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Switcher Hangout (Windows to Mac)
Banking software
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<blockquote data-quote="Daddy Elmis" data-source="post: 955815" data-attributes="member: 16533"><p>I've used Quicken for years and years (on PC), and this is <u>the</u> one item that switching to Mac just made impossible. Quicken Mac is not worth the price of the box they pack it in. As generally poor as the program is (compared to its Windows counterpart), a few years back Intuit decided it could charge a licensing fee to participating banks if they wanted a fully integrated Quicking platform (which, BTW, you previously had for years with Quicken as a basic feature). Many/most banks said "no thanks" to paying the fee, so the Quicken implementation in many banks is just the ability to manually download account statements in the proper format. In a fully implemented mode, Quicken automatically connects and gets your info, imports and categorizes, and reconciles the statement. </p><p></p><p>A couple years ago I went through the evaluation process on a number of Quicken alternatives. My conclusion? There's nothing out there that really is much better than an Excel spreadsheet. I found nothing that properly integrates with your bank accounts (by "proper" I mean the way that Quicken PC automatically retrieves, downloads, and imports and categorizes your banking statements of all kinds). Combined with most larger banks now implementing "online banking" for bill pay, balance checking, transfers, etc., and the real advantage of a finance program (which to me is budgeting and tracking) is gone unless the program can do the manual labor itself (see note on "proper" integration above). If I have to manually download, import, etc., I may just as well use an Excel spreadsheet and save the money I would have spent on some "specialized" program.</p><p></p><p>I suppose there is just not the consumer demand for an application, but you'd think completely porting Quicken PC to Mac would not be that hard a thing to do.</p></blockquote><p></p>
[QUOTE="Daddy Elmis, post: 955815, member: 16533"] I've used Quicken for years and years (on PC), and this is [U]the[/U] one item that switching to Mac just made impossible. Quicken Mac is not worth the price of the box they pack it in. As generally poor as the program is (compared to its Windows counterpart), a few years back Intuit decided it could charge a licensing fee to participating banks if they wanted a fully integrated Quicking platform (which, BTW, you previously had for years with Quicken as a basic feature). Many/most banks said "no thanks" to paying the fee, so the Quicken implementation in many banks is just the ability to manually download account statements in the proper format. In a fully implemented mode, Quicken automatically connects and gets your info, imports and categorizes, and reconciles the statement. A couple years ago I went through the evaluation process on a number of Quicken alternatives. My conclusion? There's nothing out there that really is much better than an Excel spreadsheet. I found nothing that properly integrates with your bank accounts (by "proper" I mean the way that Quicken PC automatically retrieves, downloads, and imports and categorizes your banking statements of all kinds). Combined with most larger banks now implementing "online banking" for bill pay, balance checking, transfers, etc., and the real advantage of a finance program (which to me is budgeting and tracking) is gone unless the program can do the manual labor itself (see note on "proper" integration above). If I have to manually download, import, etc., I may just as well use an Excel spreadsheet and save the money I would have spent on some "specialized" program. I suppose there is just not the consumer demand for an application, but you'd think completely porting Quicken PC to Mac would not be that hard a thing to do. [/QUOTE]
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