29 of 29 people found the following review helpful:
1.0 out of 5 stars
Invoicing & Statementing Frustration, 23 April 2002
By A Customer
This review is from: Money 2002 Personal and Business (CD-ROM)
Just picked up this package as it listings appeared simple enough to keep a track of invoicing, credit notes and statments. However each invoice required so much detail to be entered, it became unnecessarily complicated.
Then to find a way to produce customer statements was absolutely impossible. It says it can be done (according to the outer packaging). It even lets you create a Statement blank form. However I tried for days to get it to actually produce one from the information entered. There was no mention of it in the instruction manual apart from creating the blank form. Then silence and you are left with a program that won't do what it says it will..
I was very disappointed.
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60 of 62 people found the following review helpful:
1.0 out of 5 stars
Integrated e-banking and business accounts?, 8 Dec 2001
By A Customer
This review is from: Money 2002 Personal and Business (CD-ROM)
Don't be fooled. Any item you would like to appear in your VAT return, has to be entered manually (i.e. supplier invoices, sales invoices). VAT reporting will not show "cheque" payments from your business bank account. You cannot use a payment from your downloaded bank accounts to pay a suppier invoice - again - it's manual. Because you can't use multiple windows, you find yourself printing your bank statements to enter payments for supplier invoices to your business accounts. So you're better off with a second accounting package like Quickbooks + an older version of MS Money
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31 of 32 people found the following review helpful:
4.0 out of 5 stars
I wish I had tried MS Money P&B before buying it, 13 Jan 2003
This review is from: Money 2002 Personal and Business (CD-ROM)
Though MS is giving a trial version of Money 2003
downloadable from their site I wonder why don't they give us a possibility to see MS Money 2002 Personal and Business prior to buy it?
Well, I have already bought and unpacked it. It is quite easily installed; I guess it is a really good thing for small businesses while there are the following troubles which are a big minus from my point of view:
1. In the purchase ledger: having entered a payment against an invoice be sure you have completed everything as detailed as possible and make sure you've given the right figures: once you've entered them you won't be able to correct or amend them. The only solution is to delete the whole transaction.
2. No budgeting for business expenses is foreseen. That's a serious mistake of MS programmers.
3. No detailed reports are available for BS expenses nor can a group classification of BS expenses be added (for example, you won't see various depreciation and ammortisation summarised, it's impossible but often it is needed). This is another feasible mistake.
4. The software considers cash withdrawals as capital operations (I don't know why) and makes the balance sheet to seem a little bit "dirty" when checking transactions in accordance with the chart of accounts.
5. It has an unfriendly interface and always asks the user about things he/she cannot know, yet or which he/she is not familliar to - I find it rather annoying. At the same time the system has a lot of absolutely unnecessary reports; confusing them all I soon become very angry with myself I have bought it and with MS corporation that invented it.
Perhaps, if you own a little cafe` next door to your home this software will be right for you. But it doesn't meet requirements of a business with more than one activity held.
Best regards,
Ruslan (Moscow, Russia)
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