Hatrack River Forum: Financial Software Suggestions

This is topic Financial Software Suggestions in forum Books, Films, Food and Culture at Hatrack River Forum.

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Posted by BaoQingTian (Member # 8775) on :

I was wondering what financial software people here used and how they liked it. I'm mainly looking at Quicken 2006 Deluxe and MS Money Deluxe 2006. I'm especially interested in the opinions of those who have tried both. I'm swayed toward Money because I have a Dell Axim running PocketPC 2002 and I'd like to be able to add transactions with it and sync.

If anyone has any really awesome financial software from another company I would be happy to consider it. I'm mainly just considering the big two because my experience with small companies products is 0 support in 2 years and the product has disappeared.

My financial situation: 25 years old, married, recent college graduate in engineering with student loans.

Recommendations?

Posted by Dagonee (Member # 5818) on :

I use Quicken, and can attest that it works great. Every review I've read comparing Quicken and Money in the last 4 years or so has said that there's no reason to switch from one to the other. So if you won't be switching, and have a reason to use Money, I'd guess Money is good.

But that's not first-hand info. The only first-hand info I have is "Quicken rocks."

Posted by BaoQingTian (Member # 8775) on :

Does is sync to portable devices Dag? I haven't been able to find a yes or no on that on the web

Posted by Dagonee (Member # 5818) on :

Yes, but it costs extra.

Posted by Icarus (Member # 3162) on :

I use Excel. [Embarrassed]

And yes, it syncs with my PocketPC.

Posted by Historian (Member # 8858) on :

quote:
Originally posted by Icarus:
I use Excel.

And yes, it syncs with my PocketPC.

I'm sure that helps him a lot

+1 Icarus

Anywho...

I've used Money for 4 years because it syncs so easily with the Pocket PC, not to mention my Bank. I have multiple accounts with one bank and it handles it quite well.

Though I would recomend getting a version prior to the current release as it will save you money and you don't really get that many extra features. I'm still running Money 2004.

Posted by Icarus (Member # 3162) on :

quote:
Originally posted by Historian:
I'm sure that helps him a lot

+1 Icarus

Anywho...

-1 Icarus

Posted by TomDavidson (Member # 124) on :

I use Money, especially in conjunction with PDA usage and online banking, and like it quite a lot.

Posted by quidscribis (Member # 5124) on :

You don't mention your purpose in using it. Is it to keep track of personal finances, or are you planning to use it to keep track of small business finances, or what? Yes, it does make a difference.

If you're talking about personal finances only, or even adding a hobby business with only occasional income from other sources, then either of those two are perfectly fine.

If you're planning on using it to keep track of small business income, then I would tend to go with something like Quickbooks or Peachtree simply because they're set up to handle Accounts Receivable and Accounts Payable properly and more easily, whereas Quicken and Money are not (or, were not in the latest incarnations that I used).

Posted by Amanecer (Member # 4068) on :

I've used Quicken for the past two years and I love it. I like being able to look at its reports of where I spend my money. [Smile]