Microsoft is ending its support of Microsoft Money, the desktop financial management software that feebly competed with Intuit Quicken. This comes as no surprise to me. Microsoft appeared to have given up on the Money product several years ago. Personally, I switched from Microsoft Money to Quicken in 2004. Although I was happy with Microsoft Money 2004 in the autumn of 2003, after trying the equivalent version of Quicken for several months I decided to permanently switch.
Quicken has not been perfect, but some of the interface drawbacks were outweighed by the superior reporting functionality and tracking of investments. I revisited Microsoft Money occasionally in the last few years but never saw a compelling reason to switch back. With Microsoft’s announcement, I am pleased with my decision.
After June 30, 2009, Microsoft Money Plus — the newer name for the desktop software — will no longer be available for retail purchase. The feature that allows bank activity to be downloaded and reconciled with the transactions entered in the software will cease to function after January 31, 2011. For those looking for a seamless switch, Microsoft is working on a file converter that will allow users to directly upgrade from Money to Quicken 2010.
While Intuit claims they are committed to to customers like myself who prefer the robust desktop application over the free and lightweight Quicken Online, I expect the company’s focus to continue shifting toward the more mainstream online product.