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Fed up! Doubleb 01-17-2008
| `--> Re: Fed up! lippman.john@gm...01-18-2008
Posted by Doubleb on January 17, 2008, 9:47 am
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 Has anyone had any experience with the current Microsoft Money
software?

Posted by docdec1 on January 17, 2008, 1:29 pm
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> Has anyone had any experience with the current Microsoft Money
> software?

Yes - I have been playing around with a trial version of Money Plus
Deluxe. I was cruising right along until I discovered something that
impacted my record keeping. NOTE: The 'playing around' was with the
stock features.

You enter a 'stock name' for a purchase. Then you enter the 'stock
symbol'. Money Plus, (MP), it appears, uses the 'stock symbol', not
the 'stock name' as the unique identifier for the stock record.

Example:
I purchased on 1 Dec 07, 500 shares of XYZ company. The 'stock
symbol' is 'XYZ'
I entered a 'stock name' of "XYZ 1 Dec 07 (500)" - just my shorthand
for quick info in a summary format.
I entered the 'stock symbol' of "XYZ" and the other information into
MP. All went well.

Next, on 1 Jan 08, I purchased 300 additional shares of XYZ company.
The 'stock symbol' is "XYZ".
I entered a 'stock name' of "XYZ 1 Jan 08 (300)" - that crazy
shorthand, again.
When trying to enter the 'stock symbol', it wouldn't let me - saying
there was already a stock name using that symbol. OK, as I was
testing this product, I followed what was suggested.

I changed both 'stock names' to XYZ company and entered the 'stock
symbol'. Naturally, the purchase dates in the entry reflected the
actual dates of purchase.

THIS IS KEY, the 1 Dec 07 (500 shares) qualified for a dividend as the
stock went ex-dividend on 15 Dec 07. I entered the dividend
transaction on 3 Jan 08. So far, so good.

I sold the 1 Dec 07 shares on 9 Jan 08. However, the dividend was
being displayed as a 'gain' for the remaining 300 shares, purchased on
1 Jan 08, which was not correct.

So, with this in mind, I'm not sure if Money Plus is right for me at
this time. I would think the 'stock name' should be unique as it is
the transaction, and the 'stock symbol' a subset of the 'stock name'.
If that were the case, as you can do with Quicken, I would have
continued my s/w testing.

Oh, one other item. I was unable to convert my Quicken data file to
MP. I'm running Q2007 Deluxe.

It probably depends on what you're planning to use it for and how. At
least you may test it for 60 days to determine if you want to purchase
it. GOOD LUCK

Posted by Oilcan on January 17, 2008, 8:51 pm
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You are correct. The stock symbol must be unique. This posed a problem for
me in my 401(k) where I have several separate investments (as reported to
me) in my company stock

Oilcan
>> Has anyone had any experience with the current Microsoft Money
>> software?
>
> Yes - I have been playing around with a trial version of Money Plus
> Deluxe. I was cruising right along until I discovered something that
> impacted my record keeping. NOTE: The 'playing around' was with the
> stock features.
>
> You enter a 'stock name' for a purchase. Then you enter the 'stock
> symbol'. Money Plus, (MP), it appears, uses the 'stock symbol', not
> the 'stock name' as the unique identifier for the stock record.
>
> Example:
> I purchased on 1 Dec 07, 500 shares of XYZ company. The 'stock
> symbol' is 'XYZ'
> I entered a 'stock name' of "XYZ 1 Dec 07 (500)" - just my shorthand
> for quick info in a summary format.
> I entered the 'stock symbol' of "XYZ" and the other information into
> MP. All went well.
>
> Next, on 1 Jan 08, I purchased 300 additional shares of XYZ company.
> The 'stock symbol' is "XYZ".
> I entered a 'stock name' of "XYZ 1 Jan 08 (300)" - that crazy
> shorthand, again.
> When trying to enter the 'stock symbol', it wouldn't let me - saying
> there was already a stock name using that symbol. OK, as I was
> testing this product, I followed what was suggested.
>
> I changed both 'stock names' to XYZ company and entered the 'stock
> symbol'. Naturally, the purchase dates in the entry reflected the
> actual dates of purchase.
>
> THIS IS KEY, the 1 Dec 07 (500 shares) qualified for a dividend as the
> stock went ex-dividend on 15 Dec 07. I entered the dividend
> transaction on 3 Jan 08. So far, so good.
>
> I sold the 1 Dec 07 shares on 9 Jan 08. However, the dividend was
> being displayed as a 'gain' for the remaining 300 shares, purchased on
> 1 Jan 08, which was not correct.
>
> So, with this in mind, I'm not sure if Money Plus is right for me at
> this time. I would think the 'stock name' should be unique as it is
> the transaction, and the 'stock symbol' a subset of the 'stock name'.
> If that were the case, as you can do with Quicken, I would have
> continued my s/w testing.
>
> Oh, one other item. I was unable to convert my Quicken data file to
> MP. I'm running Q2007 Deluxe.
>
> It probably depends on what you're planning to use it for and how. At
> least you may test it for 60 days to determine if you want to purchase
> it. GOOD LUCK


Posted by Doubleb on January 18, 2008, 11:31 am
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docdec1@juno.com wrote in
m:

>> Has anyone had any experience with the current Microsoft Money
>> software?
>
> Yes - I have been playing around with a trial version of Money
> Plus Deluxe. I was cruising right along until I discovered
> something that impacted my record keeping. NOTE: The 'playing
> around' was with the stock features.
>
> You enter a 'stock name' for a purchase. Then you enter the
> 'stock symbol'. Money Plus, (MP), it appears, uses the 'stock
> symbol', not the 'stock name' as the unique identifier for the
> stock record.
>
> Example:
> I purchased on 1 Dec 07, 500 shares of XYZ company. The 'stock
> symbol' is 'XYZ'
> I entered a 'stock name' of "XYZ 1 Dec 07 (500)" - just my
> shorthand for quick info in a summary format.
> I entered the 'stock symbol' of "XYZ" and the other information
> into MP. All went well.
>
> Next, on 1 Jan 08, I purchased 300 additional shares of XYZ
> company. The 'stock symbol' is "XYZ".
> I entered a 'stock name' of "XYZ 1 Jan 08 (300)" - that crazy
> shorthand, again.
> When trying to enter the 'stock symbol', it wouldn't let me -
> saying there was already a stock name using that symbol. OK, as I
> was testing this product, I followed what was suggested.
>
> I changed both 'stock names' to XYZ company and entered the 'stock
> symbol'. Naturally, the purchase dates in the entry reflected the
> actual dates of purchase.
>
> THIS IS KEY, the 1 Dec 07 (500 shares) qualified for a dividend as
> the stock went ex-dividend on 15 Dec 07. I entered the dividend
> transaction on 3 Jan 08. So far, so good.
>
> I sold the 1 Dec 07 shares on 9 Jan 08. However, the dividend was
> being displayed as a 'gain' for the remaining 300 shares,
> purchased on 1 Jan 08, which was not correct.
>
> So, with this in mind, I'm not sure if Money Plus is right for me
> at this time. I would think the 'stock name' should be unique as
> it is the transaction, and the 'stock symbol' a subset of the
> 'stock name'. If that were the case, as you can do with Quicken, I
> would have continued my s/w testing.
>
> Oh, one other item. I was unable to convert my Quicken data file
> to MP. I'm running Q2007 Deluxe.
>
> It probably depends on what you're planning to use it for and how.
> At least you may test it for 60 days to determine if you want to
> purchase it. GOOD LUCK

Thanks for the input. From what you said it appears that MS has its
own, unacceptable, faults. Can't anyone get it right after all these
years? I guess there just isn't enough competion!

Posted by lippman.john@gmail.com on January 18, 2008, 8:13 pm
Please log in for more thread options
0hsh.googlegroups.co
> m:
>
>
>
> >> Has anyone had any experience with the current Microsoft Money
> >> software?
>
> > Yes - I have been playing around with a trial version of Money
> > Plus Deluxe. =A0I was cruising right along until I discovered
> > something that impacted my record keeping. =A0NOTE: =A0The 'playing
> > around' was with the stock features.
>
> > You enter a 'stock name' for a purchase. =A0Then you enter the
> > 'stock symbol'. =A0Money Plus, (MP), it appears, uses the 'stock
> > symbol', not the 'stock name' as the unique identifier for the
> > stock record.
>
> > Example:
> > I purchased on 1 Dec 07, 500 shares of XYZ company. =A0The 'stock
> > symbol' is 'XYZ'
> > I entered a 'stock name' of "XYZ 1 Dec 07 (500)" - just my
> > shorthand for quick info in a summary format.
> > I entered the 'stock symbol' of "XYZ" and the other information
> > into MP. =A0All went well.
>
> > Next, on 1 Jan 08, I purchased 300 additional shares of XYZ
> > company. The 'stock symbol' is "XYZ".
> > I entered a 'stock name' of "XYZ 1 Jan 08 (300)" - that crazy
> > shorthand, again.
> > When trying to enter the 'stock symbol', it wouldn't let me -
> > saying there was already a stock name using that symbol. =A0OK, as I
> > was testing this product, I followed what was suggested.
>
> > I changed both 'stock names' to XYZ company and entered the 'stock
> > symbol'. =A0Naturally, the purchase dates in the entry reflected the
> > actual dates of purchase.
>
> > THIS IS KEY, the 1 Dec 07 (500 shares) qualified for a dividend as
> > the stock went ex-dividend on 15 Dec 07. =A0 I entered the dividend
> > transaction on 3 Jan 08. =A0So far, so good.
>
> > I sold the 1 Dec 07 shares on 9 Jan 08. =A0However, the dividend was
> > being displayed as a 'gain' for the remaining 300 shares,
> > purchased on 1 Jan 08, which was not correct.
>
> > So, with this in mind, I'm not sure if Money Plus is right for me
> > at this time. =A0I would think the 'stock name' should be unique as
> > it is the transaction, and the 'stock symbol' a subset of the
> > 'stock name'. If that were the case, as you can do with Quicken, I
> > would have continued my s/w testing.
>
> > Oh, one other item. =A0I was unable to convert my Quicken data file
> > to MP. =A0I'm running Q2007 Deluxe.
>
> > It probably depends on what you're planning to use it for and how.
> > =A0At least you may test it for 60 days to determine if you want to
> > purchase it. =A0GOOD LUCK
>
> Thanks for the input. =A0From what you said it appears that MS has its
> own, unacceptable, faults. =A0Can't anyone get it right after all these
> years? =A0I guess there just isn't enough competion!

I had the same experience. I got fed up with Quicken about 2 years
ago, and decided to switch to Money. I hated it and switched back
within 2 weeks. Different, but not better.


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