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Quicken for Mac 2017 now available

Many thanks, kind sir. I'm on Quicken 2011 and find it works well, but am growing apprehensive re when even that will no longer work. I tried Q 2015 and found that most unsatisfactory so am hoping that Q 2018 will be robust and stable with all/most of the bugs & nits resolved.
 
mic j said:
I just want to know if the "new" Quicken developers are going to hold me for full purchase price ransom every 3 years to be able to use the product. That was the situation with the previous developers. Anyone have any insight on that?
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Well they have to make money somehow. I would expect about the same.
Unless you want software with Ads all over the place.
 
YMark said:
How does Quicken hold one hostage? Been out of the loop for a while.
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Most people find they need to repurchase every three years. If you use any online services (banks, stock prices,...) with Quicken, they stop working after 3 years. If you don't use any of this, then you can continue using the program "forever". Transactions can be exported into a CSV file, so your data isn't held hostage. IMHO "hostage" is a bit strong. Just consider it as a subscription fee.
 
I've just started to migrate everything from a Windows computer to my iMac. Last on my list is Quicken 2015.
But, like others have said, am waiting for prices to drop a little. Having to pay $74.99 again, isn't something I'm looking forward to...
 
I switched to using Macs about 10 years ago and for many years the last hold out app for me was Quicken for Windows. I ran the Windows version in Parallels for years. I heard Quicken Essentials was terrible. I heard some rumblings about Quicken Mac 2015 but not enough positives. When the 2016 version came out I began to hear more and better things.

This past spring I decided to try to bite the bullet. I got a bootleg version of the Mac 2016 product and migrated my Windows data to it. I decided to run them side by side for a while. I was pleased and they continued to put out several updates that continued to improve the product. After several months I decided that the software was capable enough for "my" use. That was in late August or so. I decided to purchase a legitimate copy. I knew that Quicken (the old owner Intuit) typically introduced new version in the September/October time frame. I waited a few weeks and now that 2017 has been introduced I purchased a legitimate copy and I have not updated my Windows version.

There has already been at least one update to the 2017 version and it is working very well for my desired and intended uses.

A.
 
ivantwilliams said:
I've just started to migrate everything from a Windows computer to my iMac. Last on my list is Quicken 2015.
But, like others have said, am waiting for prices to drop a little. Having to pay $74.99 again, isn't something I'm looking forward to...
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You can buy it on Amazon for less the $50
[doublepost=1479144346][/doublepost]
akwarner said:
I switched to using Macs about 10 years ago and for many years the last hold out app for me was Quicken for Windows. I ran the Windows version in Parallels for years. I heard Quicken Essentials was terrible. I heard some rumblings about Quicken Mac 2015 but not enough positives. When the 2016 version came out I began to hear more and better things.

This past spring I decided to try to bite the bullet. I got a bootleg version of the Mac 2016 product and migrated my Windows data to it. I decided to run them side by side for a while. I was pleased and they continued to put out several updates that continued to improve the product. After several months I decided that the software was capable enough for "my" use. That was in late August or so. I decided to purchase a legitimate copy. I knew that Quicken (the old owner Intuit) typically introduced new version in the September/October time frame. I waited a few weeks and now that 2017 has been introduced I purchased a legitimate copy and I have not updated my Windows version.

There has already been at least one update to the 2017 version and it is working very well for my desired and intended uses.

A.
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Do you use online bill pay?
 
DotCom2 said:
You can buy it on Amazon for less the $50
[doublepost=1479144346][/doublepost]
Do you use online bill pay?
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I do not use Quicken bill pay. I pay stuff directly through one of my banks. The payment entries are downloaded into Quicken during my next online account update.

A.
 
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Sorry to bring this thread back from the dead, but I figured it was better than starting a new one. I share everyone else's reservations. Been using Quicken on Windows for years, and MS Money prior to that. The Mac version of Quicken has always be a weak "lite" version. With the sale of Quicken, it looks like they are actually putting resources this time around. Even though I still have a year left on my Windows "subscription", I don't want to power up my PC every time I need to record something. It sounds like this version for Mac is finally almost at par with Windows. If years of data transfer over fine, I'm jumping in with both feet.

My question is, anyone have issues with migration or are there any known issues with old data. I want to just answer a couple questions but have net worth and balances equal exactly what they did with my Windows setup. I have bank accounts, credit cards, brokerages, funds, mortgages all loaded now. Anyone have issues with these? I'm particularly concerned about cost basis on equities transferring.
 
thesaint024 said:
My question is, anyone have issues with migration or are there any known issues with old data. I want to just answer a couple questions but have net worth and balances equal exactly what they did with my Windows setup. I have bank accounts, credit cards, brokerages, funds, mortgages all loaded now. Anyone have issues with these? I'm particularly concerned about cost basis on equities transferring.
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Net worth, balances, and cost basis on equities came over exactly but I did have some issues that I had to clean up. Here is what I said in another thread back at the start of the year when I went to Quicken 2016 from Quicken for Windows (2013, I believe). I've found some issues were "user error" but here is where things stand after nearly a year of use.

  • It created categories for most stocks I own or owned in the past. Don't understand why and the categories have dollar amounts associated with them so that deleting the categories ends up messing up the account balances. [Please note that i original used Microsoft Money before Quicken for Windows and the problem likely was related to that but just didn't appear until the move to the Mac version.]
  • My investment accounts are linked to cash accounts. These are not supported in Quicken for Mac as they aren't linked. Entering in a dividend now requires two entries, the second for the cash transfer.
  • In Quicken for Windows I had bonds at $1/share rather than "Quicken Shares" (I entered a $1000 bond as 1000, not 10 Quicken Shares). Import into Quicken for Mac messed everything up -- I had to edit all purchases, sales, and bond prices, for all my history in order to make reports look correct. Even worse, often adding prices or editing existing prices, the new prices would not "take" and I'd have to edit repeatedly.
  • When a mutual fund issues a dividend and capital gains, I now have to make separate entries for the dividend, short term, and long term capital gains rather than a single entry. And of course the third or forth entry for the transfer to the cash account.
  • There's no description anywhere of how Quicken (or Moneydance, for that matter) calculate "Income". On the Budget pane, my income shows as $0. I do have retirement, small business, and investment income, just no wages. On the Overview pane my spending is correct but "Net Income" bounces all over the place and in some months is negative. For instance this month it shows $-X saying it comes from 88 transactions and splits. Yet when I double click to see the breakdown the total becomes a positive 3.5X from 8 transactions, the correct amount. Very maddening!
  • The reconciling feature of the initial 2016 release was very crude. The vastly improved it mid-year but it too a while, marking all the very old transactions as reconciled, before it would work correctly. It still doesn't assist by adding a future credit card payment for you like the Windows version did.
  • On the other hand it implements transfers between accounts as two transactions using an intermediary account named "Transfer". This looks awkward at first but it allows me to ignore the "Transfer" account in reports so that transfers don't artificially inflate income and expense numbers.
 
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talmy said:
Net worth, balances, and cost basis on equities came over exactly but I did have some issues that I had to clean up. Here is what I said in another thread back at the start of the year when I went to Quicken 2016 from Quicken for Windows (2013, I believe). I've found some issues were "user error" but here is where things stand after nearly a year of use.

  • It created categories for most stocks I own or owned in the past. Don't understand why and the categories have dollar amounts associated with them so that deleting the categories ends up messing up the account balances. [Please note that i original used Microsoft Money before Quicken for Windows and the problem likely was related to that but just didn't appear until the move to the Mac version.]
  • My investment accounts are linked to cash accounts. These are not supported in Quicken for Mac as they aren't linked. Entering in a dividend now requires two entries, the second for the cash transfer.
  • In Quicken for Windows I had bonds at $1/share rather than "Quicken Shares" (I entered a $1000 bond as 1000, not 10 Quicken Shares). Import into Quicken for Mac messed everything up -- I had to edit all purchases, sales, and bond prices, for all my history in order to make reports look correct. Even worse, often adding prices or editing existing prices, the new prices would not "take" and I'd have to edit repeatedly.
  • When a mutual fund issues a dividend and capital gains, I now have to make separate entries for the dividend, short term, and long term capital gains rather than a single entry. And of course the third or forth entry for the transfer to the cash account.
  • There's no description anywhere of how Quicken (or Moneydance, for that matter) calculate "Income". On the Budget pane, my income shows as $0. I do have retirement, small business, and investment income, just no wages. On the Overview pane my spending is correct but "Net Income" bounces all over the place and in some months is negative. For instance this month it shows $-X saying it comes from 88 transactions and splits. Yet when I double click to see the breakdown the total becomes a positive 3.5X from 8 transactions, the correct amount. Very maddening!
  • The reconciling feature of the initial 2016 release was very crude. The vastly improved it mid-year but it too a while, marking all the very old transactions as reconciled, before it would work correctly. It still doesn't assist by adding a future credit card payment for you like the Windows version did.
  • On the other hand it implements transfers between accounts as two transactions using an intermediary account named "Transfer". This looks awkward at first but it allows me to ignore the "Transfer" account in reports so that transfers don't artificially inflate income and expense numbers.
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Ugh. This is what I was afraid of. I'm willing to put in some work to get it up and running, but I don't think I'm willing to give up automatic cash balances on the dividends and other ongoing maintenance. Also on the income issue, doesn't Quicken just add up the parent category of "income" to add them up? I get the weird Quicken share calculations on my Windows version so it's not a downgrade there. The transfer account is odd. That seems like more effort for Quicken than to just do a direct transfer between 2 accounts? I don't use reconcile much since I reconcile with almost daily downloads. I'm wondering if 2017 cleaned up the dividends issue. I guess I could try it and find out, but would love to hear if someone who came over in the 2017 version has similar issues.
 
thesaint024 said:
Also on the income issue, doesn't Quicken just add up the parent category of "income" to add them up?
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It doesn't seem to, since when I double click to see the itemization the numbers don't match. But as I said, Quicken for Windows (and Moneydance which I also tried) didn't give sensible numbers here either. Note that this problem occurs only in the Home pane overview, looking at Net Income. Reports are all fine. But then again there is no Income Over Time report available. The best I can do to see Income versus Expenses is to use Net Worth Over Time.

I get the weird Quicken share calculations on my Windows version so it's not a downgrade there.
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Strange since $1/share worked fine for Quicken for Windows (and Microsoft Money) for many years.

The transfer account is odd. That seems like more effort for Quicken than to just do a direct transfer between 2 accounts?
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Actually I find that great since by excluding the Transfer account from reports transfers between accounts don't bloat the income and expense calculations.

I don't use reconcile much since I reconcile with almost daily downloads. I'm wondering if 2017 cleaned up the dividends issue. I guess I could try it and find out, but would love to hear if someone who came over in the 2017 version has similar issues.
Click to expand...

Don't know what you mean by "automatic cash balances on dividends."
 
talmy said:
It doesn't seem to, since when I double click to see the itemization the numbers don't match. But as I said, Quicken for Windows (and Moneydance which I also tried) didn't give sensible numbers here either. Note that this problem occurs only in the Home pane overview, looking at Net Income. Reports are all fine. But then again there is no Income Over Time report available. The best I can do to see Income versus Expenses is to use Net Worth Over Time.


Strange since $1/share worked fine for Quicken for Windows (and Microsoft Money) for many years.


Actually I find that great since by excluding the Transfer account from reports transfers between accounts don't bloat the income and expense calculations.



Don't know what you mean by "automatic cash balances on dividends."
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Quicken for Windows has a hard time with stock splits and often throws off my shares. For some reason it doesn't always pull the shares cleanly from the brokerage.

Good point on the transfer account. I don't rely too much on the income calculations, but I do look at the expenses. I might be looking at it at a lower level than you, so I can always tell when Quicken is overstating a category.

Automatic ash balances on dividends - what I'm referring to is brokerage accounts not only tracking equity but cash as well. When dividends are paid, it just adds to the cash portion of the brokerage account, there is no separate cash account created in Quicken that would require transferring in and out as dividends are paid or when the brokerage gets funded or cash withdrawn. Downloading from the brokerage updates all this information, in one account, automatically. This is how it works for me now. Reading your comment, it sounded like a second cash account is added, then you need to manually transfer cash to buy a equity and vice versa. Did I misunderstand your comment?

Btw, thanks for answering my detailed questions. This is VERY helpful.
 
thesaint024 said:
Quicken for Windows has a hard time with stock splits and often throws off my shares. For some reason it doesn't always pull the shares cleanly from the brokerage.
Click to expand...

I haven't had this problem but then the only account I've got with equities I update manually.

Automatic ash balances on dividends - what I'm referring to is brokerage accounts not only tracking equity but cash as well. When dividends are paid, it just adds to the cash portion of the brokerage account, there is no separate cash account created in Quicken that would require transferring in and out as dividends are paid or when the brokerage gets funded or cash withdrawn. Downloading from the brokerage updates all this information, in one account, automatically. This is how it works for me now. Reading your comment, it sounded like a second cash account is added, then you need to manually transfer cash to buy a equity and vice versa. Did I misunderstand your comment?
Click to expand...

When setting up an investment account in Quicken for Windows there was a option to maintain a separate cash account. The separate cash account appears under banking accounts rather than investments. They are automatically linked so that dividends entered in the investment account are automatically transferred to the cash account -- the investment account always has a $0 cash balance. Since it was optional, it was possible to set up an investment account without the cash account, and this is the only option Quicken for Mac supports. When I switched to Quicken for Mac, the cash account is no longer linked. Of course I can do everything with the investment account which now allows a cash balance, but I liked it the other way.

I will point out that accounts that I would let Quicken update automatically (mainly 401Ks) never had separate cash accounts.
 
talmy said:
I haven't had this problem but then the only account I've got with equities I update manually.

When setting up an investment account in Quicken for Windows there was a option to maintain a separate cash account. The separate cash account appears under banking accounts rather than investments. They are automatically linked so that dividends entered in the investment account are automatically transferred to the cash account -- the investment account always has a $0 cash balance. Since it was optional, it was possible to set up an investment account without the cash account, and this is the only option Quicken for Mac supports. When I switched to Quicken for Mac, the cash account is no longer linked. Of course I can do everything with the investment account which now allows a cash balance, but I liked it the other way.

I will point out that accounts that I would let Quicken update automatically (mainly 401Ks) never had separate cash accounts.
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I never noticed that option to separate cash portion of the brokerage. Mac version support is good news for me so I think this will work. Now that I think of it, I can see the benefits of why you want to do it the other way (if they were linked). This will give you visibility on whether you have accumulated enough cash to make another buy, or for other uses for the cash. This may work for me after all. Thanks again for your info.
 
I bought Quicken for Mac the other day. Since I've now fully switched from my Windows 10 desktop, it was time to invest in Quicken for Mac and move my Quicken data over.

Talk about very different to the Windows version. Did my bills yesterday and normally it would take about 10 minutes or so. I basically had to 'learn' Quicken first. LOL
 
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afctee said:
I bought Quicken for Mac the other day. Since I've now fully switched from my Windows 10 desktop, it was time to invest in Quicken for Mac and move my Quicken data over.

Talk about very different to the Windows version. Did my bills yesterday and normally it would take about 10 minutes or so. I basically had to 'learn' Quicken first. LOL
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How did the data transfer go? Looking at screenshots and reviews it sounds like the Mac version is now vert close to Windows. Your assessment?
 
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