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YEAR 2000: WHO'S READY?Several readers responded to my Mar. 2 column on Year 2000 and PCs, asking how personal-finance programs handle the millennium. They do pretty well, but there are glitches, particularly with the market leader, Intuit's Quicken. Current versions of the major personal-finance applications--Quicken, Microsoft Money, and MECA's Managing Your Money--can all handle dates starting in 2000 without difficulty. But the oldest editions of Quicken, versions 1 through 4 for DOS, will choke on dates after 1999. All versions of Quicken for Windows have a problem with dates after 2027. Intuit says Quicken 6 and Quicken 98 will correctly handle 30-year bonds and mortgages whose maturity already extends past 2027 and that the problem will be eliminated in future versions. (Also see www.intuit.com/support/quicken/faqs/win/1345.html). Microsoft says older versions of Money can handle dates until 2075, while Money 98 is good until 2200. MECA says all versions of Managing Your Money are compliant. All of the programs assume that your computer has the current date set correctly. And the interpretation of an entry such as ''2/5/05'' varies by product and version. If in doubt when entering data, use four-digit years.
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Updated Mar. 5, 1998 by bwwebmaster
Copyright 1998, Bloomberg L.P.
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