List of Obstacles and Hindrances for Migrating from QM2007 or QWin to Quicken for Mac
To be clear, obstacles defined here refer to situations that are a complete block to migrating to Quicken for Mac, whereas hindrances are limitations that have work-arounds, though they may be far from desirable or even practical.
Links to any request for a missing feature that is an obstacle or hindrance and has been posted as an IDEA have been captured here, so you can continue to add your vote to those requests to help increase their visibility to the developers.
(Unfortunately, if missing features are not posted or are posted as problems or questions in the forum, they are not captured here as their can be multiples and therefore harder to gather (maybe that will change).)
Obstacles from QM2007 - Show-stoppers preventing migration (due to severe loss of functionality or data with no suitable work-arounds):
(You can read about the overaching report design here: Request for Customizable Reporting Engine)
- Useful Category/Transaction Detail Report
- Columnar Summary report (with selectable choices for rows and columns)
- Tag report (just for tags)
- Investments Lot Management to track selling specific lots
- ability to handle Buy/Sell of investments and Transfer effectively
Unsure as to whether the following are show-stoppers or hindrances
- List of Requests Related to Features for Investments such as
- ability to enter stock options and restricted stock units grants
- ability to handle two types of IRA withdrawals
- investment stats?
Hindrances From QM2007 - not obstacles but definitely lead to data loss (therefore may still be a limitation to migration, even though some of which can be reconstructed):
- carry forward of memorized reports (assuming the report format exists (some still do not), this can be a lot of work to do manually (re-create and test) without this functionality, e.g. I have about 80 reports, another user posted they have about 150).
- carry over of budgets data (likewise)
- carry over of sub-classes (currently are converted to tags, not sub-tags; would require clean-up, which is not easily possible without the next feature)
- Improve Batch Editing to include changing Split transactions
- Track/store Prior Reconciled Statements/periods
- security price history
- loans data (it has been mentioned that work is being done on loan amortization, at least the functionality, but not sure about the data carry over)
Obstacles from QWin - show-stoppers on top of the ones listed for QM2007 (not including H&B and RPM)
- True multi-currency conversion support (for reports and investments)
- Carry Forward of Attachments from the Windows version
- lack of support for FI/Bank - not sure how much influence Quicken has here but demonstrating pent up demand may influence some FIs/banks to come on board
Hindrances From QWin - not obstacles but definitely lead to data loss (therefore may still be a limitation to migration, even though some of which can be reconstructed):
- list of payees address list
- ability to link accounts to brokerage accounts (to be able to handle the migration of BuyX, SellX, and RtnCapX transactions)
There are other losses of functionality that are not show-stoppers, which makes things more clumsy, but there are work-arounds; yet too many of these at the same time becomes frustrating and less efficient and slower to work with.
Other considerations - Being able to move data in and out of Quicken for Mac.
Though these are not obstacles to migrating to Quicken for Mac per se, they relate to to managing the risk factor of migrating to Quicken for Mac. Having the ability to move data out can give users a level of comfort and confidence that they are not locked in should something not work out after a period of usage. For these, consider the following:
- Add Ability to Select Content of QXF File for Export in Quicken for Mac
- Fixing Import Functionality of QXF File into Quicken for Windows from Quicken for Mac
If an incentive is required to focus on addressing these needs, Quicken should consider the untapped revenue that can help fund this effort:
- one time new revenue from QWin migrators
- ongoing new revenue from QM2007 migrators entering new upgrade cycles
- ongoing new license and support revenue from FIs/Banks for Mac support (from my limited understanding on Quicken licensing and support)
The hope is that, regardless of votes these feature requests/IDEAS garner in this forum or elsewhere, the need to address these requests and the benefit to Quicken will be recognized.
If you have not already voted on the above requests, be sure to click on the each link above to go there, then click VOTE at the top of THAT page, so your vote will count for THAT feature and increase its visibility to the developers.
If you find this post helpful, please be sure to click "VOTE" above to promote this post and therefore its visibility to other users (to encourage them to vote) and to the developers.
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(Canadian user since '92, STILL using QM2007)