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Microsoft Money 2003 Deluxe

Microsoft Money 2003 Deluxe

List Price: $59.99
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Product Info Reviews

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Rating: 1 stars
Summary: Very dissapointing
Review: I have been using Money software for years and every time I upgrade there is a several day adjusting period where I absoultely hate the new version. So it is understandable that after installing the Deluxe edition I wasn't that worried with how much I disliked the software. One month into using it I can definitely say that this is waste of money and time.

Microsoft has oversimplified and restricted the software. For example, if you have a debt plan you are not allowed to decide how much money should go to which debt account, Money decides for you! And if you are not happy with that decision, tough, the only way to enter the transactions is manually and then the debt account doesn't track them.

What a reviewer before me mentioned about pre-tax deductions from the paycheck not translating into retirement contributions is absolutely correct. So if you have several accounts, you have to do a lot of manual entering every month.

The software has 2 options for downloading your online statements. Normally you will use the first option (Direct Banking) to download your balance statement from the bank and the second one (Web service) to get your statements from your bill pay. However, Micorosoft has disabled the feature that allows the software to match these two statements (for people who don't know what I am talking about, eventually your bill paid through the bill pay will show up on your bank statement as well) and you end up with duplicate transactions. The only way to get rid of these is manually deleting each duplicate. The 2001 Deluxe had no trouble recognizing those transactions as duplicates.

The previous software also had a feature that allowed mortgage rates comparison and how much will you can save if you pay more to the principal each month and which was useful to me. It is gone in this version or buried somewhere, so I can't find it. Instead I have all these scenarios what will happen if I die or if another disaster strikes, which are of no use.

The porfolio part of the software is OK, meaning that it does what I need it to do: track 401K and my investments.

To sum up, I think that Microsoft doesn't test their products in real conditions or whoever is testing them, has no clue what is the purpose of the software. The new version is so restrictive that is not worth spending your time or money on it. If you have never, ever used any software for your finance, this one might be a good start, but if you have some experience and want some flexibility, look elsewhere.

***Update: I decided to tackle some of the issues I am having with customer support. It took me a month to clarify with customer support that the features I am looking for from the previous version are not in this one. I reinstalled 2001 and that is the end of this story. Hopefully I will get a refund on 2003.

Rating: 3 stars
Summary: Transaction matching not good
Review: I was a big fan of Money over Quicken. The best thing about Money was downloading your statement from the bank and having the transactions match themselves. You could reconcile your statement in less than 5 to 10 minutes. That was with Money 1999.
Unfortunately, current versions of Money have a problem with transaction matching. The logic they use is not as good as previous versions. Now I spend up to a half hour or more manually matching and unmatching mismatched transactions. If you have a previous version of Money you would be better off keeping it.(Microsoft knows about this problem and doesn't seem to have any intention of fixing it. Refer to Microsoft Knowledge Base Article - 317457.)

Rating: 1 stars
Summary: Product not as promised
Review: As a new treasurer for simple homeowners association, I purchased this product to manage the homeowner's fees and to keep track of association bills. I decided to try Money Business 2003 because it advertises that you can create or modify the invoice templates to taper to your business. (I wanted to change the fields from hours to months and quantity to rate... a simple request) No matter how I tried to modify an invoice it would not save. It appears this function does not work, I have read all the help areas, went to the website and all information states you need to click on modify a template to save. A "modify button" does not exist anywhere on the program. In order to get technical assistance from MS you have to pay ...So, I say forget this and buy a copy of Quicken.

Rating: 1 stars
Summary: Beware - MS Money 2003 Expires after one year!
Review: Please read the EULA (end user license agreement). Microsoft, in their usual sneaky fashion, have inserted a new clause that makes certain online update features expire after a certain period of time forcing you to purchase the next version of this software in 2004.

Rating: 1 stars
Summary: Beware - MS Money 2003 Expires after one year
Review: I purchased MS Money 2003. After opening the box, I discovered this little sheet inside it that said "Expiration of Certain Features" and basically explained that the most useful feature i.e. "Online quotes" will expire one year from activation requiring me to purchase MS Money 2004 or continue to use a piece of software that is pretty much useless.

I have been using MS Money for a couple of years (currently using Money 2002) but I will not install Money 2003 and will return the software. I would not recommend purchasing this software as it becomes useless after one year!

I would like Microsoft to remove this restriction on MS Money 2003 where certain features (actually the most useful features) expire in one year.

Rating: 1 stars
Summary: NT users beware
Review: I have Money 2002 running happily on my NT computer, and when I bought 2003 I didn't even think to check to see if it was compatible with NT (dumb!). It will not install at all, and there is nothing on Microsoft's website to suggest this will ever be changed. I like Money as a product, it got such a bad rating because I can't even use it.

Rating: 5 stars
Summary: Vable's Review of Microsoft Money
Review: I have been using the Money software for years. I find it to be an excellent tool for those who like to manage, as well as budget their finances. It is excellent as a personal money manager. It allows you to see and know what monies you have coming in and going out. I use it for budgeting, online services (bill pay)reconciling bank statements, planning for retirement and future goals, such as: a wedding,purchasing a car or home,or getting a loan.I love the debt planner. This feature allows you to set up a payment plan to get out of debt. An excellent tool for home or business.

Rating: 4 stars
Summary: NT is not supported!
Review: From the product description on the website it mentions that Money 2003 runs on NT. It does not! And is not mentioned as a supported system on the Money 2003 box either.

I am a user of Money 2001 and believe that once I am able to upgrade my laptop to a compatible OS, I will be equally satisfied with Money 2003.

Rating: 1 stars
Summary: Regretful Switcher
Review: I switched from Quicken to Money this year. The [money]I saved is not worth it AT ALL. I have had nothing but problems since - bugs and errors. I am switching back regardless of the price.

My advice: stay with Quicken and don't look back!

Rating: 2 stars
Summary: Don't buy this for the business features
Review: I have used MS money for several years, and found it to be an acceptable product. This year I upgrade to the business edition to help manage my small business. Unfortunately the program features provided for business are not complete enough to be useful. The limitations of the invoices are a good example. There is no way to record a discount given to a particular customer. Also, there is no way to record the credit card fee subtracted from each transaction. Finally the invoice is so rigid there is no way to annotate particular items with explanatory notes.

Also, several of my financial institutions are set up to interwork with Quicken, but do not interwork with Money.


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