Microsoft closes “Money in Excel” (and more)
Microsoft introduced “Money in Excel” in 2020, which allowed users to connect their financial data to Excel sheets. Now the feature is discontinued, along with a few other Microsoft 365 features.
Money in Excel was released in 2020, as a dynamic template and add-in for Excel that can connect to financial accounts (such as banks, credit cards, investments, and loans). Data can be synced to an Excel sheet with one click, which you can then turn into useful charts, graphs, and tables. Excel has been a valuable financial planning tool for decades, but the Money add-in has made the whole process much easier.
Microsoft has now confirmed that Money in Excel will be shut down on June 30, 2023. The company said in a support article, “We’ve learned a lot from Money in Excel and appreciate the many needs people have for their families and their money. . . We believe there are other areas where we can have a greater impact and we will focus on those moving forward. It is possible that the feature was not popular and the cost of the required connection services exceeded its use.
Currency data already stored in Excel workbooks will not be deleted, but after June 2023 you will no longer be able to import new transactions or other data. Microsoft recommends Tiller as an alternative, which lets you import financial data into Excel the same way Money into Excel. Microsoft 365 subscribers can request a 60-day extended trial of Tiller (the typical trial period is 30 days), and after that the service costs $79 per year.
Microsoft is also discontinuing Wolfram Data Types, which arrived in 2020 and allowed Excel sheets to import inventory, nutritional information, and other data from Wolfram Alpha. Just like the Money function, data already present in Excel will not be deleted, but you will not be able to add new Wolfram data types or refresh existing data. Organization data types and Power Query data types will continue to work normally.
Finally, Microsoft 365 subscribers will no longer be able to take advantage of “Unique Partner Offers” after June 30, 2023. This is a list of promotional offers for non-Microsoft products available to Microsoft 365 subscribers, such as the free ID protection from Experian, two free photo prints from Shutterfly, and more. If you’re a Microsoft 365 subscriber, you can take advantage of all offers through June 2023.