MD on a Mac
Don
I am a long time Quicken (on a PC) user and just updated to
Quicken 2007 for Lion on a new Mac (yes 2007 IS the latest
version). I'm very disappointed with the feature set for Quicken
for Mac and thinking of trying MD. A few questions;
1- Do bond prices download in MD. They do not in Quicken 2007.
Trying to track Net Worth when you have 20 or more bonds means
entering each price from your brokers web site!
2- I use bill pay through Wells F bank. Can I split the categories
- say for a credit card bill that may have 15 or more
categories.
Thanks, Don
2 Posted by -Kevin N. on 15 Jun, 2012 08:12 PM
Hi Don,
1 - I no longer hold any individual bonds so don't take this as gospel but I don't think downloading bond prices directly into MD is automatic. MD's quotes & exchange rates updater gleans its data from yahoo.finance through ticker symbols. Correct me if I'm wrong but I believe that bonds are updated by CUSIP.
2 - In MD, individual Credit Card charges along with their associated categories are entered / downloaded into a Credit Card account. When payment is due an aggregate payment is made from a Checking or Savings account.
You can download a fully functional free trial version of Moneydance to get a feel for it. It has a limit of 100 manually entered txns. (imported txns don't count)
If you decide to purchase a license key, entering the key will unlock the limit and you won't lose any data that was previously entered.
HTH -Kevin N
3 Posted by murkee on 16 Jun, 2012 07:50 AM
I'm downloading one bond - and that works fine. Getting MD to download at all isn't 'out of the box' as it needs a (free) extension(*) - but once set up, it's automatic. Instructions are all online.
(*) Unless the extension is now bundled, it's been a while since I did it.
4 Posted by -Kevin N. on 16 Jun, 2012 11:33 AM
Hi murkee,
Thank you for the clarification regarding bond updates.
Are you using the bond's CUSIP number to garner the quote?
-Kevin N
5 Posted by Don on 16 Jun, 2012 04:47 PM
Thanks, I'l try the CUSIP #.
OK, I understand that I'll be able to put categories on the credit card items. I assume this means that if I run an expense report by category the detail is picked up from the credit card account. How is the aggregated credit card payment treated?
Don
6 Posted by murkee on 16 Jun, 2012 04:50 PM
Tesco 5.2% 2018 Bond
Ticker TS52
No idea if that's cusip....
7 Posted by murkee on 16 Jun, 2012 04:52 PM
The payment is a transfer between accounts.
Spending on credit card builds up debt.
Spending on current account reduces credit.
The total spending reduces your net worth... however, a transfer to credit card (aka a payment) is effectively spending on current account but reducing debt, so your net worth is unchanged. It's not an outgoing from your net worth, but a reallocation of your resources.
8 Posted by Don on 16 Jun, 2012 05:17 PM
Thanks