Which version for Mac

TaraB
TaraB I do not have Quicken yet Member

I manage finances for 3 different entities - my personal and two joint family - that need to be kept separate. In addition I have a business with multiple rental properties. I have a property manager which tracks most of the transactions for the business, but not all. I am potentially interested in pulling their data into Quicken but my options are only to download it PDF, Excel or CSV, and I haven't been able to tell if that is compatible, and with the management software online that isn't a dealbreaker. I've just used spreadsheets to manage all of it up until this time, but it's time for something more robust before I drop some balls as each is getting more complicated.

I use a Mac, and have read that there isn't really a rental manager available in Quicken for Mac Business at this point. If I want to keep each of the 4 entities separate, how do I do it and which version of Quicken do I use? Do I need Business and Personal, or will just one of the other Quicken for Mac Classic subscriptions work? Each will have individual tax reporting, so I want to be sure I start with the version I need as I'll be starting fresh. Would each of the entities go into a separate file? Thanks for your help

Tagged:

Best Answer

  • jacobs
    jacobs Quicken Mac Subscription SuperUser, Mac Beta Beta
    edited January 22 Answer ✓

    In Quicken Mac Business & Personal, you can define as many separate businesses as you want. That allows you to report on each business independently as well as aggregating them together, as needed. (The other alternative you have is to have a separate Quicken data file for each business, but then you can't combine data form all your businesses, or with your personal finances.)

    If you choose not to use Business & Personal, you could use Tags for each business on transactions in a regular Deluxe or Premier data file, and that might be enough for your reporting needs. You can create reports for each Tag, but it's not as flexible as using the tools for business which are added in Business & Personal.

    As your your separate rental property management software, there is no way to import data from such an external program into Quicken Mac; you can't import Excel or CSV files as transactions into Quicken Mac at all.

    Quicken Mac Subscription • Quicken user since 1993

Answers

  • jacobs
    jacobs Quicken Mac Subscription SuperUser, Mac Beta Beta
    edited January 22 Answer ✓

    In Quicken Mac Business & Personal, you can define as many separate businesses as you want. That allows you to report on each business independently as well as aggregating them together, as needed. (The other alternative you have is to have a separate Quicken data file for each business, but then you can't combine data form all your businesses, or with your personal finances.)

    If you choose not to use Business & Personal, you could use Tags for each business on transactions in a regular Deluxe or Premier data file, and that might be enough for your reporting needs. You can create reports for each Tag, but it's not as flexible as using the tools for business which are added in Business & Personal.

    As your your separate rental property management software, there is no way to import data from such an external program into Quicken Mac; you can't import Excel or CSV files as transactions into Quicken Mac at all.

    Quicken Mac Subscription • Quicken user since 1993
  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    BUT, extending @jacobs last paragraph … since it's still early in the year, you can start all of those businesses in QMac as-of 1/1/25… and keep the other software (concluding 12/31/24) as historical record.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • TaraB
    TaraB I do not have Quicken yet Member

    Thank you both. I appreciate it. It sounds like a business subscription is the best way to go. Because it’s early in the year that’s exactly why I wanted to get started now for this coming year accounting before there’s a lot of catch up to do. I do wish I could import from a spreadsheet as I could then import historical data but at least I can go forward