Add capability to enter stock options / restricted stock grants in Quicken Mac (63 Legacy Votes)
Comments
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For what it's worth, I think the core needs can be met without doing a "full" implementation that you see in QWin. Those core needs are:
- Support entry of the basic ESOP transaction types (e.g. Grant, Vest, Exercise, Expire and possibly Stock Splits)
- Ensure that account valuation is accurate (i.e. current value for the account is based on current stock price and vesting schedule)
- A basic report or two showing vested and unvested value
- QWin —> Mac converter support so ESOP transactions in a QWin file transfer over to QMac
Having a dialog box / workflow that walks you through the details of creating the ESOP transaction is certainly helpful, but not absolutely required. It can come later. The MVP is simply being able to create the transactions in the register and have them show value properly. Richer reporting can come later as well.
My core observation is that, without being able to enter the transactions, there really isn't any way to work around not having the feature, which means that QMac can't be used to show a true Net Worth for anyone with an ESOP. (Also, it's worth nothing that RSUs can be tracked simply as Options with a $0 strike price — so there's no inherent need to differentiate between ISOs/NQs and RSUs.)
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Stil no updates on a much needed feature for Quicken Mac
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Can we get this functionality added please?
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Lot of us migrating to Quicken for Mac - as many have previously requested - really need ESOG, RSU wizard or the like please.
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This option needs to be added to the Mac version. It has been available in the Windows version for years.
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This feature really needs to be added. Not sure why a feature with simple math continues to be excluded.
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For those using QMac, I have a suggestion for a workaround that is working for my purposes. I have set up a seperate brokerage account (not linked), and set the account settings to keep the account separate (so we to not inflate net wealth). Then, in that account I do the following:
- Add entry as "Add Shares"
- Put "Date added to this account" as the grant date
- Put "Date Acquired" as the vesting date (which is a future date)
- Add security, cost = 0, and number of shares
- In the memo, I format this as "[year]-[month]-[day] Grant: [grant #]", with the date details being the same as the vesting date
- In the tag, I add RSU or PSU, etc. for correct designation / grant type
You can then easily duplicate the record for multiple vestings under a grant, updating the vesting date detail and quantity of shares for that vesting as needed.
Then, in the register, make visible the Memo/Notes, Security, Shares and Tag. With this, you can sort by Memo/Notes (which will put the records in order of vesting dates), and the total prospective value is made available and updated as normal.
When the shares actually vest, I delete them in the above account when added to the actual brokerage account. It works; it could be more efficient with actual functionality on point.
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Please add this. I'm a new user as of today, I put in all my accounts, set everything up and then went to add my employee stock plan just to realize I couldn't. This is a large part of my net-worth and financial planning. It's hard for me to justify paying for a tool that doesn't support it. This is a very common form of supplemental compensation and there is no reason it should not be supported. Ideally this would simply import from Carta (eshares). Here are the important functions to me:
I need the ability to track multiple ISO at different strike prices with monthly vesting schedules as well as cliffs followed by monthly vest.
The ability to input both a fair market value as well as an estimated current resale value. It is important to have both of these. The FMV matters for tax purposes, but the estimated resale value matters because for planning private stock sales.
The ability to track RSUs as well for the same shares and ideally something that adjusts the value of those RSUs to reflect the taxation that occurs at an IPO or other liquidation event.
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Have been asking for this Windows version capability since 2014. Why is this so difficult to port over Employee Stock Option function? Make it hard to recommend this software peers without it.
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Upvoting this functionality for Mac users. Much needed!
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Just tried to vote and it won't let me. I agree this is an important feature to justify the price.
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Please add stock options… Just installed Quicken Classic, because I thought it could handle them. I was very disappointed to find out that they were only supported on Windows.
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Really disappointed that this is not available as a Mac feature. Not sure I'll continue this subscription if this isn't supported. Cannot come up with a proper P&L without it.
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please add this feature
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Urgent need to have the ability to track stock grants and vesting periods for employee stock programs.
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This option is already available in Quicken for Windows but for some reason they have never implemented it in Mac
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Hello @jgb2000,
Your idea has been merged into this already active Idea thread regarding the same request.
Thank you!
-Quicken Anja
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I will say it is a bit disappointing that this thread has been going for 8 years, and there is no response from Quicken on whether they plan to do anything about it. While I have a clunky workaround for it, it would be great to have the functionality added. I have to imagine a good portion of the Mac user base, as with the Windows user base, work for companies providing RSUs, PSs, SOs, etc. Unfortunately, not enough of those people are voicing the need so it seems to be understated as a requested enhancement.
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Unfortunately, not enough of those people are voicing the need so it seems to be understated as a requested enhancement.
Actually, this Idea thread now has 205 combined votes, which places in among the top-voted feature requests for Quicken Mac; I just did a quick skim of Idea categories, and I believe this one has the 7th highest total of votes among Idea threads which have not been implemented or rejected.
The developers don't proceed exactly in order of votes, but those votes do register with them over time. Two of the top 3 voted Ideas threads (multi-currency support and lifetime planner) are now marked Planned by the developers.
I will say it is a bit disappointing that this thread has been going for 8 years, and there is no response from Quicken on whether they plan to do anything about it.
One of the problems with Quicken's statuses for Ideas is that there's no step in-between "Under Consideration" and "Planned". Under Consideration happens when an Idea reaches a threshold number of votes (currently 30 for Quicken Mac), and the issue is sent to the developers for consideration. Planned means the developers agree with the concept, have researched what it will take to implement, and have assigned it appropriate time on their development schedule. What's missing, to me, is an in-between status after the developers have analyzed a feature request and determined how much time and which developers it would need to implement, and agree they want to tackle it, but don't yet have a firm time for it on their development calendar. I would guess this topic of stock options/RSUs probably falls into that in-between state; that is, I would guess the developers agree with the need for this functionality but they haven't yet been able to assign it to the designer and programmer(s) with time carved out to do the work. So users are left to wait and wonder/hope it will get on the schedule sooner than later, but with no clarity about when that might happen.
Quicken Mac Subscription • Quicken user since 19931 -
For some reason I am not able to vote for this. I have been trying workarounds and it is not great. Would also love this feature. Been a Quicken user since the 90s so please bring this to the Mac
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Quicken's initial release was in 1983. I became a user in 1984 and have seen all the great progress and ups and downs since then. I am still using it and love it in general. My literal entire financial life is in Quicken.
When I graduated to Mac from Windows (yes…I definitely consider it a graduation), I figured I would get all the same great Quicken benefits. Boy was I wrong at that time. However, Quicken has done an overall great job at improving the product, even if in fits and starts. For me, the only real feature that is lacking is the ability to track RSUs. When I was on Windows Quicken could not do this. However, that has long since been remedied in Windows. I did not realize the Mac developers were going to be so far behind in developing a most-requested and voted-for feature.
Obviously, there are a LOT of requests from users. But, if the most-voted for feature is still under consideration after all these years, dare we hope this issue will ever be rectified? It's a fairly significant missing feature. Is there ANYTHING at all users could do to help Quicken bring this to fruition? Given the cost to us Mac users is the same as for Window users, yet we get a far less feature-rich product, Mac users seem to be on the losing side of the equation here. I have the top-tier subscription because I thought I was going to get RSU support (how it was sold to me) and am considering downgrading because of this lack of support for RSUs. If paying more to get this feature doesn't do it, what other options are there?
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@kellyfrey said: If the most-voted for feature is still under consideration after all these years, dare we hope this issue will ever be rectified? It's a fairly significant missing feature.
@kellyfrey First, I agree with your statement: this is a significant missing feature.
As a minor point of correction, this is not the most-voted Quicken Mac Idea thread on the site, but it's in the Top 10. 😉 (From my quick review of Idea threads, it ranks #8 behind transaction downloads into separate quarantine register, full Multi-Currency functionality, Savings Goals, Lifetime Planner, more report formatting options (including subtotals), optional 2-line register view, and ability to set consistent columns and widths across all accounts.) But it really doesn't matter if it's the top-voted Idea; what matters is that it's one of the top-voted ideas.
The developers take the votes into consideration, but there are myriad other factors that go into their decisions about which features to tackle in which order. There are new features implemented which have many fewer votes, and some which aren't even topics users have submitted as feature requests. On the other hand, the developers clearly do listen to what users are requesting, because many of the features added over the years are ones which were high on the list of user requests.
It's just hard to understand how certain seemingly common-sense feature requests continually get passed over in favor of others. Why do we still not have a simple budget-versus actual report as of a prior month-end? Or a feature for preserving cost basis when corporate mergers/acquisitions/spin-offs occur? Or a Find/Replace or mass edit feature which doesn't omit split transactions? And stock options/RSU's is definitely one of the head-scratching omissions. You ask: "Is there ANYTHING at all users could do to help Quicken bring this to fruition?" Not much; all users can do is add votes to this Idea (go to page 1 of this thread) in the hope it will get the development team to move this up their priority list during one of their planning reviews. I truly expect this functionality will get added at some point; the problem is there's no way to know how long a wait it will be.
Last fall, the developers marked a number of Idea topics as "Planned" which revolve around "planning" topics — budget features, savings, retirement planning, tax planning, etc. So I think they decided that was their main theme for this year's development work (not that all new features fall into this bucket). I'm hopeful that the next big bucket they tackle is investment features, because there are many requests in this area, including stock options/RSU's, mergers/acquisitions/spin-offs, taxable retirement account withdrawals, robust custom and savable investment reports, graphic performance comparisons between securities, customizable asset classes, adjusted cost basis for capital gains, cash accounts within brokerage accounts, and more.
I have the top-tier subscription because I thought I was going to get RSU support (how it was sold to me) and am considering downgrading because of this lack of support for RSUs.
I don't know what you mean that this feature was sold to you. Quicken Mac has never had it, and no one — including most people at Quicken — don't know and can't tell when a particular feature may be added. The most information we have is the Idea topics which are marked "Planned" — which this one notably is not; for those marked "Planned", we get no clues as to whether a particular feature is coming in the next 2, 6, 12 or more in the future. So I don't who or what convinced you this was or would soon be a feature of Quicken Mac.
So yes, you could downgrade from Premier to Deluxe at this time and lose almost no functionality. However, I fully expect that in the future — and I think the near future — you'll start seeing some new features in the investing part of the program which require Premier, to become more consistent with the subscription levels for Quicken Windows.
Quicken Mac Subscription • Quicken user since 19930
