I live in the UK. Over two years ago I moved from Microsoft Money 2005, UK version. I expect the same comments apply to Money Plus. The move included just over 15 years of cash type accounts, Building Society, Bank, ISA and credit cards. 37 accounts in all, at the time only 5 still open. This involved a lot of repetitive work as each account has to be exported from MS Money as a QIF file, a corresponding account set up in Moneydance and then each QIF file imported into Moneydance. This went well. I transferred all my 37 bank type accounts, thus enabling Moneydance to link transfer between accounts and reconciled them to give the correct balances and in MS Money terms the correct date, payee, Category, Payment/Deposit and Balance. This gave me the full history of just over 15 years of this type of account. When you transfer your first open account it should have the correct date, Description (payee), Category, Payment/Deposit and Balance. You may have to enter the opening account balance. It will automatically set up all the accounts that are transferred to/from in the account you have just imported. They will be hidden in the right-side bar list but can be unhidden by clicking on the + at the bottom. The reason they are hidden is that their balances are wrong as you haven’t imported their data from MS Money. As you do so these accounts should sort itself out. Transferring one account takes about 2 to 3 minutes.
Investment accounts, fund, bonds etc., were more of a problem. I had to develop some work arounds to cover the way I had set up investments in MS Money which were not covered in the Moneydance transfer instructions. That said, once I had developed my workarounds things went well with only a little more work required compared to transferring cash type accounts. The only real issue was that investment prices history associated with each security investment are not exported by MS Money, only the price associated with a sell or buy. I had updated securities prices at the end of each month in MS Money and so had to manually enter price history into Moneydance. This of course only applies if you won’t this history in Moneydance. In MS Money I selected not to track cash transaction so the procedure
I had to follow was different than that outlined in the Moneydance Knowledge base article “Moving from MS Money to Moneydance”. see http://help.infinitekind.com/kb/importing-data-from-other-programs/...
But once I had developed a work around all went well. For this reason, I had only transferred investment accounts going back 6 years.
I does take a lot of work, but I am pleased with the result. Would it be right for you, only you can say.
I would suggest you download the free version and try thing out. That way you can get a feel for moneydance. See https://infinitekind.com/download-moneydance-personal-finance-software The only limitation on the free version is a maximum of 100 new transaction entries. There is no restriction on setting up accounts or transferring data into them from MS money. Give it a go.