Moving from MS Money to KMyMoney

coin stacks, by PPDIGITAL

At last. I’m free of Microsoft Money, and therefore very close to being free of all my old proprietary applications. I’ve settled on KMyMoney2 as a capable free-as-in-freedom bookkeeping replacement. It doesn’t do everything that I was able to do in Money, but I can live with that while hoping some of my “wants” find their way in to later versions. And in the meantime I appreciate the more streamlined look and feel of KMyMoney. It does the necessary tasks for me and doesn’t feel as heavy as Money. And it’s free. Did I mention that?

One obstacle in moving away from Money is the amount of data I have squirreled away in there. Twelve years worth, going back to 1995. I didn’t look forward to migrating all of that to GnuCash or KMyMoney (the two main candidates for this move). The solution turned out to be simple: let it go. Start out fresh with the new application. I’d recommend the same to you if you are in a similar position. The new year is a perfect time to make the cutover. Believe me, I’m as obsessive as anyone and enjoyed having all that data to crunch, but it has been quite liberating to let it go and start anew. I did end up importing several of my accounts into a separate KMyMoney file, however, to keep some of the historical record more easily at hand, and my notes on that process may help you if you’re trying to move your data over.

So: what follows are random observations on my experience making the switch and how the two applications compare in some areas. I’ll mention features I use and don’t use to hopefully give you an idea if KMyMoney may work for you. (Or, you can just start using the application. You’d probably have it set up in the time it takes to read this. It’s a long’un!)

Hey! Thanks to PPDIGITAL for sharing “Coin Stacks” under the Creative Commons Attribution License.

What about GnuCash?

First, why not GnuCash? It’s arguably more established and feature-filled, and is a GNOME-based application, making it better integrated with my Ubuntu GNOME desktop. Whereas KMyMoney is one of those foreign KDE apps.

It’s easier to answer the GNOME vs. KDE question. I really don’t care much about that. I like GNOME, but I’ll use any KDE app over a native GNOME app if it suits my purposes. They’re both free desktops. Can’t we all just get along?

Other than that, GnuCash was my first choice, but I couldn’t get in to it. From everything I hear, I believe it is an excellent and powerful piece of software, but it just didn’t feel right to my MS Money-formed habits. Please don’t take it as an offense if you think GnuCash is the last word in free software finance; just dismiss me as someone too thick to get it, and who’s opinion is obviously worthless. :-)

I suspect GnuCash has many more features for business owners, but since I’m only managing my personal finances, I don’t miss that.

An example of something that really threw me is the apparent lack of “payee” handling. From MS Money, I’m used to thinking of things in terms of categories and payees, but I couldn’t see where GnuCash really managed payees as a separate entity. I’m guessing this is essentially handled, and you can go ahead and enlighten me if you wish, but I’m just telling you how it was for me. (And it’s too late to change now!)

I see that there is a Windows version of GnuCash, which may have swayed me a few years ago had it been available when I was looking for it. If you’re trying to use free software and haven’t managed to escape Windows’ gravitational pull yet, you might want to look at GnuCash. Every app that you have waiting for you on the other side is a bonus.

I’m guessing I could have found GnuHappiness with GnuCash, but there was the alternative to try…

KMyMoney First Thoughts

Why couldn’t they call it KMoney?! I’m not a big fan of the “My” prefix in software, and KMyMoney just looks and sounds awkward. But I quibble.

Once I made the decision to start fresh, it was very easy to start using My new finance program. If you’ve used Money or Quicken, you probably won’t have much trouble starting a new file in KMyMoney. It didn’t take long to set up all of my active accounts.

As mentioned, I like the organization of the application. It has a clean interface and it is fairly easy to navigate around and find things. It’s mostly straight-forward to accomplish routine tasks. I’ll mention some specific areas for improvement — in my opinion! — in the sections below.

I had thought to do parallel entry for at least a month in MS Money (which I’m running in WinXP in VirtualBox), but I’m so comfortable with KMyMoney’s feng shui after using it for a week that I’ve already stopped entering new transactions in Money.

All right! Let’s meander around some of the specific jobs we want to do in personal finance applications. No, wait. Before that:

A Note About Versions

I’m running Ubuntu 7.04 (Feisty Fawn) on my main desktop, and the version of KMyMoney I installed through Synaptic is 0.8.5. (Technically, it’s KMyMoney2, I think.) According to a mailing list announcement, this version was released in September 2006. I tried installing the latest .deb file and got a complaint about a KDE library dependency problem.

But that’s ok. 0.8.5 seems quite stable. Just keep in mind that I’m reporting on an older version and some of my lamentations might be addressed in later releases, although I also installed 0.8.7 (or 0.8.8?) on my Ubuntu 7.10 (Gutsy Gibbon) laptop, and in my brief look so far it appears much the same.

(Also keep in mind that I might be crying about the lack of things that are doable today, but I just haven’t uncovered them yet. It’s early days yet.)

For MS Money, I’m using the 2004 Standard edition.

Payees

I like that payees have a prominent place in the scheme of things, with a button on the side toolbar. You can see your list of payees, edit the name and enter information about them, and see a list of all transactions for that payee, similar to how things work in MS Money. I’ll have more to say about payee reports in the reporting section below.

Classes / Classifications

It would be more logical to cover categories after payees, but I want to mention classes first because then I can talk about them in the categories section. MS Money allows you to define classes, which are sort of related to categories. One of the ways I use them is to track automobile expenses by individual car. Yes, I’m that compulsive. (I wrote up a little example in a previous post which illustrates the idea if you aren’t familiar with MS Money-style classifications.)

KMyMoney has nothing like this, so unfortunately I’ll have to do without. I can get by without it, but it was nice to have and I’ll miss it. I had thought maybe I could use them to track all of our child expenditures and then one day present our daughter with a bill.

Classes weren’t the easiest thing to catch on to in Money, and I didn’t use them for the first several years because I didn’t understand what they were or what they could do for me. A simpler tag scheme could be implemented in KMyMoney where you could apply one or more tags to each transaction (or split entry), but I’m sure this would be low on the priority list.

Categories

You can create nested categories to at least three levels (and probably more but I’ve only tried three so far). For example, you could have:

Food           #category
Food : Groceries     #subcategory
Food : Groceries : Meat	 #ocd subcategory

No, I’m not quite that compulsive about tracking food expenses! But I would like to track those individual automobile expenses, maybe like this:

Car : Gas : 1998 Saturn
Car : Gas : 2001 Honda
Car : Maintenance : 1998 Saturn
Car : Maintenance : 2001 Honda

And then run reports to see consolidated numbers and by individual car, but it doesn’t seem to work that way. So again, alas, I’ll have to let the classifications from MS Money go.

Deleting/Merging Categories

You can’t delete a category in KMyMoney if there are transactions assigned to it. This may be a good thing and is probably some basic law of double-entry accounting physics, but you should be able to reassign transactions in a category to another. This is what MS Money gives you the opportunity to do when you want to delete a category.

In 12 years of using Money, my usage and habits changed frequently, and I moved things around quite a bit as I developed a system to work with my changing circumstances and tracking requirements. By now I’ve worked out the pigeon-holes within which to file my life pretty well, so hopefully I won’t want to rearrange things anytime soon, but there’s always change. I hope this feature gets added eventually.

Glitch with Creating Categories

If you try to create a subcategory with the same name as a top level category (any top level category — not just the one you’re creating under), KMyMoney will complain that there is already a category with that name. A workaround is to rename the top level category, create your subcategory, and then re-rename the top level one.

Nice Category Feature

When entering transactions, you can start typing a subcategory and KMyMoney will quickly narrow the list down for you. MS Money does something similar, but the K way is better for me.

Wants

I want to be able to see a list of all transactions for a category/subcategory the way I can for payees, and the way that MS Money allows you to do. There are some reporting options for this, but it would be really nice to have available at a more transactional level also.

Oh, another thing is if you’re entering in split transactions, it doesn’t appear possible to use the keyboard to do everything. You have to click with the mouse to get text entry started for the category. Instinct says that the “enter” key should accomplish the same thing. It’s cumbersome to switch back and forth between keyboard and mouse.

Scheduling

This one was a concern. When I finally found and started using the bill scheduler in MS Money, it was a huge time saver. I tended to use this as a budgeting mechanism, putting most regularly occurring expenses in my checking account, and entering them in 1-3 months in advance. Then I could scan through my check ledger and look for red numbers to make sure my cash flow covered everything. This was something I couldn’t see living without.

I’m happy to report that the KMyMoney scheduler works very well. It has plenty of options for scheduling recurring transactions.

There is a feature to automatically enter transactions “N” days in advance, which is super. Maybe Money had this and I just didn’t notice it or realize how nice it would be. It was pretty easy to plow through and enter a batch of future transactions every so often there, just by repeatedly hitting the enter key, so I guess I never had motivation to try something different. In KMyMoney, it’s a bit clumsy to enter in scheduled transactions — I think you get two different prompts asking if you really want to enter one. But with the auto-enter feature, transactions mostly get handled without interrogation when you start the application. (It appears you have to manually enter mortgage payments, however.)

The future entries show up in ledgers just like in MS Money, although unfortunately not with red numbers when you fall below zero, which would make them stand out better.

There is only one big shortcoming with the scheduler. Once you create a scheduled transaction, you can’t change the date on it. You have to either enter the next one and then change the date in the ledger, or you have to delete and recreate it. I’ve seen on the mailing list where this is something that should be fixed in the future.

Loans

The loan setup wizard made it easy to set up my mortgage. It created an entry in the scheduler for the payments, but I had a problem with the first payment. The entire amount was applied to principal. (Wouldn’t that be nice.) I fixed that entry and then the next one was entered correctly.

Investments

Investment account setup worked fine and should be easy to use if you’ve done investments in Money or Quicken. You can set up brokerage (cash) accounts to go with your investment accounts. Transaction entries look like they will be ok also, although I haven’t entered one yet.

I read one review where the writer was confused because when he got to investments, he had to right-click to get necessary options, where earlier things had been available on the toolbar. It would be nice if the toolbar was more context-sensitive, but it’s natural for me to use the right-button to discover things that can be done, so I hardly noticed.

Online quotes work ok but I wish you could see +/- for the new price over the last price, and I also wish you could get a number showing you your overall gain or loss on the day.

I don’t think stock splits are supported yet. Not a huge problem for me, but is a serious short-coming if still true.

Investment reports don’t seem to tell all that much, although I didn’t find Money’s investment reports to be that helpful either. I have an OO.o Calc spreadsheet that I use to run some basic performance numbers on. I’m almost entirely a buy-and-hold index fund kind of investor, so I don’t worry too much about this stuff.

Online Banking

I know this is a big one for a lot of people, so I’m sorry I have little to report. KMyMoney has some online banking features, but I’m not using them so I don’t know what they can do. I didn’t use MS Money for online banking either. I handle a lot of my finance stuff online, but I don’t want/need to use my money program for this.

Reports

There are some good reports included, but this is an area that needs some work. (Or I need to learn some more.) MS Money is quite flexible with the kinds of reports you can run.

One thing needed is better summary reporting. I’d like to be able to list all payees and how much money total has gone to each, and the same for categories. Also would like to see more options for what goes in the rows and columns, and have multicolumn reports with multiple years. For example, I don’t think I can generate a report like this:

Payee                2004  2005  2006  Total
             
M.U.L.Es 'R' Us     $  78 $  -  $ 128  $ 206
Irata Outfitters    $ 875 $ 123 $ 657  $1655
Smithoreens         $  52 $  21 $  78  $ 151

Total               $1005 $ 144 $ 863  $2012

Which is likewise not available with categories. I like getting high-level, multiple year views of spending.

Some of the reports look ok and will be useful. The “Income & Expenses” report is good, for example, except that it doesn’t let you look at years in multiple columns. But, I don’t have a lot of data and haven’t experimented much yet. This isn’t something I’m especially worried about. I’m sure they’ll get more comprehensive in time.

Performance / Longevity

It’s very early going so I can’t say much about how KMyMoney will perform with thousands and thousands of entries over many years, but I did import a number of old entries from Money (described in the next section) and can report on what I saw.

With several of my largest transactional accounts (checking and credit cards) imported into an “archive” .kmy file, it grew to 777KB. These files are actually just gzipped XML. The uncompressed file is 9.2MB, and wc tells me it contains 114,136 lines. It takes a little while to open the file (although note that MS Money took its time loading my 35MB .mny file), and then kmymoney2 takes almost 200MB of memory. My “active” .kmy file is 16KB compressed, and kmymoney2 consumes about 36MB when it’s open.

With the big file, performance seems fine after the initial load, although I haven’t done much with the old data. Working with the small file, the interface is very responsive.

Time will tell. People complain about MS Money files being all bloated, but 35MB wasn’t a big deal for me. The key thing was that it was very stable over the years. There was just one time I had some problems opening my .mny file, and upgrading to a new version took care of that.

I’m optimistic based on what I’ve seen so far.

(Update: I should mention that KMyMoney appears to be pretty well-established and has a good community of users and developers. It’s been around for a while and I expect it has enough momentum to carry on and thrive.)

Migration (QIF Export/Import)

Almost finally, some notes on migration. I’ll recommend again that you start fresh with a new file, but if you really want to try salvaging your MS Money data, or if you’re like me and want to capture some accounts in an archive file, I hope these tips will help:

  • Create a copy of your MS Money file and make the below suggested preparatory changes in the copy.
  • You should make account and category names match between the two programs before you export from MS Money. You especially want the categories to match so you’re not constantly having to select where things go. Don’t use forward slashes in your category names since these don’t seem to survive the QIF export. Not sure about ampersands (&).
  • If you are using the classes/classifications in MS Money that I described above, delete them before exporting your accounts.
  • Payees are automatically created in KMyMoney if you remember to check a box for it during the import process. (Or maybe it’s checked by default.)
  • “Loose” QIF exports from Money work fine. You have to export each account separately, and you have to reopen closed accounts if you want to export them. It’s probably a good idea to export everything and then zip up the files for permanent archival purposes. You never know, you may be able to revive them at a later date, or may need to scour through them if you fall under investigation for tax fraud. QIF files are very readable.
  • Loans and mortgages don’t seem to transfer very well. KMyMoney wanted to assign things to categories instead of accounts. I wouldn’t expect much in this area since loans have special requirements.
  • Some kinds of duplicate data in transfers between accounts is handled ok.

    For example, let’s say you export your checking and credit card accounts which have regular payments (transfers) between the two. These transfers are not part of split transactions. Then you import the checking account into KMyMoney first. You can see that the transfers show up in your credit card account. Now if you import the credit card QIF file, it doesn’t double up on those transfers, even though they all appear in the credit card export file also. KMyMoney is able to assume that they are duplicates, apparently.

    But in another scenario, what if you have paychecks going into your checking account in split transactions, with some of the money going to an investment account. When you import both sets of QIF files, duplicate transfers are created in each account. You have an opportunity to review transactions before importing and can delete or modify entries, but that would be a lot of work for years and years and years of transactions. This is probably the biggest obstacle to moving your data over intact from one application to the other.

I spent some time working on the export/import process, but in the end only got it working at a crude enough level to save my transactional data. You might be able to get things moved over much more nicely if you work at it.

Thanks, KMyMoney Team!

I really appreciate the effort people have put in to this program. Sure I gripe about a few petty features I’d like to see, but overall I’m just thankful that people are so generous with their time and work so hard on great free software like KMyMoney. (Even if I bitch about the name also.) :-)

Related Links

43 thoughts on “Moving from MS Money to KMyMoney

  1. Great job Scott! I made this jump a while back myself…the last application holding me back was MS Money!!! I’m curious, what are the other applications that are holding you back from making a fully jump over?

  2. Thanks, Tom. Actually, I’m pretty much there — when I wrote “very close” above, I was thinking of a PIM program I had written in VB. I still needed to write some code to export its datebook information in the .ics format, and to export notes in a way that could be easily imported in to Tomboy. And that’s done now.

    Still need to import the notes, which will be the subject of another post.

    However, for this year at least, since I have a license for WinXP that I’m running in VirtualBox, I’ll do my taxes using TaxCut. To me that’s just a small dependence on proprietary software, which may be the subject of another post also.

    For yet another post, I’m sure I’ll have more to say about the whole thing.

    So stick around, looks like there will be many exciting episodes ahead here. :-)

    Thanks for commenting. It’s great to here from other movers!

  3. Maybe I am interpreting your TaxCut comment incorrectly but TurboTax is the tax software while TaxCut is the online web browser version. They do a version check on the web version which fails for Linux but they allow you to continue if you like. I have been using TaxCut with Linux and Firefox since 2003. So if TurboTax is your last piece of proprietary software then there is an immediate solution for you.

    BTW I have been on KMM for 15 months and loving it. I can not wait for charting and budgeting (something like monthly rolling averages) to be released! 0.9/1.0 is looking to be a ways off.

  4. Hi, Curtis.

    Intuit makes TurboTax, and I think they have both a desktop and a web version. H&R Block (formerly Kiplinger) makes TaxCut, and I’m guessing they also have a web version in addition to the desktop version. (Maybe you’re actually using the H&R Block web TaxCut.) I’ve been using the desktop version of TaxCut for years.

    I’ve considered preparing my taxes with an online service, but for now prefer keeping all that information on my local machine and just submit the finished return. Although, thinking about that now, I wonder if Intuit and H&R Block are still relaying the information to the IRS, so that I’m already trusting them with all my information? Maybe next year I’ll give it a closer look. Probably is cheaper also.

    I’m looking forward to some enhancements for KMM also, especially in the reporting area. I do my budgeting by allowing it to enter in scheduled transactions 45+ days in advance, which gives me a pretty good idea about how I’m doing with cash flow.

  5. Off topic, but, have you looked at TaxACT (TaxACT.COM). About 1/2 the price of the other 2. I have use it for the last two years – the year before I worked for Block.

  6. Hi, Hal. I’d heard of TaxACT once upon a time and took a quick look tonight after reading your comment. If I start using an online service I’ll be sure to look at it again.

    Do these online services let you generate a PDF file of your return? Starting in last year’s version, TaxCut has had the option to generate PDFs. This year I was able to make a “for filing” and a “for records” version.

  7. Hello, I really liked your review. I found it through the KMyMoney website. Full disclosure: I’m one of KMyMoney developers (mostly forecast and reports)
    Some of the features you mentioned as wishes are included in the CVS version, which is normally stable but not recommended for production (though a lot of ppl use it anyway, myself included). Also, one thing to note is that version 0.8.x are mostly bug-fix versions, and dont receive many new features since there was a big code overhaul since then and it is hard to backport them. Current CVS version will become 1.0 at some point, hopefully this year.
    So, if you want to give the CVS version a try, you can find a few surprises, though it is not all there. Anyway, I would like more of your input for new features. (Classes, or something like that, is one of those things we have been reviewing for some time, for example) And your view on reports was really good too.
    Thanks again.
    Regards, Alvaro

  8. Hi, Alvaro. Thanks for stopping by and commenting. Up till now in moving to GNU/Linux, I haven’t been compiling any programs from source, but now that I’m moved over I might start dabbling with more of that. I’m curious to see what’s coming up, and would also be happy to offer additional feedback.

  9. Nice write-up Scott! I switched from being a long time MS Money user (since about 1995 or so like you) just over 2 years ago and haven’t looked back. Also like you, I went ‘cold turkey’ and started using KMyMoney from scratch at the beginning of the year (2006). Strangely enough, personal finance software wasn’t the last piece of software that kept me on the Windows treadmill (that was a PIM — I use Kontact now) but I was sure glad to find KMyMoney and even more pleased that it has steadily been improving since I started using it!

    Kudos to the KMyMoney development team!

  10. Great article – it’s inspired me to look at KMyMoney as well. Ms Money is the last thing making me keep a windows VM lying around (and I’ve been using linux since 1994!).

    One thing I do like in MS Money is the Cash Flow forecast graph – I’m a very visual person. Anything like that in KMyMoney?

  11. Hi, John. Thanks, and glad to hear it!

    Just taking a look now, I don’t see anything like the cash flow forecast. I don’t think there is a lot for budgeting in the version I have, but I’m a little bit behind. (I suppose it’s time to figure out how to compile the latest version.)

    My budgeting method where I enter transactions 45 days ahead is working fine in KMyMoney as it did in MS Money. (Although it’s less trouble now since I let the transactions be entered automatically.) But of course that’s not especially visual. :-)

  12. Hi Again, Scott

    Well, I’ve created a complete set of accounts (no importing) in the current stable release of KMyMoney and it’s as you say – rock solid reporting and recording but virtually nothing in the way of forecasting or prediction.

    I’ve just checked out the current release version and it’s compiling as we speak. I’m not sure why I’m apprehensive – I’m fairly new to package managers having ran bleeding edge built-from-source stuff for years :) I’m blogging my progress anyway – http://www.nelefa.org.

  13. Hi Scott, very nice report and great food for thought. I just recently installed Ubuntu 7.10 on an old PC in the house to setup a game server for my wife. I have been very impressed with Ubuntu that I am considering making the switch again. I’ve dabbled with Linux off and on for years.

    So, now I am researching the Windows applications that I use regularly, to see if I can make the transition. I’ve used a few different personal financial programs over the years since around 1992. I still think one of my favorites was MYM (Managing your Money) by Andrew Tobias. As I recall around 10 years ago they stopped making MYM and I had a trial offer the MS Money to go with my Windows 95 install.

    I used MS Money till around the 2005 version when they started getting more crazy with their integration with the MSN website. I had numerous problems and made the switch to Quicken. I’ve been using the Quicken Home and Business version the last couple years – Currently using the 2008 version.

    Your review is encouraging enough that I will take a look at it and put it through some paces. I might need to dual boot for a while, but it seems like I might be closer to being able to let go of MS. (Currently using Vista Ultimate). I think the next step is looking at some of the games I play from time to time. See if WINE will support them or if there is a Linux version.

    The personal finance being a big player in the decision to see if I am ready. Thank you again!

  14. Thank you, David. It’s encouraging to hear from so many people thinking about or working on making the switch. I think Ubuntu and Fedora are finally making it possible for dabblers to have some success. :-)

    I don’t play a lot of game these days. I was able to run Doom2 in Wine, although the sound didn’t work. I was just wanting to grab some screenshots so I didn’t try figuring it out.

    Also don’t forget there is VirtualBox and other VM software that may take away the pain of dual booting!

  15. I downloaded KMyMoney but couldn’t install it. I realized it is for LINUX. How did you do it.

  16. Scott, great review. I love Windows for its software and hardware compatibility but I enjoy Ubuntu so far and am also thinking about making the switch at home. I’ve been a fan of MS Money since 2001 so this review is helpful.

    My biggest question is does KMyMoney have the Debt Reduction Planner that MS Money has? Its my favorite feature.

  17. Hi, Amanda. Thanks, I’m glad the article was useful for you.

    I’m not familiar with that feature of MS Money and suspect that KMyMoney doesn’t have it.

    KMyMoney is still working well for me. There are several convenience features I’d like to see, and the reporting still needs work (although I’m not using the latest), but overall I’m not missing MS Money all that much.

  18. Hi Scott,
    Nice sharing. Thanks.
    I’ve been using Quicken and then MS Money for quite some time, and now trying to use Gnucash and Kmymoney.

    Here’s what I can comment on them so far (subjectively):
    Gnucash: I like the way in we input transaction, it has a dropdown menu in selecting categories/payee. In Kmymoney, although it offers automatic text completion, I still feel compelled. However, the reporting in Gnucash needs a serious make over. I really don’t like it, especially the way it format it.

    KmyMoney: Superb reporting (although with v0.8.9, it still doesn’t offer chart). I like the report. And you know what, importing Gnucash into Kmymoney is smooth :) (cannot import budget though, it’s ok).

    So, I’m trying to compile and build the latest Kmymoney 0.9.2, hopefully it offers something very nice, and I’ll use it in no time :)

    Best regards.

  19. Hi Scott,
    I’ve just finished compiling and installing v0.9.2.
    It’s superb!! Brand new transaction input form, chart, budgeting support, etc.
    I’m moving into v0.9.2! :)

  20. Scott, I’m using Ubuntu 8.04.
    The compile process went smoothly as long as we have the needed libraries. In Ubuntu install these:
    sudo apt-get install build-essential kdelibs4-dev

    Then compile:
    kde_htmldir=/usr/share/doc/kde/HTML ./configure
    make
    sudo make install

    HTH

  21. Thanks, Fajar — as it happens, I was trying this out around the same time as your comment last night!

    I added the packages you mentioned, plus kcontrol which was mentioned on a kmymoney page, plus g++. From there it went very well. (I’m on 7.10 — I think it’s about time to upgrade to 8.04 now that 8.10 will be out…)

    New version looks great! It has at least one feature that I’ve desperately been hoping for. I’ll be writing about it in a new post and probably update this one also.

    Thanks again for your comments — you helped me get over my resistance to the compile process.

  22. I am using MS Money 2006 but I don’t like it. I am looking for a simple program to do my home bank transactions.
    Can you recommend a program. I would like to have it a CD if it is possible.
    Please let me know cost, shipping etc
    Thanks Alex

  23. Hi Scott,
    I just read your bug report. Seems like the only possible workaround currently is to uninstall the nvidia driver and then try to do the upgrade again. Is it working?

    When “upgrading” I never use the update manager, I just reinstall the whole ubuntu using the new release, but leaving my /home in-tact, so all my previous settings are migrated to the new ubuntu. It’s basically the same as you want to, right?

  24. Thanks, Fajar. I was able to remove nvidia-glx on the one machine — doesn’t look like I was using it anyway, and have that one upgraded. Will see how it goes on the other.

    I’d be hesitant to try a complete reinstall — lots of other stuff installed and configured outside of /home, so I’d like to avoid that work. But probably wouldn’t be that bad to start over if I had to.

  25. Thanks so much for this review. I’m setting up a new computer for my wife (Christmas) and installing Ubuntu on it. She won’t switch to Ubuntu because she uses MS Money for our finances. I’m hoping this program will change her mind! Thanks for the tips too!

  26. Hello Scott,

    I just found your site and am beginning to look through it some. Just a few thoughts, but before that, I haven’t used KMyMoney. I actually haven’t been a big fan of these kinds of programs too much, but find them to be a necessary evil. I have made the switch to Ubuntu for 99.9% of what I do. The few other areas there is no current workaround to the windows hell… but I digress. :)

    I am military and end up going through deployments. Therefore, I like to take my financial information with me to have available wherever I may be. For me the only option was a Java program that has worked well for me, although I have found another possible option, GNU Cash Portable Eddition, but haven’t tested that water.

    jGnash is the Java Application:
    http://apps.sourceforge.net/mediawiki/jgnash/index.php?title=Main_Page

    I personally choose the .jar format since it runs on win/Linux without any problem. So far, it does all I need and once I took a learning curve to learn about accounts instead of categories (the GNU Cash tutorial works quite well with jGnash because of the VERY CLOSE similarities between the two.

    The other that someone might be interested in is the portable version of GNUCash:
    http://portableapps.com/news/2008-12-19_-_gnucash_portable_2.2.8

    The only way I would move to that is if the database could be accessed across windows portable and linux version flawlessly… I’d be interested if someone has experience with that.

    For tax preparation, I have taken to the web versions and yes, you do get a PDF version for your records that you can save to your computer, print out, etc…

    I look forward to your site…

    Arick

  27. Hi, Arick. Thanks for visiting and commenting. I can understand the desire for portable programs — there are some things I’d like to run on my work Windows machine and on my home GNU/Linux box. KMyMoney is still working great for me, and now I have a full year of kdata under my belt! :-)

  28. Fantastic article. Even though its now 18 months old, its still a great, relevant read.

    Thanks for contributing something back to kmymoney!

  29. Hi,
    I have spent the last few days trying to find a way to import my monthly bank statements into KYM..
    These are in the form of either *.qif or *.csv but no matter what I try KYM will only import using the current date.

    My qif format is dd-mm-yy I have tried changing it to dd/mm/yy or dd.mm.yy but nothing works………….. other that that, the package is brilliant.
    Tim Cooper

  30. So one thing I really love in Quicken is the calendar feature. I can use it to create new recurring transactions, but more importantly is show along the bottom the account balances for the month on a daily basis. This included “future” balances based on scheduled payments and deposits.

    Using this I can view potential overdraws for the month, or even play with budgeting and go out several months to see where I might start hitting red (or making a million ;~)

    I haven’t been able to find if KMyMoney has a feature like this. Any comments?

    Here is a web image I could find. Its not quite like the quicken version I use (2003) but it represents the idea okay:

    http://z.about.com/d/financialsoft/1/0/4/3/Calendar2.jpg

    The middle bar graph on this one is closer to what 2003 has on the bottom of its calendar, but either representation is fine as long as I have a way to anticipate future balances:

    http://z.about.com/d/financialsoft/1/0/E/3/6RptTabs.jpg

    ty

  31. Hi, David. I don’t know if there is a calendar feature similar to that. There are budgeting features which I don’t use so can’t comment on, but there is a feature that is really helpful for me to manage future balances and budgeting similar to what you describe.

    You can have future scheduled transactions entered ahead of schedule, and then there is a preview feature that shows more future transactions. So when I look at my checking ledger, for example, I have the next three weeks of transactions entered, and then the next six months in preview mode so that I see grey entries for them. The running balance is shown and is red if I dip below zero. The preview feature is nice because if you update one of your scheduled transactions, those entries will all be updated automatically since they’re not really entered yet.

    This is done for all account ledgers individually, but since I use my checking account as my main cash flow manager with money coming in and going out, I mainly have to look there to see how things are going over the next half year.

  32. Maybe I missed it but one thing my accountant is used to is the tax reporting features of MS Money. Does KMyMoney have a comparable report? My apologies if it was mentioned here but I’ve scanned this blog entry and visited the developers site and came up empty.

    Great write-up! I copied your migration info to google docs for use later.

Comments are closed.