What's Happening in the Quicken Community - August '21 Edition
In today’s modern world computers no longer stay in one place really, we’re not tethered to ethernet connections and almost always have a phone, tablet or laptop that is on our person, or close by.
With that in mind, what would you do if that computer, phone, etc., breaks, crashes, or outright dies? What will happen with your Quicken data?
If a crash or issue with the computer does occur, having a recent backup of your Quicken Data File can make all the difference on your path to recovery.
Backups are a snapshot of your data file at the time the backup was created, restoring a recent backup allows you to pick up from when the file was created, instead of starting over from the beginning.
What backup options are available to me?
Quicken offers multiple options for backing up your data, from automatic to manual and even cloud storage solutions such as Drop Box.
It is important to note that the Quicken Cloud is not a backup solution and is instead designed to sync portions of your Quicken Data File for view on the companion Mobile/Web Apps. For more information on the Quicken Cloud please visit here.
By default, Quicken (Windows) automatically creates a backup copy of your data file, every 5th time Quicken has been opened. These backups are stored directly on your computer hard drive and can be accessed from the File > Restore Backup option at any time.
Quicken Mac will automatically create a backup before closing, every time a change has been made to the data file.
The automatic backup feature was created as a safeguard to ensure there is always a recent copy of your file, but if you prefer more control of your backup strategy, this feature can be disabled, or the frequency adjusted in the Preferences menu.
When a new release of Quicken is available, a new backup copy of the file will be automatically created before the release installs, whether automatic backups are enabled or not.
In addition to automatic backups, you can manually create a backup copy of the data file at any time.
Manual backups can be saved anywhere files can be saved, for example, the local computer hard drive, an external hard drive, thumb drive, or even to an online storage solution such as Drop Box or One Drive.
Regularly saving a backup copy to an external or cloud storage solution can be especially handy in the case of a computer crash or failure as your data can be restored from the external storage platform when you are ready.
Dropbox is an online storage service that can be used to store your Quicken backup files. It creates a folder in your computer that takes anything you store in it and backs it up in online cloud storage. It can also be used to back up any other files such as pictures, documents, video, and invoices.
Dropbox automatically offers 2GB of storage. However, the Subscription Release of Quicken includes an additional 5GB of free Dropbox storage space, for a total of 7GB.
- New investment dashboard and simple investment tracking
- Budget detailed mortgage payments and auto-reconcile accounts
- Better indicators and notifications to be able to take action faster
- New early access feature and the beginnings of Dark Mode