Lack of Diverse Finance Software

Discussion in 'Mac Apps and Mac App Store' started by dgrizzell, Dec 3, 2009.

  1. dgrizzell macrumors member

    dgrizzell

    Joined:
    Jul 10, 2008
    Location:
    Nashville, TN
    #1
    As a student of finance and avid Mac user, I'm a little disappointed in the slim market of personal finance applications for OSX. For years I used Quicken on Windows before I got my MacBook and was actually impressed with its features. Obviously, Quicken for Mac 2007 was a complete failure - I have yet to use any software that could compare in its bugs and crashes.

    At this point, I'm using iBank, which appears to be the best application out there of the many I have tried (see below). This is sad, since iBank is lacking in features, advanced investment management, and many of the asset/loan tracking elements that Quicken was able to offer.

    The difficulty with this problem is trying to find the middle ground. I group finance software into three areas:

    Beginner - Basic budgeting software to balance your checkbook and track spending.

    Intermediate - Track various loan types, asset depreciation, investments, and account balances with various forecasting and budgeting capabilities.

    Advanced - Full-fledged accounting software that is needed to "do the books" by small business. These usually included a POS system and some type of extensive reporting feature for financial statements.

    I'm looking for something in the intermediate category that is basically one step below business level accounting software.

    Here's what I've tried:

    Money
    MoneyWell
    Fortura Fresh Finance
    iBank
    Squirrel
    Quicken for Mac 2007

    Anyone having a similar problem? Maybe some success in the same area?
     
  2. miles01110 macrumors Core

    miles01110

    Joined:
    Jul 24, 2006
    Location:
    The Ivory Tower (I'm not coming down)
    #2
    Get used to it. Any serious finance or accounting program is going to be for Windows.
     
  3. camig macrumors newbie

    Joined:
    Nov 11, 2008
    Location:
    Armonk, NY
    #3
    Check out Gnucash

    I also have tried Quicken on windows and am looking for something on the Mac. I've tried iBank and just got Gnucash. Its free and looks good. The reporting is better than iBank and it seems to do everything except online bill payment. You can get it at www.gnucash.org
     
  4. mongrol macrumors regular

    Joined:
    Jul 16, 2007
    #4
    For intermediate features I'd go with gnucash. It's used by many businesses and being a double accounting program is easily more advanced than the usual Mac efforts. Next to that is Moneydance. Cross platform, nearly double entry accounting and is fairly feature packed with good support.
     
  5. dgrizzell thread starter macrumors member

    dgrizzell

    Joined:
    Jul 10, 2008
    Location:
    Nashville, TN
    #5
    Thanks for the recommendations.

    Just as an update, I just recently started using SEE Finance and have been really impressed. The build is stable and it has all of the features of iBank plus some.
     
  6. ValL macrumors newbie

    Joined:
    Jun 30, 2009
    #6
    You could also wait for the next Quicken for Mac release which is due out February 2010. It sounds like it will be a big improvement to the previous version.
     
  7. richpjr macrumors 68030

    richpjr

    Joined:
    May 9, 2006
    #7
    And what are the odds that they make that date, given their horrible track record with their previous stabs at a new version?
     
  8. dgrizzell thread starter macrumors member

    dgrizzell

    Joined:
    Jul 10, 2008
    Location:
    Nashville, TN
    #8
    No kidding? It looks like all the hype for Quicken Financial Life for Mac was 2 years too long. I still haven't really found anything - SEE was not enough. Anyone else have recommendations?

    *Bump*
     
  9. Duffinator macrumors 6502

    Duffinator

    Joined:
    Sep 3, 2007
    Location:
    130 miles NE of Cupertino
    #9
    Quicken for Mac 2010 must be close, I received an email from Quicken today and I'm able to preorder the software. Still states it will be released in February 2010. We can only hope.;)
     
  10. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #10
    Please, inuit has always given the mac users the short end of the stick when it comes to quicken. Less features, less updates, more buggy and unstable.

    I've given up on Quiken, why should they get my hard earned money for such a shoddy product that they themselves don't take serious.
     
  11. JayInNJ macrumors regular

    Joined:
    Nov 10, 2009
    #11
    Does iBank or any of the other programs do online banking? Or is Quicken 2007 the only one that does it? That is the only feature I really care about, beyond basic tracking. It is very disappointing that Quicken 2010 won't even do this.

    Like many others, this is the only reason I still have my 2003 Dell still hooked up. I have been using Quicken for about 13 years and haven't paid bills using checks in just as long. I guess if no program can do this on the Mac, then I'll have to use the online capabilities of my bank, which is like $5 a month.
     
  12. TonyK macrumors 6502a

    TonyK

    Joined:
    May 24, 2009
    #12
    My vote is for MoneyDance. It has been my banking app for 2 years since moving from Quicken and Windows.

    Please. Intuit sunsets their products too quickly, locking out features to force users to upgrade. BTDT and one reason they are on my NEVER TO BUY LIST. :)

    MoneyDance is said to do online banking. There is an extension I use to track stock prices and it maintains my portfolio.

    For online banking, I use my bank's website and download QIF files to import back in to MoneyDance. It is the workflow I had to resort to under Quicken when they sunsetted my version after 3 years and disabled online banking for me. It works and allows a degree of separation.

    Must admit I've been thinking about investigating the online banking part though.
     
  13. dgrizzell thread starter macrumors member

    dgrizzell

    Joined:
    Jul 10, 2008
    Location:
    Nashville, TN
    #13
    Yes, iBank does online banking. I would highly recommend iBank to anyone looking to do basic personal finance, i.e., credit cards, checking account, and savings account. I would not, however, recommend using their software to track non-deposit based accounts such as brokerages and investments. This is my chief problem with iBank, Moneydance, and all the others. The only program I ever used that tracked this information well was the latest Windows version of Quicken.
     
  14. dgrizzell thread starter macrumors member

    dgrizzell

    Joined:
    Jul 10, 2008
    Location:
    Nashville, TN
    #14
    *BUMP*

    Intuit has released a new essentials package for a high price. Apparently, it's no good. Anyone got it?
     
  15. TonyK macrumors 6502a

    TonyK

    Joined:
    May 24, 2009
    #15
    If it is no good, why would anyone want it? :rolleyes:
     
  16. dgrizzell thread starter macrumors member

    dgrizzell

    Joined:
    Jul 10, 2008
    Location:
    Nashville, TN
    #16
    Good point. I guess I'm looking for a second opinion?
     
  17. talmy macrumors 601

    talmy

    Joined:
    Oct 26, 2009
    Location:
    Oregon
    #17
    Just look at the reviews in the Apple.com online store or Amazon.com. Almost entirely 1 star reviews, where you can't go any lower than a star.
     
  18. richpjr macrumors 68030

    richpjr

    Joined:
    May 9, 2006
    #18
    It depends on what you are looking for. Most of the dissatisfied Quicken people seem to be unhappy that after numerous delays, they released a product that removed a bunch of features that the previous versions had in it. Depending on whether you needs, this may or may not be a deal killer. If you are looking for a check register and some high level overviews of your finances, it works fine (though is kind of pricey for what it does).
     

Share This Page