It has trouble receiving data from certain financial institutions (Wells Fargo included) via web (or "espress") connection. I do not use "direct connect" which cost $10 monthly for EACH of most financial institution connection. The funny thing is the free, but less features, mint dot com web-based app, bought by Intuit, has no issue synching data. Mint even works with Robinhood, the free, web-based investment firm. The strange thing is this Quicken is still a dominant app. Some of the features of this Quicken are useless. For example, it's "cash flow" report is inaccurate as it appears this thing is clueless about accrual accounting. It's cash flow report, in my case, is identical to my income statement, which is completely wrong. The bank reports are closer to cash flow reports, but the bank reports do not include cash flows from funds borrowing or lending (or owing from purchasing, e.g. Paypal transactions). In short, this thing is a colorful but low quality both in terms of functionality and programming. Again, the surprising thing is no one has challenged its dominance, not even "You-need-a-budget," Personal Capital, or Mint, for a long time. I do hope Mint keeps evolving and eventually is bought by a smarter institution (like Robinhood dot com), as apparently the minds behind them are much brighter than those that are behind Quicken.
I tried Quicken 2017 and could never get the hang of it. The learning curve is stupid sharp and there's not really a way to learn. It would spit out numbers about how far under or over budget I was that made no sense. Then it kind of pissed me off when they sold to intuit in 2018 and kept trying to push me to the new subscription based plan. I use mint to collect all my bank, credit card, and savings account transactions. Then I export it into my own spreadsheet. That's all these budget programs are anyway. A spreadsheet with a fancy looking GUI.
Comments & Reviews (6)
Some of the features of this Quicken are useless. For example, it's "cash flow" report is inaccurate as it appears this thing is clueless about accrual accounting. It's cash flow report, in my case, is identical to my income statement, which is completely wrong. The bank reports are closer to cash flow reports, but the bank reports do not include cash flows from funds borrowing or lending (or owing from purchasing, e.g. Paypal transactions).
In short, this thing is a colorful but low quality both in terms of functionality and programming. Again, the surprising thing is no one has challenged its dominance, not even "You-need-a-budget," Personal Capital, or Mint, for a long time. I do hope Mint keeps evolving and eventually is bought by a smarter institution (like Robinhood dot com), as apparently the minds behind them are much brighter than those that are behind Quicken.
I'm not sure why Ben censors the word "!nst!tut!ons."
I use mint to collect all my bank, credit card, and savings account transactions. Then I export it into my own spreadsheet. That's all these budget programs are anyway. A spreadsheet with a fancy looking GUI.
Thank you!