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Article #35372

Re: personal finance packages

#35372
From: Margot Flowers
Date: Tue, 13 Dec 1988 01:13
49 lines
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In article <2669@copper.SDP.TEK.COM> jackd@copper.SDP.TEK.COM (Jack Decker) writes:
>MacMoney, the one I use, is
>OK for accounting but they seem to be falling behind the power curve
>in adding new features such as portfolio and tax handling. 

For tax handling, the MacMoney people have a conversion utility
written in hypercard which will extract data from MacMoney files and
produce a MacInTax file (if I understand their description correctly).
The way it finds out which data of yours belongs on the tax schedule
is by asking you for what category names you have used for various
pieces of information.  They are waiting until this year's release of
MacInTax to test and make sure it the file formats are still
compatible (eta Dec 19), and then they will ship it out to MacMoney
users at a cost of $7.50.  [This info all from talking to them on the
phone, I haven't seen it myself so hopefully these details are not
inaccurate.]

The MacInTax people have told me they've also send file format specs
to the Quicken people, so I presume there is something similar in the
works for Quicken.  

>As far as personal finance packages that manage portfolios go,
>Managing Your Money is the one to beat.  ...
>MYM, on the other hand, has all of this now and they seem
>committed to improving the product.  (2.0 just came out.)  

They told me there would be a new version of MacMoney this summer.
They were very responsive to some suggestions I made ("you're the
first one who has mentioned this, but it seems like a good idea...")
so it might be worth giving them some feedback on desired features.

On the subject of picking personal finance packages:  What kinds of
improvements are there in MYM compared to MacMoney for portfolio
management?

From various messages, I've gotten the impression that the significant
differences between Quicken & MacMoney are that MacMoney does
crossposting, can handle multiple accounts, and has ID codes as an
second dimension to the transaction categories; Quicken can print
custon designed checks with a laserwriter onto numberless check stock
and has more flexible reporting (some people have mentioned exporting
MacMoney to Excel for improved reporting).  Is this correct?  Are
there any other significant differences?  What improved personal
finance packages can convert or accept MacMoney data files, if one
wanted to convert?

Margot Flowers 
Flowers@CS.UCLA.EDU 
...!(uunet,rutgers,ucbvax,randvax)!cs.ucla.edu!flowers
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From: flowers@lanai.cs.ucla.edu (Margot Flowers)
Newsgroups: comp.sys.mac
Subject: Re: personal finance packages
Message-ID: <18833@shemp.CS.UCLA.EDU>
Date: 13 Dec 88 01:13:56 GMT
References: <SARREL.88Dec9120009@tut.cis.ohio-state.edu> <2669@copper.SDP.TEK.COM>
Sender: news@CS.UCLA.EDU
Reply-To: flowers@cs.ucla.edu (Margot Flowers)
Distribution: comp
Organization: UCLA Computer Science Department
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