Quicken for Mac 2018 v5.8.0 Released

Quicken Marcus

jlgg said:

I have been trying to use Quicken off-line. With no internet connection, when I try to launch Quicken, I get this dialogue box. The options in the box to "I'll Check It Later" "Update Now" "Report errors" etc are all non-responsive. The only action I can take is to force quit Quicken.  Obviously, I do not expect to download transactions while off-line, but I do expect to be able to view and edit data manually in those instances I do not have access to internet.  This has never been a problem before this latest update.

There are a number of issues here but the main one where this is popping up if you are offline is unintentional and a bug.  We've already fixed in 5.8.1 which we'll be rolling out in a week or so before the end of September.

Quicken Marcus

John Morrow said:

There is a bug with loans.

During the migration from QM 5.6 to 5.7, QM has reset the duration of two of my loans to 30 months. Initially, the duration was 168 and 88 months (not a multiple of 12 months as you can notice, if this has any influence). A third loan which had a duration of 3 years did not have its duration reduced to 30 months. 

Every backup that I opened with QM 5.7.2 exhibited the issue. This includes 6 months old backups.

As a result, July, August and Scheduled transactions all have an incorrect capital split amount (but the total amount is correct though):



This is to be compared with the correct transaction for July:


Changing the duration of the loans back to 168 and 88 months fixes the issue. But the duration should not have been changed by QM in the first place.

I have initially posted this in the 5.7 thread.

Thanks.  We're investigating.

Unknown

John Morrow said:

It is normal the same category is sometimes displayed as Long names and sometimes as Short names, in the same account, even though Preferences have not been changed in the mean time?

Here is what the category looks like for the 2 adjacent categories in non-edit mode:


When I edit one of them, the Short name is displayed:


But when I edit the next one, the Long name is displayed instead:

Hello, my name is Jessica, I am 25 now and will be finishing school now..

Couple questions about student loans and credit.

So, do they affect the credit score?

I don't have any job right now, and I am constantly looking, how much time will I have to start paying them off?

I will have around $40,000 total of debt and just want to see how it will affect my credit because I plan on buying a home in the next 3 years.

Do student loans will hurt my credit?

Will I need to hire a a credit repair company so I have a score of 700 at least?

Lets say I find a job at 80k, how much should I pay them off?

Not sure what the interest is.

Anyway, thanks! and I hope I am in the right category!"

Don Awalt

Is Quicken for Mac any closer to doing a meaningful file conversion from the Windows version? I have 12 years or so of data and I don't want to lose all the transactions, and there are what, thousands of errors when attempting to convert a Quicken 2018 Windows file to Mac. It's great it puts placeholders in to attempt to alleviate the issues, but balances are still way wrong and way too many transactions are errors and lost! Can't you please work on this so I can move off the Windows version and on to Mac? Please????

Unknown

Any chance of getting Savings Goals added to Quicken for Mac?  This feature is the only reason I still even own a Windows computer.  PLEASE add to Quicken for Mac! 

jacobs

Don Awalt said:

Is Quicken for Mac any closer to doing a meaningful file conversion from the Windows version? I have 12 years or so of data and I don't want to lose all the transactions, and there are what, thousands of errors when attempting to convert a Quicken 2018 Windows file to Mac. It's great it puts placeholders in to attempt to alleviate the issues, but balances are still way wrong and way too many transactions are errors and lost! Can't you please work on this so I can move off the Windows version and on to Mac? Please????

Don, the import from Windows to Mac has been considered mostly complete* and solid for quite awhile now, and lots of Windows users have successfully made the conversion. (*One notable exception is attachments don’t transfer, and of course features which don’t yet exist in the Mac version, such as lifetime planners, don’t import.) I suggest you create a New question thread about your conversion difficulties, to dig in a little deeper. The conversion log is pretty detailed and often offers a good explanation about anything going wrong in the transfer of data, and some of your fellow users here can often help in deciphering that information and explaining how to proceed. And if there is some legitimate bug uncovered, it provides a path forward to try to get the Quicken developers to address. Just asking them to “fix it” without more details is not going to get a response or action.

Don Awalt

Don Awalt said:

Is Quicken for Mac any closer to doing a meaningful file conversion from the Windows version? I have 12 years or so of data and I don't want to lose all the transactions, and there are what, thousands of errors when attempting to convert a Quicken 2018 Windows file to Mac. It's great it puts placeholders in to attempt to alleviate the issues, but balances are still way wrong and way too many transactions are errors and lost! Can't you please work on this so I can move off the Windows version and on to Mac? Please????

Thanks Jacobs for the reply. I wrote a detailed post on my conversion process 5 months ago here, and if you look at it, it was closed by a Quicken employee saying the process is not clean. You will see this was her recommendation:

I would describe the Mac and Windows platforms as being different, unfortunately the conversion process isn't going to be smooth. I would recommend adding a balance adjustment to the accounts that are incorrect or starting over from the beginning of the year versus going through the entire file and trying to correct the discrepancies.

The only specific I got was that BuyX and SellX transfers don't convert - has that been fixed? I have a ton of those over the years. Note my file did Validate and Super Validate with no errors. Also, someone mentioned a list of things "not converted". Has that been kept current, I never found it?

If the conversion process is in fact working well for people with 10+ years of Windows data, I would be happy to try again. However, I have not seen that, I have seen people that got thru it by adding shares or adjusting balances somehow, moving on with transactions lost forever. Can you point me to a thread that shows this successfully being done and transactions not lost?

I am not trying to be contrary, but I have been watching release notes very carefully, and I have not seen any evidence of work being done on conversion - hence my request it be considered. If this is not the case and work has been done and it's closer to working well, please let me know. 

jacobs

Don Awalt said:

Is Quicken for Mac any closer to doing a meaningful file conversion from the Windows version? I have 12 years or so of data and I don't want to lose all the transactions, and there are what, thousands of errors when attempting to convert a Quicken 2018 Windows file to Mac. It's great it puts placeholders in to attempt to alleviate the issues, but balances are still way wrong and way too many transactions are errors and lost! Can't you please work on this so I can move off the Windows version and on to Mac? Please????

Don, thanks; the link to your previous post adds the context which was missing from your post above. If the hope is to catch the eye of Mac product manager Marcus here, specific details are helpful/necessary. It sounds like your main problem was that the BuyX/SellX/DivX transactions didn't import correctly, because they aren't supported in the Mac version.

I'm not (and have never been) a Quicken Windows user, so I haven't followed these issues closely. From what I've read, it always seemed like these combination transactions could be changed into two transactions in the import to the Mac version, but I don't know why that wasn't done in the converter. I don't think I recall seeing any changes in this area in the releases this year; a QWin user might have kept closer tabs on this.

Marcus, if you're reading this thread: has there been any progress, or is it on your development roadmap, to deal with BuyX/SellX/DivX transactions in converting from Windows?

Some things in the old FAQ a user posted about converting from Windows is definitely out of date. For instance, the Mac version now allows selling specific lots of securities, where it previously supported only LIFO or FIFO. (But I don't know how the Win>Mac converters handles sales of specific lots.) Currency conversion is now supported much better in the Mac version. Performance reporting is now available (at least to some degree) in the Mac version.

If you look at your mutual fund accounts that had the problems converting accurately, can you assess how many of those 'X' transactions you have? Is it a few dozen, or hundreds or thousands? If it's not an overwhelming number, you might consider making the change to two separate transactions (the Buy or Sell, and the transfer), carefully making sure your share and cash balances stay the same after each time your replace one of the "X" transactions. that might allow you to have a significantly successful conversion from Windows to Mac. (It's not unlikely that you may have to do a little cleanup for things like a fractional share remaining in a security you sold, but these are generally not overwhelming/unsolvable one-time cleanup problems.)

jacobs

Miss E said:

Any chance of getting Savings Goals added to Quicken for Mac?  This feature is the only reason I still even own a Windows computer.  PLEASE add to Quicken for Mac! 

Miss E, this functionality doesn't exist in the Mac version yet, but I'd encourage you to visit this Idea post requesting this functionality, and click the blue Vote button at the upper right. The more users who vote for this request, the more likely it is to move up the developers' list of features to tackle.

smayer97

Don Awalt said:

Is Quicken for Mac any closer to doing a meaningful file conversion from the Windows version? I have 12 years or so of data and I don't want to lose all the transactions, and there are what, thousands of errors when attempting to convert a Quicken 2018 Windows file to Mac. It's great it puts placeholders in to attempt to alleviate the issues, but balances are still way wrong and way too many transactions are errors and lost! Can't you please work on this so I can move off the Windows version and on to Mac? Please????

 Currency conversion is now supported much better in the Mac version. Performance reporting is now available (at least to some degree) in the Mac version.

Nope.... Mac does support a crude currency conversion as a one time record BUT it still does not handle converting QWin currency conversions as part of the migration. And performance reporting, though improved, falls short of what QWin can do, so users have to check if what they need is present in QMac.

And of course, BuyX and SellX transfers STILL don't convert. The only work-around is to manually remove these before the migration but this can be a daunting task if a user has too many.

smayer97

Miss E said:

Any chance of getting Savings Goals added to Quicken for Mac?  This feature is the only reason I still even own a Windows computer.  PLEASE add to Quicken for Mac! 

Meanwhile, that idea will eventually be added to the List of Requests for New Capabilities. Click on the underlined link, then click FOLLOW at the top of the page so you can be notified of any new related IDEAS to which you could add your vote when they are added. Your VOTES matter!

(If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)

Don Awalt

Don Awalt said:

Is Quicken for Mac any closer to doing a meaningful file conversion from the Windows version? I have 12 years or so of data and I don't want to lose all the transactions, and there are what, thousands of errors when attempting to convert a Quicken 2018 Windows file to Mac. It's great it puts placeholders in to attempt to alleviate the issues, but balances are still way wrong and way too many transactions are errors and lost! Can't you please work on this so I can move off the Windows version and on to Mac? Please????

Thank you for the reply @smayer97, and for raising some other point blocking error-free data migration. So I would like to revise my question, if Quicken is truly serious about the Mac version of Quicken long term, and it appears they are as they have done a lot of work on it last year, can a list be developed of differences between QWin and Mac that hinder proper data migration, and that list be published and implemented over time? Why else would Quicken offer both versions regularly as part of their subscription service? Thanks!

Bruce Bishop

Help!  The results of allowing my Quicken 2018 to update with this new release are dire!!  I lost half of the entries in most my accounts (credit and savings).  I had to reconnect all of my accounts to get downloads (which is okay); however, there are 4 accounts that will not update beyond April of 2017.  These accounts were all up to date prior to this new release.
Every time Quicken does a release I have to spend hours redoing most of my data... this is totally ridiculous now that it's not updating my accounts.
What's the deal??

smayer97

Don Awalt said:

Is Quicken for Mac any closer to doing a meaningful file conversion from the Windows version? I have 12 years or so of data and I don't want to lose all the transactions, and there are what, thousands of errors when attempting to convert a Quicken 2018 Windows file to Mac. It's great it puts placeholders in to attempt to alleviate the issues, but balances are still way wrong and way too many transactions are errors and lost! Can't you please work on this so I can move off the Windows version and on to Mac? Please????

And BTW, that list is NOT maintained by anyone at Quicken...but I do my best to highlight all that I come across that affect both QWin and QM2007 migrators.  ;-)

Snoopy FC

Don Awalt said:

Is Quicken for Mac any closer to doing a meaningful file conversion from the Windows version? I have 12 years or so of data and I don't want to lose all the transactions, and there are what, thousands of errors when attempting to convert a Quicken 2018 Windows file to Mac. It's great it puts placeholders in to attempt to alleviate the issues, but balances are still way wrong and way too many transactions are errors and lost! Can't you please work on this so I can move off the Windows version and on to Mac? Please????

Smayer, you've done an awesome and immense job putting this altogether.  Look forward to seeing things implemented.  Thank you!

Quicken_Tyka

Bruce Bishop said:

Help!  The results of allowing my Quicken 2018 to update with this new release are dire!!  I lost half of the entries in most my accounts (credit and savings).  I had to reconnect all of my accounts to get downloads (which is okay); however, there are 4 accounts that will not update beyond April of 2017.  These accounts were all up to date prior to this new release.
Every time Quicken does a release I have to spend hours redoing most of my data... this is totally ridiculous now that it's not updating my accounts.
What's the deal??

Creating a new post to bring attention to the issue


Please reference the new conversation here: Unable to download transactions after updating

Unknown

John Morrow said:

QFX file can no longer be imported (File/Import/Bank or Brokerage File (OFX, QFX)).

I just noticed this, but I believe this appeared a few days ago with 5.8. Could this be related to the Cloud dialog that appears on launch?

This is a showstopper for me. How can I go back to 5.7.2 until a fix is available?

I have the exact same problem, but I don't get the "Cloud account not found" dialog. I don't' know if I have a Cloud account.

JoeyMaggard

 In the Home tab under Bill & Income Reminders, clicking on one of the reminders used to open a second window for the account with the transaction highlighted. This no longer works for Credit Card accounts. Only cash and savings accounts now.

lhossus

JoeyMaggard said:

 In the Home tab under Bill & Income Reminders, clicking on one of the reminders used to open a second window for the account with the transaction highlighted. This no longer works for Credit Card accounts. Only cash and savings accounts now.

> In the Home tab, under the Bill & Income Reminders ...

I can confirm that clicking on a reminder will open an account register window for only some of the reminders.

Out of 52 reminders scheduled in the next 30 days, only 11 opened an account register (10 Savings, one Credit Card). Reminders that fail to open an account register window are associated with Cash, Savings, and Credit Card types.

Quicken Premier 2018 v5.8.0. macOS 10.12.6

Unknown

John Morrow said:

QFX file can no longer be imported (File/Import/Bank or Brokerage File (OFX, QFX)).

I just noticed this, but I believe this appeared a few days ago with 5.8. Could this be related to the Cloud dialog that appears on launch?

This is a showstopper for me. How can I go back to 5.7.2 until a fix is available?

THIS - right here, is why I am NOT BUYING the latest version of Quicken.  This is a prime example of a company that doesn't have a clue.  If I am not using the cloud, if I am not downloading transactions in any way, if I'm not syncing to mobile, etc., there is simply NO REASON for a cloud login, or to be prompted every time I open the software to provide one.  I do not use the cloud in any way for financial data and never will.  There's NO LEGITIMATE REASON for Quicken to be prompting me for a cloud account.  A cloud account is not required when importing a QFX file - and the fact that the software, and this company, thinks it is required is asinine and unjustifiable.   I have Quicken 2007 on my Mac and I will continue to use it as long as I can.  When I can't, if this problem still exists, I will go to a competitor's product - there are lots of free ones out there...

smayer97

John Morrow said:

QFX file can no longer be imported (File/Import/Bank or Brokerage File (OFX, QFX)).

I just noticed this, but I believe this appeared a few days ago with 5.8. Could this be related to the Cloud dialog that appears on launch?

This is a showstopper for me. How can I go back to 5.7.2 until a fix is available?

Though I agree with the general sentiment. you are wrong about one thing..."A cloud account is not required when importing a QFX file - and the fact that the software, and this company, thinks it is required is asinine and unjustifiable. "

In fact, when you are downloading a QFX file, where are you downloading it from? The cloud. And when loading that data into Quicken, Quicken validates that the FI/Bank you obtained the data from is registered, and hence supported by, Quicken, via the cloud. Like it or not, that is Quicken's business model. 

So, your assertion that you do not use the cloud when using Quicken is incorrect. 

If you had said you do not even load data from the cloud and enter all data manually, then you would be more correct.

P.S. Don't shoot the messenger  ;-)

(If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)

Unknown

John Morrow said:

QFX file can no longer be imported (File/Import/Bank or Brokerage File (OFX, QFX)).

I just noticed this, but I believe this appeared a few days ago with 5.8. Could this be related to the Cloud dialog that appears on launch?

This is a showstopper for me. How can I go back to 5.7.2 until a fix is available?

I can download a qfx file from my bank and store it on disk.  I can then import it into Quicken from the disk drive.  Quicken does not need to access the cloud, and does not need my cloud credentials.  Quicken does not need to validate anything.  It's worked that way in previous versions.  I stand by my position.

smayer97

John Morrow said:

QFX file can no longer be imported (File/Import/Bank or Brokerage File (OFX, QFX)).

I just noticed this, but I believe this appeared a few days ago with 5.8. Could this be related to the Cloud dialog that appears on launch?

This is a showstopper for me. How can I go back to 5.7.2 until a fix is available?

Easy test to prove it to yourself... after you download a QFX file, disconnect the internet. Then try to load it into Quicken... it will not... in any version of Quicken. I am still on QM2007 and it works the same way. Granted you do not need a cloud account with QM2007 but the data flow controls are changing. 

Just because the process is broken into 2 steps does not change the fact that you are using Quicken online services. So as long as you are using QFX, you are using these services, therefore, Quicken is free to regulate/control that, like it or not. 

Again, if you were NOT downloading data at all (which you are), then you will be subject to that. But I still agree that if a user only performs manually entry exclusively, Quicken should have no need for a cloud account.

(If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)

Unknown

John Morrow said:

QFX file can no longer be imported (File/Import/Bank or Brokerage File (OFX, QFX)).

I just noticed this, but I believe this appeared a few days ago with 5.8. Could this be related to the Cloud dialog that appears on launch?

This is a showstopper for me. How can I go back to 5.7.2 until a fix is available?

I said, "it worked that way in previous versions".  It did.  I know it did. I have evidence to prove it.  I never said it worked that way in Q2007.  The last time I used it, was in 1998, I think.  

Furthermore, QFX is just Quicken's version of OFX which is a STANDARD, that does NOT require access for importing (according to the standard).  Quicken has made it so and there really is no need for it.  Other software, including Apple Numbers, Gnucash, and Moneydance use OFX files.  I haven't tested all of them but they all say they support manual import of OFX files and there's no mention of a requirement for an Internet connection.

There's simply no justification for requiring Internet/Cloud access when importing QFX/OFX files.  All that really needs to be done is to check that you have the account in Quicken that the file has data for before importing it and you don't need an Internet connection to verify that.  Quicken is just making it that way because they are too lazy to code the software correctly.

Unknown

John Morrow said:

QFX file can no longer be imported (File/Import/Bank or Brokerage File (OFX, QFX)).

I just noticed this, but I believe this appeared a few days ago with 5.8. Could this be related to the Cloud dialog that appears on launch?

This is a showstopper for me. How can I go back to 5.7.2 until a fix is available?

Quicken is just making it that way because they are too lazy to code the software correctly.
.

That is a wrong statement, if anything it is exactly the opposite.  "Extra" code was put in to do this on purpose.

And you should be aware of the fact that it was Intuit that put this in place long ago, and it was certainly part of their business model.

I have no idea of what the current charges are, but back in the day it was stated that for a financial institution to be a "participating partner" they had to pay a service fee.  And it was said that was for Web Connect (QFX files) {but at a lesser price} and for Direct Connect.

So even if there wasn't technical reason for it, there certainly was business reason for it.  BTW note Microsoft didn't charge the financial institutions (from what I understand they didn't so they could break into the market), and MS Money has long been gone.  Most likely because their business model didn't make them enough money.


At any rate Quicken Inc still pays Intuit for "online services".  I can't be sure, but I certainly wouldn't be surprised if Quicken Inc has not control over this (it is in the contract that way).

smayer97

John Morrow said:

QFX file can no longer be imported (File/Import/Bank or Brokerage File (OFX, QFX)).

I just noticed this, but I believe this appeared a few days ago with 5.8. Could this be related to the Cloud dialog that appears on launch?

This is a showstopper for me. How can I go back to 5.7.2 until a fix is available?

Yes, this is a business decision, not a technical one.

Unknown

John Morrow said:

QFX file can no longer be imported (File/Import/Bank or Brokerage File (OFX, QFX)).

I just noticed this, but I believe this appeared a few days ago with 5.8. Could this be related to the Cloud dialog that appears on launch?

This is a showstopper for me. How can I go back to 5.7.2 until a fix is available?

It's a technical decision because they could fix the software so that it doesn't ask for the cloud credentials and other information unless you are actually using Cloud services and/or downloading data from a financial institution.  

However, in the final analysis, as long as they are making a "business" decision to do this, I can make a "business" decision not to pay for their software and to migrate instead to one of many other software packages that don't do this.

And now, I'm done with this discussion because it just isn't worth it to argue with people who have drunk the kool-aid.

jacobs

John Morrow said:

QFX file can no longer be imported (File/Import/Bank or Brokerage File (OFX, QFX)).

I just noticed this, but I believe this appeared a few days ago with 5.8. Could this be related to the Cloud dialog that appears on launch?

This is a showstopper for me. How can I go back to 5.7.2 until a fix is available?

It actually is a business decision, because Quicken would be in the position of supporting users livid that data doesn't import correctly from their downloaded file into Quicken, and without a business relationship with each bank, they'd have no formal path to get problems resolved.

And yes, absolutely, if you can find other software that meets your needs better than Quicken, that's the right route to go. Most of the folks commenting here have their gripes with Quicken, but have determined that Quicken, warts and all, is the best program for their needs. That doesn't mean it's best for everyone; all of us use Quicken differently and for different purposes. 

Unknown

John Morrow said:

QFX file can no longer be imported (File/Import/Bank or Brokerage File (OFX, QFX)).

I just noticed this, but I believe this appeared a few days ago with 5.8. Could this be related to the Cloud dialog that appears on launch?

This is a showstopper for me. How can I go back to 5.7.2 until a fix is available?

A cloud account is not required when importing a QFX file.

@smayer97, Paul is right, literally. A [Quicken] could account [was] not required when importing a QFX file [until QM 5.8.0]. I've done it for years.

I'm not saying QM was not phoning home. But I willingly and vehemently did not want a Cloud account, and I certainly did not want QM Cloud to beautify my data. I'm sure it does an excellent job at it, but for reasons of my own I prefer my data verbatim.

Now, probably, this issue is moot, because as Marcus said elsewhere, 5.8.1 will be going back to the original behavior; at least so I hope. I'd be sad to have to leave a platform that I have invested in so heavily over the past few months.

Unknown

John Morrow said:

QFX file can no longer be imported (File/Import/Bank or Brokerage File (OFX, QFX)).

I just noticed this, but I believe this appeared a few days ago with 5.8. Could this be related to the Cloud dialog that appears on launch?

This is a showstopper for me. How can I go back to 5.7.2 until a fix is available?

A cloud account is not required when importing a QFX file.

@smayer97, Paul is right, literally. A [Quicken] could account [was] not required when importing a QFX file [until QM 5.8.0]. I've done it for years.

I'm not saying QM was not phoning home. But I willingly and vehemently did not want a Cloud account, and I certainly did not want QM Cloud to beautify my data. I'm sure it does an excellent job at it, but for reasons of my own I prefer my data verbatim.

Now, probably, this issue is moot, because as Marcus said elsewhere, 5.8.1 will be going back to the original behavior; at least so I hope. I'd be sad to have to leave a platform that I have invested in so heavily over the past few months.