Not so sadly, the vacuum left by Quicken’s lethargic updates, and Intuit’s apathy has been filled with clever money apps with more features and a lower price. Here’s a good one.
Quicken Wasn’t So Quick
Whatever caused Intuit to decide Mac users were not worthy of their time, effort, or updates, we may never know, and it probably doesn’t matter much anyway.
Do a search on Mac360 or Google for ‘Mac apps to replace Quicken’ and you’ll get plenty of options, most of which are less expensive and do more.
Koku is a Mac and iPhone app that does almost as much as Quicken, more than some of the competition, yet costs less, and takes your money management mobile via iCloud.
As personal finance apps go, Koku covers the basics, but adds a few functions you’ll need. Yes, it imports bank statements in the now ubiquitous OFX, QIF, QFX, and OFC formats.
And, it direct connects with a number of U.S. banks (but probably not yours) so you can reconcile across multiple accounts. If you’ve ever used Quicken (or pretty much any Mac money app), Koku will feel familiar.
Set up the standard accounts– checking, savings, credit card– and track each transaction– incoming or outgoing.
Koku even surprises with a judicious use of bar charts and pie charts that give you a visual of where the money went.
Koku features a unique tagging system so you can label spending and income categories so you know both where the money went, and from whence it came with nothing more than a click.
The reports are modest in number but also cover basics and become more valuable over time as it reveals and compares spending habits visually.
iTunes has playlists. iPhoto has albums. Koku has Smart Lists, but they work on your transactions. Again, an easy way to see where money is gone.
Unlike Quicken, you’ll be able to take your money management with you via the iPhone app and keep it all synchronized to the Mac with iCloud.
Koku is well done and a good substitute for those who’ve used Quicken in the past. However, it’s more of a personal finance manager app, and not built to manage stock portfolios, mutual funds, or business accounting. What’s unfortunate is that there’s no trail version available for the Mac.
Even for a quality app that costs little more than lunch, Koku needs a trial. Check out other Quicken alternatives in the links below.