Quicken 2017 for Mac is here and may finally be the Quicken that Mac users have been demanding for years with a fully functional Bill Pay, new interface and enhanced reporting features. After many years of having to endure an inferior product on OS X, Quicken for Mac is now finally much closer to the Windows version although shortcomings still remain. The fact that Intuit sold Quicken to H.I.G Capital in March this year has definitely breathed new life into a woefully neglected product by Intuit who were unable or simply unwilling to bring Quicken for Mac up to speed with the Windows version. With more investment in the Mac version and a new dedicated Quicken for Mac product manager, the new owners seem to be putting more effort into Quicken for Mac. After the disappointment of Quicken 2015 for Mac and Quicken 2016 for Mac, Quicken 2017 has delivered a version of Quicken for Mac that’s considerably closer to the Windows version so here we take a closer look at it in our Quicken 2017 for Mac review.

What’s New In Quicken 2017 For Mac?

In a nutshell, the most significant improvements in Quicken 2017 for Mac can be summarized as:

  • The introduction of a fully functional Quicken Bill Pay like in the Windows version of Quicken
  • A Modernized and Standardized Interface comparable with the Windows version
  • Enhanced Budgeting (12 month budgets, although this was also introduced in an update to Quicken 2016), Investment and Reporting features
  • A More Powerful Mobile App

We’ll now look at these improvements and some of the shortcomings that still remain in more detail.

Quicken For Mac 2017 Finally Adds Quicken Bill Pay

After Mac users were let down by a lite version of Bill Pay in Quicken 2016 for Mac, it seems that the new product development team at Quicken have finally listened to the complaints of Mac users and added a fully functional Quicken Bill Pay for Mac in Quicken for Mac 2017. Bill Pay is arguably the most requested feature in Quicken for Mac after it was inexplicably removed from Quicken 2007 for Mac and for that alone, will be worth the upgrade for many users. The enhanced Bill Pay in Quicken 2017 for Mac means that Mac users can finally pay their bills from most banks within Quicken, including small and regional banks. quicken-2017-for-mac-bill-pay

The Bill Payment Services are provided by the same handlers as on Windows – Metavante Payment Services – and Bill Pay works just as well on Mac as on Windows now. Quicken Bill Pay on Mac also allows you to transfer funds between accounts at the same bank and pay all of your bills, just as on Windows. Note that there are bound to be some banks and institutions that still don’t work with Quicken Bill Pay (some may also charge application approval fees) but this is often due to problems on the bank’s side and not Quicken so you should always check with your financial institution first to make sure it is supported. Quicken claims to be supported by 14,500 different financial institutions though so it’s safe to say, you should be fine. Even when it is supported, you should still be careful with it when making bill payments as payments can fail for no apparent reason without any kind of notification and it’s often hard to work out if the problem is on the bank’s side or Quicken’s side.

Note that Quicken Bill Pay isn’t free as you must pay subscription for it. Quicken Bill Pay currently costs $9.99 per month for the first 20 payments with every 5 payments after that charged at $2.49 per batch. Quicken Bill Pay also includes Direct Connect Bill Pay (which was already included in Quicken 2016 for Mac) and supports around 450 financial institutions.

Quicken 2017 For Mac: A New Interface

The most notable visual change to the Quicken 2017 for Mac interface is not only a fresher, newer OS X style look but it’s now consistent with the Windows interface. Before, switching from Quicken for Windows to Quicken for Mac was more confusing than it should be, partly due to the fact that the interfaces were quite different. As a result, it’s now much easier to migrate between platforms.

For example, this is how the new look Quicken 2017 for Mac Home tab looks:

quicken-2017-mac-review-overview

And this is the same screen on Windows:

quicken-2017-windows-review

Quicken 2017 also looks sharper than previous versions of Quicken too, partly due to the fact that it’s finally been optimized for high resolution displays also.

In general, Quicken 2017 does a much better job of bringing all of your essential data together in one place via the Home tab than previous versions. It’s now easier to see the state of your checking, savings, credit cards, investments, retirement, loans in one place. All of this information is updated in real time as Quicken updates it from your financial institutions.

While Quicken has definitely made the interfaces on Quicken for Mac and PC more similar however, the range of features is still not the same on Mac as it is on Windows (more on this later). In addition, the Mac interface still isn’t as easy to customize as on Windows – simple dragging and reshaping of reports and transactions is very limited compared to Quicken for PC.

Quicken 2017 For Mac: Importing Files

The first thing you’re likely to want to do after installing Quicken 2017 is import a file. You can import data from previous versions of Quicken including Quicken For Mac 2007 – 2016, Quicken Essentials, and Quicken for Windows. However, this isn’t all plain sailing depending on the version of Quicken you want to import from.

When you start Quicken 2017 for the first time, you’ll be presented with the import options: Start a new account from scratch, Quicken 2015 & 2016 for Mac, Quicken Essentials, Quicken Mac 2007, Quicken Windows or a .QIF file from another financial software for Mac.

quicken-2017-mac-review-import-windows-file

If you’re importing from either Quicken 2015 for Mac or Quicken 2016 for Mac, you should have no problems. Just make sure all your accounts are up to date in either Quicken 2015 or Quicken 2016 and Quicken 2017 will automatically convert and import your accounts in their entirety and accurately. If you’re importing from Quicken Essentials, Quicken 2017 will also import everything including all accounts, transactions, tags, budgets, bill reminders, investing accounts etc. However, since Quicken 2017 for Mac has supports considerably more features such as more detailed investment tracking of lots as well as holdings), it may be easier to start from scratch and then re-add investing accounts manually.

Importing from Quicken 2007 is another story however. Although most account data will import, budgets and transaction attachments do not. There are also features that were part of Quicken 2007 that aren’t part of Quicken 2017 that will not import including loan amortization schedules, home inventory, emergency records data, explicit lot assignments and securities watch lists. The absence of loan amortization schedules in Quicken 2017 is a particularly disappointing oversight as it seems crazy that you can’t easily track something as simple as mortgage repayments or car loans in a personal accounting software for Mac as big as Quicken. In addition, at the end of the import you’ll need to reestablish all of your online banking downloads by going to “Accounts > Setup transaction download”.

There are even more issues when importing Quicken for Windows 2010 files or higher. All account data will import except budgets and transaction attachments. And again, features that are not part of Quicken 2017 for Mac including loan amortization schedules, home inventory, emergency records data, explicit lot assignments, securities watch lists, address book and lifetime planners won’t import. Quicken has confirmed that ESPP and Incentive Stock options will transfer but only as a standard holding without tax related information such as strike prices. In addition, Quicken Windows Rental Property Manager users won’t be able to import property specific data (tenants, rents etc) and Quicken Windows Home and Business will not be able to import business specific invoicing data. And finally, as with importing Quicken 2007 data, you’ll need to re-establish online banking downloads manually again.

Confusingly, if you buy Quicken 2017 from the Mac App Store you will need to convert Quicken for Windows files first on a PC and convert from a Quicken Data File (QDF) to QXF format before you can import them into Quicken 2017:

quicken-2017-for-mac-review-convert-windows-file


Finally, the QIF import feature is for if you want to import your accounts from Quicken alternatives for Mac such as Bankitivity (formerly iBank). If you want to import data from other personal finance software such as Bankitivity, Microsoft Money or MoneyDance, you simply need to export it in QIF format first and then import it into Quicken 2017 (if you’re interested in running MS Money on your Mac by the way, you can find full instructions how to install Microsoft Money on Mac here.)

Whichever method you choose for importing, it can take a while depending on the size of your accounts but you can expect something in the region of around one minute for every year of accounts you are importing. You should always make sure the accounts you are importing are up to date and always check the account balances afterwards to make sure they are the same.

In general, the import tool works efficiently with some manual cleanup needed but as you can see, it very much depends on which software you’re importing from. The inability to import certain things from Quicken for Windows either due to technical issues or simply because those features are not available in Quicken 2017 for Mac is disappointing and will no doubt infuriate some users.

Quicken 2017 For Mac: Connecting Accounts Online

The next thing most people do is connect Quicken to their bank account. Quicken connects three ways depending on the system your bank supports: Quicken Connect (Express Web Connect on Windows), Direct Connect and Web Connect. The good news is that also seems to have been significantly improved in Quicken 2017. There is a slight difference between each method though as you can see below:quicken-2017-mac-review-bank-connect-compare

Previously, connecting to and downloading data from financial institutions could either be highly unreliable or resulted in messed up account ledgers, broken connections and general headaches. We tried with a SunTrust account and syncing was surprisingly smooth and credit card, savings and current accounts downloaded and synced with Quicken 2017 correctly. You will have to do some manual renaming of accounts but in general, the online bank account syncing compared with previous versions works far better.

Quicken 2017 For Mac: Spending

Quicken 2017 categorizes transactions and makes it easier to see where your money is going. You can choose to view spending by category or over time to help you keep tabs on where your cash is being spent. Spending year-on-year comparison reports were one of the most requested features in Quicken for Mac and they’ve now finally been added in Quicken 2017. Quicken also tries to help soften the blow of bills via Bill Reminders which show you the impact of of forthcoming bills before you get them to help you make sure you’ve got enough funds to cover them or avoid late fees or overdraft costs. One other neat addition to Quicken for Mac is the Spending Cloud which shows via words where the majority of you’re money is going – the bigger the word appears in the Spending Cloud, the more money you are spending on it. Useful if you just want to see what’s costing you the most without needing to see the amounts or dates of transactions. You can also setup Spending Alerts which are triggered when a large purchase or certain balance has been reached to make you more aware of spending in real time. These appear at the top of your Dashboard and can also be sent to you via email. It’s also now possible to use tags and categories to filter spending reports and see sub-totals for those tags and categories which hasn’t been a feature of Quicken for Mac since Quicken 2007 for Mac. Quicken 2017 also now allows you to export category and tax summary reports to CSV.

quicken-for-mac-2017-review-spending

Quicken 2017 For Mac: Investing

Investment tracking has been enhanced in Quicken 2017 for Mac allowing you to organize and optimize your investment portfolio with more detailed, lot-level investment tracking. You can quickly see your investment transactions and realized gain and view a Schedule D report to see short-term or long-term profit and losses. The ability to view Portfolios by statement date (Portfolio time machine) was missing from Quicken 2016 and is another addition to the 2017 edition. In Quicken 2017 for Mac, you can also sync your investment holdings to the Quicken mobile or tablet app to see your portfolio and monitor changes throughout the trading day. If you need to, you can still download holdings, balances, and transactions in Quicken 2017.

quicken-for-mac-review-2017-investment

You can sync your online investment accounts with Quicken 2017 for Mac but we do recommend checking whether your investment institution supports it. For example, investment house T Rowe Price does not support Quicken for Mac because it requires betters support for single-mutual fund accounts.

Quicken 2017 For Mac: Budgeting

One of the other most wanted features in Quicken 2016 was 12 month budgeting. This was another inexplicable abscence from Quicken 2015 for Mac and Quicken 2016 for Mac but has finally been added to Quicken 2017. The 12-month budgeting tool helps you to setup a realistic 12-month budget based on your spending history. You can then tweak and customize your budget and set budget goals until you’re satsified with something you think you can stick to. The Budgeting tool will then track your progress throughout the year and you can check it any time to see how you’re doing via the Quicken mobile app.

quicken-2017-mac-review-budgeting

Quicken 2017 For Mac Report Types

There are several new report types in Quicken 2017 for Mac compared to previous versions of Quicken on Mac and the reporting capabilities have been enhanced. Most reports you can filter by account, category, payee, date and tag (called “classes” in Quicken 2007 for Mac) and then save your customized reports. Reports possible in Quicken 2017 include:

  • Account Summary
  • Activity Last Month
  • Activity This Month
  • Calendar (with reminders, transactions, and balances)
  • Cash Flow/Projected Balanced Forecast Chart
  • Category Summary Report (Spending by category)
  • Tag Summary Report (Spending by tag)
  • Year over year category, payee and tag comparison reports
  • Net Income Graph
  • Net Worth Over Time report
  • Payee Report
  • Spending Cloud Report
  • Spending Over Time
  • Tax Schedule reports (Schedule A, B, C, D). You can also add customized categories for any other federal tax schedule, such as Schedule E.

quicken-2017-mac-spending-report

Although some account “views” are not included as “reports” in Quicken 2017, you can choose different views to reveal things such as a 1 month and 12 month budgets as well as an Investment Performance views to show portfolio value, cost basis, and gains. You can generate reports from any day of the year via the Quicken calendar too.

Quicken 2017 For Mac Goes More Mobile

Quicken 2017 features an upgrade to the free Quicken Mobile App for both iOS and Android. The iOS mobile app works on iOS 8.0+ and Android 3.0+ – Blackberry but Windows Phones are not supported. Any new transactions or changes you make on your mobile device are still automatically synced with the desktop version but users now have slightly more detailed account information at their fingertips. Editing data is still extremely limited compared to the desktop app although you can still take photos of receipts and sync them with the desktop app. The Quicken mobile app is probably most useful for tracking investments and transactions or searching transactions, checking, savings and credit card purchases on the go.

quicken-2017-mobile-app

For the first time, you can also now see a full history of your transactions when you sync data with the desktop version of Quicken 2017. This is particularly useful for investment holdings as you can sync them to see your portfolio and monitor trading fluctuations and movement throughout the day.

quicken-2017-mobile-app-portfolio

Finally on iOS, Quicken has also introduced fingerprint ID in the mobile app for faster and more secure access. In fact, security in general has been enhanced in all Quicken 2017 products with two factor authentication introduced.

Despite these improvements, the Quicken mobile app is still very limited whether you’re a Mac or Windows user. Basic information such as cash flow and credit card transactions are better organized and accessible but other useful data such as scheduled transactions and loan data is still not accessible for some reason.

Quicken 2017 For Mac: What’s Missing?

There’s no doubt that Quicken 2017 for Mac is a step forward but frustratingly, it still lacks behind the Windows version in terms of features. There are several financial features still missing compared to the Windows version too, most of which we highlighted earlier when looking at problems importing Quicken for Windows files into Quicken 2017 for Mac. The most notable missing features include debt reduction and savings plans, portfolio analysis, investment tax analysis, loan amortization schedules, forecasting, lot management, multi-currency support and some budgeting features. There’s still no basic profit and loss or balance sheet reports available and investment reports, IRR, ROI and investment allocation views are all missing. There’s also a lack of automated features compared to the Windows version such as automatic reconciliation, automatic backups and automatic linking of online bills so that you can easily see the due date and amount due in Quicken. Finally, although it’s not an essential feature, you still can’t access

It’s hard to understand why many of these quite basic features still aren’t part of the Mac product, especially something as essential as loan amortization in a personal finance software such as Quicken. Another shortcoming for home owners is that Quicken for Windows users get automatic updates of their home values, which gives a more up-to-date overview of their net worth whereas Mac users don’t since home valuation isn’t part of the product. It is possible that Quicken will add these features via updates to Quicken 2017 for Mac over the next few months as Quicken are at least allowing Mac users to vote on features they’d like to see added to Quicken 2017 for Mac.

Quicken product availability in general for Mac users still remains very limited however and it’s hard to see that changing anytime soon. Windows users can also use Quicken Premier, Quicken Home & Business and Quicken Rental Property Manager alongside Quicken 2017 but none of these program are even available to Mac users.

If you do encounter a problem with Quicken 2017, the good news is that they’ve finally provided phone support. Previously, Quicken for Mac help was online Live Chat only and notoriously poor. The fact that you can now speak to someone (based in the USA too) is long overdue and shows that Quicken has again listened to the deluge of complaints from Mac users about previous versions. You can contact Quicken support on 1-888-311-7276 Mon–Fri 5am-5pm PST.

How To Get Quicken 2017 For Mac

Quicken 2017 for Mac was originally launched on the Mac App Store for $74.99 but due to strong competition from Amazon, Quicken has slashed 40% off until January 10th 2017, so you can Quicken 2017 from the Mac App Store for $44.99 for a limited period. You can also get it from Amazon for the same price.


Note that if you buy the Mac App Store version, due to technical limitations you’ll have to convert Quicken Windows files first on a PC before you can import them whereas the Amazon version does not have this restriction. The Quicken mobile app for iPad and iPhone is still free.

Although there is no Quicken 2017 for Mac free trial, you do get a 60 day money back guarantee if you’re dissatisfied. Quicken promise free feature updates until September 2017 (after which presumably you’ll have to update to Quicken 2018) and free support and security updates up to April 2020. You can also install one purchase of Quicken 2017 on three different Macs under the same license. The system requirements for Quicken for Mac are OS X 10.10 Yosemite or higher including OS X 10.11 El Capitan and OS X 10.12 Sierra. Note that Quicken for Mac is the only version of Quicken available for Mac: Quicken Starter Edition, Quicken Deluxe, Quicken Premier, Quicken Home & Business and Quicken Rental Property Manager are all Windows only products.

Updates to Quicken for Mac 2017

In previous releases of Quicken for Mac, bug fixes and updates to the product were few and far between but since the takeover by H.I.G. Capital, updates to Quicken for Mac 2017 have been much faster. In fact within a few months of the original release, Quicken for Mac 2017 has already been updated with fixes and new features, most of which have been demanded by users. The latest version of Quicken 2017 on Mac (version 4.4) now includes:

  • New Transaction Sidebar Indicator: After updating connected accounts, a blue dot now appears on the sidebar, next to all accounts on the sidebar that have new transactions.
  • Auto-Backup: You can now backup files (five at a time) to a designated location after logging out of the app.
  • Export or Copy Reports: You can now export or copy the comparison or summary report to a spreadsheet which makes it a bit easier to analyze the data or print it.
  • Report Comparison Customization: You can now more easily compare the current and previous period including quarterly and monthly.
  • New Total Column: The summary report now has a much demanded Total column.

The rapid speed at which Quicken has rolled-out these free updates to Quicken on Mac seems like an encouraging and long overdue effort by the company to finally start responding to Mac users with the same level of support that Windows users already enjoy.

To get a good overview of the most important features, functions and updates covered in this Quicken for Mac 2017 review, we recommend also watching the video below.

Further Reading

If you’ve found this Quicken 2017 for Mac review helpful, you might also be interested in our articles on:

If you still want to use the Windows version of Quicken on your Mac, then also check out our article on the The Best Way To Run Windows On Mac.

Review: Quicken 2017 For Mac Finally Delivers
It seems the change in ownership of Quicken has finally delivered Mac users a product that compares more favorably with the Windows version. However, it still lags behind Quicken for Windows in some areas and we're still waiting for equality with the PC version. However, the changes and enhancements to Quicken 2017 for Mac show that the new owners are moving in the right direction. You can get Quicken 2017 for Mac from the Mac App Store for $44.99 or from Amazon for $44.99.
Pros
  • Finally includes Quicken Bill Pay
  • Fresher, Standardized Windows Interface
  • Enhanced 12 Month Budgeting & Investment Reports
Cons
  • Some Windows Features Still Missing
  • Importing From Quicken For Windows Not Complete
  • Mobile App Still Limited
4.0Overall Score

About The Author

Author

MacHow2 is devoted to helping you get the most of of your Mac. We're passionate about all things Mac and OS X whether it's helping users with software recommendations or solving technical problems on Mac. If you've got any comments about this article, get involved by leaving a comment below. You can also contact us directly using the contact form at the top of the site.

69 Responses

  1. Bryan Hurst

    How about importing files from Microsoft Money? I’m still using Money 2006, and keeping Parallels on my computer solely for that – I’d love to be able to get rid of Parallels and transition over to Quicken for Mac, as long as I can import my data fairly painlessly and set up my categories and such the way I have them in Money `06. (Please note: I tried that whole using Money with Wineskin thing, it didn’t work for me.)

    Reply
  2. Bryan Hurst

    thanks… it will probably be a while before I’m able to afford Quicken for Mac, but eventually I will make the switch. Parallels became a “subscription” at some point, and after trying to find an alternative (the Wineskin experiment), I sucked it up and paid the $50 to keep Parallels for another year. So, I plan on making this switch sometime in the next year.

    Reply
  3. John Frye

    I for the life of me, cannot see enough change that is worth me investing and putting out hard earned money up for a program that appears to be the same as 2016 Quicken for Mac. It may have a few more bells and whistles, but not enough to change. I have both Quicken 2016 for Mac and Windows. Windows wins, hands down. I’ll change when it is more like the one for Windows!

    Reply
    • MacHow2

      To be fair, this is easily the closest version to Windows Quicken has released on Mac. With Quicken Bill Pay and a standardized Windows style interface in particular, there’s far less significant difference between the two products but yes, they’re still not exactly the same.

      Reply
      • smayer97

        Actually, Quicken 2007 for Mac is closer. But this is the closest they have gotten since the re-start of a Mac version, starting with Quicken Essentials for Mac in 2010.

  4. kpom1

    It still lacks loan amortization schedules (making it difficult to track a mortgage loan). And they should have used this as an opportunity to make Quicken for Mac file compatible with Quicken for Windows. Cloud sync has always been flaky in Quicken. I’d like the ability to park a Quicken file on OneDrive or iDrive and access it with Quicken for Windows on my Windows PC and Quicken for Mac on my Mac.

    Reply
    • MacHow2

      Yes there are still a few shortcomings compared to the Windows version. Loan amortization schedules is one of them although the fact you still have to convert Quicken Windows files to import them into Quicken for Mac isn’t such a big issue for most people as they’re likely switching to Mac and only have to do it once. But it’s definitely frustrating if you want to regularly grab Quicken Windows files online as you describe.

      Reply
  5. David Chaney

    The one main feature I use daily in Quicken Windows is, the projected balance in one’s checking account which shows upcoming payments. Does the Mac version have this finally? Thanks

    Reply
    • MacHow2

      If you mean does Quicken for Mac 2017 show the impact of upcoming bills before they actually happen, then yes it does.

      Reply
    • smayer97

      Yes it does, under the Bill Reminders section, there is a graph showing forecast balances. It is limited in that there is little control over what shows up at present.

      Reply
  6. B Shaw

    I use the account register features on a lap top. I need to work with other windows visible. v2016 has a giant interface which cannot be down sized past default limits. eg,side to side I want to show/hide or reduce the account list width past it’s current limit. Top to bottom, I want to show/hide that giant account name masthead, the Transactions/search row, and the filter row. The v2016 window cannot be dragged upwards smaller than 20 rows of transactions. Does the new interface in v2017 allow reducing the interface window by hiding more elements or by allowing more upward drag or more leftward drag of the account list?

    Reply
    • MacHow2

      It seems that in respect of reducing the account register window, it’s the same as Quicken 2016 for Mac. In general, there’s still less flexibility in Quicken for Mac when it comes to resizing the interface and dragging elements compared to the Windows version.

      Reply
  7. smayer97

    I need to correct a few details from the article:
    – conversion from Windows to Mac is done on the MAC. It does not require the conversion to occur on a Windows PC. This is useful if the user no longer has access to a Windows PC. You only need a Windows PC to perform the conversion IF you are not using current versions of Quicken for Mac or you purchased Quicken through Apple.
    – You make it sound like it is new but Quicken’s ability to import from other software like Banktivity, MoneyDance, etc. is nothing new. It has been available since Jan 2015 in Quicken 2015, and except for a few tweaks early on, it has not changed since then.
    – 12-month budgets and Investment features were released in May 2016 as part of ongoing feature updates (and fixes) to Quicken 2016, so is not new to 2017.
    – Your repeated reference that features were inexplicably removed from Quicken 2007 in later versions is completely FALSE and communicates the WRONG message. As you well know, Quicken was re-developed from the ground up. So they have to add back in features that have existed in the past. It is VERY important to understand this. Sets correct perception in minds of readers.

    The biggest issue I have with the article is that there are MANY exaggerations, setting expectations too high, that are unrealistic, therefore setting people up for a major let-down. Though it may LOOK very similar due to the new HOME page for both the Mac and Windows versions, here are just a few differences:
    – Quicken for Mac still lags in MANY MAJOR areas…missing reports and report features, investment reports and metrics, lot management when selling, forecasting, multi-currency conversion support, many budget features, control over transaction downloading and matching, etc.
    – there are also MANY more subtle but very functional differences like configuration options
    – interface may be new but it is not modernized. It is inflexible and NOT Mac like. By making it like Windows, helps the Windows converts but the behaviour is nothing like the Mac interface.
    – users CANNOT see MOST of their data in the Mobile app. They cannot see scheduled transactions, only some details regarding investments, and is LIMITED to cash, bank and credit cards…in other words loans, assets, and other account types are not visible (this applies whether you use the Mac or Windows version of Quicken desktop)
    – Conversion from Windows can leave out a lot of info, depending on what user data they have, like report formats, investment data, attachments,

    All this said, Quicken is working to narrow the gap in differences between the Mac and Windows versions but it has a LONG way before they come close.

    Reply
    • MacHow2

      Thanks for your feedback. We have made it clear that Quicken for Mac still isn’t as complete as Quicken for Windows but Quicken 2017 is certainly the closest yet. We’ve taken a few of your points into account about the wording however and features that were pushed to Quicken 2016. As regards the disappearance of features such as Bill Pay from Quicken 2007, “disappeared” seems to be the best word or at the very least, “dropped” or “removed for unexplained technical reasons”, as they most certainly were regardless of whether Quicken decided to build the product from the ground-up in later versions. Quicken Bill Pay was a very popular feature and the decision to put it back into Quicken 2017 will be one of it’s strongest selling points.

      Reply
      • smayer97

        Actually, what I am saying is that you have NOT made it clear just HOW FAR the 2 still are, making it appear they are much closer than they really are, as per the points I highlighted.

        Not sure why you are defending such wording. It is misleading and inaccurate at best. Moreover your specific wording of “removed” and “removal” it infers that Quicken is pulling features intentionally. That is unfair to Quicken and does not frame the situation properly in the reader’s mind (not that I am defending them either). That is poor form.

        There is far better wording, and it only takes a few, so little effort to be accurate and informative. Not doing so will only erode reader’s confidence in your reviews, this on top of the other misleading info (BTW, I’m not trying to be confrontational, just constructive, so you understand.)

    • Lostinram

      I have a big problem with your comment about the features that were in quicken for mac 2006 and before, whether the product had to be rebuilt from the ground up is irrelevant. The fact is that we had a functional system with features that worked, and then the next version, was missing all or many of those features. Now, technically these features were not removed from the product, however, I’ve now been unable to use Quicken for Mac for more than nine years, because these features were no longer available. These features were no longer available because quicken did not invest in the new mac software, after reading this review, I’m not really sure they have invested all that much still. Well I agree with most of what you said, I believe that you lose credibility, when you give quickin and out, for not investing in Mac software, hardly at all, for nearly a decade. I have used several of the previous Quicken for Mac software’s, and none compare to the 2007 version, and earlier, and hardly compare to the Windows version, that is in the stores today. Anyone reading the authors review, should take note, that even under the new ownership, quicken has shown very little concerned for it’s Mac customers. One quicken customer service rep suggested that if I wanted those features, so much, I should use the Windows version on my Mac. that in a nutshell tells you what quicken customer service, can do for the Mac user.

      Reply
      • smayer97

        @Lostinram not sure why you have been unable to use Quicken for Mac for 9 years. QM2007 (LC version v16.2.4, just updated in June 2016) still runs quite well on Mac OS 10.6.8 Snow Leopard up to and including 10.12 Sierra. And it was technically still available until Sep 2016 via customer service.

        Granted that if you switched over to Quicken Essentials in 2010 onwards, or QM2015, QM2016 or QM2017, then yes, there are still far fewer features than in the 2007 version.

        And I disagree with your statement that “Quicken has shown very little concern for it’s Mac customers.” In fact, Eric Dunn has committed to double the Mac development team within the calendar year after HIG purchased them in April 2016 and work on bringing the Mac version “…closer to the feature set of Windows…” (see here description and short video here: https://getsatisfaction.com/quickencommunity/topics/update-on-the-quicken-sale-from-eric-dunn )

        Don’t get me wrong. I am NOT trying to defend Quicken. Nor am I trying to give them an out. And believe me there is plenty to be frustrated about. Yes Quicken faltered badly over the past 10 yrs. I am still stuck on QM2007 because QM2017 still does not have key features I need. They had failed attempts in re-starting Quicken for Mac, in part due to the lack of vision by Intuit. But my goal is that I just want to correct wrong information and assumptions that leave the wrong perspective.

        Quicken just started this journey on their own. It has only been just over 6 months. And their plan is over “…the next quarters and years…”, so do not expect progress to be fast. It is a business after all, and their efforts must be financially sustainable.

        I know that if you really want QM2007, Quicken was providing it for FREE as a bridge version for those who needed to get into QM2016 from older versions of Quicken. I do not know if they stopped this practice. I have not had anyone confirm this one way or the other. One way to find out is to purchase QM2017, then request QM2007 as an intermediary version to convert older Quicken data. Worst case, you have 60 days to act on the money-back guarantee.

  8. Paul

    This product is a scam. I purchased it for $65 on the web site, and was then told that I was being charged $299 for the year to activate support. I was informed that I purchased only software. Yet nowhere on the website was this mentioned.

    Reply
  9. Donald Zeth

    We just bought Mac 2016 less than two weeks ago and now 2017 is out, You should be able to do something for me. Thanks

    Reply
  10. PR

    Did they fix the calendar bug yet? The calendar balances are just plain wrong as the calendar is viewed from one month to the next. The end of one calendar view shows a balance, for example for the 3rd day of the following month, but when you move to the following month that same day shows an entirely different balance — and all days thereafter are wrong as well. If and when that bug is ever fixed, I’ll think about an upgrade. Until then, this important feature is horribly flawed and reason enough to avoid any upgrade expense. Calls and emails to product support get nowhere. And you did not mention the feature at all. So I am assuming nothing was fixed.

    Reply
    • MacHow2

      In our tests the calendar shows the correct balance month-on-month so unless what you’re describing only happens because of your specific setup of Quicken, it appears this works correctly.

      Reply
      • PR

        It does not work correctly. And my setup is standard. Through version 3.5.2 the bug still exists. As of today, for example, Nov 3 has a balance of $10,220.07 when viewed in October calendar but Nov. 3 has a balance of $7,667.36 when viewed in the November calendar — an inexplicable difference of $2,552.71. I don’t know what tests you are running, but I have a real world household of accounts. The bug has not been fixed.

    • smayer97

      This bug was supposedly fixed back in June as of v3.4.1. Make sure you have the latest version. If not, update it (in-product). If so, Quicken support are the only ones that can take your feedback and have it looked into.

      Reply
      • PR

        I have been giving this feedback to Quicken since 2015. I never get a reply other than that they are aware of the bug and will fix it at some unspecified time in the future.

  11. Robert G.

    Since the purchase of Quicken by HIG and the variety of negative reports about Quicken for Mac, I found your review quite helpful. You’ve put a good amount of perspective and a balanced amount of detail in one place that allows for further investigation by any of us who care to pursue our specific points of interest. Thank You.

    Reply
    • smayer97

      @Robert G. I recommend you also read my reply above from yesterday (Oct 17) to get a more complete picture, so you do not run into any major surprises. 😉

      Reply
      • Robert G.

        @smayer97: saw your comments before I wrote … thanks. I believe your analysis and most of the other comment strings add to this article. I was about to drop Quicken completely after at least 2 decades on Quicken / W starting way back with dot matrix check printing. Articles and comments about Intuit, HIG and Quicken / M 2016 left me looking into completely different home banking solutions. I was not happy at all. Now I at least have some hope that Quicken / M 2017 has foundation functionality and HIG seems to be interested in extending Quicken’s life. I’m about ready to make the switch to Quicken for Mac 2017 and ride out the, hoped for, continued software upgrade / fix releases.

  12. Jeff

    I’m confused about the monthly fee for using Bill Pay. I want to be able to pay my bills online, as I used to on the Windows version before I converted to Mac. There was no charge for that ability. Is a monthly charge something new?

    Reply
    • MacHow2

      You were probably using Quicken Direct Connect to pay bills online on Windows which is completely free. Direct Connect is also available in Quicken 2017 for Mac and is also free. Quicken Bill Pay is a different system and for that you must pay a monthly subscription in both Quicken for Windows and Quicken for Mac.

      Reply
    • smayer97

      Also be aware that just because Bill Pay via Direct Connect, or Quicken Bill Pay, is available for Windows does not automatically mean it is available for Mac. Each product is treated entirely separately behind the scenes. This means that each platform (Mac or WIndows) is treated separately. Even each VERSION for each platform is treated separately, though this may appear seamless.

      It is the Financial Institution/Bank that makes the decision as to which service is supported for which, as they have to pay license and support fees. So you need to make sure that your FI/Bank supports the specific platform and version of your choice.

      Reply
    • Robert G.

      One more note re: Direct Connect … don’t count on the Quicken official page to know if your bank supports Direct Connect with Mac 2017. My bank is (was) listed as one of the 400 supporting DC. After a number of failed attempts to establish DC with my bank their tech support team told me that they had only recently established support for Mac 2016 and do not yet support DC for Mac 2017. Quicken tech support tells me they are going to remove my bank from their list of supported DC banks (Citizens Mid-Atl Consumer) if they can confirm my story. After doing my Windows to Mac conversion, adjusting a few minor elements in my records and establishing Dir. Connect with two other banks without issue, I’m now in a holding pattern until this bank supports Mac 2017. Fortunately I can still use Quicken Windows. That said, what I’ve seen of other features in Mac 2017 is encouraging.

      Reply
      • MacHow2

        Thanks for sharing your experience with Quicken and Direct Connect. These technical issues connecting Quicken to certain bank accounts have always been a problem although it’s not just Quicken that’s affected. Alternatives to Quicken for Mac such as Bankitivity (formerly iBank) also have issues. As you’ve found, the problem is it’s almost impossible to know whether the problem is on the bank side or Quicken’s. As banks tighten online security and perhaps more importantly, encourage customers to use their own personal banking services, this could become a big issue for personal finance software such as Quicken.

  13. MB

    I am an accountant and would love to find personal finance software for Mac that is comparable to Quicken for Windows. I have Quicken for Mac 2016, but this is not “accounting” software – no balance sheet or income statement – no loan amortization. Are there any personal finance products for Mac that are comparable to Quicken for Windows that I can use until Quicken gets its Mac product up to speed?

    Reply
    • smayer97

      Just to make it clear to all, and as a Quicken user yourself you know, Quicken is not and never will be accounting software. Rather it is personal financial software, with some business capabilities. So this does not preclude it from having the features you mention…in fact I look forward to those being restored to the Mac version. Just want to put it in the right perspective.

      Please do look at the suggested list of alternatives for Mac. But if you are looking for the features mentioned, suggesting you are a more “advanced” user, you may likely find that alternatives fall just as short in business areas.

      Reply
    • JC

      You might want to try Quickbooks for Mac. It is more for business and has the type of financial reports that you are looking for. It is not as good as the Windows version of course, but it may be more of what you are looking for.

      Reply
  14. smayer97

    For those interested in trying to influence and direct the priorities of the Quicken developers and which features to focus on first, I highly recommend that you browse through the IDEAS section of the new forum on ‘Get Satisfaction’ and VOTE for each of the missing features to be added back into Quicken for Mac.

    This will help make the transition easier for you WHEN you are ready to upgrade, by seeking to have the features you are used to end up in the latest version.

    To do that, read this post on how to participate and VOTE to your heart’s content:
    https://getsatisfaction.com/quickencommunity/topics/add-option-to-search-invisible-and-visible-fields-in-quicken-for-mac?topic-reply-list%5Bsettings%5D%5Bfilter_by%5D=all&topic-reply-list%5Bsettings%5D%5Breply_id%5D=17949825#reply_17949825

    This is an opportunity to have your say, so I urge you to take advantage of it. Please share this with others too.

    Reply
  15. Righty

    Features are one thing, but 2015 and 2016 for Mac have been buggy as &*(^! I’m talking basics like being able to accurately upload and sync balances with such exotic organizations as Bank of America, Vanguard, Fidelity and TIAA CREF. Read their own forum for endless posts on this. THAT is what needs to be reviewed and reported on. Is this a bug infested mess like the previous versions or not?

    Reply
    • smayer97

      Though it is true that there are many challenges with online connectivity with Financial Institutions (FI) and Banks, this statement lacks context.

      First, there are 3 methods of connectivity between Quicken and the FIs/Banks. There is Direct Connect, Quicken Connect and Web Connect.

      Direct Connect is communication directly between Quicken software and the FI/Bank. Has virtually no involvement in this connection method. When there are problems here, much of the problems are most often the bank side.

      Web Connect involves downloading FI/Bank data into a file and loading that data into Quicken. The only part that
      Quicken is involved in is controlled by user settings, any where from only validating that the FI/Bank is supported to data ‘Clean-up” of Payee names and initial categorization. Here the problems can vary, though again very often the issues stem on the FI/bank side.

      Quicken Connect involves Quicken servers connecting to the FI/Bank with credentials supplied by you. It is effectively as if you are logging into the FI/Bank yourself and collecting the data. Here the method used to get data varies a lot from FI/Bank to FI/Bank. Some Fi/Banks give more access to Quicken and supply pre-formatted data. In other cases, Quicken scrapes the webpage that contains your data. So the degree of involvement by the FI/Bank in setting this up varies from some to none. In all cases, data is stored on Quicken servers for you to then sync to to load into Quicken. The problems often arise when the FI/Bank does not communicate changes in this environment. That is when you get a lot of reports of problems.

      So you can hopefully see that the landscape to provide connectivity to the FI/Banks is quite complex and delicate. And often these bugs are not so much with the Quicken product as it is with the connect points along the way that need resolution. When you then consider that there are over 14,000 connections that Quicken has to maintain, the challenges are multiplied. So when something goes wrong, and it inevitably does, it can create a lot of noise, especially if it affects a lot of users at once.

      The problems that arise cannot be solely attributed to Quicken, though there are many that are theirs to own. So it is important to maintain perspective on this whole issue. Am I saying that Quicken does not have some things they can improve? Of course not. There is room for improvement. And of course, it is no fun when you are the one affected by one of these issues. But it is important to maintain perspective and recognize that this is an ever changing landscape, which requires a lot of ongoing effort to maintain.

      Reply
      • smayer97

        Oh, and has been pointed out by others, these types of issues are not isolated to Quicken alone. All banking software connecting to FIs/banks is going to run into these types of issues.

      • Robert G.

        This context is very much appreciated context. Good information. Thanks for taking the time to explain.

  16. JC

    I have a client that has used the Quicken for Mac 2007 for years. She upgraded to the Quicken Mac 2016 and is so frustrated by it that it almost made her cry. Can you tell me whether the 2017 version is similar to the 2007 version?

    Reply
    • MacHow2

      You can certainly run Quicken using VirtualBox but Parallels is definitely easier to setup and use, especially for beginners. VirtualBox requires a certain amount of manual configuration when switching between OS X and Windows.

      Reply
  17. thebeek

    Direct Connect was problematic with our local bank. Essentially all their clients got what the bank paid for…They’ve changed their interface, taking some effort on their clients part but well worth it. I use my Mac on chart and trade platforms but went to PC in ’07 with loss of Mac bill pay. May now go back; thanks for “you all’s ” input.
    Always looked at Mac as personnal home finance at most, not portfolio or accounting oriented.
    I will always believe that this attitude of ‘personal’ orientated computers has been the one and greatest loss for Apple.

    Reply
  18. Denise Barnes

    In the old PC version of Quicken that I had, there was a calendar that showed all my upcoming bills and deposits day by day and the projected balance for each day as I went along. When I switched to a Mac (which I love), the quicken product did not give me any such calendar at all. I returned the product and bought MoneyDance. Although MoneyDance does have the calendar so i can see my upcoming bills and projected deposits, it does not give a balance on each day. So both programs were disappointments to me. Does Quicken 2017 for mac give that calendar? You have posted many pictures of the different screens but I did not see the calendar view screen. Can you post one so I can see if it is what I am looking for?

    Reply
    • MacHow2

      Hi Denise, Yes Quicken 2017 for Mac does support a calendar view to show you upcoming bills and deposits. Hope this helps: Quicken 2017 Mac Calendar View

      Reply
      • smayer97

        That is the calendar for data entry….That is NOT the Calendar VIEW the user is asking about.

    • Denise

      This is a picture of a calendar. This is NOT the calendar view that Quicken on the PC had. I am looking for something that if i pull up the calendar i can see every day showing bills due and a projected balance based on those bills and/or projected deposits at a glance – where I can see the whole month in front of me. Does it have that?

      Reply
      • smayer97

        This user is asking about seeing bills due and projected balance…i.e., BIll Reminders, not necessarily to link upcoming online bills…that is a whole other feature.

        Simply put, they want to see what info shows up on the calendar plus a graph similar to the Bill Reminders graph. I know for a fact the latter feature is NOT available. I know that Bill reminders do show up on the calendar. So why not post a Calendar show this?

      • Denise

        Smayer97 is exactly correct as to what i am looking for. I don’t care about the graph he/she mentioned, but I’d like to see what shows up on the calendar for bill reminders, projected balance, etc. Thank you Smayer97; you put it in better words than I did.

  19. D Dunn

    I am thinking of getting Quicken 2017 for Mac but am surprised it does not have basic report capability for balance sheets and income statements – really ?? I have been on Quicken 1986 for many years and they had these basic reports back then !!

    Reply
    • smayer97

      As stated above, the key phrase I mentioned is “…[Quicken for Mac] was re-written from the ground up…” so many features are being rebuilt into the new version. It is unfortunate that the product was released before it had many key features but I guess they decided this was the best approach to fund the future development and support of the Mac version, so it is what it is. Again, go add your vote for any missing features you want to see return, to help priorities the work (see link above on Nov 27).

      Reply

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