This IDEA request was only partially implemented. The basic feature of automated loan amortization was implemented in QM2017 v4.5, released April 2017, but only for fixed rate loans.
It still does not handle the following:
variable rate loans
simple interest loans (cars, student loans, etc)
amortized loans as an asset, where you are the lender
If you have not, make sure to clicking VOTE at the top of the page to have your vote counted to see the rest of this feature implemented. YOUR VOTES matter!
(If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)
Yes. That's exactly my point. Quicken 2007 was able to do that. 11 years ago.
Exactly. And there are a lot of other things Quicken 2007 was able to do that we can't do in Quicken 2018 yet.
There's a long and twisted story about the how's and why's of the crazy path of re-creating quicken for Mac from scratch after they decided back in 2007 the they couldn't move the old code base forward any more on Mac OS X. There was a first iteration that failed to even come out of beta testing, and then the second iteration, which was Quicken Essentials in 2010. A full Quicken Deluxe was supposed to follow a year later, but the executive in charge (who had been the founder of Mint) jumped ship and Mac efforts were nearly disbanded for a couple years. By the time they decided to focus on building a full-fledged Quicken for Mac again, they had to start with a new product manager and an all-new team of developers which was initially just a few people. Things are somewhat better now, but the fact remains that features that had been developed over more than two decade for Quicken Mac need to be re-though and re-developed for the modern Quicken Mac.
The developers still have a long list of features users are asking them for, like this one, and it's going to take a bit more time until they cross a lot of such feature requests off the list. As they prioritize what to tackle sooner versus later, things which aren't perfect but have a viable work-around have more often been left for later. I think this is one of those things. As I described in my post above, you definitely can have an asset account to track a loan you make to someone, but you have to do some of the work manually, until they get around to programming the automation for amortization.
QMac 2007 & QMac Subscription • Quicken user since 1993
This IDEA request was only partially implemented. The basic feature of automated loan amortization was implemented in QM2017 v4.5, released April 2017, but only for fixed rate loans.
It still does not handle the following:
variable rate loans
simple interest loans (cars, student loans, etc)
amortized loans as an asset, where you are the lender
If you have not, make sure to clicking VOTE at the top of the page to have your vote counted to see the rest of this feature implemented. YOUR VOTES matter!
(If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)
Thanks for clarifying the status and adding amortized loans as an asset! Look forward to loans as assets being added!
Comments
It still does not handle the following:
- variable rate loans
- simple interest loans (cars, student loans, etc)
- amortized loans as an asset, where you are the lender
If you have not, make sure to clicking VOTE at the top of the page to have your vote counted to see the rest of this feature implemented. YOUR VOTES matter!(If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)
- Where to find a Help Guide for Quicken for Mac?
- Quicken Mac FAQ list
- Quicken Windows FAQ list
- Help Guide and FAQs for Quicken Mobile
COMPLETE list of Product Ideas - Quicken for Mac to VOTE onObject to Quicken's business model, using up 25% of your screen? Add your vote here:
Quicken should eliminate the LARGE Ad space when a subscription expires
(Canadian Q user since '92, STILL using QM2007)
There's a long and twisted story about the how's and why's of the crazy path of re-creating quicken for Mac from scratch after they decided back in 2007 the they couldn't move the old code base forward any more on Mac OS X. There was a first iteration that failed to even come out of beta testing, and then the second iteration, which was Quicken Essentials in 2010. A full Quicken Deluxe was supposed to follow a year later, but the executive in charge (who had been the founder of Mint) jumped ship and Mac efforts were nearly disbanded for a couple years. By the time they decided to focus on building a full-fledged Quicken for Mac again, they had to start with a new product manager and an all-new team of developers which was initially just a few people. Things are somewhat better now, but the fact remains that features that had been developed over more than two decade for Quicken Mac need to be re-though and re-developed for the modern Quicken Mac.
The developers still have a long list of features users are asking them for, like this one, and it's going to take a bit more time until they cross a lot of such feature requests off the list. As they prioritize what to tackle sooner versus later, things which aren't perfect but have a viable work-around have more often been left for later. I think this is one of those things. As I described in my post above, you definitely can have an asset account to track a loan you make to someone, but you have to do some of the work manually, until they get around to programming the automation for amortization.
The basic feature of automated loan amortization was implemented in QM2017 v4.5, released April 2017, but only for fixed rate loans.
It still does not handle the following:
- variable rate loans
- simple interest loans (cars, student loans, etc)
- amortized loans as an asset, where you are the lender
You may want to reconsider the status of this idea thread.- Where to find a Help Guide for Quicken for Mac?
- Quicken Mac FAQ list
- Quicken Windows FAQ list
- Help Guide and FAQs for Quicken Mobile
COMPLETE list of Product Ideas - Quicken for Mac to VOTE onObject to Quicken's business model, using up 25% of your screen? Add your vote here:
Quicken should eliminate the LARGE Ad space when a subscription expires
(Canadian Q user since '92, STILL using QM2007)