[moneydance] I've had it with Quicken for Windows! Anysuggestions from Quicken converts?

[Dal Pal (NSM)]

Got it on the capital gains! Sorry. You can see how often I sell stocks
these days! <g>

For the brokerage... Would some type of export/import work? Moneydance does
tab delimited so I'm assuming you could edit the transactions deleting ones
you don't want to import.

Another suggestion (but again I'm not an active trader) would be to transfer
total shares to the new account from the old account. (That's actually what
Janus did from their standpoint which loses all prior historical data and
what I did years ago in my old accounts. That's why I chose to just rename
my Janus account.) If your transactions are short-term, tho, probably
wouldn't be helpful but investments that are long-term cap gains shouldn't
make a difference other than for historical reference. Problem is in order
to really see how the stock is doing, you would have to review both accounts
so not sure that is viable.

	Leslee

-----Original Message-----
From: moneydance-info-bounces at moneydance.com
[mailto:moneydance-info-bounces at moneydance.com]On Behalf Of Mellow
Sent: Monday, March 09, 2009 16:06
To: moneydance-info at moneydance.com
Subject: Re: [moneydance] I've had it with Quicken for Windows!
Anysuggestions from Quicken converts?


Leslee, responding to your suggestions:

"I have my categories set up probably a lot differently than most folks so
that I can understand them. Anything that is NOT tax related begins with
'x-'. ... Would something like that help with the long and short term
capital gains?"

I have a similar setup.  I use my own categories that I created to capture
most taxable events (like business expenses), and it works very well.  But
reporting capital gains is very different.  I'm not talking about gains that
are distributed by a stock or mutual fund, which appear in the register and
can be assigned a proper category.  I'm talking about gains that are
realized from the sale of shares.  These gains are not directly entered into
any register; rather, they are calculated behind the scenes based on the
original purchase price and sale price of the shares sold.  Moneydance does
the proper calculations behind the scenes (as Quicken does), but it just
doesn't separate short and long term gains.  There's probably a way to
manually compute and track it, but that would defeat the purpose of having
software like this, especially when Quicken already has this feature.

"As for moving shares... I don't know if this will work but if you are
moving all shares from one brokerage to another, why not just rename the
account"

It seems to me that renaming the account only works if you are moving an
entire account to an entire new account.  In the past, I've had to merge
multiple accounts to a single brokerage, or transfer shares from one account
into another existing account.  In those situations, the renaming trick may
not work.  But your suggestion does make me think that a batch change of
some sort might work in the right situation.  I'll keep that in mind for the
future, although it seems like that could throw off cash balances, but I
haven't thought it through entirely.

Don't get me wrong:  I love Moneydance and want to use it full-time.  For
any software, you have to decide whether it does everything you need or want
it to do.  I'm not there with Moneydance yet, although it is SO close and
I'm willing to give it more time to add these things.




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