Listing of July 1996 Reviews
By: Joel T. Patz
Dozens of programs manage your finances. None address the tedium
of managing notes. NoteSmith Pro handles the servicing of leases,
mortgages, car loans and annuities.
You start by entering information such as payor, cosigner, collateral
and payment plans in NoteSmith's tabbed dialog box. The Investment
and Escrow tabs in that box let you record principal reduction,
accrued interest, type of note, expected yield, tax consequences
and payment tracking. The program also manages IRS forms and can
issue payment coupons, build reports and develop amortization
You can customize the program to a limited degree, and use a nine-level
password utility to restrict access to confidential information.
The program exports data in the QIF format, which is supported
by most financial packages.
NoteSmith has a few serious problems. It's easy to add a payment
but hard to delete one that's incorrectly entered, and errors
in the documentation or program itself could lead you astray.
The program suffers from inconsistent navigation aids, and the
printed documentation lacks illustrations. You can send a report
of your notes to the printer or screen; however, a custom report
selection on the main menu was so hampered by conflicting documentation
and dialog boxes that I found it unusable.
NoteSmith unquestionably serves very specialized needs, but its
developers should improve the DOS-like interface and spotty documentation.
A checkbook metaphor and better error-checking would solve many
of this program's problems.
Pros: Addresses specific needs
Cons: Interface; documentation
Platforms: Windows 95
Disk space: 5MB
RAM: 8MB (12MB recommended)
WinMag Box Score: 3.0