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Quicken Essentials for Mac available for pre-order

Quicken Essentials for Mac is finally available for pre-order. Too little, too late if you ask me. Its taken three years to get this next version of Quicken for Mac out the door. In that time, worthy alternatives have risen, like iBank and Mint.com.

While I won't give it a review until I've tried it, it seems that Intuit should just give up until they want to make a financial software package that the Mac deserves. Here are just a few of my peeves from the Quicken Essentials for Mac FAQ (bold added):
1. Can I track my investments?
Yes, Quicken Essentials for Mac allows you to track the overall value of your investment accounts and the value of your specific holdings. It will not, however, track investment buys and sells, nor will it provide some advanced investment performance reports. If you need more more advanced investment features, try Quicken Mac 2007.

2. Can I export my data to TurboTax?
Quicken Essentials for Mac does not support that capability. If you'd like that functionality, we recommend trying Quicken Mac 2007.

3. Can I pay my bills within Quicken?
While you cannot pay bills within the product itself ("direct bill pay"), you can track your bills and make sure you have enough cash to pay them when they're due. A few alternatives available include using Quicken Mac 2007 or using the bill pay functionality on Quicken Bill Pay.
Did you see that? If you want to do anything useful, you have to buy their three year-old product.

I ditched Quicken for Mac years ago, moved to iBank, then eventually quit that and moved entirely to Mint which has a great iPhone app [iTunes link]. How good is Mint? Good enough that Intuit has since purchased it. I can only hope they plan to leave it good enough alone.

Thanks Gilbert

Quicken Essentials for Mac is finally available for pre-order. Too little, too late if you ask me. Its taken three years to get this next...
 

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Glen Elliott

I foolishly just purchased Quicken Essentials 2010 for Mac, thinking it would at least be no worse than Quicken 2005, which has been usable. I actuality, they have added lots of glitz and taken away substantive pieces. You can follow investments *only* if you are able to download same from the investment website--which 3 of 4 of the companies with which we deal do not support. No manual entries allowed for investments. Wells Fargo, not exactly a small firm, is not on their banking list, though you can at least download from their site and dump into this version of Quicken, which was true of 2005 too.

I is far less intuitive than was 2005, and I have yet to find a single feature that I thought was better. I have asked for a refund.

March 04 2010 at 2:01 AM Report abuse rate up rate down Reply
Shawn

I was a beta tester for the new Quicken Mac program and gave up on them. They didn't seem to give a darn about doing a good job, and they gave the project to a young guy with no experience who botched the whole thing.

The reason it is so limited is because they couldn't get any resources from Intuit to get the job done, and the developers were clueless about how to write a good piece of financial software (I think they were all new hires.)

Terrible.

February 07 2010 at 1:30 PM Report abuse rate up rate down Reply
Shawn

I use iBank and love their iphone app that automatically syncs with the main app. It isn't perfect (reports and loan implementation could be better) but they are improving it and are a 100% mac developer.

Anyway, iBank has been doing a good job for me and I really like the mac like interface.

February 07 2010 at 1:26 PM Report abuse rate up rate down Reply
Michael Nikisher

I too love Mint but...

1. Every six weeks or so they break it in such a way as it will not connect to my credit union. It usually stays broken for 3-5 weeks.

2. It still cannot download loan account information from my credit union.

On the other hand, Quicken Online has no problem at all connecting to my credit union and downloading information from all of my credit union accounts. Of course, it doesn't do investment accounts.

So I am still looking for that elusive personal management tool that can do it all and do it reliably. BTW, iBank is not the answer as it is incapable of transferring any type of data from my credit union.

January 12 2010 at 10:46 AM Report abuse rate up rate down Reply
Karl

I am a big fan of Mint, but still use Quicken 2003 for one very important reason: future transactions. I can look six months or more into the future in my Quicken register and see potential cash flow issues. Best I can tell, nobody has a good solution for this.

January 11 2010 at 4:12 PM Report abuse rate up rate down Reply
Jeff

I found this on the Quicken support page for Quicken for Mac: Quicken discontinuation policy

Q. What Quicken 2006 services were discontinued on April 30, 2010?

The following services to Quicken 2007 were discontinued on April 30, 2010:

* Online bill pay
* Downloading financial data from your bank, credit union, credit card, brokerage, 401(k) or mutual fund accounts
* Downloading stock quotes, news headlines and other financial information into Quicken
* Uploading portfolio information from Quicken to Quicken.com
* Access to the investing features on Quicken.com including portfolio tracking, any watch lists you have created, One-Click Scorecardâ„¢, Stock Evaluator and Mutual Fund Evaluator.

Looks like they will force you to upgrade if you want to actually use any online services.

December 29 2009 at 8:08 PM Report abuse rate up rate down Reply
bobm

My wife uses Microsoft Money under VMware but it's been discontinued. I wish I knew what was up with money apps, I would have thought that it was a profitable market. However with MS leaving the market and Intuit unable to deliver a suitable replacement I'm not sure where to go next.

I'll give MoneyDance a look but will personally stay far away from the web based solutions.

December 20 2009 at 2:03 PM Report abuse rate up rate down Reply
Karen

I'm still using Quicken 2006 and likely to stick with it.

I tried iBank but it couldn't import my data from Quicken. Sigh.

December 19 2009 at 4:05 PM Report abuse rate up rate down Reply
Rick

I'm still not going to use any Intuit products! I've moved on to Moneydance and am a happy camper -- I can run it at work or home since it's Java based.. No, there's no speed issues because of that.. It just works!

December 19 2009 at 3:07 AM Report abuse rate up rate down Reply
motech

mint.com is great,
it automatically gets your transactions each night,
creates budgets for you, and has great charts and graphs.

it also automatically categorizes spending for you.

i currently use mint (on web and iphone app)
i also use cha ching (mac app and iphone app)
and squirrel (mac app and iphone app)

quicken 2010 looks promising
(i used to use quicken online and it looks to have similar features)

ibank is very functional, but the interface is so rugged.
not mac like at all.

December 18 2009 at 8:58 PM Report abuse rate up rate down Reply
1 reply to motech's comment
Steve

Only someone very unaware of internet "security" would trust their financial information to a web based service. Perhaps if you're fresh out of college, single, no investments, etc it'd be OK (for a while), but once things get a bit more complicated and/or the numbers get large, you need more security. And given Intuit's record, I'd never trust my financial records with them.

December 18 2009 at 11:24 PM Report abuse rate up rate down Reply
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