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Quicken vs. Microsoft Money: your opinion?

 

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Subject Author Date
Quicken vs. Microsoft Money: your opinion? steensworld 02-16-2007
Posted by Melvin on February 16, 2007, 7:25 pm
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>I use Outlook for this, I keep a separate "monthly bills" calendar set
> up that I use to enter bills as they arrive. Once they are paid, I
> change the color by changing the category (Bills Due vs Bills Paid)...
>
> The calendars in Quicken & Money lack this capability, no idea why...

Ha ha - good "integrated" solution...

If you're resorting to doing this you're doing something wrong, in my humble
opinion.

As a person with a background in software design, I can tell you that
keeping your data in 2 separate places & having to maintain them in sync
(without an automated mechanism) is a formula for disaster. You will
eventually goof up.

Anyway, just use the Scheduled Transaction List in Quicken to abreast of
what's due & upcoming. Overdue & unpaid bills appear at the top of the
list; paid bills drop down to the lower portion of the list. The bills
"percolate" upwards according to their recurrence periods (monthly,
quarterly, etc.). It's not rocket science.

In Microsoft Money, the facility is very similar. It's called "Bills
summary".

Here's the actual scoop on the calendars in Microsoft Money & Quicken. They
DO display past, present & future bills, and differentiate between them.

In Quicken XG 2004, future (unpaid) bills show up in red text; past (paid)
bills show up in black text.
In Microsoft Money 2006, future bills show up in regular text; past bills
appear in a strikethrough font (i.e. "crossed out" to indicate "done").



Posted by Garry on February 18, 2007, 12:53 am
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After five years using MS Money, I switched to Quicken late last year,
mostly because the billpaying and other online functions are important
to me, and I find Quicken's more flexible and better integrated than
Money's. (For example, downloading data from the two banks where I
have accounts was clunky and prone to error in Money. Quicken works
much better for me. And Quicken's online billpaying service
integrates better with the check register than Money's does.) Both
do most things about equally well. Neither provides very good tech
support, so you're better off coming to groups like this one if you
need advice on how to do things or solve problems. I'm happy with
Quicken, and plan to stay with it. But each program has its own look
and feel, and ideally you'd play with each to get a feel of which you
like best.


Posted by second1 on February 24, 2007, 12:34 pm
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I'm a long term Money user, currently employing MS2007. Late last
year I went so far as to purchase Q2007. After using both in parallel
for a while, I've gone back to Money mainly because Quicken does not
incorporate scheduled bill payments into the budget; instead you have
to manually reinter them or have Quicken generate a budget from your
actuals, but I don't like the inaccuracies of that approach.



>
>
>After five years using MS Money, I switched to Quicken late last year,
>mostly because the billpaying and other online functions are important
>to me, and I find Quicken's more flexible and better integrated than
>Money's. (For example, downloading data from the two banks where I
>have accounts was clunky and prone to error in Money. Quicken works
>much better for me. And Quicken's online billpaying service
>integrates better with the check register than Money's does.) Both
>do most things about equally well. Neither provides very good tech
>support, so you're better off coming to groups like this one if you
>need advice on how to do things or solve problems. I'm happy with
>Quicken, and plan to stay with it. But each program has its own look
>and feel, and ideally you'd play with each to get a feel of which you
>like best.
I'm a long term Money user, currently employing MS2007. Late last
year I went so far as to purchase Q2007. After using both in parallel
for a while, I've gone back to Money mainly because Quicken does not
incorporate scheduled bill payments into the budget; instead you have
to manually reinter them or have Quicken generate a budget from your
actuals, but I don't like the inaccuracies of that approach.



>
>
>After five years using MS Money, I switched to Quicken late last year,
>mostly because the billpaying and other online functions are important
>to me, and I find Quicken's more flexible and better integrated than
>Money's. (For example, downloading data from the two banks where I
>have accounts was clunky and prone to error in Money. Quicken works
>much better for me. And Quicken's online billpaying service
>integrates better with the check register than Money's does.) Both
>do most things about equally well. Neither provides very good tech
>support, so you're better off coming to groups like this one if you
>need advice on how to do things or solve problems. I'm happy with
>Quicken, and plan to stay with it. But each program has its own look
>and feel, and ideally you'd play with each to get a feel of which you
>like best.

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