Moving to subscription with multiple quicken files

Rick2022

Currently using Quicken 2017. I have a Quicken File and my daughter has a Quicken file. Since the 2017 version will be discontinued in April, I'm looking at moving to the subscription model. From what I've read, both new files would use the same Quicken ID. Does this mean, she would have access to my accounts and I hers? She currently has her own Quicken ID since that is what was required for each file/user in a household.

Would her data file update correctly when she signs in with my Quicken ID/Password since I'd be the subscription holder? Neither of us use the mobile app.

I need to know all of the pitfalls before I make this change.

smayer97

Though it sounds like it won't impact you, here info to be aware that there are caveats to using the same Quicken ID.

• Since there is only one Quicken ID per Quicken Account, only one credit score, Zillow score, and other data are available via the Quicken Cloud.
• Only one e-mail or phone number can be used for Multi-factor authentication in order to login to Quicken.
• Anyone with access to the Quicken ID has access to any/all your personal info that is available via My Account on Quicken.com, where they could update the password, billing information, etc.
• Any data file with the same Quicken ID can access any cloud data from any other data file tied to the Quicken ID (relevant for mobile sync and EWC aggregation). (It is unclear whether having a file password could prevent that.)

In short, if there are multiple users involved in sharing the same Quicken ID (typical in the same household) be mindful with whom you are sharing your Quicken ID and password.

Greg_the_Geek

The accounts in Quicken aren't tied to your Quicken ID as long as you're not syncing to the Quicken Cloud. I would set a different password on each data file.

Rick2022

OK, what do you mean set a different password on each data file? Are you referring to the password to open Quicken itself? We do not store data in the cloud but do download data for some accounts linked to banks, etc.

So, for her file to work, she would need to use my Quicken ID and password - correct? And stop using her Quicken ID.

Greg_the_Geek

Yes, you both would need to use the same Quicken ID/Password. 

Adding, Changing or Removing a Data File Password in Quicken for Mac

smayer97

Though it sounds like it won't impact you, here info to be aware that there are caveats to using the same Quicken ID.

• Since there is only one Quicken ID per Quicken Account, only one credit score, Zillow score, and other data are available via the Quicken Cloud.
• Only one e-mail or phone number can be used for Multi-factor authentication in order to login to Quicken.
• Anyone with access to the Quicken ID has access to any/all your personal info that is available via My Account on Quicken.com, where they could update the password, billing information, etc.
• Any data file with the same Quicken ID can access any cloud data from any other data file tied to the Quicken ID (relevant for mobile sync and EWC aggregation). (It is unclear whether having a file password could prevent that.)

In short, if there are multiple users involved in sharing the same Quicken ID (typical in the same household) be mindful with whom you are sharing your Quicken ID and password.