Q: best financial software for mac

In QFW you store the passwords in encrypted form on your machine. Intuit does not have access to them.

However, Quicken now offers an online service that will update your account balances and share it with your iPhone and iPad. If you use this cloud service, you have to give Intuit some access to your passwords.

I don't find that I use the iPhone app as much as I thought I would, so it is not an issue for me.

AppleMan1958 wrote:

 

In QFW you store the passwords in encrypted form on your machine. Intuit does not have access to them.

In this day and age, I just do not think I would put much trust into the efficacy of this system for ALL of my most valuable financial accounts!

We always hear that their system is foolproof, until the hack!

For me: a few extra minutes are well worth protecting my nest egg.

That being said, it does appear that Quicken 2007 does include a basis to connect directly to financial institutions and download their transactions.  I am not sure if this is their definition of Web Connect, but it look like it is.

What makes it worthwhile to run Quicken Deluxe 2013 on a Mac?

1) ease of use ... 3 clicks

2) ROCK solid

3) Quicken 2013 - Quicken 2007 = 6 years behind

4) other Windows only software is no problem.

5) all software was already in house

6) taxes were a breeze ... does turbotax interface with quicken 2007 for mac?

par333 wrote:

 

What makes it worthwhile to run Quicken Deluxe 2013 on a Mac? vs. running Quicken 2007 Mac natively

1) ease of use ... 3 clicks    1 click

2) ROCK solid   same

3) Quicken 2013 - Quicken 2007 = 6 years behind  this statement has no meaning; Does 2013 Tide wash your clothes better than 2007 Tide?

4) other Windows only software is no problem. other Mac only software is no problem

5) all software was already in house  $15 to run Quicken natively on Mac

6) taxes were a breeze ... does turbotax interface with quicken 2007 for mac? YES, see screenshot below:

Thank you for your input.

Looking into investments migration from Quicken for PC to Quicken 2007 for Mac:

I do not have access to a Windows version of Quickemn in an attempt to experiment directly with this issue (and I only have Windows XP from an earlier copy of Connectix' VirtualPC, which I use in BootCamp and Parallels on my MacBook Pro).

However looking at this Intuit support document:

https://quicken.intuit.com/support/help/how-do-i-convert-quicken-for-windows-fil es-to-quicken-for-mac-/GEN82890.html

From this document we learn:

Components that can be converted to Quicken for Mac

1. Account types that exist in both Quicken for Windows and Quicken for Mac.
2. Banking transactions.
3. Most investment transactions. For information, see how to convert investment data.
4. Categories, tags, and securities contained within the exported transactions.

 

and

Components that cannot be converted to Quicken for Mac

1. Employee Stock Purchase Plan (ESPP) transactions
2. Employee Stock Option Plan (ESOP) transactions
3. Quicken for Windows business accounts:
   1. Invoices
   2. 2.  Business bills
4. Loan amortization schedules
5. Online banking information such as account setup information, Online Payees, and online payment instructions
6. Scheduled Transactions
7. QuickFill (memorized) Transactions
8. Saved or memorized reports
9. Security price history
10. Tax status of Investment accounts
11. Certain types of investment transactions. More information about convert investment data is available.

 

Clicking on convert investment data brings us to this Intuit support document:

https://quicken.intuit.com/support/help/convert-investment-data-from-quicken-for -windows-to-quicken-for-mac/GEN82602.html

This document can be summarized with this information:

Because of differences between Quicken for Windows and Quicken for Mac, some transaction types must be edited in Quicken for Windows before you can convert them. The following information shows which transaction types must be edited and how to edit them.

Existing Transaction:	Change to:
MiscIncX (Miscellaneous Income Transfer)	MiscInc and an XIn
MiscExpX (Miscellaneous Expense Transfer)	MiscExp and an XOut
MargInt (Margin Interest)	MiscExp
MargIntX (Margin Interest Transfer)	MiscExp and an XIn
CGMid (Capital-Gain Mid Term)	CGLong
CGMidX (Capital-Gain Mid Term Transfer)	CGLong and an XOut
ReinvMid (Reinvest Mid Term )	ReinvLG
RtrnCapX (Return of Capital Transfer)	see below

 

and

If you have a RtrnCapX transaction in a single mutual fund account, before converting the data, you must edit the account so it is no longer a single mutual fund account.

1. Open the account in question and select the Summary tab.
2. In the Account Attributes section, locate the Single Mutual Fund? field and click Yes.
3. When the confirmation message appears, click Yes.

 

AppleMan1958:

What is your view of this information?

Yes, you are onto the right document. If you read on, you will see that Reinvestment of Income and Reinvestment of Dividend transactions also have to be manually entered.

OK: thank you for establishing what appears to be the only reason to keep using Quicken for PC over migrating it and using Quicken for Mac: that is manually re-entering certain investment transactions.

So, in the situation where a Quicken for PC user does not have the burden of re-entering investment transactions (or where the manual entering of this information is not such a burdensome task), it appears that using Quicken 2007 for Mac has no other disadvantages over using the more burdensome and costly Bootcamp/virtualization/Windows method of using Quicken for PC on a Mac.

However, I do recognize that habitual actions are familiar to a user and the aspect of a new learning curve for the Mac User Interface for Quicken 2007 for Mac is also a factor on whether or not to change.

This information gives me a good basis to respond to the oft asked questions about the differences between Quicken 2007 for Mac and Quicken 2013 for PC.

Lots of redundancy in 17 pages. :)

The benefit of having a Mac w/intel x86 architecture is you boot the OS you want and roll with the software you feel best serves your needs.  OX, Windows, Unix, it all works.

So someone please say something in this thread that hasn't been said already, several times.

Wishing well...

PaulB190 wrote:

 

So someone please say something in this thread that hasn't been said already, several times.

OK: There is no "best financial software for Mac."

Quicken 2007 for Mac

I am perfectly happy with this software BUT have a question: Will it work with MAC Mavericks? I have not yet downloaded Mavericks because I am afraid it will mess up my computer.

Is anyone running Quicken 2007 for Mac with Mavericks? Successfully?

Please advise. Thank you.

If you purchased it prior to February 2012, then you need the upgrade for $15, version 16.1.4:

http://quicken.intuit.com/personal-finance-software/quicken-2007-osx-lion.jsp

If you are currently running Snow Leopard, DO NOT install Mavericks over it; as it will destroy the Snow Leopord environment.  Partition your hard drive or add an external drive and install Mavericks there and use the "dual-boot" system (System Preferences:Startup Disk) to boot into either Snow Leopard or Mavericks. Continuing to have access to Snow Leopard will be important in the future.

Be sure to clone or backup your existing system BEFORE you upgrade to Mavericks.

Quicken Mac 2007 OS X Lion works in Snow Leopard through Mavericks.

 

Typographica9 wrote:

 

Lost of opinion and frustrations in this thread and out there on the interwebs......

 

My 4 cents:

 

YNAB is a fantastic new option you HAVE TO CHECK OUT!  It's like Dave Ramsey but even more simple.  My wife and I have never been able to follow a budget for more than a month or two for the last 10 years of marriage until now.  Check out the site and videos for more background.

 

It's the best system I have used, but it requires a lot more work on my part.  If you're looking for sofrware that does all the work for you, then I'd stay with something similar to Quicken.

 

Quicken is the most robust:  Quicken Essentials for Mac

People either love or hate it, so read the reviews for lots of perspectives

YNAB is very different/interesting option and a new player.  Quicken is a great option, but in case you hadn't noticed......whether or not it is superior to other software is debateable

You realize that you are rebooting a post from July 31, 2013!?!

To summarize since that time, anecdotal evidence on this forum clearly indicates that Quicken Essentials is generally loathed by members of this forum in favor of Quicken 2007 for Mac!

Not worth the price, even though it does import Q'07 data files. Too many missing features. Do note that Q'07 runs on SL through Mavericks. Q'15 won't run on SL.