Microsoft and Adobe because Office and Photoshop CS apps have more features than a committee could figure out how to use. And Intuit, because their on-again, off-again commitment to the Mac means the best Quicken was released back in 2007.
If you’re ready to dump Quicken and look for greener pastures for your money, you won’t have to go far.
Quicken Essentials or MoneyWell
We were actually excited a year or so ago when Intuit announced Quicken Essentials. It was the company’s new commitment to the Mac.
Unfortunately, Essentials came with bugs and a shortened feature list that didn’t even match Quicken from 2007.
Essentials must mean the lowest number of features a Mac user can put up with and still pay money to Intuit.
Quicken Essentials still gives you multiple accounts for bank, credit card, checking, etc. It even categorizes expenses and gives you a view to where your money went with just a click.
You can set budgets, set up reminders, and track transactions using the best Quicken interface ever. See how pretty Quicken is?
Negatives? It doesn’t import standard QIF files from other Mac money apps (just files from Quicken Windows or Microsoft’s defunct Money).
For example, there’s no forecasting capability. It’s an app that seems to monitor your accounts and not much more.
MoneyWell To The Rescue
We’ve long advocated MoneyWell as the Mac money app for the rest of us, and for good reason. While Quicken languished without updates all those years, MoneyWell was the financial turtle app, plodding along, always improving.
Like most Mac money apps, MoneyWell tracks your money in accounts but uses the time honored envelope budgeting method. The spending buckets make it easier than ever to track where your money went.
Like Quicken, MoneyWell is visual and all the detail you need for each bucket, income or expense, is a click away.
It even handles multiple currencies, and direct connect banking (but not to every bank in the country). Plus, it imports common financial formats, including OFX, QFX, QIF, and CSV.
What tips us in favor of MoneyWell? Simplicity, ease-of-use (what good is a big list of features if you can’t figure out how to use them?), and the iPhone apps.
MoneyWell for iPhone will sync with MoneyWell on your Mac using Dropbox. The advantage here is that pretty much everywhere the check book or credit card goes, the iPhone goes, so you don’t have to worry about keeping track of the transaction details until you get back to your Mac.
Fortunately (and sometimes, unfortunately), time marches on. The latest MoneyWell runs on Mac OS X Lion and comes with standard Lion features like full-screen, auto save, auto restore, et al.
Also new is Even-based Budgeting so you can set up MoneyWell easier than previous versions. Transactions can be tagged and therefore tracked in reports easier. There’s also an option to repeat transactions and pop up calendars to make date entry easier.
MoneyWell isn’t an app for managing a stock portfolio or mutual funds, or doing balance sheets or P & L’s. It’s the app for the rest of us, especially those left behind by Quicken’s multi-year denial of Mac users.
More love for alternative apps and less love for Quicken.
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