Lion OS X 10.7 and Quicken 2007

As Quicken will not be supporting the Mac Lion Update, I will require a replacement financial/banking software package for Quicken 2007.

I tried Quicken Essentials but it does not do what I need.

I am looking for the following features:

Check Printing

Memorized Transactions (QuickFill in Quicken)

Custom Reports

Memorized Reports

Scheduled Transactions

I do not need investment/budget/online banking features.

Any suggestions gratefully received!

...John

You know I just don't know who to get angry at more, Quicken for never really supporting or making decent Quicken for Mac's and trying to palm off Essentials on us or Apple for not seeing to it that Quicken 7 would run on LION. Really disheartened but both not caring enough about thier customers. So many of us have 15 years of financial data and use Quicken daily 😟

George in NY

I know this is a dead horse but when I finally got some semblance of Essentials working I wanted a Net Worth statement. Guess what they have a sort of one hidden in the Tools but as far as I can see there is no way to change the date. I've got 2 files of Essentials running as well as my Quicken 7 just to be sure I don't mess up my data. Then in an email from Quicken today they proclaim their interest in Apple but say

" In addition, we are evaluating options for Quicken Essentials for Mac."

Intuit did this once before when OS 9 was discontinued and we went quite a while until they brought out a new release. There must be a better company out there. I've tried a few but not found a winner yet.

The answer to the question about whom Quicken Mac sutomers should be angry at is obvious to me: Intuit and Quicken and not Apple which continually upgrades its software. As proof of Quicken's disdain for their customers, read this incomplete and distorted announcement Quicken just sent to all their Mac customers about the problem that they created by not supporting and upgrading their Mac product and insulting all Quicken users by creating a retrograde "non-essentials' product.

http://quicken.intuit.com/support/articles/getting-started/upgrading-and-convers ion/8207.html

Note it is incomplete and misleading: one obvious answer that has already been mentioned in this Apple discussion is to partition your hard drive and run both Lion and Snow Leopard (with Quicken 2007 on it.) Quicken doesn't mention this. Furthermore, they 'punt' in response to innumerable long time customer requests to upgrade Quicken's Mac program to the same level as their Windows version.

Simply disgusting IMHO. If I had an alternative, I would switch yesterday but I require electronic bill pay and other features that Quicken has provided in the past.

I have set up a Quicken on SL partition but this is a pain. I just read something that suggested a way to get to a company was through Twitter. I don't know anything about Twitter but I wonder if those who do could get thru to Quicken or Intuit that way.

Quicken has known about this problem for years and obviously doesn't care about solving the problem it created for its customers by 'abandoning' its full Quicken program. Now that the 's---" is about to hit the fan, why should it change. The email sent today simply pushes its other programs ("Essentials", Mint, and Quicken for Windows) and demonstrates its arrogance toward its Mac customers. The smartest thing that ibank could do is to immediately include electronic bill pay and the other true essentials in Quicken 2007.

I have use Quicken Essential along side Q2007 for the last year, I was one that help out hope Intuit would get the job done before Lion came and and Quicken Essential would be ready for prime time.

Not going to happen, so I dumped it and have given iBank a try.

Very happy with it, import worked well, I did have to do some adjusting but thats more of the results of data going back to 1989 and that was imported form something else. It does not do bill pay but for me thats not an issue. I have 3 checking accounts, 5 money market accounts(Joint, wife ira and roth, me ira and roth) 4 bond accounts, 5 stock accounts. There are some reports that I use that I would like to see presented different, they are not quite like Quicken, its what I am use to, so I have to change there.

I gave the iBank 30 day free trial a go and then bought the program, I have now used the program for almost 3 months, support has been outstanding, they are very good about getting back to any questions. They also have a very extensive user manual that can be downloaded.

I want to move to Lion when it comes, and the thought of doing any of the other options, just does not work for me.

Lamarche

Lamarche

Followed your example and downloaded Free trial this morning. Everything easily and correctly exported from Quicken 7 and imported into Ibank without a problem. I have 19 years of data and multiple accounts including brokerage etc NO PROBLEM.

Initial testing I love it so far, better than Quicken 7 me thinks after learning curve. However I will reserve opinion and dumping Quicken after a couple decades until I play some more.

George in NY

In the same boat (Quicken 2007) and have not tried iBank yet (lack of time at present, and unfortunately wasted what time I had by trying some others which were not satisfactory). But I'm going to need to switch.

Since you're testing, when convenient can you advise whether iBank produces and Income and Expense Report like Quicken 2007 does, with suffient detail to give to the CPA at the end of the year for small business income tax preparation?

Am in the same boat as well, though don't really have a problem withn QEM except Wells Fargo will not support direct connect at present. iBank sounds interesting, but does anyone know if it will support direct connect with Wells Fargo? I have sent the same question to iBank support, but haven't heard back yet.

Interesting that your export/import process worked cleanly. I use splits intensively. Every paycheck I get I enter the gross amount and then all the deductions (taxes/401k/insurance etc). The 401k debit becomes a credit to my 401k account. Every credit card payment has splits breaking out individual items so that my reporting on expenses and 401k contributions is accurate.

The iBank folks told me that the QIF file format does not handle these types of splits between accounts well and results in double entries. Since I've been doing this for many years a bunch of my accounts had different balances in iBank than in Quicken.

For list of iBank support banks see:

http://www.iggsoftware.com/ibank/ofx_info.php

Not good for small business. 😟 I split credit card payments and checks to places like Office Depot between categories (Supplies, software, hardware, lodging, travel, library, internet, for example), and split multiple checks made in one deposit amongst several clients and sub-split each client between his/her/its fees and costs.

Referring back to my earlier post 4 up, that's how I do my Income and Expense Report in Quicken 2007 for tax/CPA purposes.

Jim Llaurent wrote:

Interesting that your export/import process worked cleanly. I use splits intensively. Every paycheck I get I enter the gross amount and then all the deductions (taxes/401k/insurance etc). The 401k debit becomes a credit to my 401k account. Every credit card payment has splits breaking out individual items so that my reporting on expenses and 401k contributions is accurate.

The iBank folks told me that the QIF file format does not handle these types of splits between accounts well and results in double entries. Since I've been doing this for many years a bunch of my accounts had different balances in iBank than in Quicken.

Jim,

I don't use splits at all, maybe an odd one back in the day somewhere so created no issue for me. Reading the posts it is obvious we all have our own ways of maintaining our records based upon our needs. Now although I use a billpay system I use a banks system and manually record entries in my checking using my own code in place of the check number. In fact I do not download ANYTHING from any of my banks, instead I manually enter every transaction no matter what type or account. I do this to maintain what I consider the integrity of my own accounting. In other words if bank makes an error and I download that error into my records everything will obviously reconcile even if bank or brokerage is in error. That error would match the error they downloaded me and if not noted eveything woud appear okay. So functions such as programs billpay, downloading transaction via connecting online do not effect me so I cannot judge Ibank performance in those areas.

George in NY

pcbjr wrote:

Not good for small business. 😟

I don't know anything about how it works but I noticed on their site they have IBiz, perhaps that has more of what you need?

George in NY