It’s just not all that anymore. Quicken, I’m just not that into you. Here’s why. Quicken just isn’t all that good these days. At least, not on the Mac. What’s the gold standard for Mac money management apps? Not Quicken.
iBank, Therefore I Am
With apologies to René Descartes who said, ‘Je pense, donc je sues.’ I say, ‘Have money, will bank.’ Or, put another way, ‘I have money so I use iBank.’
For Mac users, iBank is probably the gold standard for Mac money management apps, thanks in part to Intuit which decided years ago that the Mac wasn’t worth a Quicken version of it’s own.
When Intuit wised up and finally realized there was money to be made from Mac users it was too late. iBank and a dozen competitors had already swooped into to fill the vacuum.
The latest iBank version has taken me some time to know and love. First up, it’s not a checkbook app. As the name implies, iBank can even connect to your bank and your accounts for data.
Second, iBank has far more features than Quicken (needed to justify the higher price tag). It does budget modeling, expense tracking, multiple accounts (checking, savings, credit cards, investments, loans).
Reports are the purest of eye candy and iBank delivers both income and expense reports, investments, total net worth, and a bunch more.
Click the screenshots above for a larger, pop up view.
iBank lets you pay bills with online bill pay to setup, schedule, and send payments automatically while tracking each transaction, and auto-categorizing the expenses (this depends on your bank’s capabilities, of course).
If you’re like me and have a little too much month left over at the end of your money, you’ll appreciate iBanks detailed analysis of where the money went and how much. The latest version has added features and capability, but also seems easier to setup and use.
Don’t be wowed or intimidated by the list of features. You can start easily by entering some expenses, your checkbook balance, and track bills with ease. Then, as you become more accustomed to using iBank, expand into other features, including online reconciliation, scheduled bill pay, and so on.
All transactions can be assigned categories or even sub-categories, or even split transactions. I only deal in dollars but iBank is somewhat global in nature and handles multiple currencies, including exchange rate calculations. Since we live in the mobile age, and our transactions travel wherever we go, there’s also an iBank for iPad and iBank Mobile for iPhone (and you can sync some data between devices).
The differences are notable, though. iBank for Mac has all the features you could probably want, and a price tag to match. iBank for iPad could be all you need, but the iBank Mobile app for iPhone is more of a sidekick app to collect transaction detail on the go to be synchronized to the Mac later.
I would be interested in iBank’s Direct Access syncing subscription service but I’m not even sure what it is (other than a way to give my money to someone else each month; something I’m good at). And I don’t like subscription services for my apps; take that, Adobe).