Long time UK Quicken user looking to switch

David Wilson's Avatar

David Wilson

25 Jan, 2021 04:20 PM

I have been using Quicken Deluxe 2002 since it first became available and I have a substantial set of financial records that ideally I would like to keep.
I need the following from a financial management package:
1. UK currency and conventions
2. Ability to manage several accounts: current, credit cards, savings, loans, assets etc and to transfer between them.
3. Ability to generate customised reports.
4. Ability to import my bank transactions (QIF format or similar)

If possible it would also be nice to be able to migrate my Quicken data.

Is Moneydance right for me?

David Wilson

  1. 1 Posted by Stuart Beesley ... on 25 Jan, 2021 04:42 PM

    Stuart Beesley - JUST A FELLOW USER and Toolbox ‘guy’'s Avatar

    I switched from QD 2000 many years ago to MD. I am in the UK. I have the same requirements as you. The answer to all is YES......

    HOWEVER, you might need to run the import and adjust some of the txns; I had to do this.. Took a few hours... But then I was converted and I haven't looked back... It's a very much learn it yourself system... but it works well....

    If you don't like the reports, there are many extract scripts that have been written by users to take things to excel...

    You can use it for free in demo mode.. It's funny functional, but prevents new txns after you reach 100... You can test your import and see how it looks.. Try the reports...

  2. 2 Posted by jimrh on 02 Apr, 2021 06:16 PM

    jimrh's Avatar

    Not necessarily from the UK, but I was in the same boat as you back in 2018 when I decided that Quicken/Intuit/et.al had tweaked my beak long enough and I was getting heartily tired of their strong-arm tactics. Their new "All your base are belong to us" data subscription policy was the last of a very many straws that broke the camel's back.

    I eventually found Moneydance, did the swap, and never looked back.

    I don't know if you've ultimately decided to "take the plunge" or not, but I hope you have.

    My big issue/requirement was the ability to import and maintain the voluminous amount of financial data I had accumulated since 1989 or so. Actually, I could draw a line in the sand and say "anything before THIS date is not relevant" and only import relatively recent data as I could always go back to historical versions of Quicken to read old data if absolutely needed to. However, data from about Y2K and onward was fair game.

    The clincher was that you could download and install Moneydance - without buying a license and do the entire data import and begin massaging the data to see how well it works.

    Of course any data migration isn't necessarily going to be a walk in the park - but I've seen worse. Much much worse. The community support was stellar and it wasn't long before I planked down my cash and had a fully registered version.

    Are there issues here and there? Absolutely!
    Are there things I'd really like to strangle someone about sometimes? Without a doubt!
    Have I regretted making the jump? Never! My only regret is that I didn't jump ship on Quicken sooner.

    Let us all know what happened with your migration!

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