Considering moving from Quicken


P

pk

I currently run quicken 2002 in widows XP and am considering upgrading. I'd
appreciate advice wrt Money.

In quicken I operate two separate data files: One domestic and one small
business so that I have complete separation of banks, credit cards for the
two.

Years (too many!) ago when first setting up our home pc, I looked at money
and it seemed either not possible to do this in money or at any rate much
easier in quicken, so that is where I have been ever since through several
upgrade steps.

What is the position now?

Also, I see from the us site there is a small business edition that does not
appear to be available in the auk. I need the P&L and other business reports
that quicken small business gives me. Can I get them in money?

Any advice?

TIA

Paul
 
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G

Glyn Simpson, MVP

You've always been able to have as many money files as you like, so there is
no problem in having one for business and one for domestic.

There is NO business version for the UK. the last one was Money 2002
Personal and Business. So business reports are not available.
 
D

DaveEv

I see on www.quicken.co.uk that Intuit have left the island ... not a lot of
choice, its Money or something like Sage or whatever those business packages
are. Quicken is no longer available in the UK ...

I've been a Quicken user for years, I have been using Money for about 2
months now ... it is harder to use, has many similar features but seem 100%
focussed on the home user and not the very, very small business, pity.

I am going to stick with it ... just wish it was friendlier and more
intuitive. Reconciling seems a very lottery like experience ..

Dave
 
P

pk

DaveEv said:
I see on www.quicken.co.uk that Intuit have left the island ... not a
lot of choice, its Money or something like Sage or whatever those
business packages are. Quicken is no longer available in the UK ...

I've been a Quicken user for years, I have been using Money for about
2 months now ... it is harder to use, has many similar features but
seem 100% focussed on the home user and not the very, very small
business, pity.

I am going to stick with it ... just wish it was friendlier and more
intuitive. Reconciling seems a very lottery like experience ..

I's a bugger. Quicken is perfect for my low key part time business. I
suppse i just carry on using quicken 2002.

Why do microsoft not do a uk small busines money package? Could i get hold
of one from the us and use it here?

pk
 
B

Bob Peel MVP

RE you last point definitely not! Even if you could get it to work
(doubtful), your accountant wouldn't be happy nor would Gordon Brown's merry
gang!
 
P

pk

Bob said:
RE you last point definitely not! Even if you could get it to work
(doubtful), your accountant wouldn't be happy nor would Gordon
Brown's merry gang!

I don't have an accountant - yes the business is that small!.

What I do in quicken is categorise expenses and allocate to classes. Class =
customer.

Category report = spending analysis by type

Class analysis = spending and income analysis by customer.

Profit and loss report = input into hand prepared tax return

all the other Quicken guff I do not use.

Would I be able to do similar with the us version of money small business???

pk
 
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S

Sable

I have been a long time user of Money, and will remain a user gomg forward.
It really suits my personal needs.

Based on the business size / type you describe I would recommend something
like Sage Instant Accounts instead, although you would need to understand
book-keeping to be able to use it properly.

Sable

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C

Cal Learner

I don't have an accountant - yes the business is that small!.

What I do in quicken is categorise expenses and allocate to classes. Class =
customer.

Category report = spending analysis by type

Class analysis = spending and income analysis by customer.

Profit and loss report = input into hand prepared tax return

all the other Quicken guff I do not use.

Would I be able to do similar with the us version of money small business???
I think yes, but I also think you could do this with US Deluxe or UK
Standard. UK Standard would be the better choice for other reasons
probably. I would try the UK free trial. You can run both Quicken
and Money together.

Note what you call "Class", Money calls "Classification". You can
have two Classifications, one of which you would call Customer. Most
people do not use Classification.

Learning to Customise reports will be key to both evaluating and
using Money for your uses.

One thing the US Business version can do that UK Standard cannot
would be to make invoices. However the customisation is limited, and
may not meet the needs of somebody dealing with VAT. I don't know
about that; I don't use the business version.

There have been two really odd things recently reported from people
converting Quicken files: Categories that exactly match default
Money categories have been eliminated. The workaround has been to
rename the Quicken categories first.

The other thing is that investments without symbols have had
problems. The workaround is to create a non-existent alphanumeric
symbol for investments without symbols before conversion.

The other non-recent workaround is to undo any custom investment
types back to standard ones. Those get converted to unit
shares/funds.
 

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