Technology Software

Can I Run Two Microsoft Money Versions on One Computer?

Question: Can I Run Two Microsoft Money Versions on One Computer?

Yes, you can run two versions of Microsoft Money on the same computer. You probably will not want the hassle of updating two versions of Microsoft Money for more than a week or so, but keeping both versions running while you try out the most recent version makes sense.

A Note About Money Essentials
You cannot have Money Essentials installed and then install Microsoft Money Deluxe, Premium or Home and Business.

If you do so, Microsoft Money will over-write Money Essentials.

Answer:

You can have two versions of Microsoft Money on your computer at the same time, as long as each version is installed to a different folder. You can open each version one at a time, but cannot run both versions simultaneously.

When you install the new version, watch for the option to uninstall the current Microsoft Money version and select the option not to uninstall the current version.

Two Passport or Windows Live ID Accounts

You will need a separate Passport or Windows Live ID account for each version of Microsoft Money. If you have a Passport or Windows Live ID account set up for your current Money version and you are going to keep two versions of Microsoft Money on your computer, create a new account for the new version.

Keeping Both Microsoft Money Versions Updated

The latest installed version of Microsoft Money will be associated with OFX or QIF downloads, and the accounts in that version will get the online updates.

To get online updates to both versions:
  1. Save the OFX or QIF file from your financial institution's web site to your compute.
  2. In Microsoft Money, click on File, Import
  3. Select the file to import, and click on Import.

You will need to remember to enter any manual account entries you may have in both versions if you want both to be up-to-date.

You can later reinstall the older version of Microsoft Money to reset the OFX and QIF associations if you wish.

Reverting Back to the Older Version

If you do not update accounts both versions of Microsoft Money and later decide not to keep the new version, print out register reports for each account from the new Microsoft Money version before you uninstall it. Then manually enter the transactions into the older version's data file.
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