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How to transfer accounts from Microsoft Money 2005

Helproom: Money matters

QUESTION I'm still using Microsoft Money 2005, but would like to transfer my accounts to a more substantial package. The trouble is, I can't find any programs compatible with the .mbx file extension.

Sage, Accountz, TAS, Mamut, MYOB and Quicken haven't been able to help. Microsoft Accounting states that you can import Money, yet Mamut (which now maintains this product) says otherwise. R Johnson

HELPROOM ANSWER Frustratingly, Microsoft has discontinued the UK versions of its accounting packages. With the market being joined by larger, more affordable products, the company may have decided that catering for the pound simply isn't as cost-effective as producing a euro version that could be used by customers in more than a dozen countries.

Fortunately, Microsoft Money can export files in the Quicken (.qif) format (Microsoft gives instructions on Microsoft Money export and import here). Packages compatible with Quicken are far easier to find, including Accountz, Sage and MYOB.

You may have to perform a few tweaks to the export file before importing it to another program, but there is plenty of advice on how to do so at the various accounting packages' help sites.

See also: How to: Get fit and financially sorted

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