Lion OS X 10.7 and Quicken 2007

I too downloaded the 30 day trial of iBank. The import from Quicken 2006 was flawless. After adjusting to the new interface, I'm sold. It took a short learning curve to figure out the reconcile process but after that it was a breeze to make the transition to a much better program. I am an original MAC 128K owner so I've dealt with the Intuit issues for many years, like dropping Quickbooks then bringing it back, upgrades for no good reason only to fill their pockets. I NEVER liked Quicken since the very first time I used it so many years ago. I also don't like Intuit overall.

FO

IBank has a tutorial page which would be good for those considering switching to watch the videos and get an idea of how it works.

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

George in NY

I tried running a report with just Tags (it's in the "Category Summary"). It pulls up all the data for that Tag and then organizes it in sections below for each category. It looks very similar to reports I created in 2007.

Yes QEM splits transactions.

As far as exporting data, QEM will Export Transactions to CSV, Export QXF file, or Export Tax File.So if you need a QIF, you might want to export all your data as a QIF first before trying out QEM.

Thanks for the information about QEM and split transactions.

It sounds like QEM's "tags" form another way to categorize transactions without providing the ability to use categories and tags as row and column headings. I want to be able to create in another financial program a report like this this one that I can create with Quicken 2007:

Class 1 Class 2 Total

Category 1 450.00 230.00 680.00

Category 2 125.00 170.00 295.00

----------- --------- --------- -----------

Total 575.00 400.00 975.00

William, I couldn't figure out how to do a report like that. It might be possible to export the data as a CSV and then organize it in a spreadsheet.

tincha wrote:

I couldn't figure out how to do a report like that.

That's what I feared. Such a report is less critial for me now. In the past I had three different classes for that report. Now only two of them are active. I suppose in the worst case I could run the report twice, once for each class.

It might be possible to export the data as a CSV and then organize it in a spreadsheet.

Possibly, but the main reason to use a financial program instead of a spreadsheet in the first place is that it's suppose to make a lot of things easier.

I have used Quicken products for many years. I am currently using Quicken 2007 primarily to track investments. I have over 30 years of investment data saved up. Most of the messages I have seen so far on this website deal with banking functions. I don't use Quicken 2007 for banking. In light of Lion not being compatible with Quicken 2007, is there an alternative program that has similar capabilities for tracking investments (tracking transactions, dividends, capital gains, etc.) that can be used with Lion?

You might check out Quickbooks- it looks like it is Lion-ready and it appears to be able to export data in a variety of formats, including .csv's.

Ok, so I wish I had searched not this before, but I just upgraded to Lion and didn't realize Quicken would stop working. In did not convert my quicken data files to qif, but I do see a Quicken backup folder with qdfm files. Will any of the other finance software out there import these files, or am I pretty much out of luck.

See https://discussions.apple.com/thread/3195097

I downloaded the trial version of iBank yesterday. Imported my Q2007 datafile which I had exported to a .qif file. I have data going back to the 1980's and numerous investment accounts. The import into iBank went smoothly, to my surprise. I'm currently auditing it.

Investment accounts reconciled pretty easily to Quicken. I have not found a "reinvest dividend" action in iBank, which they ought to create. Nor "reinvest cap gains long" as well as a few other functions. They may be there but I haven't yet found them.

I'm now trying to figure how to "re-reconcile" all my checking statements going back years. The import from Quicken does not carry reconciliation data for transactions. But iBank has a workaround to get you caught up to your most recent bank statement.

It's not yet clear to me how good the report writer is in iBank but I will withhold judgement for now.

I was able to go online through iBank and easily download data from my bank and brokerage. I tend to use billpay through my bank, not thru this app. So so far that's not a big problem.

It's been a pleasant surprise to find an app that looks like it has a good chance of replacing Quicken for the Mac.

Does anyone know if there is a discussion board for users of iBank where they can share questions?

Goodbye Intuit. We are watching your long-running "bail on Apple" strategy come to fruition.

Rich

http://forums.iggsoft.com/index.php is the iBank Group

George Chapman wrote:

http://forums.iggsoft.com/index.php is the iBank Group

Thanks. Those forums look useful!

My understanding is the iBank does not support Classes or Tags. Therefore, if you use classes, when you import the classes are converted to sub-categories which I imagine could be a real problem for some.

A week ago, I partitioned my HD into one section with everything except Quicken and the other much smaller section with simply Snow Leopard and Quicken 2008. It works perfectly. Shortly I will upgrade the first partition to Lion and everything will work properly and simply.