treddy's dashboard

Hi,

I also had about 10 years worth of MS Money data that I was planning on importing into Moneydance...and I realized something...

In my closet, I had a bunch of papers dealing with bills, receipts, etc. Basically many years worth. Then one day, I realized that I never opened any of those boxes for years...so I basically shredded everything. It certainly was a liberating moment.

I did the same digitally when I started using Moneydance. Started with all of my accounts (about 12 of them) as of a certain date and never looked back...I think you'll save alot of frustration by not importing at all.

I don't think this is the same thing personally...it would be better to show an "E" (or some other symbol) in the cleared column instead of some esoteric "i" in the description...for the longest time, I kept trying to click on that thing until I figured out that my downloaded transactions were associated with "i"... At the very least, I think any transaction with an "i" should automatically have a "c" in the cleared column...

I believe I posed a similar reply to another comment in a different thread...

I don't think it's a terminology issue...as you download transactions, the downloaded transaction or the matching transaction that was downloaded should be marked as cleared. It's another handy feature that will make reconciliation that much easier. I have hundreds of credit card transactions per month to reconcile and there is no easy way as of now to do this automatically

MS Money actually has a feature to balance accounts. And the one click (or better, one shortcut key) made this function super easy. Online transactions were marked as cleared, then you run the balance wizard. After entering the ending balance and the statement date, money would provide a calculated final balance based on all of your cleared transactions. For me, it was almost always 100% balanced and Money would automatically changed the cleared transactions to reconciled. The only time it would never balance is when I mistakenly added a cash or debit transaction to my credit card account. And moving that transaction over to the other account was also pretty simple to do.

However, because there doesn't appear to be some tooling in Moneydance to ensure that your balances are reconciled (aside from a simple flag), as of now I'm not concerning myself with balancing accounts.

As expensive as Moneydance is compared to MS Money or Quicken, it certainly isn't as feature-rich as these other financial programs. The only advantage I see is the platform neutrality...but for some people that's not a big advantage (including me).