. But Moneydance has pretty good documentation, good user support on their website, and good community support from other users on their forums. Every question I've asked has been answered quickly.

Thanks for this, Braumeister. I hadn't heard of Moneydance. I found this review of 10 Personal Finance Software packages. Thought I'd pass it along from the "for what it's worth" department.

Moneydance 2013 | Good & Bad of Moneydance - TopTenREVIEWS
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Old 04-17-2013, 05:32 PM   #25
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Braumeister, your story is similar to mine. I started with MS Money, used it from late 90's until 2004, when they announced it would be discontinued. I then bought a copy of Quicken and gradually migrated there. I was pretty happy with Quicken. Occasional bugs, but no major issues.

I started using a Mac about a year ago and was sick of having to go to the Windows PC to use Quicken, so I bought a copy of Moneydance. At the time, the biggest selling point for me is that it's cross platform. I played around with it, but at the time I decided that I didn't want to go through the hassle of migrating over and resigned myself to paying the Quicken tax. Then I got my letter from Quicken telling me that I need to upgrade or I'll lose online functionality. I went to Amazon, thinking I'd buy the latest version, but it had terrible reviews.

So I decided to try out Moneydance. I did this at the start of the year and didn't migrate my data, except for the investment accounts. It took me a few weeks to get everything right, maybe 20-30 hours total (maybe more), at which point I stopped using Quicken. I remember migrating from MS Money to Quicken and this wasn't any worse. Fortunately, humans are adaptable creatures.

I only have two complaints about Moneydance and I think one of them is because I've been too lazy to figure it out.

The first one is that I always forecasted account balance in my primary checking account to make sure there's enough money in the account. With Moneydance, it seems to take into account the reminders, but not future dated entries already in the account. This is the one that I think I might be doing something wrong.

The other one is the portfolio reports. In Quicken (and MS Money before that), I was able to display my portfolio based on the investment, not account. For example, if I owned a Total US Market Fund in a Roth, 401k, and taxable account, with viewing by investment it's give me the total number of shares, value, etc for all the accounts combined. With Moneydance, I can only view my portfolio by account, so I have to manually add up all the shares, etc, to get the total amount (I use this data to enter in a spreadsheet, which is what I use for managing our portfolio). I looked on the Moneydance forums, but couldn't find any help. The nice thing about Moneydance though is that I should be able to write my own plugin, which should allow me to generate a custom report (still need to look into this one).
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Old 04-17-2013, 05:41 PM   #26
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I only have two complaints about Moneydance and I think one of them is because I've been too lazy to figure it out.

The first one is that I always forecasted account balance in my primary checking account to make sure there's enough money in the account. With Moneydance, it seems to take into account the reminders, but not future dated entries already in the account. This is the one that I think I might be doing something wrong.
Maybe I can help with this one.
On the home page, look at the header over your bank accounts (the one that says "Bank Accounts". Just to the right of that is a changeable item that can be Current Balance (as of right now), Balance (as of the most future entry), or Cleared Balance (self-explanatory). The default, I believe, is Current Balance, but if you change it to Balance, you will see what you're looking for. I may have misinterpreted the question, but this might help.

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The other one is the portfolio reports. In Quicken (and MS Money before that), I was able to display my portfolio based on the investment, not account.
I have to agree with you on this one. A number of people (including me) have asked for exactly this feature, but the developers haven't implemented it yet. I maintain my own external spreadsheet to handle this issue.
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Old 04-18-2013, 11:32 PM   #27
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Maybe I can help with this one.
On the home page, look at the header over your bank accounts (the one that says "Bank Accounts". Just to the right of that is a changeable item that can be Current Balance (as of right now), Balance (as of the most future entry), or Cleared Balance (self-explanatory). The default, I believe, is Current Balance, but if you change it to Balance, you will see what you're looking for. I may have misinterpreted the question, but this might help.
Nope, that's not it. This just shows the balance after taking into account future transactions that are already entered. What I'm looking for is something that tells me the future balance of the account after taking into account future transactions and reminders for that account.

I downloaded an extension, Balance Predictor, which I thought would do the trick, but it seems to only take into consideration the reminders using the current balance. It ignores future transactions entered into the account.

Just searched and found the following post regarding Balance Predictor. It references another forecasting extension, which I'm about to try out*.

balance predictor major flaw ... / Suggestions / Discussion Area - The Infinite Kind Support

* Well, I need to think this over. I'm not sure I feel comfortable installing an unsigned 3rd party plugin that can access all my financial data. It's probably safe, but I'm not sure it's worth the risk.
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Old 04-19-2013, 07:08 AM   #28
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Thanks! That Forecaster extension seems to work beautifully.

And relax, the "unsigned" part just means it wasn't developed by the Moneydance team, but neither were most of the other extensions available for it. And it doesn't collect or send any information anywhere (the Little Snitch software on my Mac assures me of that).
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Old 04-19-2013, 07:53 AM   #29
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I've been using Quicken for years. The only special function I use is downloading stock and mutual fund quotes. Of course, this is the function that Quicken uses to force you to buy the upgrade every few years.

I assume Moneydance can track stocks and mutual funds as easily as Quicken. Do I understand correctly that Moneydance doesn't have a similar update cycle as Quicken? I can buy Moneydance once use it for years?

I'd kind of hate to do the transition, but I'm really annoyed by Quickens update cycle. Is it possible to automatically transfer stock and mutual fund records from Quicken to Moneydance? I have years of monthly purchases for a number of accounts. It would take me a long time to type all that into another software.
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Old 04-19-2013, 08:13 AM   #30
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I assume Moneydance can track stocks and mutual funds as easily as Quicken.
Yes.

Quote:
Do I understand correctly that Moneydance doesn't have a similar update cycle as Quicken? I can buy Moneydance once use it for years?
Since Moneydance is newer than Quicken, it has gone through a lot of development and addition of new features in the last several years. You will probably want to buy an upgrade license from time to time, but you don't have to (the price download function will still work).

Quote:
Is it possible to automatically transfer stock and mutual fund records from Quicken to Moneydance? I have years of monthly purchases for a number of accounts. It would take me a long time to type all that into another software.
Yes, but there will always be some cleanup work required when importing records from one program to another. And apart from the comfort factor, do you really need all those old transactions? For me, the answer was yes and no, so I simply archived everything (so I can look up the historical record when I want to) and started out fresh by entering everything in Moneydance.
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Old 04-19-2013, 08:59 AM   #31
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I think you're probably right. I can probably just load my current stock and mutual fund shares as totals and start tracking performance from scratch. I'll have to think about that one a bit to make sure I'm not losing something.

I think you have a great suggestion of downloading the Quicken records to Excel for historical purposes.

I just installed Quicken 13, but I may go ahead and make the switch soon anyway. I really, really hate being forced by Quicken to update....
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Old 04-19-2013, 09:08 AM   #32
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Anyone trying GnuCash? Did a search on this web site and there isn't much recent talk. Everyone I know who has tried it hasn't been real happy.

What kills me is that Audacity -- another open source program discuss on many of the LP recording threads here -- is a thing of beauty. I wonder why GnuCash hasn't gotten the same traction.
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Old 04-19-2013, 09:22 AM   #33
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I bit the bullet and bought Quicken 2013. ALL I do with it is download stock quotes, but I have 40+ stocks and it's too much to do manually. I started with MS Money but they stopped making it. I liked it better (for what I do). I downloaded the transactions but they screwed up royally (possibly due to the accounts having been imported initially) so I went back to hand-entering transactions. I don't keep my checkbook in it or track expenses in any way.

Haven't tried Moneydance since 2010 when I was looking for a replacement for MS Money. I'm sure it has improved and if Quicken 2013 irritates me enough I'll do it. I got it for $45 so it wasn't outrageous - it's $55 on Amazon but they offered me a $10 off deal if I got some card with them. Sure... will I ever use it again, no.

So - this was just last week. Thanks to all for answering my questions. What would I do without this group?!!!!
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Old 04-19-2013, 10:24 AM   #34
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I bit the bullet and bought Quicken 2013. ALL I do with it is download stock quotes, but I have 40+ stocks and it's too much to do manually.
Just a thought. If all you want to do is download stock quotes, you can easily do that in your own spreadsheet using the free OpenOffice.org Calc.
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Old 04-19-2013, 11:28 AM   #35
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Just a thought. If all you want to do is download stock quotes, you can easily do that in your own spreadsheet using the free OpenOffice.org Calc.
You can also do it in Excel.
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Old 04-19-2013, 03:37 PM   #36
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I use Quicken 2004, freely available from Quicken's website as a data migration version that just happens to be fully functional
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Old 04-19-2013, 10:15 PM   #37
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You can also do it in Excel.
google financial spreadsheets.

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Old 04-20-2013, 03:20 PM   #38
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Thanks! That Forecaster extension seems to work beautifully.

And relax, the "unsigned" part just means it wasn't developed by the Moneydance team, but neither were most of the other extensions available for it. And it doesn't collect or send any information anywhere (the Little Snitch software on my Mac assures me of that).
I tend to be overly paranoid with 3rd party software, just because you never know. But since you were kind enough to try it first, I'll give it a shot later today.

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google financial spreadsheets.
+1

I've moved a lot of my spreadsheets to google finance. I still need to get my main finance (rebalancing) spreadsheet moved over. One thing I really appreciate is the built-in ability to get quotes. Excel had this ages ago - through a plugin - but now they force you to import the data from the web, which IMO, is a lame substitute.
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