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'Accounting for a Better Life' is not primarily about Microsoft Moneyİ.
However, the author used Microsoft Money (MSM) as a general-purpose
accounting software package from the earliest version in the development
of his new Domestic Accounting model, based on what he calls Domestic
Well-Being (DWB).
Accordingly, all the examples and prototypes discussed in the book and
provided on the bonus CD are based on the use of MSM, together with a
general-purpose spreadsheet program.
The author does not specifically endorse the use of MSM and explains
that any general-purpose accounting package should be capable of being
used for DWBA provided it supports categorising transactions.
For those already familiar with MSM, learning to use Domestic Well-Being
Accounting (DWBA) should be very straightforward; requiring just an
understanding of double-entry for which MSM is not usually used, and the
specifics of the new focus on Domestic Well-Being and its associated
structure and reports.
With support for MSM dwindling, that's not a problem for those who use
it to implement DWBA - update is best using a semi-automated style
anyway because it forces you to remain aware of what is going on with
your finances. The main feature of MSM which will be lost is
direct and automated updates from banks.
Just continue to download statements from your banks and/or credit card
organisations in QIF format and then import the QIF files into MSM and
then check-off each transaction, making any editorial corrections to
each one that may be appropriate.
Also remember that if you wish to transfer data across language versions
of MSM, use export (separately for each account) and then import the
resulting QIF files using the option to Recover Accounts -
File/Import/Recover Acc ...). This ensures that the Category
information is brought across - but you will still have to manually
re-create any reports that you might have saved. You may also have
to reset some of the Account types in the new file as MSM guesses what
type is needed and appears not to always get it exactly right!
Click to learn
more about Microsoft Money products and versions.
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