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Quicken Essentials For Mac Update

How to Update Quicken for Mac Select the Quicken menu Check for Updates. If there is an update available, you will get a dialog box with what is included in the latest release and the option to: Skip This Version - This is not recommended. Easily import data - Easily import data from Quicken Essentials for Mac, Quicken Mac 2007, and Quicken 2010 for Windows or newer versions. Easy to get started and keep going - Step-by-step guidance helps you get up and running fast. Gives you the big picture in minutes. Special tool for upgraders, too! Easy setup tool for automatic downloads.

Quicken Essentials for Mac is Intuit's upgrade from Quicken Mac 2007. Although the user interface is more Mac-like compared to previous versions of this personal finance software, Quicken Essentials for Mac lacks some of the features offered in those earlier versions.

To adhere to technical guidelines established by Apple, the Mac App Store version of Quicken Essentials does not support the conversion of Quicken for Mac data files. If you are converting data from Quicken for Mac, please note that Quicken Essentials converts data from Quicken for Mac 2007, 2006, and 2005 only. Our website provides a free download of Quicken Essentials for Mac 1.7.4. This program was developed to work on Mac OS X 10.6.6 or later. The actual developer of this software for Mac is Intuit Inc. Our antivirus check shows that this Mac download is virus free. The program is sometimes referred to as 'Quicken Essentials'. Banktivity vs. Quicken Essentials 'It will be a long time, if ever, before Quicken Essentials catches up to Banktivity.' Gigaom.com 'Recently I gave up on Intuit for good and moved from Quicken Essentials to Banktivity.' Practically Efficient 'I'm finding Banktivity much more usable as a Quicken replacement than Intuit's anemic Quicken Essentials.'

Great for Financial Basics

If you're Mac user who is new to personal finance software, Quicken Essentials may just be enough for you. But, if you switch to another software later on, you may not be able to get your data to import into other software and you would have to enter transactions all over again (however, iBank 4 imports Quicken Essentials for Mac data). If you just need very basic personal finance software and doubt you'll have a need more money management features in the future, Quicken Essentials is worth a look.

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The software retails for around $50, has no free trial, but does have a 60-day money back guarantee.

Setting Up Quicken Essentials

Quicken Essentials was very responsive, screens opened when called and data updated quickly. Everything in the software is bright and colorful, from the overview screen to spending category selection in the budget. This aspect of the software makes it really enjoyable to use. Pie charts and bar graphs are used to convey information at a glance. Click on these graphics to drill down and see the transactions or accounts that make up the graph. The visuals are nicely done and never pokey, with boxes that flip open with options to be chosen.

Quicken essentials update

Getting set up is relatively fast, but depends on how many financial accounts you plan to track. I set up an investment account, checking account and three credit cards in about eight minutes. If you don't have an Intuit account (created when ordering software or participating in user forums on the Quicken website) you are required to create one before you can add your financial accounts.

Quicken Essentials For Mac Update

Speaking of adding accounts, the three credit cards I set up are all at one financial institution and Quicken Essentials recognized this so transactions for all cards were downloaded at once. I usually have to establish each of these accounts separately in the personal finance software. Account balances are found by clicking on Account Summary in the left toolbar, and account registers are accessed by clicking on the accounts listed in the same toolbar. To find a list of payees, categories, and tags, click on Window on the top toolbar.

Account Registers and Transactions

Account registers look similar to what you'll find in other personal finance software. Transactions can't be added directly into the register as is the case in Quicken for Windows, instead, you must click on the New button in the toolbar at the bottom of the register. Creating a split transaction is a two-step process, which seemed odd: first, click the New button, then click split on the bottom toolbar. Create a scheduled transaction from that toolbar as well.

Downloading account transactions is a fast and smooth process. To save time, Quicken Essentials will automatically apply spending categories and tags to downloaded transactions based on previously entered transactions. If you don't want the automatic categorization, turn it off in the preferences.

Also in the preferences, you can tell Quicken to automatically assign a category or tag if it can't automatically categorize transactions, but I recommend selecting the Do Nothing option. Then, after transactions are downloaded, scan the register for uncategorized transactions so you can properly categorize them, and in the future, Quicken Essentials will use that category for similar transactions.

Quicken Essentials has the attachments feature found in the Windows version. Using it is easy enough, but I was confused that there was no icon for the feature on the register toolbar or from a line in the register itself. To attach an image to a transaction, click on Transactions from the top toolbar, then select Add Attachment.

Quicken Essentials For Mac Update Free

Security

The option to set a password to protect your data file is found in the Preferences menu. I recommend setting a password to keep your financial information secure and because Quicken Essentials stores usernames and passwords for banking and other financial accounts. Be sure to choose a solid password to keep your data safe.​

Quicken Essentials Update

Reports

Quicken Essentials comes with six reports which are listed on the left toolbar, with very basic customization options. If you used Quicken for Windows or are a financial report hound, you're not going to be happy. Options included the ability to select accounts, categories, and tags to include in the reports and the date range can be changed. There is no budget report that shows month to month budgeted amounts compared to actual spending, you will only find a bar graph available in the budget module.

The Budget Tool

Setting up the budget is easy in Quicken Essentials for Mac. When you first open the budget feature, spending goals per expense category are recommended based on a three-month average of your downloaded transactions. You can change the goal amounts and add goals for that the automatic budget doesn't pick up, or remove categories you don't want to track. That's about all there is to budgeting in Quicken Essentials. As noted above, there is no comprehensive budget reporting. If keeping a more detailed budget is important to you, try iBank 4, You Need A Budget or MoneyWell.

Converting Data

Quicken Essentials has a conversion feature for data from Quicken for Windows, Microsoft Money, and older Quicken Mac versions. The conversions work reliably and require that you export data first from the previously-used software. Quicken Essentials has a limited number of reports and does not have a regular investment account register, so depending on the software you're exporting data from, some information won't transfer over.

Income Taxes

If you track tax-related budget categories, you can export data for use in any tax software that supports the TXF file format, and most if not all do. To export data to tax software, categories are assigned to tax line items found on IRS tax schedules and forms used for your tax return. It is critical that these assignments are made properly. At the end of the year, click on Tax Schedule found in the toolbar under Reports, then select Export Taxes. This produces a TXF data file, which is then imported into tax software (the tax interview will ask you for it).

Notable Features

  • Slick user interface with crisp graphics.
  • The all your accounts in one place.
  • Easy to use.
  • Easy access to Quicken Live Community for help.
  • Comprehensive help manual (PDF).

Weaknesses

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  • Budget feature is overly simplified and there is no planned vs. budgeted spending report other than what you see for any given month but the bar graph in the Budget feature.
  • No individual transaction support for investments, although account totals update.
  • No Quicken Bill Pay.
  • No mobile app or integration with Mint.com.

Bottom Line on Quicken Essentials

The great thing about this personal finance software is that it has speedy downloads from a huge selection of financial institutions, and it actually looks and behaves like a Mac application, unlike earlier versions. Unfortunately, Quicken Essentials for Mac also lacks some of the features users counted on in earlier Quicken Mac versions, but Intuit is still supporting Quicken Mac 2007. If you need the bill pay, investment and other features in Quicken Mac, you should probably keep using it and wait for Quicken Essentials features to expand before you switch.

If you are a Quicken Windows user who has switched to a Mac, you are unlikely to be satisfied with Quicken Essentials, which doesn't have business features, a lifetime planner, integration with rental property, a more sophisticated budget, a debt reduction or tax planner. You could use software to run Windows on your Mac with Quicken for Windows or try one of my other picks for Mac personal finance software.

Quicken Essentials For Mac Upgrade

If you're looking for reliable but simple personal finance software for your Mac, then you will probably like using Quicken Essentials. The software retails for $50 but there are some great Quicken Essentials for Mac deals to be found online.

Quicken makes managing your money easier than ever. Whether paying bills, upgrading from Windows, enjoying more reliable downloads, or getting expert product help, Quicken's new and improved features will help you save time and get better control of your money.

Features

Buy Quicken Essentials For Mac

  • Pay your bills from right within Quicken:
    • See and track them all in one place so that you never miss a bill
    • See what bills have been paid, are coming up, or past due
    • Easily pay your bills on time from right within Quicken
  • Single-click upgrade from Quicken Windows to Quicken Mac:
    • Convert from Quicken Windows to Quicken Mac in one click (excludes version from Mac App Store)
    • Do it all right from your Mac (no Windows required)
    • Easily import data from Quicken Mac 2015, Quicken Mac 2007, and Quicken Essentials with just one click
  • Export Category Summary and Tax Summary reports to a CSV file:
    • Export these reports with a single click
    • Enables you to analyze and graph data in Excel, Numbers, or your favorite spreadsheet app
    • Send your Quicken data to your accountant, financial planner, or other non-Quicken users
  • Ability to transfer money between different accounts within your bank:
    • Transfer funds from your savings account to your checking account
    • User must enable transaction download with the associated bank account
  • Free phone support:
    • We'll help every step of the way: we'll help you get started, upgrade, or set up new features
    • Phone support available Monday to Friday 5 a.m. to 5 p.m. PST
    • Reach us online via our 24-hour live chat support
  • See all your accounts in one place - Get a single comprehensive view of your bank, credit, card, investment and retirement accounts. Say 'goodbye' to multiple sites, passwords and statements. Automatically download transactions from over 14,500 financial institutions. Easily see where you're spending and where you can save.
  • Easily manage your accounts and transactions - The completely redesigned account register makes it easier than ever to manage your transactions--super fast search and filtering options, customizable columns and row height, and a great new look. Plus, all the features you expect from Quicken--categories, splits, tags, attachments, check printing and more.
  • Stay on top of bills and spending - Schedule reminders for upcoming paychecks, bills and payments to help avoid late fees. Get helpful reminders and alerts so that you can make your payments on time. See the impact of upcoming paychecks and bills on your account balance to avoid overdrafts or slipping below minimum balance requirements.
  • Get a handy calendar view of your spending - See your transactions at a glance. See when and where you spent your money. Look at your future bill and income reminders to understand the impact on your account balance.
  • Plan and stay on a budget - Makes budgeting and sticking to a budget painless. Automatically create a budget based on your past spending. Customize your plan, and track your progress.
  • Make smart money decisions on the go - Check your account balances and budget on the go. Free mobile app syncs data from your computer to your iPhone, iPad, and Android device. Take pictures of receipts to track key purchases.
  • Manage your investments and plan for taxes - See how your investments are performing. We continuously update quotes to keep your portfolio value current. Track cost basis, see realized and unrealized gains, and calculate capital gains, and more to make tax time easier.
  • Get valuable reports to help you make better financial decisions - Get or customize reports that help you understand different aspects of your finances. A cash flow graph shows how your upcoming bills and income affect your balance to help avoid overspending or late fees. Knowing your net worth over time helps you evaluate your current financial health and plan your financial future. We'll even show the amount spent by payee so that you can be smarter about managing your money. Other popular reports include category summary, spending over time, and tax schedule.
  • Easily import data - Easily import data from Quicken Essentials for Mac, Quicken Mac 2007, and Quicken 2010 for Windows or newer versions.
  • Easy to get started and keep going - Step-by-step guidance helps you get up and running fast. Gives you the big picture in minutes. Special tool for upgraders, too! Easy setup tool for automatic downloads. See a list of all accounts that can be connected and just click to get set up.