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Old 01-07-2021, 08:15 PM   #61
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Originally Posted by jimbohoward69 View Post
I guess I'm just trying to comprehend why someone would pay $40-$50 a year for something that they, more than likely, could do manually in a matter of minutes. If I'm missing the big picture, please educate me
I'll join with the others. Yes, you're missing the big picture. I switched to Quicken in 1999 when my assortment of spreadsheets, checkbooks and statements was starting to get annoying. I currently download banking and credit card accounts from 4 banks, and investment accounts from 3 brokerages. 22 accounts in all. Several hundred individual interest and dividend payments in the course of a year.

I don't use any of Quicken's budgeting or planning features, I use it as a super-checkbook that is balanced and correct at all times. I might look at an actual account statement once or twice a year.

I could not function without Quicken. As long as I don't venture outside the features that I use, and accept that their customer support is horrible, life is good.

edited: And did I mention that when I offered to help out a CPA friend part-time during an idle period awhile back, he was amazed that I could sit down with his Intuit QuickBooks system and jump right in with no training needed.
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Old 01-07-2021, 08:49 PM   #62
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Being a longtime Quicken users, I tried Money Dance couple weeks agao. It works for the most part, except for my credit union. Anyway, I jumped on pb4ski tips for $31 quicken deal, so Money Dance will have to wait another year (hopefully by that time it will work with me credit union)
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Old 01-07-2021, 09:08 PM   #63
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The response didn't have anything to do with MoneyDance... but rather with jimbohoward69 asking why many of us would spend money when in his mind to do it manually was a "matter of minutes".

I missed that, which is what I get for skimming.

Regardless of Quicken or MD, I agree itís money well spent to use software that makes your life easier. I wouldnít want to manually download anything. Unfortunately, auto downloads arenít always available, he says while thinking about Fidelity/Elan. I guess for the 2%, itís worth the inconvenience.
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Old 01-07-2021, 10:29 PM   #64
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The 'X' account is a contra account. In the language of double entry bookkeeping it is the offset of the money as it is moved between categories. If you delete the X account it affects reporting. While it may show up in the Detail report the results are consolidated elsewhere, like in the Income/Expense report.

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You shouldn't need a contra account for transfers (not really a contra account, but as you call it)... for an asset its just debit the account that receives money and credit the account that transfers money out... that is the way that it is done in Quicken.
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Old 01-08-2021, 12:45 PM   #65
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You shouldn't need a contra account for transfers (not really a contra account, but as you call it)... for an asset its just debit the account that receives money and credit the account that transfers money out... that is the way that it is done in Quicken.
I agree. But if MD does exactly as Quicken does, they violate copyright. This is just one difference between the two products. Budgeting on Quicken is much easier than MD, but again, they can't do it the exact same way for legal reasons.

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Old 01-08-2021, 01:10 PM   #66
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No.... BS. There is no copyright on things like that. You're making stuff up.

For whatever reasons MD decided to do transfers in a screwy way.
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Old 01-09-2021, 10:51 AM   #67
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I received an advertising email from Quicken for "Simplifi by Quicken". Does anyone know if this is like a stripped down version of the full Quicken version?
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Old 01-09-2021, 10:53 AM   #68
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I received an advertising email from Quicken for "Simplifi by Quicken". Does anyone know if this is like a stripped down version of the full Quicken version?
As you received the ad, what did it say about it?
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Old 01-09-2021, 10:57 AM   #69
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As you received the ad, what did it say about it?
Since I'm not a Quicken user, I don't know how it compares to the full version. Just thought a Quicken user here might have some knowledge about this 'Simplifi' version because I'm thinking about moving from Mint to Quicken.
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Old 01-09-2021, 10:59 AM   #70
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It looks like a new product effort by Quicken focusing on mobile platforms and the web. No desktop version... so that is a big difference. $30/year subscription model.

https://www.simplifimoney.com/faq

Quote:
What is Simplifi?
Simplifi is a brand new personal finance app brought to you by Quicken, a trusted leader in financial management software for over 30 years! Simplifi's designed to help you easily stay on top of your finances and reach your financial goals with confidence!

Is this a new version of the Quicken mobile app?
No. Simplifi is an entirely new personal finance app designed for mobile and is available to use on IOS, Android, and web platforms.

The Quicken Mobile app is a companion app that offers mobile access to Quicken data for Quicken members and the Quicken Web app lets Quicken members access their Quicken data from any computer with an internet connection.

Is there a Simplifi web app?
Yes! You can access Simplifi on the web using any computer with an internet connection. The web app and mobile app offer all the same features, so you can stay on top of your finances from anywhere and the way you want to. ...
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Old 01-09-2021, 11:06 AM   #71
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It looks like a new product effort by Quicken focusing on mobile platforms and the web. No desktop version... so that is a big difference. $30/year subscription model.
Ahhhh, got it. Thank you. Will have to decide how I feel about no desktop.
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Old 01-09-2021, 11:26 AM   #72
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It looks like Simplifi is Quicken’s attempt to get into the mobile platform after ignoring it for many years. So far the reviews are mostly negative, stating it does not do nearly as much as the Quicken desktop software and it costs about the same.

I’ve been hoping that Quicken would someday port their app to IOS but Simplifi can’t even read your existing Quicken data so this is not the right solution.
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Old 01-09-2021, 11:30 AM   #73
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Since I'm not a Quicken user, I don't know how it compares to the full version. Just thought a Quicken user here might have some knowledge about this 'Simplifi' version because I'm thinking about moving from Mint to Quicken.
It's been around for at least a few months. I looked at it a little bit over the summer, but didn't pay for it. It's more of a competitor to YNAB and maybe Mint than Quicken. It's mainly focused on spending and budgeting with some light weight investment tracking. There doesn't seem to be much reporting and no tax planning or retirement planning, and I don't think you can export your data to a spreadsheet for deeper analysis. Wirecutter really likes them though: https://www.nytimes.com/wirecutter/r...pps-and-tools/

If the choice is between Mint and Simplifi, then you either go with Mint and deal with the ads and the fact that your data is being sold everywhere; or you go with Simplifi or YNAB and pay for the privacy. If you want more robust investing, planning (including multiple what-if budgets) and reporting, go with Quicken.
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Old 01-09-2021, 11:34 AM   #74
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Iíve been hoping that Quicken would someday port their app to IOS ...
Quicken has had an iOS app for years. https://apps.apple.com/us/app/quicken/id701067522
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