If you've used other versions of Quicken or other tools to manage your personal finances, you can convert your existing data file to Quicken for Mac compatible files (and in. (if you own Quicken for Mac, you know this headache first hand) In 2010, Intuit acquired Mint for $170 million. In 2016, Intuit sold Quicken to private equity firm H.I.G. It has a solid quite of investment tools, a robust budgeting system, and analysis that beats the rest. 11 Best Quicken Alternatives.
QFX.qfx Developed by Extended from QFX is 's proprietary version of the standard financial interchange. QFX is used in 's 'Web Connect' and 'Direct Connect' features to transmit and receive financial information over the internet. A QFX file is a standard file with additional fields to support a licensing fee paid by institutions to. In contrast, the standard OFX format is a free. Intuit's software will only import QFX files where the providing institution has paid the fee and in some cases passed quality tests, otherwise giving the error message 'Quicken is currently unable to verify the financial institution information for this download'. The same error message is given for Quicken users attempting to import previously downloaded QFX files with non-supported versions of Quicken (i.e. Quicken 2011 and earlier).
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I'm just converting over from Quicken for Windows to Quicken for Mac and I'm fairly surprised and disappointed by how limited the Mac version is. At this point I'm thinking of giving up and just going to Mint as it's just as limited. Wanted to check if I was just missing something. Is there an actual paycheck concept in the Mac version. Or just a memorized transaction with a bunch of splits? The windows version is really nice where it allows you to enter company match for 401(k), automatically calculates the residual balance to be deposited into the primary account if you split your direct deposit, etc.
Paychecks is just one of the features that seem overly basic that I'm having a hard time giving up. The other would be the whole workflow around accepting downloaded transactions and scheduled transactions into the register. I'm really not liking that they just show up without explicit action. These are just the day one limitations wondering if I'm going to be finding more, is there a feature comparison between the two versions?
For some reason I assumed the products were pretty much on par, but Mac seems to be a pretty limited version of a great product. What you see is what you get, but I don't think it is as simplistic as Mint. I suggest you give it time. Paychecks are indeed nothing more than a Split under the covers on both platforms.
Even when the Mac version had that paycheck wizard, I found it easier to simply enter the split so that I could choose which and control the order of the child lines that applied to me. Yes, you will have to manually update the children in the split if your pay varies.
I don't find it that hard to do. As for the downloaded 'transaction pen' to accept transactions, the project manager made it clear a few years back that they didn't want to go that direction as it was an additional obstacle in terms of getting transx into the register. I tend to agree. Whether, or not they backtrack on that design decision, I cannot say.
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I certainly hope not. If you go into this expecting it to work like Windows, you will be frustrated. If you keep an open mind to learn a new way of doing things, the transition will be far easier.
In agreement with John. One hint on the transactions acceptance issue. If you turn on the Status and Match status columns, this will give you good insight into the newly arriving transactions. The status column has icons indicating the download status: blue dot for downloaded, blue pencil for downloaded and matched. If you click the icon and Mark Reviewed, the icon disappears.
So you can consider marking reviewed as equivalent to accepting. In fact, you can invoke the Status Not Reviewed filter to see only those transactions that you have not reviewed (accepted). I don't agree that paychecks are just a split in the current version of Quicken for Windows, it has advanced features such as recording the 401(k) match without having to put in employer match income and then offsetting with a transfer to the 401(k) account. Under the covers this may happen but it's not visible in the register. This is fairly new, but cool feature.
Also auto calcs the remaining amount to be deposited in the primary account after updating taxes, etc. Minor tweaks, but overall just gives the impression of more polish and thought (and investment) put into the product. I would agree that the step to accept transactions into the register is an extra step, however only if quicken categorizes it correctly.
If you truly split out your transactions by the category which typically change for at least 50% of my transactions having to explicitly edit each one and then mark it reviewed is much more clumsy. Seems like a matter of perspective.
The scheduled transactions are not good, the quicken for Windows handling of them is much cleaner in my opinion. A lot of this could be what I'm used to vs what it does I guess I'm just surprised how different they are.
I was expecting more similarities as it's marketed as the same product, so I did go in with different expectations. Going to continue to try but also if I'm going to relearn anyway I'm going to look for better alternatives. The switch to subscriptions and what I feel is a pretty stripped down product aren't exactly what I was looking for. Thanks for the responses I do appreciate you taking the time to respond to ensure I understood what was there vs what I just couldn't find in the new UI.
Yes, there are many differences between the Windows and Mac version. The CEO Eric Dunn has committed to try to bring more parity between the two products over time.
That said, I suspect there will always be some differences, some minor, some major. As John in NC points out, some of it is just a different way of doing things, so you should give it some time to see if the differences work for you. That said, I agree that there are some features that I really find make life easier, such as the Transaction Downloading and Matching workflow that exists in QM2007 and eariler, and QWin. The product manager for Mac (Marcus) has agreed that this is a feature they will possibly add back in.and presumably if they do, it would be as an option, just like in the Windows version, so users can choose what works best for them.
I know that for simpler scenarios, the suggestions by RickO can work well enough for some but I know for my more complex and detailed needs, the controlled workflow works best for me; and many others, as this is the 4th highest outstanding requested feature on this forum. So that being said, you can add your VOTE to. First, click on each underlined link above to go there, then click VOTE at the top of THAT page, so your will vote count for THIS feature and increase its visibility to the developers by seeking to have the features you need or desire end up in the latest version. While you are at it, you may want to add your VOTE to related IDEAS found on the and the. Click on each underlined link, then follow the instructions to add your vote to more related ideas. Your VOTES matter!
(If you find this reply helpful, please be sure to click 'Like', so others will know, thanks.). Not sure if you converted your QWin data over. But if haven't and you decide to migrate your data, you do need to convert. If your data is from QW2010 or newer, the mechanics are quite simple.copy data file over to Mac. Open data file with QM2018. The built-in conversion process will step you through but there are a few things you need to know; here is the entire process: In your case, you can skip steps 1 and 2 but review all the prep and background info before: If you need to use an intermediary version, as mentioned on that page, instead of getting QW2010, you can try using QW2013 available from Quicken for FREE here: (that first page needs to be updated;-) ) NOTE: Be aware that at this time, it is very difficult to convert back from Mac to Windows, as there are many problems with the reverse conversion process. I also suggest that you make sure that Quicken 2018 for Mac will meet your needs, since it was re-written from the ground up (starting in 2010 with Quicken Essentials) and is not the same product as the Windows version, so there are some features that are still not there e.g.
Full loan amortization., 2-line display, QuickMath, or are not as fully developed yet, e.g. Customized Reports, some investment performance reports and stats (therefore some data may not carry over). You can start here:.NOTE: Support for fixed rate loans has been released as of QM2017 v4.5.x but there is no announced timing for support for variable rate or simple daily interest loans. You may want to review the. Add your vote to any features that are missing for you.
Your VOTES matter! Be aware of data that will and will not carry forward: (A couple more things to note: historical currency rates are not migrated AND currency conversions of transactions are not migrated).