Coming back to Quicken

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I'm on a Mac. Until about 4 years ago, I was good at keeping my financial data in Quicken up to date. But in the last 4 years I only updated a few accounts, and about a year ago I pretty much stopped updating everything. I have the time for Quicken now, and want to use it again. What do you suggest — should I start up again with the old data file, or create a new one? I have a few new accounts, and a few have been dropped, but otherwise my accounts are pretty much the same. The old data file has years of information, and it would be nice to keep using it, but not if it's going to require a lot of work.

Answers

  • crwalejr
    crwalejr Member ✭✭✭✭
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    Depends on how important all of the data history is to you. It certainly would be easier to just start a Quicken file effective 01/01/2024. When you add accounts and do an initial download from your financial institutions you will find that a lot of history will populate in the account download. Keep what you want and delete what you don't. It will take some time to get it the way you want but you will be happy your did.

  • RickO
    RickO SuperUser, Mac Beta Beta
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    I use Quicken a whole lot to look up previous transactions to answer questions like "when/where did I buy that thing?" or "how much did that cost last time?". So I think if I were you, I'd keep the old file. Personally, I'd prefer having everything in one file rather than switching back and forth when looking up historical info.

    Depending on what version you last used, your old file will need to be upgraded to the current version or imported. Do you recall what version of QMac you were last using?

    When you get the file up to date in current QMac, you will likely only be able download the last 90 days of transactions from your banks. I doubt you will find it worth it to try to recreate four years of history. It's up to you if you think it's worth trying to fill in the history from the first of the year.

    Assuming you don't try to recreate the four-year history and get it to reconcile, you will need adjustment transactions in each account to make the balances correct. After you get all the transactions downloaded and/of manually entered as you wish, then I'd reconcile each account and just accept the adjustment that QMac presents. After that going forward, you'll be all set.

    Quicken Mac Subscription; Quicken Mac user since the early 90s
  • rsmaxima
    rsmaxima Unconfirmed, Member
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    I used to use quicken for windows running on a Mac starting in the 90’s, and since I hate windows and the only reason I ran windows was to use quicken, I gave quicken up around 2007/2008 timeframe. I kept watching while quicken started their Mac version but early on the Mac version had issue and didn’t do everything the windows version did. I just started looking at quicken again in 2024 and people are still saying the Mac version still lags the windows version. Is this still true? I’m looking at the classic premier version, not the business version.

  • RickO
    RickO SuperUser, Mac Beta Beta
    edited July 14
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    It is true that the QMac version does not have all the functionality of QWin. But it is vastly improved from the 2007 era. You can do a search to see what the differences are; they may or may not matter to you. There's a 30 day money back guarantee, so you can give it a try and see if it suits your current needs.

    Quicken Mac Subscription; Quicken Mac user since the early 90s