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Personal Accounting Software
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Dec 6, 2019 17:22:02   #
cochese
 
Curmudgeon wrote:
No, Quicken is not the only one, but it is kind of the 'Gold Standard' for home and small business accounting software. Fifty dollars is not excessive for the upgrade, a lot of work goes into reviewing the changes in laws and incorporating that info into the software. I know it's comparing apples and oranges but we pay $900+ a year to upgrade out Income Tax software.


so if you own the software you do not have to update it. It will not change how it currently functions. Same with photoshop. My version is very old and unsupported, but it works and does all I need it to do... Without paying a monthly ransom.

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Dec 6, 2019 18:59:47   #
Meadwilliam
 
I still use my old version from a few years ago. It works fine without an upgrade. I think you only lose the ability to down load data, which I don’t do anyway. I won’t pay for an unneeded upgrade.

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Dec 6, 2019 19:58:30   #
CaptainBobBrown
 
I keep a shadow Numbers ledger reconciled daily to my online banking accounts so everything is reconciled to the penny every morning. I also track investments and it's all in tabbed worksheets in the same file with automatic cross tabulations so everything is internally consistent and tracked by budget category.

Used to use Quicken but they kept adding useless features until it just became a nuisance to use. Of course, it did take me a couple of weeks initially to build the app and every year I need to copy tables with formulae to a new set of tables for the next year but that takes a half hour and is faster then trying to figure out what they've changed in Quicken. One could do the same thing in Excel if you're a Windows user.

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Dec 6, 2019 20:12:28   #
redlegfrog
 
CaptainBobBrown wrote:
I keep a shadow Numbers ledger reconciled daily to my online banking accounts so everything is reconciled to the penny every morning. I also track investments and it's all in tabbed worksheets in the same file with automatic cross tabulations so everything is internally consistent and tracked by budget category.

Used to use Quicken but they kept adding useless features until it just became a nuisance to use. Of course, it did take me a couple of weeks initially to build the app and every year I need to copy tables with formulae to a new set of tables for the next year but that takes a half hour and is faster then trying to figure out what they've changed in Quicken. One could do the same thing in Excel if you're a Windows user.
I keep a shadow Numbers ledger reconciled daily to... (show quote)


I'm not familiar with the term "shadow Numbers ledger" Could you help me out.
Thanks,

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Dec 6, 2019 20:16:42   #
David Martin Loc: Cary, NC
 
I switched from Quicken to Moneydance in 2011 and have been very satisfied.

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Dec 6, 2019 20:36:40   #
JoAnneK01 Loc: Lahaina, Hawaii
 
I still use Quicken 2003 for my personal accounts. But I also use Quickbooks 2015 on a dedicated computer for all business transactions. Both of them meet my business and personal needs.

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Dec 7, 2019 00:29:03   #
Bunko.T Loc: Western Australia.
 
bobforman wrote:
I always get good advice from this site so here's one more. I use Quicken 2019 for my personal finances. Now they're trying to nick me for another $50 per year for upgrades and updates. That's about what I paid for the original product at Costco. So, my question to my esteemed hoggers is: Is quicken the only source for these types of programs? Is there another program (like the demised MS Money) available? Or, is there a way around paying the ransom they seem to enjoy charging their customers.
I always get good advice from this site so here's ... (show quote)


I used Quicken from 1999– 2010 & found it very easy to use. Others I knew who used MYOB, I found it to be clumsy, quite labour intensive to get a result, compared to Quick Books.
I found the comparison between Picasa & PSE photo editing, similarly. Picasa was easy to learn & use, PSE I still haven’t learnt to use to its potential.
Labour intensive to get the result. I concede that PSE has more tricks but one needs to be a rocket scientist to work it out.

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Dec 7, 2019 02:21:00   #
Sam9987
 
It all depends upon what your accounting/tax needs are.

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Dec 7, 2019 10:40:55   #
AirWalter Loc: Tipp City, Ohio
 
bobforman wrote:
I always get good advice from this site so here's one more. I use Quicken 2019 for my personal finances. Now they're trying to nick me for another $50 per year for upgrades and updates. That's about what I paid for the original product at Costco. So, my question to my esteemed hoggers is: Is quicken the only source for these types of programs? Is there another program (like the demised MS Money) available? Or, is there a way around paying the ransom they seem to enjoy charging their customers.
I always get good advice from this site so here's ... (show quote)


Why do you have to pay more money at all after you bought it. I'm still using Quicken 2003 on a windows 7 system, and I never get bothered by Quicken!

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Dec 7, 2019 11:03:06   #
JeffR Loc: Rehoboth Beach, Delaware
 
AirWalter wrote:
Why do you have to pay more money at all after you bought it. I'm still using Quicken 2003 on a windows 7 system, and I never get bothered by Quicken!


It depends on the level of functionality you want. Without the subscription, you can't download transactions from your bank, brokerage and credit card accounts. You have to enter them manually.

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Dec 7, 2019 11:07:32   #
AirWalter Loc: Tipp City, Ohio
 
JeffR wrote:
It depends on the level of functionality you want. Without the subscription, you can't download transactions from your bank, brokerage and credit card accounts. You have to enter them manually.


That has never been a problem, and my account always matches the bank statement.



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Dec 7, 2019 11:18:22   #
JeffR Loc: Rehoboth Beach, Delaware
 
Angel Star Photography wrote:
Personally, I would pay the $50/year as Quicken is as someone else has said, "...the gold standard..." When you break it down, that's roughly only $4.17/month. Overall, it is rather inexpensive when you consider the product improvements that would gained not to mention the assurance that you have a quality product. Keep in mind, too, that as part of the ongoing upgrades and enhancements, Intuit will also be correcting any security issues that may be identified through the life of the product. Well worth the $50/year in my opinion.
Personally, I would pay the $50/year as Quicken is... (show quote)


Intuit used to own Quicken, but not anymore. Quicken is a separate company now. Intuit still owns TurboTax and QuickBooks. Otherwise, I agree with your statement, and agree that it's money well spent.

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