David, it is true that Quicken 2006 mac will not work with Lion OS but you can use quicken essentials on Lion OS. You can convert all the data files from quicken 2006 to Quicken essentials. If you want to track rentals, I suggest you to use Quicken rental property manager program for windows.
What do y'all think about waiting for QFL or purchasing iBank now? I'm currently using Quicken 2006, and it's getting by, but it's slow and clunky (and I want something new to play with). If iBank wasn't so expensive, I might just buy that now, and would consider QFL when it launches (if it ever does). For $60, that's pretty close to what QFL will be. The reason I'm not considering any of the other apps are that the ones I've tried don't download transactions.
It's kind of a requirement for me right now, although once I get these darned credit cards paid off, I probably won't need it, since my bank doesn't support it. Edit: What do y'all think about Quicken online? I just noticed that's now an option. Has anyone used it? This is actually a question I'll be trying to answer once I get a macbook, currently I'm holding out for the refresh. Has there been any news on when Quicken Financial Life is actually going to be released?
I read up on it a while ago and like the idea that they're doing a complete revamp and actually tailoring it for OSX instead of being a subpar port of the Windows version (from what I've read). Be interested in knowing if they've got a release time set or if its still just fall of '08. But yeah, ibank seemed really to be the only other decent contender for being able to do budgeting/household finances and follow a portfolio of investments.
I'm setting my stuff up for Quicken Online right now. So far, it's kind of neat. And at $3/month, it'll be 2 years before I start losing money as opposed to buying a software package. On their site, it still has Fall 2008 for Quicken Financial Life.
They're also saying that Quicken Online supports IE, FF, and Safari browsers, and mention that you can check it at any computer or your iPhone. I think they're really trying to support Apple, but their old programs were just too clunky for the Intel Macs and they wanted to start over and do it right.
I'm really not sure what the difference their huge program has over the less than 10MB download for iBank, Money, Moneydance, and the like. Being a Quicken/Microsoft Money user for almost 10 years, it's hard for me to switch.
Click to expand.Thanks for this suggestion. I didn't even know Quicken had an online version. It's perfect because my wife likes to hold onto the checkbook and I hate having to call and find out if we have money in the account. This way we both can monitor and update the account as needed. I would like to see the addition of a Bill Pay option. I'm actually surprised this feature hasn't been implemented yet. But for $3/month I can't really complain.
It's nice just to be able to stay current with our accounts. I'm also in the market for personal finance software, nothing too fancy needed. Just household budgeting, CC management, checking account and a 401k.the basics pretty much.but I would like to utilize downloading of account info and have it inputed into whatever financial software I use. I see there are a few people recommending ibank. I've done some searching/reading and there were plenty of mediocre to poor reviews for ibank so I had crossed it off my list of possibilities (that can change I guess). Moneydance seemed to get good reviews and does the downloading of account info that many of us desire. Does anyone have knowledge/experience with the current version of moneydance?
I have pretty much ruled out the current Intuit products because of the seemingly overwhelming poor reviews on either their products, service and/or business vision. Guess I'm still feeling my way around looking for the right (for me) personal finance software. I'll be following the thread with great interest to see what light you guys can shed. Thanks in advance. Click to expand.I'm a current Moneydance user. I use it for a simple bank account and I 'manipulate' it using sub accounts to do envelope budgeting. Its java, been around for ages and fairly mature.
The GUI is a bit finicky though but it performs its job well and is quite feature full. I don't use it for online though (no online connections with any Australian bank) so can't comment on that. IBank I thought was ok in version 2 if a little buggy.
With v3 the developers chose to glam it up with coverflow and other such nonsense rather than concentrate on finance functionality. Another I think is pretty good is LiquidLedger. It doesn't do online but its got loads of features with a pleasant and straightforward interface. Worth checking out. The data file is uploaded to your MobileMe/.Mac account, or whatever you want to call it.
Then when you access it via your iPhone you log onto your iDisk through https, and then it presents the file as a web app. From there you see your balance, and you can 'touch' your balance to enter in transactions. It then saves the transactions to update your balance.
You can sync this data within iBank between your desktop data file and the 'iPhone' file saved on your iDisk. I hope that helps in understanding the function. Click to expand.I hope Quicken Financial Life is powerful program that is compatible with Quicken and MS Money data. But there's little information on it and the early previews suggested it's going to be a lightweight app.
Until it comes out, or something better, I use MS Money in Parallels / WinXP. I've been doing personal finance for 15+ years, and about ten of those in MS Money. And I hope to keep doing so, with my records for the next 10 or 20.
So as long as possible, I need an application that can read Money (or Quicken) data - and can export it if I need to change applications. I've not heard that any of the indy finance apps are Money or Quicken compatible or have anywhere near the same feature set. If they are in the same league, I'd love to hear it.
This inquiry may or may not be appropriate for this forum. Notably, I will leave it to the forum moderators. I wanted to solicit input from Quicken users who have come over from Banktivity (previously iBank) as well as those who may be running Quicken and Banktivity side-by-side. A friend introduced me to Banktivity and from a quick glance I was impressed by some of the functionality e.g. Loan amortization, reporting, budgeting, etc. What are the pros and cons of each application based on user experience?
I set out to replace Quicken because I was tired of the program not being updated (I used 2007 and it seemed that the later versions were missing too many features. So I looked into numerous alternatives, downloaded a few and tried out the ones I liked best - iBank and MoneyDance. At about that time, Quicken released Quicken Mac 2016.
I downloaded that as well. The features looked like what I needed (I have modest needs) but I was still hesitant. Here's what happened: 1. I got hooked on automatic downloads from my credit unions, etc.
All three do this but. MoneyDance could not connect to my main credit union, iBank could but had to use their extra pay service,. Quicken worked with them all. In use, I found I liked the way Quicken worked better. This surprised me. For some reason, iBank had issues and both iBank and MoneyDance would either miss transactions or list them twice. Again, Quicken just worked.
Unlike both (I think) MoneyDance and iBank, Quicken did not and still (as of 5/15/16) does not have loan amortization. This is a stupid feature to leave out and I am not sure why it was, but supposedly it is coming in the future. For my modest needs - check register, tracking investments and my new favorite feature: automatic downloads, along with accurate tracking, Quicken is the winner. Is it perfect? No, but for me it is the best match for my needs. So far it has been reliable.
I suggest downloading any you are considering and trying them out. I'd be curious if you come to the same conclusion. Thanks all for sharing. As noted above, I had similar experiences with UI differences in addition to experiencing some accounts working with one product and not the other. My biggest gripe with QM is centered around the lack of loan amortization and debt reduction functionality. Though not ideal, I am using other resources outside of QM to manage. Lastly, I dislike not having the ability to adjust the Price per share for investments.
I am finding that the QM systematically calculated value does not always match that of my investment records. There have been some cases were I have seen relatively large rounding differences. Indubitably, I would much more prefer to use the value provided by my brokerage firm vs. The QM calculated value. Conclusively, I will stick with QM for the time being.
Notably, I have been eyeing the newly talked about web-based product. I am a user of Banktivity(iBank) that left Quicken years ago when it failed to get a product that could run on Lion on a timely basis. A year ago I looked at QM2016 and despite 'help' from Tech support could not get it to work correctly with Schwab. I am again looking at QM2017. I assume the downloading issues I experienced with Schwab and Quicken have been resolved.
I am trying to get a feel from this site as to what has been fixed over the last year. (I truly wish QM provided a 30 trial like Banktivity and several other competitors - it is so much less hassle than buying the application and then returning it when you can not get it to work.) For my purposes, the major advantage that Quicken has over Banktivity is the investment accounts and the use of the Portfolio. In Banktivity (version 5) this aspect of managing your finances is more complex than it needs to be. The major advantage of Banktivity is in the area of reconciliations.
Each reconciliation is a separate listing - so you can ago back month after month and see when something cleared. It also is a great help if you accidentally delete a transaction and are going back trying to figure out what you did, as you can see which month your reconciliations got out of balance.
One feature that I was very impressed with in QM2016 was that you could customize the layout of your accounts - so you could decide which columns you wanted to see and adapt to your screen size. The only thing I disliked about that feature was that there was no way to copy a format form one account to another. This made setting up accounts a bit of a chore. I do not know if this was addressed in later releases of QM2016 or in QM2017. In any case, Banktivity does not allow custom formatting of accounts. Re: connectivity with banks, most often the only variation with issues from version to version is only whether or not the FI/Bank chooses to support it.
So it either will support QM2016 or not; either it will support QM2017 or not. If it chooses to support a version, any issues that arise typically will not vary from one version to the next. In other words, any outstanding issues reside outside the application.either it has something to do with the way the data is sent or from how Quicken servers scrape data from FI/Bank site; this is not affected by the version of Quicken. So, if there are any issues with Schwab with one version, there is likely to be the same issues with another. You could browse this forum to see what if any work was done with Schwab to see if the issues are still coming up. But since you have Qm2016, you can simply just give it a try.
To see what other features or issues have been done first look at the Release Notes for QM2016 here: Then compare with the product info for QM2017 here: Then finally look at the Release Notes for QM2017 here: As for reconciliation, the that feature is still missing from QM2017. You can VOTE for the feature to track/store Prior Reconciled Statements/periods, here: The feature to set a default layout also does not exist in QM2017. You can also VOTE for the feature to Set Default Columns, Sort and Sizes to Account Registers, here: First, click on each link above to go there, then click VOTE at the top of THAT page, so your will vote count for THAT feature and increase its visibility to the developers.
Be sure to scroll down each page, as many have links to other related feature requests on which you can add your vote. (If you find this reply helpful, please be sure to click 'Like', so others will know, thanks.).
I also highly recommend that you browse through the IDEAS section of this forum and VOTE for the request of each of the missing features to be added back into Quicken for Mac.to help direct the priorities of the developers. This will help make the transition easier for you when you are ready to transfer over by seeking to have the features you are want or may have been used to in QM2007 end up in the latest version. To do that, I suggest you read this FAQ on how to filter the IDEAS to just show the ones for the Mac version, then VOTE to your heart's content: The following are some of the many feature requests you will find:. Budget features. many requests for configuration options and many others. Be sure to scroll down each page, as some contain lists of related features.
Click on the link to EACH IDEA separately that you are interested in, then click the VOTE button at the top of EACH page that opens up respectively to increase the count and therefore its visibility to the developers. If you do not click VOTE at the top of the page of each feature, your vote will NOT be counted for THAT specific feature! (If you find this reply helpful, please be sure to click 'Like', so others will know, thanks.). As I impatiently wait for a QM2017 update that fixes bug issues and adds back features missing since QM2007, I see that Banktivity 6 was released. Plus, unlike QM, there is a manual! I am still rooting for QM, but if the next update doesn't show good progress Banktivity definitely looks worth looking into. Also, if QM2018 is released with a subscription model that locks my data I'd give Banktivity a close look.
I'd have to transfer my data and spend time with it to find out, but it looks like there may finally be a reasonable alternative to QM (for my needs). Maybe this will finally light a fire under the management of Quicken?!