Lion-Compatible Quicken 2007 for Mac Promised in 'Early Spring'

[MorphingDragon]

Because I was only interested in why people would consider putting their financial data in the cloud.

Accounting Firms that I know of in New Zealand use it because it allows their clients to enter in data and have access to accounting software without needing to invest in expensive and limiting software. With Xero you can make an entry right after purchase on the spot with a smartphone.

Don't be scared of the Cloud, its just a marketing term.

 

[JAT]

Because I was only interested in why people would consider putting their financial data in the cloud.

A large number of accounting or enterprise software packages are internet-based these days. Or at least, they all have an internet version. Companies don't always want to support their own hardware infrastructure.

 

[Goldenbear]

...Say what? I have always done my taxes on Turbo Tax (hasn't been called Macintax for YEARS), I'm always on the latest mac version, and have never had a problem with Turbo Tax. Again, not defending Quicken, but lets not falsely accuse them where they don't deserve it. Lets stick to calling them Retards for not supporting the mac better, on Quicken...

How exactly did I falsely accuse Intuit, and of what?

You mean they actually shipped an OSX native TT 2001? Think again.

TT didn't become OSX native until TT 2002 or 2003, which is 2 or 3 YEARS AFTER OSX shipped.

 

[MrNomNoms]

Because I was only interested in why people would consider putting their financial data in the cloud.

I used MYOB many years ago and was not impressed with it, but maybe it's improved since then.

MYOB in New Zealand and Australia has consistently held 80-90% of the marketplace for years with Intuit consistently ignoring the fact that MYOB has that marketshare because their product addresses what business require and more importantly actually treat NZ and Aussie customers as valuable rather than an 'annoying pain in the ass' like most American companies treat their non-American customers.

As for 'financial data in the cloud' - do you do online banking? do you have an account with your local power company that you logon to? do you have a telephone account that you can logon to?

Accounting Firms that I know of in New Zealand use it because it allows their clients to enter in data and have access to accounting software without needing to invest in expensive and limiting software. With Xero you can make an entry right after purchase on the spot with a smartphone.

Don't be scared of the Cloud, its just a marketing term.

My old man has moved to Xero and quite frankly the data has always been in the 'cloud' but under a different name.

 

[MorphingDragon]

People ask me, "how often do you reconcile?", expecting "monthly" or "weekly". Heh, how do you say "every second" to a non-accountant?

Oh god, the numbers. Make them go away!

 

[diane143]

MYOB in New Zealand and Australia has consistently held 80-90% of the marketplace for years with Intuit consistently ignoring the fact that MYOB has that marketshare because their product addresses what business require and more importantly actually treat NZ and Aussie customers as valuable rather than an 'annoying pain in the ass' like most American companies treat their non-American customers.

Makes sense, but living in the US I'd have no way of knowing that. I did say it's been many years since I used MYOB - mid-late 90's to be exact!

As for 'financial data in the cloud' - do you do online banking? do you have an account with your local power company that you logon to? do you have a telephone account that you can logon to?

That I do but I would never put my entire financial history into the cloud. Including my tax return. Some things I just want on my own machine. I've been online long enough (since the days of BBSs) to sadly see forums where I had posted a ton of technical data on, just fold with no warning. I absoluely love technology and the net but some stuff I just want more control over.

My .02..... and yes I still use Quicken and will continue to if I can since it does what I need it to.


Diane

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A large number of accounting or enterprise software packages are internet-based these days. Or at least, they all have an internet version. Companies don't always want to support their own hardware infrastructure.

Yeah, I've seen the trend. Not happy with it, I hope there is always a local-based option. Maybe I'm showing my age. <G>

Diane

 

[JAT]

Yeah, I've seen the trend. Not happy with it, I hope there is always a local-based option. Maybe I'm showing my age. <G>

Diane

Actually, I forgot to point out that most companies want their data available in more than one room. So, even if they use local servers, they keep access via VPN or RDP available, which opens up many similar security issues as externally hosted data. The internet impacts all of it when you have more than one location.

But my personal data isn't out there, either. I certainly understand your view.

 

[John.B]

Don't be scared of the Cloud, its just a marketing term.

The cloud is just a marketing term that means someone else is responsible for your data. I have no problem with that, as long as people go into that with their eyes open to the fact that the cloud's disaster recovery plan is their disaster recovery plan.

There have been a few high-profile examples of "the cloud" going south, including the Sidekick/Danger/Microsoft fiasco. Stuff happens.

As for 'financial data in the cloud' - do you do online banking? do you have an account with your local power company that you logon to? do you have a telephone account that you can logon to?

If your only record of a deposit is the bank's records and they lose it (credited to the wrong account, batch processing glitch, or whatever), what recourse do you have?

If your tax records or other financial records only exist on a company's servers and that company goes under (and their servers are taken offline), what recourse do your have to get at your data?

 

[thetobster]

FWIW I've had great luck with the Quicken Essentials product....

 

[knightlie]

I dumped Quicken many years ago for removing functionality from their base product and shifting it to more expensive versions. I'm not surprised to see their business practices haven't changed.

 

[donkaye]

Lion Compatible Quicken 2007 for Mac

After reviewing and testing a number of the accounting applications described here, I have found none that come close to comparing with Quicken 2007 for the manner in which I have used it for the past 12 years. Admittedly I am making use of almost all of its more sophisticated functions, the most important of which are "classes" by which I separate all my rental properties and am able to easily transfer the data over to Turbotax at years' end. Before Quicken I used to have to transfer data one line at a time to Macintax. I spent a couple of weeks preparing my tax return each year. After Quicken it took only a couple of days to put the return together. So the ability to easily transfer all the data into each tax schedule is as important to me as the program itself.

I'm not sure how many people are aware of the many useful reports that can be generated with Quicken. It takes a little imagination to come up with some of them, but using "classes" and a couple of their report generators, I have been able to easily analyze for example vacation costs on a generated spreadsheet, income from many sources over many months without having to enter the data again on an Excel spreadsheet, a big spreadsheet of all income and expenses of each rental property and many others. The other programs just don't compare with this reporting capability.

Although Quicken 2007 hasn't been updated in 5 years, I can't think of anything else I have wanted it to do. Had Intuit updated it to the more modern user interface such as some of the other programs have with no other capabilities, it would have been just one more unnecessary thing to learn.

I really don't care that Intuit was late to the compatibility party, just so they came to it. After all these years their program is still the best one out there for my purposes, and I can't wait for it to become available.

 

[turtle777]

I could not use the Mac version of quicken as it lacks the refinement of the PC version. If you think Mac quicken serves your needs just fine....you dont know what you are missing.

Same here. Switched to Quicken for Windows many years ago. Even Quicken 2007 lacks many important features of the Win version (multiple currencies, advanced investment tracking, fully customizable reports).

I can pretty much guarantee that the new Quicken for Mac will be a huge disappointment. It's Intuit, folks. Some things don't change. Macs have always been the stepchild for them.

-t

 

[kjones]

http://moneydance.com

I've been using this product for about five years, ever since I realized Quicken could not handle multicurrency accounts and Moneydance does. It support is now, finally, almost flawless, across the four currencies I live in. .

how did you get the multicurrency to work? their support team never replied to me to help resolve.

 

[paduck]

FWIW I've had great luck with the Quicken Essentials product....

Ever try to determine the cost basis of an investment? Or enter in the history by hand? Can't be done in QE. It is really just the basics. Not bad, but regular Quicken was there 20 years ago.

And yes, I will upgrade to Lion with Quicken when it comes out. Would be nice to have a replacement app with easy data transition...

 

[smayer97]

Quicken 2007 for Lion now available (since Mar 15, 2012)

You can get it here, for only $15.

http://quicken.intuit.com/personal-...priorityCode=8784364489&cid=em_24688_523_1_L1