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Quicken

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Quicken is a personal finance management tool developed by Quicken Inc formerly part of Intuit, Inc On March 3, 2016, Intuit announced plans to sell Quicken to HIG Capital Terms of the sale were not disclosed1

Different and incompatible versions of Quicken run on Windows and Macintosh systems Previous versions ran on DOS2 There are several versions of Quicken for Windows, including Quicken Starter, Quicken Deluxe, Quicken Rental Property Manager, Quicken Premier, and Quicken Home & Business, as well as Quicken for Mac3 Since 2008, each version has tended to have the release year in the product name eg, Quicken Basic 2008; before then, versions were numbered eg, Quicken 8 for DOS

Quicken's major marketplace is North America, and most of the software sold is specialized for the United States and Canadian marketplace and user base But the core functions can often be used more widely, regardless of country; and versions have been tailored for a variety of marketplaces, including Australia, Germany, Hong Kong, India, New Zealand, the Philippines, and Singapore4 Development of the UK-specific version of Quicken was stopped in January 2005, with sales and support ending shortly afterwards There were also versions for Argentina, Brazil, Chile, Colombia, Costa Rica, Denmark, Ecuador, France, Mexico, the Netherlands, Spain, Sweden, Switzerland, Uruguay, and Venezuela4

Contents

  • 1 Related products
  • 2 Software as a service
  • 3 Editions
    • 31 Current
      • 311 Selling
      • 312 Supported
    • 32 Retired
  • 4 Criticism
  • 5 History of Quicken and the absence of a common cross-platform file format
  • 6 See also
  • 7 References
  • 8 External links

Related productsedit

The Quicken brand has been extended to other personal and household areas, including healthcare Quicken Health Expense Tracker is a free online tool for healthcare consumers enrolled in participating health plans Users can "manage and direct their health care finances, view and organize medical expenses, payments and service histories, and download and organize personal health claims data"5 The Quicken Medical Expense Manager is a desktop software tool for managing healthcare paperwork, tracking claims and payments, and consolidating related information

Quicken Kids & Money was a Web-based program that aimed to help parents teach five- to eight-year-old children how to earn, spend, save, and share money It is defunct6

Other products are aimed at home business and seem to fit in a space for a less formal business than would be using QuickBooks Quicken Rental Property Manager is a desktop software tool for managing rental properties; tracking tenants, expenses, and payments; and producing tax reports

Software as a serviceedit

Quicken Online was a free, hosted solution see software as a service by Intuit Intuit hosted all of the user's data, and provided patches and regularly upgraded the software automatically Initially this was launched as a monthly paid subscription, and was a free service for over a year During the year that it was free, it acquired over 15 million customers7

Intuit completed the acquisition of competitor Mintcom on November 2, 20098 Quicken Online was discontinued on August 29, 2010, and users were encouraged to transition to Mintcom

Editionsedit

The following are current selling and supported and retired discontinued in both sales and support versions of Quicken

Currentedit

Sellingedit

  • Quicken 2017 for Mac9
  • Quicken Starter Edition, Deluxe, Premier 2017 for Windows10

Supportededit

  • Starter, Deluxe, Premier, Home & Business, Rental Property Manager 2016 expire April 30, 2019
  • Starter, Deluxe, Premier, Home & Business, Rental Property Manager 2015 expire April 30, 2018
  • Starter, Deluxe, Premier, Home & Business, Rental Property Manager 2014 expire April 30, 2017
  • Quicken 2016 for Mac
  • Quicken 2015 for Mac
  • Quicken Mac 2007 OS X Lion compatible

Retirededit

Quicken 8 for DOS

Dates retired are shown 11

  • Starter, Deluxe, Premier, Home & Business, Rental Property Manager 2013 - April 30, 2016
  • Starter, Deluxe, Premier, Home & Business, Rental Property Manager 2012 - April 30, 2015
  • Starter, Deluxe, Premier, Home & Business Edition 2011 - April 30, 2014
  • Starter, Deluxe, Premier, Home & Business, Rental Property Manager 2010 - April 30, 2013
  • Starter, Deluxe, Premier, Home & Business 2009 - April 30, 2012
  • Basic, Deluxe, Premier, Home & Business 2008 - April 27, 2011
  • Basic, Deluxe, Premier, Home & Business 2007 - April 30, 2010
  • 2006 Win – April 30, 2009
  • 2005 Win – April 30, 2008
  • 2004 – April 30, 2007
  • 2003 – April 25, 2006
  • 2002 – April 19, 2005
  • 2001 – April 19, 2005
  • 2000 – May 18, 2004
  • 98 and 99 – April 20, 2004
  • Version 6 for Windows "Designed for Windows 95 Release 60 c 1996"
  • Version 3 for Windows 31
  • Quicken Essentials for Mac - April 30, 2015
  • Quicken for Mac 2007 - retired April 2012
  • Quicken for Mac 2006
  • Quicken for Mac 2005 - retired April 30, 2015

Criticismedit

Quicken contains a sunset provision that stops online features and any QFX formatted files from working after a certain amount of time,1213 requiring users to first buy a new Quicken license, and then to learn a new, often different interface from the more recent Quicken version

Intuit stopped supporting its Quicken software in the United Kingdom in 2005, leaving many thousands of users with only partly functional software14

In 2008 and 2009, Quicken users reported an unusually large number of software bugs for a commercial product151617 A review of Quicken 2010 suggests that quality and user interface in that product year is dramatically improved18

Existing Quicken Online users' data is not transferable/importable into Mintcom This is in direct contrast to VP Aaron Patzer's promise, made on April 27, 2010: "Until the merger with Mintcom is complete, you can continue to use Quicken Online just like you have Once we have completed integrating all features to Mint, you will be able to easily transfer your information and data to ensure the smoothest transition possible"19

Quicken for the Mac lacks some of the features of the Windows version2021 Furthermore, to migrate to Lion, users must pay $15 for an updated version of Quicken 2007; it has no new features22 The only way to obtain this version now is to contact Intuit Support directly via live chat23

Many features of Quicken 2007 for Lion do not work eg stock split transactions in investment accounts, and Intuit's support is limited Intuit continue to release updates to maintain and address online connectivity issues for their Stock Quotes/Pricing download and Billpay features2425 There is no common, inter-operable file format used between Windows and Mac see History below

History of Quicken and the absence of a common cross-platform file formatedit

Quicken uses a database file structure Since Quicken started on MS-DOS and the Apple II back in 1983 before the Macintosh appeared in 1984, the database structure of choicewhich did not exist for the Macintosh, nor has there really been a good common database structure developed that was cross-platform compatible created in the early days So, when Mac development started, it had to take an independent path, and the DOS version transitioned onto Windows

Then when Mac OS X came out in 1999 server and 2001 desktop, a new platform emerged Apple developed backward compatibility for OS 9 and predecessors, so Quicken for Mac development continued in an older platform database structure PowerPC based Apple continued to support PowerPC-based apps via Rosetta onto their Intel-based Macs in Aug 2009 via Mac OS X 106 Rosetta was a temporary measure to support the eventual transition to Intel-Only based Macs achieved in March 2011 with the release of OS X 107 Lion

In 2009, faced with the eventual retirement of the PowerPC, it was deemed that the structure for Quicken for Mac 2007 was not suited for the direction of the Mac intel and OS Xcitation needed Though they got Quicken for Mac 2007 to run on Intel in 2012,26 Intuit decided to start from scratch and Quicken Essentials for Mac QEM was created in 201027 Quicken 2015 for Mac, released in August 2014, and later versions for Mac are built on the Quicken Essentials for Mac foundation

See alsoedit

  • Comparison of accounting software

Referencesedit

  1. ^ John Rebeiro March 3, 2016 "Intuit selling Quicken to private equity firm HIG Capital" pcworldcom IDG Consumer & SMB Retrieved March 4, 2016 
  2. ^ "Quicken for DOS" Intuit, Inc Archived from the original on 2011-07-17 
  3. ^ "All Quicken Products" Intuit 
  4. ^ a b "International Versions of Quicken" Intuit 2011-06-20 
  5. ^ An April 2007 article in the San Jose Business Journal
  6. ^ "Quicken Kids & Money Help" Intuit Inc Archived from the original on February 6, 2009 
  7. ^ "How Mint Grew to 15 Million Users and Sold for $170 Million in Just 2 Years" blogkissmetricscom 
  8. ^ "Intuit Press Release - Intuit Completes Acquisition of Mintcom" aboutintuitcom 
  9. ^ "Quicken for Mac 2017" Intuit Retrieved 2016-12-09 
  10. ^ "Choose the right Quicken for you" Quicken Intuit Retrieved 2015-11-19 
  11. ^ "Quicken Discontinuation Policy" Intuit 2016-04-29 Retrieved 2016-07-07 
  12. ^ Musgrove, Mike 2005-02-06 "'Sunset Policy' Stymies Loyal Quicken Users" Washington Post Retrieved 2007-06-13 
  13. ^ "Retirement of online services for older versions of Quicken" Intuit/Quicken Retrieved 2007-06-13 
  14. ^ Oates, John 2005-01-17 "Intuit UK kills Quicken and TaxCalc" The Register Retrieved 2009-04-06 
  15. ^ nathanau 2008-01-27 "Quicken Community - Quicken 2008 Bug List" Quicken Community Archived from the original on 2009-02-09 Retrieved 2017-01-17 
  16. ^ thecreator 2008-08-28 "Quicken Community - Quicken 2009 Bug List" Quicken Community Archived from the original on 2009-04-08 Retrieved 2017-01-17 
  17. ^ Elmblad, Shelley 2009-01-14 "The Best and Worst Features in Quicken" Aboutcom Archived from the original on 2009-02-06 Retrieved 2017-01-17 
  18. ^ Arar, Yardena 2009-10-29 "Intuit Quicken Premier 2010" Quicken Premier Retrieved 2010-01-16 
  19. ^ "Quicken Support - Quicken Community" Intuit Retrieved 2016-07-07 
  20. ^ "Quicken 2016 for Mac Comparison Chart" Intuit Retrieved 2015-11-19 
  21. ^ "Quicken 2015 for Mac Release Notes" Intuit 2016-05-13 Retrieved 2016-07-07 
  22. ^ Caldwell, Serenity 2012-03-08 "Quicken 2007 and Lion will play nice for $15" Macworld Retrieved 2016-07-07 
  23. ^ Intuitdead link
  24. ^ "Lion Compatible Quicken Mac 2007 Release Notes" Intuit 2016-06-13 Retrieved 2016-07-07 
  25. ^ "Quicken 2007 162 freezes, stock quotes updates" Intuit 2007-02-16 Retrieved 2016-07-07 
  26. ^ "Intuit releases Lion-compatible Quicken 2007" CNET 2012-03-08 Retrieved 2016-07-07 
  27. ^ Snell, Jason 2010-02-24 "After delays and criticism, Intuit releases Quicken Essentials for Mac" Macworld Retrieved 2016-07-07 

External linksedit

  • Official website

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