or Connect
AppleInsider › Forums › Software › Mac Software › Quicken Financial Life for Mac due this summer
New Posts  All Forums:Forum Nav:

Quicken Financial Life for Mac due this summer

post #1 of 44
Thread Starter 
Financial software maker Intuit disclosed this week plans to release a long anticipated update to its Quicken application for Mac users sometime during the summer of 2009.

The software, which was first previewed at last January's Macworld Expo, is being re-written from the ground up as a Universal application that better utilizes modern-day Mac OS X technologies like CoreData and Cover Flow.

It's also adopting a more streamlined interface akin to an early version of iTunes, with a sidebar positioned to the left and a workspace to the right that will display registers, statements, and other reports in Cover Flow mode.

As such, Intuit plans celebrate its rise from Apple's era of Carbon-based applications by completely rebranding Quicken for Mac as "Quicken Financial Life for Mac" when the software hits the market next summer.

Although the software was initially scheduled for release this past fall, the company revealed on Monday that it will miss that target by at least 9 months. Word of the new release date came as the software maker urged users to join an expanded Quicken Financial Life for Mac beta program.

"Due to overwhelming interest in the beta, at this time we cannot accommodate your request to participate," Intuit said in an email to one AppleInsider reader whose application was rejected from the beta program. "We expect to release Quicken Financial Life for Mac in summer 2009."Â*

Several other readers reported being accepted into the program, however, and were immediately provided a link to download a 123MB image file containing the second beta of Quicken Financial Life for Mac. (Readers interested in joining the program can apply through this link. Edit: Intuit has asked that we remove the link.)



The distribution includes a read me file [PDF] highlighting some of the design changes from legacy versions of Quicken, namely a move towards organizing data through tags rather than categories and classes.

Intuit is expected to preview the latest beta of Quicken Financial Life for Mac at its newly-expanded booth at next week's Macworld Expo. Meanwhile, readers interested in additional details can check out AppleInsider's report from last Macworld.
post #2 of 44
I was really eager for QFL to come out, but mint.com does most of what I need, has an iphone app, and is free...
post #3 of 44
And from what I read on Intuit's site it still won't be feature equivalent to the Windows version. Too little too late. I've been suckered by Intuit for the last time and will not accept bastard child status. Quicken for Windows barely works with Crossover or I would at least try it.
post #4 of 44
Yippee, another program than inappropriately uses CoverFlow!
post #5 of 44
This app is very long overdue. Its my last remaining app thats not Intel native. First impressions of the photo are I'm not impressed with the use of cover flow. I hate cover flow view except in iTunes. I actually liked the standard look of todays Quicken. Its simple and everything is right there. But I won't jump to total conclusions until I get to use it.
My website: Macxpress

24" Aluminum iMac 2.4 GHz, 4GB RAM, 320 GB HDD
Unibody MacBook 2.0 GHz, 3 GB RAM, 160 GB HDD
Quicksilver PowerMac G4 867 MHz, 768 MB PC133, 80 GB HD w/17" Apple Studio LCD...
Reply
My website: Macxpress

24" Aluminum iMac 2.4 GHz, 4GB RAM, 320 GB HDD
Unibody MacBook 2.0 GHz, 3 GB RAM, 160 GB HDD
Quicksilver PowerMac G4 867 MHz, 768 MB PC133, 80 GB HD w/17" Apple Studio LCD...
Reply
post #6 of 44
Quote:
Originally Posted by edgar_is_good View Post

I was really eager for QFL to come out, but mint.com does most of what I need, has an iphone app, and is free...

From your post I visited Mint's website. I was a little nervous to see everything is done over the internet. Although I'm sure the Quicken software will do the same things I'm a little nervous having everything in the clouds like that. How long have you been using Mint?
Just say no to MacMall.  They don't honor their promotions and won't respond to customer inquiries.  There are better retailers out there.
Reply
Just say no to MacMall.  They don't honor their promotions and won't respond to customer inquiries.  There are better retailers out there.
Reply
post #7 of 44
If it's like the rest of Intuits products, It will set new records for bugs.
post #8 of 44
He's a mod so he has a few extra vBulletin privileges. That doesn't mean he should stop posting or should start acting like Digital Jesus.
- SolipsismX
Reply
He's a mod so he has a few extra vBulletin privileges. That doesn't mean he should stop posting or should start acting like Digital Jesus.
- SolipsismX
Reply
post #9 of 44
First off, let me say that I have been a Quicken for Mac user since 1995. My life is in Quicken.

Having said that, Quicken for Mac has always been the red-headed stepchild of Intuit's product line. Opening it in Mac OS X is almost embarrassing. Each year, they would make only cursory changes and band-aid it just enough so that it "worked" in Mac OS X. It was embarrassing. It's still very much a System 7 app.

Quicken Financial Life for Mac? WTF. Why on earth would I need coverflow for my checkbook? Or tags or a tag cloud for my finances? Give me a break. If you are going to re-write a program from scratch, how about write a program that is functional. I'm all for using Mac technology, but how about using it appropriately. Give me a functional, modern Quicken for Mac minus the clouds.

Where does Intuit get their product direction from? Who do they listen to? Did some focus group tell them to write this program that looks good but isn't very functional. Intuit has NEVER listened to it's customers. I guess they figured, why start now?

Repeat after me: "Every Mac program does NOT have to look like iTunes". Say this 5 times until it sinks in.
post #10 of 44
Quote:
Originally Posted by razorpit View Post

From your post I visited Mint's website. I was a little nervous to see everything is done over the internet. Although I'm sure the Quicken software will do the same things I'm a little nervous having everything in the clouds like that. How long have you been using Mint?

Not too long (two weeks?). I read an article about it in the NYT and then saw they had an iphone app. I tried the Quicken online subscription before, but it was less functional (IMO) than Mint is. It's true, it's a bit freaky to have all of your accounts accessed in one place, and I think that if you want serious reports and stats, Quicken is probably better, but for just monitoring your money, and seeing if you're exceeding budgets, mint is great. It also sends you reminders (if you want) about credit card bills coming due, compares your return on investments vs S&P or Nasdaq, etc...

It just occurred to me when I saw the article about QFL and I was momentarily excited and then thought - wait, what else do I really need? Certainly worth checking out.
post #11 of 44
I've been using Moneydance since the early days of Mac OS X. While it may not have all the flashy graphics and inappropriate use of Coverflow, it does pretty much everything an accounting package should. Every so often I look at other packages, but I've yet to find one that convinces me to move from it.
post #12 of 44
Quote:
Originally Posted by razorpit View Post

From your post I visited Mint's website. I was a little nervous to see everything is done over the internet. Although I'm sure the Quicken software will do the same things I'm a little nervous having everything in the clouds like that. How long have you been using Mint?

I personally used Mint for six or so months and decided its simply not up to the task. I want very simple features: Bill Pay, Download of data, reports, and reports. Mint was always many days late in its data acquisition and with my account things are very fluid. I also felt it was simply too difficult to do much beyond reports.

I've personally cancelled my account since.
post #13 of 44
I just got my invitation to join the Beta. I originally signed up for the Beta right after Macworld when I first heard about it. I've been a Quicken user (on the dark side...) for years and it is the last remaining major application I use for which I maintain a Parallels bootcamp setup. As noted by others, the most current version for Mac, Quicken 2007 sucks and is far from feature equivalent to the PC version so I am hopeful this version finally allows me to say sayonara to XP...
post #14 of 44
Quote:
Originally Posted by initiator View Post

First off, let me say that I have been a Quicken for Mac user since 1995. My life is in Quicken.

Having said that, Quicken for Mac has always been the red-headed stepchild of Intuit's product line. Opening it in Mac OS X is almost embarrassing. Each year, they would make only cursory changes and band-aid it just enough so that it "worked" in Mac OS X. It was embarrassing. It's still very much a System 7 app.

Quicken Financial Life for Mac? WTF. Why on earth would I need coverflow for my checkbook? Or tags or a tag cloud for my finances? Give me a break. If you are going to re-write a program from scratch, how about write a program that is functional. I'm all for using Mac technology, but how about using it appropriately. Give me a functional, modern Quicken for Mac minus the clouds.

I disagree. I've been using Quicken since before 1995, first on the PC, then on the Mac. I switched to Quicken back when I was running System 7 and at the time, I actually preferred the mac version to the PC version. Let me say that it doesn't look like a system 7 app. To me, Quicken has actually been ahead of it's time! There really hasn't been that much you can do to it to improve it other than making sure it remains compatible with system releases. I must say that I have always despised downloading transactions from ANY financial institutions. If you download transactions, you may as well just get your statement, and forget balancing your check book.. just take the banks word for All your transactions. The entire point of Quicken or any checkbook register is the reverse.. Keep the bank accountable for what they say is in your account. This works because there are times I've questioned the bank and then received a credit based on their mistake. These are things that I feel Quicken does extremely well.

Therefore, Downloading transactions is of no use for me. Now.. about cover flow, whose to say that this will be useless. iBank already uses this so maybe there really is a good reason to develop this.
post #15 of 44
I hear a lot of complaints about this new "Financial Life" but none of you have used the download link and tried it out. I did and it's pretty nice. Even the cover flow view is used pretty well! I had no problem getting it to work with my B of A account and it downloaded all the data and set up spending categories too. I don't mind that it is using it's own look as it's not meant to be a Mac version of the Windows Quicken. Check it out before you start slamming it.
post #16 of 44
I had not problem signing up and immediately downloading the beta from Quicken.

I am excited to try it out and see how well it works.
post #17 of 44
Anyone downloaded it and gotten it to access citibank accounts? I get a 2018 branding error...
post #18 of 44
Was able to download it right away and eh, not overly impressed. Albeit it's not the final release but little things like the ability to hide inactive accounts are not there so here's hoping I can have a clutter-free sidebar come summer. I do agree w/ the previous comment(s) re. gratuitous use of Cover Flow - I suspected it worthless and indeed it is. Wish there were more graph options available.
post #19 of 44
I don't see QFLM showing up on the torrent sites yet. Too bad. I hate not having a good financial management software. I have tried so many without any success. I tried Mint.com but it locked me out of my bank account because of failed login attempts. When I tried to cancel my mint.com account, it continued to access my account at strange times of the day (the mint website says it only does it once daily). This worried me. I know a lot of people use Mint.com, but it frankly freaked me out having that info in the cloud. I finally had to change my account number because the mint servers continued trying to access my account.
"...men are that they might have joy."
Reply
"...men are that they might have joy."
Reply
post #20 of 44
Quote:
Originally Posted by razorpit View Post

From your post I visited Mint's website. I was a little nervous to see everything is done over the internet. Although I'm sure the Quicken software will do the same things I'm a little nervous having everything in the clouds like that. How long have you been using Mint?

I've used mint.com for 7 months and I think its great! It's pretty simple and straight forward allowing you to track balances, categorize your transactions, set up budgets and trend your spending habits. It very recently added an iPhone/iTouch application which is great. It doesn't have the ability to submit payments to your accounts, but that is not a feature I used in Quicken either.

I would rate it 4.5 out 5.
post #21 of 44
I hear enough complaints anywhere Quicken is discussed (especially around support, and next in not treating the Mac with parity) that I'll stick with MYOB First Edge.

It ain't beautiful, but it works, the manual is good, I got help (in fluent English) when I needed it, I mastered it in a few weeks and my accountant told me I gave him better books than businesses he's been doing for 15 years.

An iPhone, a Leatherman and thou...  ...life is complete.

Reply

An iPhone, a Leatherman and thou...  ...life is complete.

Reply
post #22 of 44
I got the beta invite email and downloaded/installed the dmg. I won't get a chance to put it through its paces until tomorrow.

I'll say in advance that I have high expectations, though I don't need "feature parity" to the Windows version. There are a lot of things in Quicken/Windows that I'd never use.

Some of the other apps recommended here are interesting, but I don't like Java ports on my Mac and I definitely don't trust someone to store my financial data in "the cloud".

iBank looks promising, but I could live without the "Quicken Killer" sales pitch; if you have to tell people yours is a killer app, then it isn't.

BTW if there are things in QFL you don't like, I think you can still sign up for the beta and submit bug reports and UI suggestions.

  Google Maps: ("Directions may be inaccurate, incomplete, dangerous, or prohibited.")

 

  MA497LL/A FB463LL/A MC572LL/A FC060LL/A MD481LL/A MD388LL/A ME344LL/A

Reply

  Google Maps: ("Directions may be inaccurate, incomplete, dangerous, or prohibited.")

 

  MA497LL/A FB463LL/A MC572LL/A FC060LL/A MD481LL/A MD388LL/A ME344LL/A

Reply
post #23 of 44
Quote:
Originally Posted by hmurchison View Post

http://www.thequickenkiller.com/

iBank is fine for what it is, and I'll admit that I use version 2 for my finances, but it lacks some major features that would be very easy to implement. For example, I think people have just about given up asking for a feature that allows you to track your net worth over time. Maybe they added the feature, I should check, but last time I tried iBank 3 couldn't import me iBank 2 file, and nobody could help me at IGG.
post #24 of 44
In January 2008, Intuit announced the Mac version of Quicken would be available about January 2009. Now they are saying summer of 2009. Giving Intuit the benefit of the doubt, this might mean that minimum system requirements for the Mac version of Quicken include Snow Leopard.

Or in other words, yes, they re-wrote it from the ground up for Mac OS X, but as a carbon app, and now they have to backtrack and make it a Cocoa app because of Snow Leopard.
post #25 of 44
I do not understand people's problem with Quicken's support of Cover flow. Based on the preview, it appears to be an option. So if you don't like Cover Flow switch it off. There is nothing wrong with giving people options. Moreover, since Cover Flow support is built into OSX it essentially takes no effort to add the capabilities. I think modeling Quicken after iTunes is also smart because the overall layout is a good way to organize information.

Nonetheless, I think Quicken for the most part has been a poor example of Mac Software especially with other cross-platform options like Monkey Dance available. I, however, respect Quicken for making the decision to rewrite the application from the ground up. That takes time and it will likely end up in a better application. I'll reserve judgement until the application ships.

Quote:
Originally Posted by initiator View Post

First off, let me say that I have been a Quicken for Mac user since 1995. My life is in Quicken.

Having said that, Quicken for Mac has always been the red-headed stepchild of Intuit's product line. Opening it in Mac OS X is almost embarrassing. Each year, they would make only cursory changes and band-aid it just enough so that it "worked" in Mac OS X. It was embarrassing. It's still very much a System 7 app.

Quicken Financial Life for Mac? WTF. Why on earth would I need coverflow for my checkbook? Or tags or a tag cloud for my finances? Give me a break. If you are going to re-write a program from scratch, how about write a program that is functional. I'm all for using Mac technology, but how about using it appropriately. Give me a functional, modern Quicken for Mac minus the clouds.

Where does Intuit get their product direction from? Who do they listen to? Did some focus group tell them to write this program that looks good but isn't very functional. Intuit has NEVER listened to it's customers. I guess they figured, why start now?

Repeat after me: "Every Mac program does NOT have to look like iTunes". Say this 5 times until it sinks in.
post #26 of 44
You'd have to agree that you are in the minority there. People are lazy and want the ease of use of automatically downloading transactions. You can still review the transactions after they are downloaded.

Quote:
Originally Posted by webraider View Post

Therefore, Downloading transactions is of no use for me.
post #27 of 44
Quote:
Originally Posted by dr_lha View Post

Yippee, another program than inappropriately uses CoverFlow!

Ugly? Yes. Innapropriate? No.

They seem to be using it as a file browsing interface which is pretty much what it was designed for.
In Windows, a window can be a document, it can be an application, or it can be a window that contains other documents or applications. Theres just no consistency. Its just a big grab bag of monkey...
Reply
In Windows, a window can be a document, it can be an application, or it can be a window that contains other documents or applications. Theres just no consistency. Its just a big grab bag of monkey...
Reply
post #28 of 44
Quote:
Originally Posted by SMacSteve View Post

I hear a lot of complaints about this new "Financial Life" but none of you have used the download link and tried it out. I did and it's pretty nice. Even the cover flow view is used pretty well! I had no problem getting it to work with my B of A account and it downloaded all the data and set up spending categories too. I don't mind that it is using it's own look as it's not meant to be a Mac version of the Windows Quicken. Check it out before you start slamming it.

What do you mean none of us? Sure some of us have. And I'm not impressed.
post #29 of 44
I used mint.com for several months but found it wasn't right for me.

The solution I found that worked for me was switching to Bank of America and Apple's Numbers.app

The bill payment features are excellent.
With Bank of America almost all of my bills are delivered directly to my online bill pay account.
I love not having to check 10 different sites to do my bills.

Bank of America also has a portfolio feature that also tracks investments, loans and other accounts all in one location.

Bank of America also has a very good iPhone app that you can make bill payments from and transfer funds.

I also use Apple's Numbers.app to track various aspects of my finances.
The thing I like about using Numbers is that it produces beautiful charts that help me see how I'm doing as well as project where I'll be in the coming year.
The charts give me a clear mental picture of my finances that keeps me motivated to not spend unnecessarily, pay down my credit card debt and invest wisely.
post #30 of 44
Quote:
Originally Posted by AppleInsider View Post


"Due to overwhelming interest in the beta, at this time we cannot accommodate your request to participate," Intuit said in an email to one AppleInsider reader whose application was rejected from the beta program. "We expect to release Quicken Financial Life for Mac in summer 2009."*


I also was able to download yesterday with no problem. I may be the only neutral party on Cover Flow use! I don't hate it, don't love it, it just is there to use.

As my first-ever participation in beta trial of a paid app, I have a seriously neophyte question: If you are a beta user do you have to pay for the real version when it comes out? Or are you grandfathered in as some sort of "payment" for participating before they sell it to the masses?
My guess is you keep the beta version, but pay for finished product if you want it. Sorry to sound dumb, just have never been exposed to this process before.

BTW, Intuit is used as great example of a company that listens to its customers in book The Ultimate Question, which is about measuring a company's customer experience. Sounds like many, many people would view their inclusion as an afront to common sense
post #31 of 44
Quote:
Originally Posted by TBell View Post

You'd have to agree that you are in the minority there. People are lazy and want the ease of use of automatically downloading transactions. You can still review the transactions after they are downloaded.

Downloading transactions saves hours of time for me, it's not about being lazy, it's about letting the computer do the import, which it's good at. Downloading transactions actually usually works in the current version of Quicken, but the file format is slightly different than windows and so the banks have to specifically support the Mac version, which delays their support. So Intuit sucks, but it's the best out there for people who want to avoid having to enter all their transactions manually. Or please correct me, I'd love to see an alternative that can read Quicken .qif files from all my banks, especially that handled all the Windows .qif files.
post #32 of 44
I've run through the beta, which doesn't take long. Only the basic check register functions are working. There are asset and loan categories, but they are just simple ledgers with no 'loan' or asset tracking features. The investment portion is completely non-functional... you can't add anything (yet). At least it looks like there will be a portfolio manager... as the original QFL specs made it sound like there would be no security-level (stock) tracking - only total account values.

If you can get it to download your statements, you'll have something to play with, otherwise it has the basic functionality of a Numbers spreadsheet right now... and not much more. This might of better been labelled an 'alpha' release, as perhaps only 25% of the actual functions are workable. I'd expect a beta to be feature complete, but buggy.

So, don't cry too much if you didn't get in on the beta - it is in absolutely no way ready to do anything more than track a checking or credit card account. If your 'Financial Life' is that simple, you can probably get away with Quicken Online.

I'm looking forward to the next release, and seeing if it is something that can finally replace the 10+ versions of MS Money I've been through in the last 15 years. Like MS or not, it still is the most feature complete and handles the complexities of multi-currency, stocks, mutual funds, etc...
post #33 of 44
https://quicken.custhelp.com/cgi-bin...er/sign_up.php

Just fill in the fields and download.

What's the big deal about sharing the link? Found it via Google.

MoneyDance, Mint, & iBank are all worthy of consideration (Mint being the more limited).

Looks to me like Macs will remain low on the Intuit priority list, especially given the Mac only rewrite/version and the major delay.
post #34 of 44
Quote:
Originally Posted by webraider View Post

I must say that I have always despised downloading transactions from ANY financial institutions. If you download transactions, you may as well just get your statement, and forget balancing your check book.. just take the banks word for All your transactions. The entire point of Quicken or any checkbook register is the reverse.. Keep the bank accountable for what they say is in your account.

Yup. I never understood this mentality. If you are going to blindly take your financial institutions word for things, why bother using financial software like Quicken at all?
post #35 of 44
I used iBank as a Quicken replacement for just over a week before I switched back. Mostly minor quibbles with its usability; e.g. couldn't summate multiple items within a transaction or use a category as both income and expense. I also found the whole Cover Flow and look-how-attractive-we-are points more annoying than useful.

Quicken for Windows is far superior to the Quicken 2005 for Mac that I use. Feature I miss the most is the Savings Goal feature. You'd think it'd be a fairly straightforward add.

My biggest concern about the forthcoming update is backwards compatibility. It took several days of crosschecking multiple accounts before my Quicken for Mac was even usable, immediately following the transfer from the XP version. It basically double counted the majority of my transactions.
post #36 of 44
Quote:
Originally Posted by DocNo42 View Post

Yup. I never understood this mentality. If you are going to blindly take your financial institutions word for things, why bother using financial software like Quicken at all?

I enter in all my transactions myself but I also use the download feature as well. You can use the downloaded transactions to reconcile on demand. Instead of waiting up to a month for your statement to arrive and doing the reconciliation then, I can reconcile within days of the transaction. If I find something off, I can deal with it immediately.

I discovered fraud on my credit card within a day of it occurring thanks to the download feature. If it wasn't possible to download transactions, I might have not noticed a problem for a long time and much more theft could have occurred on my credit card.

So, moral of the story here is don't knock a feature that you don't fully understand and don't wrongly put down people who use it.
post #37 of 44
I my humble opinion, I have been very disappointed with Quicken for the Mac. We have used it since Quicken Deluxe (copyright 1995). From our perspective, there has been little real progress. And it definitely feels like it gets worse over time. As I remember we found Quicken 2005 frustrating from 01 or 03. 07 is even worse. So my expectations for Quicken Financial Life are pretty low. ( Turbo Tax on the other hand is great. Must be two different companies under one roof out there. )

My main beefs with existing Quicken 2007 are:

* Reporting is remains limited. The main report formats are canned. We can't really configure the reporting to be very useful. After all of these years, we still can't do even a simple selection based on more than one factor, such as content = "Larry's Gas" and not "Larry's Tires". That means if tracking something with this small of a difference is important (for whatever reason), then you have to create two different categories.

* It appears to me that Intuit forces you to upgrade by ending support for Online Security price updates for each trailing version. Yep, without any good reason, they just stop allowing you to update stock and fund prices after 2.5 years. Therefore you must update to the next version. I believe this happened from Quicken 03 to 05 and then 05 to 07 for us.

* User interface changes are arbitrary. For example, prior to Quicken 07, when you double clicked on a transaction in the Upcoming list, it would open and you could edit it. This worked well for us for Utility bills which have standard split items but monthly values vary. We can't download from the Utility either. With Quicken 07, double clicking the upcoming transaction causes it to be entered in the target register. In order to edit one now, you have to go find it in the Scheduled Transaction list and update it there.

Quicken Financial Life
I downloaded the file and read the small user guide. I don't think that I will even try it. Coverflow in a financial app seems really weird. What use are all of the fancy reflections at the bottom of the pane? Duh? I thought the comment in the In Flight Entertainment section "We support 160 currencies" must have come from some junior marketing employee. How many of the Quicken users have been swooning for logging expenses or assets in different currencies? Just amazingly off-target both in mindset and delivery.
post #38 of 44
Not sure if anyone else has noticed but Quicken has closed furhter comments/discussion in the Quicken Financial Life for Mac Beat forums.

This isn't saying much since the forums were a bit of a sham anyway, with Quicken only posting the same "thanks we sent that to the dev team" comments over and over.

Given that there was no real progress during the time I played with the beta I see no way that they will release a product this summer.

The funniest part was reading person after person asking why they can't just make a Quicken version for mac that has the same features as the Windows version.

There must have been 50 people who demanded that QFLFM import their Windows data. This isn't surprising but it sure seems like Quicken is not going to provide the option.

Many people also wondered why the Mac version was losing features from Quicken 2007 for Mac, a program written in 2006.

I haven't seen a lot of betas but I can't imagine there are many that were as poorly run.
post #39 of 44
Intuit is a piece of shit company. I hope it goes bankrupt soon.
post #40 of 44
The new version of Quicken is now officially missing - from the Intuit website.
The evil that we fight is but the shadow of the evil that we do.
Reply
The evil that we fight is but the shadow of the evil that we do.
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Mac Software
AppleInsider › Forums › Software › Mac Software › Quicken Financial Life for Mac due this summer