Microsoft Money FAQ

Archived From: Finance
  • Page :
  • 1
  • Text Only
Voting History
rated:
Many questions regarding personal finance software (i.e., Money and Quicken) get posted here at FW Finance. As with other topics, many are repeated, but especially difficult to locate as the thread titles run the gamut and 'money' itself is a tough search term to use successfully. The subject of creating FAQs for Money and Quicken came up recently in this thread.

This is my initial draft at a MS-Money FAQ. Having not used Quicken for over 10 years, I will leave the creation of that FAQ to another more appropriate poster. You will note that many of the links that follow have thread titles referring to one or the other package and the discussions then veer off to touch on both software solutions.

The Microsoft web site hosts links to web-based versions of several MS-Money related newsgroups. They are available at this link. MoneyCentral, Money General and Money UK are accessible from this page via the 'English' folder.

You will generally be well served by posting your general support-related questions at one of the newsgroups first. They are frequented by many folks that are extremely knowledgeable about the software (known as Microsoft MVPs). You generally will not have to wait too long for a response either if your question is clearly asked with good background information provided to help them help you.

Newsreader software will give you access to the microsoft.money.public newsgroup as well as others. Just connect to your news server and search on 'money'.

You will also want to familiarize yourself with the Microsoft Knowledge Base. Much of the support that you receive from both Microsoft and the newsgroups will refer you to Knowledge Base articles that are contained here.

Also, be sure to check out the main Microsoft Money support page. This page contains links to just about anything related to MS Money.

This is a terrific MS-Money FAQ that is frequently referenced in the microsoft.money.public newsgroup: microsoft.public.money Unofficial FAQ. This is by far the first place to go to look for information concerning the software and how it functions.

Here is a link also housed at bollar.org to an archived version of the FAQ that may provide information of benefit to folks who haven't upgraded in awhile.

MS-Money related thread links found here at FW Finance:

ING Direct free $50 for Microsoft Money users

Free Year of Experian Credit Reports/Monitoring WYB MSMoney2004

MS Money: How to setup Paycheck with mutiple direct deposits

Money2004Deluxe and Experian

What Software tracks Bonds and Money market CDs ?

MS Money Standard vs. Quicken to track teen checking account

How to record down payment for house in Quicken or Money??

Help with Quicken Basic 2004

How do you track your CDs in quicken?

Bank of America with Quicken

investment tracking - quicken replacement

do you use old versions of finance software?

Poll: software: quicken? money? tax stuff?

Post your favorite Free or low cost Finance software!

MS Money question

Accounts Management Tools

Recommend Program for balancing the books?

Online bill pay through Quicken

How do you organize your finances?

Money 2003 vs Quicken?

Finance Software: MS Money 2002, 2003 or other?

MS MONEY questions

Budgeting Software

Scottrade, IRA, and MS Money Questions

Money 2002 Deluxe vs. 2003 Deluxe?

Good PC program to help manage money?

MS Money vs Quicken.......... which one do YOU use?

Ms Money 2002 vs Quicken 2002?

Credit Card transactions downloadable to Quicken?

Money 2003 - Equifax CR

Newbie questions related to direct downloading and billpay

Money 2005 discussion

Current as of late 2004 Money vs. Quicken debate thread.

Finally, I will only add that you might want to check out the hot deals forum if you're interested in upgrading to the newest version of MS-Money Deluxe as it's frequently available free-after-rebate with many bonus offers including: free online billpay, free credit report and monitoring, etc.

Wow...great start zender. Thanks.

Nice work. Thanks!

zender- great job pulling all the links together. why not just make it the Money/Quicken FAQ, i've never used Money but i can't imagine it's all that different from quicken, and most the questions asked here are relevant to both usually. (as opposed to specific quirks in the software program that should be asked in the forums you mention)

kupop2 said: [Q]zender- great job pulling all the links together. why not just make it the Money/Quicken FAQ...I'm not at all opposed do doing that. We discussed this option in this thread and the concensus at the time was to have two threads.

What do others think?

One thing we would probably need though is somebody familiar with Quicken support to provide some comparable resources to those listed for Money in the OP.

edit to fix tags...

Bump & updated links in OP.

duplicate post - deleted.

Has anyone noticed that more and more banks are dropping MS Money and Quicken integration and pushing only web access? Integration allows direct bill payment just by typing the payee name or selecting it from a combo box.

ING did this a few months back and now my current bank BankDirect is doing the same now <img src="i/expressions/face-icon-small-sad.gif" border=0>

Time to look for a new bank....

Any have a bank that has free MS Money Electronic Bill Payment and Direct Statements?

thanks

fossils

I've been having a lot of trouble all of a sudden with quicken. Used it for 2 years with no problems, now all of a sudden stuff just doesn't download right. I'm fed up (reinstalled Quicken, fdisked, etc) - and going to try Money possible

Can anyone speak to the importing of quicken files? I only really care about the last year for tax reasons at this point, but it'd be nice to have everything. It looks like it's possible based on this

Any comments would be appreciated

amandaw33 said: [Q]I've been having a lot of trouble all of a sudden with quicken. Used it for 2 years with no problems, now all of a sudden stuff just doesn't download right. I'm fed up (reinstalled Quicken, fdisked, etc) - and going to try Money possible

Can anyone speak to the importing of quicken files? I only really care about the last year for tax reasons at this point, but it'd be nice to have everything. It looks like it's possible based on this

Any comments would be appreciated

You don't indicate what version of Quicken you're using. I know they just dropped support for online downloading for some of their older versions. I was using Quicken 2000 and just upgraded to Quicken 2004 for that very reason.

Check the Quicken web site for details to see if your version of Quicken was effected.

On a side note, Quicken seems to be trying to maximize their revenue through all sorts of means (so what else is new?).

In addition to "forcing" users of working versions of their products to needlessly upgrade (by virtue of the fact they have arbitrarily discontinued support), they are also raising the licensing fee to companies that want to use their QIF format to download data. I know of at least two brokerage firms that have discontinued providing downloads to Quicken because of (at least in part) the high cost that Quicken now wants to charge them to use the QIF format.



I've been using 2004 for awhile... was using 2003 previously... 2004 worked fine for a long time... now only downloads like 6/10 discover transactions... my pin vault randomly gets messed up.. etc... I validated, super validated, exported all my transactions and started a new quicken file... reinstalled... i feel like i've tried everything & am now looking to go to Money I guess.

Hoping importing works well. Anyone have any input on importing, how well it works, with something like a paycheck that is broken down into many sections?


Great Job Zender.

It looks like lot of banks are dropping support for direct download. You have to go to the website and then download the transactions. Kinda sucks.

amandaw33 said: [Q]I've been using 2004 for awhile... was using 2003 previously... 2004 worked fine for a long time... now only downloads like 6/10 discover transactions... my pin vault randomly gets messed up.. etc... I validated, super validated, exported all my transactions and started a new quicken file... reinstalled... i feel like i've tried everything & am now looking to go to Money I guess.

Hoping importing works well. Anyone have any input on importing, how well it works, with something like a paycheck that is broken down into many sections?

I have noticed a similar problem with Discover and MS Money 2003. 30% to 40% of the transactions did not download from Discover in April/May. With AMEX so far in one year there has been only 1 transaction that failed to download in money 2003.

pras

See this new thread that is also referenced below in the OP regarding direct download issues and questions.

MS Money 2005 has been announced and is scheduled to ship in September. Here's a link to a PC World review published last week.

It looks promising as the problematic web integration has purportedly been revamped.

Thanks Zender for keeping this thread up-to-date.

Thanks to your expert answers and advice in the forum on MSMoney, I have been using money04 for past few months and extremely happy with it (I am still learning and not using all the features though).

About web-integration, I am kind of skeptical on using the web-version of it as I donot trust the security from MS products in general.The only time I allow currently MSMoney to connect to net is to download the data from banks. But still I think, I will try out the web-part once.I learned not to underestiamte the power of these software tools, they make life so easy.

bozango123 said: [Q]Thanks Zender...About web-integration, I am kind of skeptical on using the web-version of it as I donot trust the security from MS products in general.I appreciate the kudo, bozango123. As for MS-Money and web security you might want to read this article concerning a recent problem that locked Money users out of their web-based accounts. By all accounts, Microsoft handled the problem poorly.

Money is a terrific product, but Microsoft needs to do some serious improvement before I'll try web integration of my Money data file.

Here's the Microsoft Money 2005 Fact Sheet direct from Microsoft. It's a decent overview of the product changes.

Microsoft Money 2005

Fact Sheet

Marking the product’s most significant development since Microsoft® Money was launched
13 years ago, Money 2005 has been completely rebuilt to deliver on the promise of personal finance software and meet the needs of the mainstream consumer. Until now, traditional personal finance programs required too much manual entry, didn’t offer the most current information from financial institutions, and weren’t easily accessible beyond one computer. Based on usability tests and consumer feedback, Microsoft Corp. designed the new version of Money to do more of the work for consumers, embrace the speed and convenience of online banking, and provide people with a holistic view of their finances — at work, at home or on the go.

Product
Overview: Microsoft Money 2005 Premium is the automated personal finance solution, providing consumers with a quick and easy way to view, improve and optimize their finances. Completely rebuilt for simplicity, Money makes handling finances easy with speedy setup, automated tools that reduce the need for manual entry, and adaptable Essential and Advanced features that enable a more personal experience. Following is an overview of the software’s new and enhanced features.

New and
Enhanced
Features: Easy Two-Step Setup
· Enhanced Setup Assistant. In just two easy steps, Money’s powerful automation enables consumers to get started using the software program and see a snapshot of their finances with little to no manual entry.

Handling Accounts
· Enhanced Account access. With connections to financial institutions nationwide, Money offers convenient access to timely account information, reducing the need for manual entry.
· New Essential Register. This register is designed for consumers who want just a basic view of accounts. Money automatically downloads account information, providing a current snapshot of statements and balances.
· Enhanced Advanced Register. With its new look and feel and resizable click-to-sort column headers, the Advanced Register provides more customization for people who want to manage their checkbook electronically by entering un-cleared transactions and personalizing their categories and e-pays.
· Enhanced Auto-categorization. Money automatically and smartly categorizes transactions, such as identifying Starbucks as “dining out,” to show people where their money is going.

Tracking and Paying Bills
· New Bills wizard. Whether consumers use MSN® Bill Pay or a bank’s online bill pay service, Money automatically tracks bills and identifies when they are paid and when they are due.
· Enhanced Bill Calendar. Integrated with the register, this calendar provides a basic snapshot of bills, or if a person prefers, more specific transaction details such as paychecks and investment purchases.

Budgeting, Spending and Generating Reports
· New Essential Budget. This budget transforms spending categories into a visual image of actual monthly spending, for comparisons with a person’s budget, monthly income vs. expenses and upcoming bills. Using the Advanced Budget, consumers can set up multiple budgets, track irregular or one-time expenses, and reallocate funds from various categories.
· Enhanced Favorite Categories. Once major trouble spots for overspending are identified in the Favorite Categories, Money automatically tracks their daily status and provides alerts when overspending occurs.
· Enhanced Spending Analysis. This powerful feature automatically generates a pie chart of expense categories over various time frames, and shows dollar amounts and percentage breakouts for each area. With the new Spending Average, people can view a monthly dollar average for spending per category based on past account data.
· Enhanced Reports Home. Money generates numerous reports and charts, enabling users to analyze key areas of their finances. Focused on spending and budgeting, Essential Reports provides important charts up front for an overview or text-only analyses of spending, debt and overall net worth. Advanced Reports provides more than 40 customizable, detailed reports and charts that delve into the specifics of a financial area.

Investing
· Enhanced Investing Home. Money’s redesigned Investing Home provides timely market information, an enhanced Portfolio Manager and an Investing Advisor FYI® module featuring recent alerts. This area also features a Q&A of commonly asked investing questions and links to commentary from MSN Money investing experts such as Jim Jubak.
– Enhanced Portfolio Manager. Money and MSN Money share the same award-winning Portfolio Manager, and Money users can directly download account information from brokerages nationwide. A beginning investor can set up a Watch Account through the Account Wizard to see the latest investment prices. Or more-serious investors can consult the Portfolio Manager to get a quick snapshot of investments and a closer look at details such as total return, total annualized return and 60 other performance factors.
o New Pop-up alerts. These convenient alerts notify people of significant news related to their stocks within the Portfolio Manager.
o New Stock split entries. Now the Portfolio Manager tracks stock splits in the transaction list, as well as the portfolio and transaction report.

Planning and Taxes
· Enhanced Planning Home. Updated with a new look and feel, this area automatically provides a snapshot of debt vs. expenses and easy access to recent planning-related Advisor FYI Alerts.
· New Planning Decision Centers. Money’s planning section features 27 Decision Centers that address everything from planning a dream retirement to getting the right insurance.
· Enhanced Taxes Home. Completely redesigned, the Taxes Home provides answers to frequently asked tax questions, up-to-date commentary from MSN Money expert Jeff Schnepper, and tools for filing a 1040 form or preparing a complicated Schedule D.

New Look and Feel
· Enhanced MSN Money integration. Money is more tightly integrated with the MSN Money personal finance Web site. The top and left navigation bars mirror those found on the site, and the software features timely content and popular tools from the award-winning site.
– New MSN Money News. This area features headlines from MSN Money, including articles from CNBC, MSNBC, Forbes.com and Briefing.com as well as relevant commentary from MSN Money’s experts on topics such as investing, spending and taxes.
– New MSN Money Decision Centers. In these centers, consumers will find useful tools, calculators and expert commentary relevant to a specific financial task, such as paying down debt or buying a home.
– New MSN Stock List. Consumers are able to set up investment holdings and view them across MSN as well as on mobile devices.
· Enhanced My Money home page. Money provides account balances, chart analysis of spending, upcoming bills, and investment positions and allocations, as well as the latest stock quotes and loan rates, in one place.

Easy Access
· Enhanced Anytime, anyplace access. Money enables users to view their account statements and balances, pay and track online bills and view investment holdings, any time, any place.
· New Multiuser access. Now the primary Money user can allow another person to view, monitor and manage the same Microsoft Money file from different locations without sharing passwords.
· Enhanced Help. Now online, the Help system is updated regularly based on consumers’ inquiries and feedback, making it easy to quickly get assistance in any area of the software, from accounts to taxes to investing.
· New Online Download. This year, consumers can purchase and download a licensed copy of Money online at http://www.microsoft.com/money/.

Money 2005
Versions
And Pricing: ● Microsoft Money 2005 Standard focuses on day-to-day financial management by automatically consolidating transactions to provide a snapshot of spending and budget.
· Microsoft Money 2005 Deluxe offers everything in Money Standard and makes it easy to organize taxes and manage credit with a free Experian credit report and one year of credit monitoring.*
· Microsoft Money 2005 Premium offers everything in Money Deluxe plus tools for optimizing investments and planning to reach long-term goals. Money Premium includes a one-year subscription to MONEY Magazine* and features the following free financial services:*
– Capital gains optimizer from GainsKeeper®
– Online tax preparation and e-filing from H&R Block
– Experian credit report and credit monitoring
· Microsoft Money 2005 Small Business helps with personal and small-business finances by automatically connecting online bank accounts, tracking inventory and managing payroll, to name a few examples. It features one year of free online payroll from PayCycle Inc.®,* in addition to all the financial services offered in Money Premium.







Product Pricing Estimated Retail Price Mail-In Rebate After Mail-In Rebate
Microsoft Money 2005 Standard $29.95 $10 $19.95**
Microsoft Money 2005 Deluxe $59.95 $20 $39.95**
Microsoft Money 2005 Premium $79.95 $30 $49.95**
Microsoft Money 2005 Small Business $89.95 $30 $59.95**

Format: Microsoft Windows® 98, Windows 2000 with Service Pack 3 and Windows XP operating systems
Top-Line System
Requirements: Recommended system requirements (all versions) are as follows:
· Multimedia PC with Pentium 166MHz or higher processor (or compatible); Pentium II 266 (or compatible) required for Windows XP; Pentium II 300 (or compatible) recommended
· 32 MB of RAM required, 64 MB recommended; 64 MB required for Windows XP, 128 MB recommended
· 130 MB of available hard disk space; 200 additional MB while installing product updates
· 2x or faster CD-ROM drive
· Super VGA monitor (800x600, 16-bit or greater color)
· Microsoft Mouse or compatible pointing device
· Microsoft Internet Explorer 6.0 software required and included. Up to an additional 60 MB of hard disk space may be required for Internet Explorer upgrade. This installation will not replace the user’s primary browser.
Availability: Money Deluxe 90-day downloadable trial versions are scheduled to be available in September 2004 at http://www.microsoft.com/money/.
Money Standard, Deluxe and Premium versions are scheduled to be available for purchase at retail or full download at http://www.microsoft.com/money/ in September 2004.
The following international versions are available:
· Canada (English)
· France
· Japan
· United Kingdom (English)
· United States (English)
#########
* Certain offer restrictions apply. See product packaging for offer details.
** Certain rebate offer restrictions apply. Actual retail prices may vary. See product packaging for offer details.

Microsoft, MSN, Advisor FYI and Windows are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

For more information, press only:
Karissa Sams, Weber Shandwick, (425) 452-5442, ksams@webershandwick.com

For information about the portfolio of Microsoft home software:
Log on to http://www.microsoft.com/discover/.


deleted...

Has anyone heard exactly when in September Money 2005 will be available? The only thing I have seen is simply "September."

According to Amazon, Sept 13th.

As noksagt stated previously Amazon is stating a 9/13 release date. You might want to hold off on buying immediately though as there is currently no upgrade rebate being offered with the product purchase. Typically Money is packaged with a $10-30 purchase rebate and a second upgrade rebate for competitive product upgrades. Last year there was also a free one year subscription to Money Magazine that could be converted into a $10 cash rebate. Costco had the first FAR offer on Money 2004 last year.

for what unholy reason does microsoft think you need a new Money program every year?

it's not a tax program, I think it's a stupid gimmick to get more money, and I am curious if FW'ers buy the newst version every year, or not?

It already has 1 rebate just to buy it.
Link to Rebate form.

veryhungry said: [Q]for what unholy reason does microsoft think you need a new Money program every year?

it's not a tax program, I think it's a stupid gimmick to get more money, and I am curious if FW'ers buy the newst version every year, or not?

My Dad is still running the DOS version of Managing Your Money. He gets real annoyed if any computer upgrades break his MYM but so far we've been able to keep it alive. We made one attempt to move him to Microsoft Money, he preferred MYM for what he did. Simple, fast, works.

I usually upgrade Money every year when the tax software starts offering the combined rebates that makes the upgrade free or close to it.

I updated the OP to include a link to the current Money 2005 discussion.

See my Hot Deals post here. .

Money 2005 Premium is now priced at $24.99 at Amazon after two rebates through 10/23/04.

The OP was updated to include the recent Money vs. Quicken thread.

Great job with this thread zender. I'm curious what verision you use and whether you have plans to upgrade...

DaveHanson said: [Q]Great job with this thread zender. I'm curious what verision you use and whether you have plans to upgrade...Thanks Dave. I'm currently running 2004 Deluxe and will be upgrading shortly to 2005 Premium. I'm interested in checking out the new GainsKeeper (Capital Gains Tax Optimizer) feature in that new version.



Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.

Thanks for visiting FatWallet.com. Join for free to remove this ad.

TRUSTe online privacy certification

While FatWallet makes every effort to post correct information, offers are subject to change without notice.
Some exclusions may apply based upon merchant policies.
© 1999-2014