[moneydance] Now we're in the Big Time!

[Victor Roberts]

Gary Kopycinski wrote:
> Sean:
> 
> I've started an electronic magazine for my town, eNews Park Forest:  http://www.enewspf.com  I carry news from Business Wire, and would be happy to write something for next week's issue about MoneyDance.  Perhaps you could send me a press release if you have one, or write something?  You may pick up a few more users from the article.
> 
> Now, here's part of my dilemma.  I recently incorporated my web design business, Shire Enterprises Inc., http://www.shireweb.biz and will be incorporating eNews Park Forest separately.  I have been advised from a couple of accountants to move to Quickbooks.
> 
> Why do I want to stay with MoneyDance?  This question is open to all.  I have been a loyal MoneyDance user for a long time.  I need advice.  I've never owned a corporation before, and really don't know the first thing about accounting, except to keep track of expenses, income, and throw receipts in a box (or file folder ).
> 
> Thanks.
> 
> GK

I have used MoneyDance for my personal finances for a number of years,
but use QuickBooks for my one-employee C Corporation.  You did not say
if you are incorporated as a C Corp, an S Corp or even an LLC, but when
I switched from a Sole Proprietorship to a C Corp my accountant
recommended that I use QuickBooks.  I had been using Quicken Home &
Business for my Sole Proprietorship (this was before I dropped Quicken
in favor of MoneyDance) so I asked my accountant why I couldn't just
stay with Quicken.  My accountant told me he made more money than he
wanted to cleaning up the financial records of people who tried to run
the companies using Quicken.  That was enough to convince me.

The other consideration is that I use my accountant to prepare my
corporation tax return.  (I prepare my personal tax returns, but not the
corporate one.)  After the end of the year I just send my QB file to my
accountant and he easily extracts all the data he needs for the 1120.
This would not be possible if I were not using a program that he also used.

Even though I have stayed with QuickBooks it does not mean I like Intuit
any better than I did when I dropped Quicken for my personal finances.
I run Quickbooks 2002 Basic and have NEVER upgraded. The program works
just fine, and there are horror stories about features disappearing when
people run the on-line update. Typical Intuit behavior.  So, until I
move up to an operating system that is not compatible with my version of
QB, I don't see any reason to upgrade.

Vic Roberts