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Intuit Debuts Rebuilt Quicken Essentials for Mac

Squonk said:
I think this will meet my needs, but for $70 I'll keep using my 2007 version which is buggy for me.
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I'm not sure you'll be able to do that. I got a letter from Intuit a month ago that said something like, "All connectivity to your banks and other financial institutions for downloading of data in Quicken 2007 for Mac will be turned off" around April 2010 or something.

I could be wrong, but I'm pretty sure they sent out a letter like that.
 
This gets boring. Every few years, Quicken re-commit to Mac support. They did it in the late 90s, they did it in the early 00s... and then the whole thing goes into the toilet with a poor, incomplete, parity-free product and the cycle repeats.
 
Has anyone here heard of MoneyDance?

I've been using that for the past two months and I love it. Best part about it is it's FREE!

The budget manager is a little quirky, but everything else about it is great if you're looking for a basic personal finance app.
 
Quicken Essentials doesn't display, or even allow you to enter or edit, individual transactions in investment accounts. It only shows a snapshot of the current status and value of the overall investment account and of the securities or funds it holds.
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Can someone explains what exactly this means in practice? I have a few investment accounts, but each includes a single security (a mutual fund with a ticker symbol). Can I enter and track individual transactions in accounts like these?
 
Another dinosaur developer fail. Ever notice how it's the "established" companies that make the worst software and charge the most for it?
 
VenusianSky said:
I like the example screenshot. First off, the "person" has $200,000 in checking but only $4,000 in savings and investments (just seems kind of odd to me). And then after you do the math, figuring in $4000 of credit card + other debt, some how the net worth is only $45,000 (I guess this could be possible somehow). And then there is the pie chart. Health & Fitness (in purple) figuring in at 5% of last month's spending some how represents about 33% of the entire pie.
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Hah, I noticed that too. I was going to post an answer to the people asking "who would pay $70 for this?" I guess, people with $200,000 saved up with nothing else to spend it on... :D
 
I used Mint for a while but decided the ease of use wasn't worth the glaring security problem with centralizing all that information on a server somewhere.

I've been kind of hobbling along with Squirrel (showed promise but development is mind numbingly slow). Would be nice if an established mac publisher (Intuit isn't a mac publisher...they occasionally release mac apps) would make a good financial app (since all the Pixelmator or Acorns of financial apps have for the most part failed).
 
Most important, Quicken Essentials doesn't display, or even allow you to enter or edit, individual transactions in investment accounts. It only shows a snapshot of the current status and value of the overall investment account and of the securities or funds it holds. It also lacks a bill-paying feature. And it can't export your data to Intuit's popular TurboTax program.
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Lack of these would be a turn off for me. I don't use Quicken, but not having TurboTax compatibility turns me even more off of it.

Where I work, we use Quicken for our accounting. I wonder how not having these will effect it.

addicted44 said:
A better comparison would be iMovie...

And except for the fact that iMovie does not copy its sources (and its lack of a "save" feature), its much better than the older iMovie in many ways.
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I hate how iMovie doesn't save its sources in the same file as the basic project. The kids at the school I work at do several iMovie projects and it's sometimes not possible to stay on the same computer for the entire project. Many kids have to come to me because they just copy the project files & it can't access the video clips or pictures or music since it doesn't all copy over in the project file.
 
Don't buy it and don't support Inuit. I don't see why they believe Mac users are "simple" and don't require the features of the Window's Quicken-- access to online bill pay, multiple currencies, investment cost basis tracking, tax summaries and end of the year planning. I personally do not want an application with less features than their free Mint.com, and I surely do not want "Coverflow" interfaces.

Hard to believe that Quicken 2007 (that came out in 2006) is still a more powerful personal finance app than this one. This update has taken them years to make-- while Windows Quicken received huge updates yearly. To think that Intuit Chariman Bill Campbell sits on Apple's board of directors and allows his company to so poorly support Mac Users. Shame!

And if you think they didn't know this release was going to be terrible-- they had plenty of market research. Read the comments going back to July last year. Their beta testers and users were tearing them apart for making such a weak, feature stripped Quicken upgrade:1, 2, 3
 
Sandy Santra said:
I'm not sure you'll be able to do that. I got a letter from Intuit a month ago that said something like, "All connectivity to your banks and other financial institutions for downloading of data in Quicken 2007 for Mac will be turned off" around April 2010 or something.

I could be wrong, but I'm pretty sure they sent out a letter like that.
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Q: Will my version of Quicken for Mac 2005, 2006, or 2007 be discontinued?

These products are not being discontinued at this time. Our policy is to support the current product and the two prior versions.

http://quicken.intuit.com/support/articles/buying-and-billing/discontinuation/3875.html
 
No online bill pay???!! No investment account transactions?? Are you freaking kidding me?!

Intuit has how many hundreds of millions of cash flow and THIS is what they come up with?

Screw you intuit. I haven't pirated software in probably 20 years, but it's about time to start with the crap you put out.
 
Well, like a dummy I purchased it this morning and have totally wasted $70. To start with it's ridiculous they have no upgrade price for current 2007 users. Second there are many fundamental features that are missing. For example there is no memorized transaction capability (I use this all the time in 2007). Plus you can have scheduled transactions but future transactions appear in your register automatically with no way to have them only appear when you record them. In the title bar it reads "abc's Finances". I have no idea who abc is and there seems to be no way to change it. Plus that name appears automatically when you do a backup. Quicken 2007 is much, much better. I can't believe I've wasted $70. DO NOT BUY THIS PRODUCT.
 
sbrhwkp3 said:
Has anyone here heard of MoneyDance?

I've been using that for the past two months and I love it. Best part about it is it's FREE!

The budget manager is a little quirky, but everything else about it is great if you're looking for a basic personal finance app.
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Moneydance has a free trial that'll work for 100 transactions, and then it's $40. I've been using MD for two or three years. It does fine for tracking accounts. I wish it did better at pulling in online account information automatically. (The auto import feature works with only one of my accounts- the others require manual downloading and importing.) The budget tracking feature doesn't meet my needs at all so I use a spreadsheet for that. And with their latest revision, it takes me more mouse clicks than it used to to import transactions. Still worth trying the demo if you're in the market for financial software.
 
With limited investment tracking, it sounds pretty useless. Wonder whether they have a ton of ads for paid upgrades and add-ons like every other Intuit product?

I boot to Windows XP to run Quicken 2007.
 
Anthropogenesis said:
Does everything their own site, mint.com, does, but for a lot of money.

No thanks.
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mint's great at telling me where I've gone, but it's been zero help showing me specifically where my checking account balance will be, daily, over the next 30 days.

I've always been able to do that in MS Money/Quicken.

bassplayer13 said:
If they discount it to say $14.99, I would buy it in a second. :cool: $69.99 for this? I think not.
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Same thought. It's priced too high, esp. considering features have been removed. I think Intuit should price this v1 lower, and charge more for the next versions, as the proper features get added back.

ScottMe said:
So I run Microsoft Money 2003 in Windows via Fusion. How pathetic is that?
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If you're going to run anything in Fusion, you might as well get used to the real version of Quicken (that'd be the Windows one). Like you said, MS stopped working on Money. Why stay on a dead platform?

pprior said:
No online bill pay???!!
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My bank charged me $9.95/month to pay via Money or Quicken. Direct connect downloads are free. So now I just pay my bills online via their website (for free). Next time Quicken connects, it downloads that future payment into my register, so everything matches. Lack of bill pay for me is going to save me money, but I can see how others feel otherwise. :)
 
pcp_ip said:
Don't buy it and don't support Inuit. I don't see why they believe Mac users are "simple" and don't require the features of the Window's Quicken-- access to online bill pay, multiple currencies, investment cost basis tracking, tax summaries and end of the year planning.
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I 100% agree, and cannot believe that they do not offer these features, especially tax summaries. I've been looking at the alternatives people have recommended thus far, and even these programs do not offer tax summaries! As an independent contractor, I need to be able to balance my personal spending and business spending in an easy way. I've been using an older version of quicken to do this, and it seems to work GREAT! Plenty of custom tags and the reporting features are excellent! However the program will no longer run on OS 10.5 (or 10.6).

Anyone have any suggestions?

edit: Looks like moneydance offers reporting features. Going to download now...
 
pcp_ip said:
I surely do not want "Coverflow" interfaces.
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Coverflow is popping up in all sorts of inappropriate applications these days. It seems to be a developer fad to try to get it into the product somewhere, regardless of if it makes sense from a usability point of view or not. I don't see the point of it in a financial application either.

Looking at iBank's feature list, they say:

"Cover Flow for Transactions. Ever wanted to see your transactions outside of a list?"

Actually... no. Next question :rolleyes:
 
Well, I just sent Intuit a request for refund and have gone back to using Quicken 2007. I hope there are no issues with the refund.
 
The irony here is that anyone who pays $50-60 for this garbage really doesn't know how to manage their money. Still scratching my head why Intuit doesn't think Mac users own stocks, or if they do see no need to track them.
 
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