Saturday, August 17, 2019

Why I Left MoneyDance for Quicken 2019

For nine years I've used MoneyDance from Infinite Kind.  But as of today, after hearing Dave Hamilton rave about Quicken 2019, I'm happily back in the Intuit camp.

Way back in 2005 I purchased Quicken Mac OS to replace Dollars and Sense, which I had used since 1991. All was good.

Then in late 2010, Intuit decided to abandon Mac OS and not support Lion (OS X 10.7) just as the rest of the tech world was embracing it, and Apple had become the largest tech company on earth.  What were they smoking in Mountain View?

En masse Mac users scrambled to find replacement finance software.  Enter MoneyDance.  For $49.95 you could import your Quicken data as a QIF, link it to your bank, and with a bit of a learning curve continue on.

MoneyDance had some features Quicken lacked or did poorly. The interface looked a bit less polished.  But overall, it was a life boat given that Intuit decided to scuttle the Mac OS Quicken just as Apple was ascending.

But then MoneyDance broke!
The result was losing most of my 2013 and 2014 transactions due to some sort of software glitch.  MD overwrote the backup files and I didn't discover this until some time in 2015 when I was reviewing previous transactions for tax purposes. 

My data was just gone!  No error messages. Not a hint of a problem.  It simply trashed all but two payees in those two years.  Those transactions are still there.  A couple dozen.  But nothing else!

Needless to say that's not what you want in your financial software.  Fortunately I had records elsewhere. And Quicken had yet to prove itself after it's return to Macdom, so I plowed on.

Back to Quicken (2019)...And Loving It!
Today, listening to Mac Geek Gab 774, Dave Hamilton raved about the 2019 Mac Version of Quicken.  So, I downloaded the basic version, imported a QIF from MoneyDance.  Wow!  He is right.

It is like moving from VHS tapes to HD in terms of being a fully modern system.

For starters, you don't have to manually download transactions from your institutions.  Quicken has an automatic download feature that keeps it all in sync!

And when I first went to my bank, Quicken saw that I had several accounts and asked if I also wanted to add those and automatically download transactions.  You bet!

It updates automatically.  But, if you want to make double sure you're up to the second with all your accounts, you just click an icon in the upper left menu bar.  No log in needed.  In seconds all your accounts are synced from the cloud.

Contrast that to MoneyDance which has had a very spotty record these nine years of being able to make a connection to my financial institutions--which are some of the largest.  Out of date security certificates and "unexpected error" is not what you want to see.  At one point I waited 4 months for IK to create a patch.  And I had to hunt on their web site to find and manually download it.  That is so, 1995.

Goodbye MoneyDance.  You were a port in a storm back in 2011.  But the world has long, long passed you by.

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