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Intuit sells Quicken to private equity firm in management buyout

computerworld.com

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Re: Intuit sells Quicken to private equity firm in management buyout

#11

Post by sizzzzlerz »

jd3 wrote: post #8
orionblastar wrote: post #2

Quicken is good when it works with your bank, I have a bank that doesn't work with Quicken and only exports to an older Quicken file format that is no longer supported. I remember when Microsoft Money was Sun downed, I thought Quicken had beaten them. But it seems Inuit still has financial problems and sold Quicken.

I believe our bank just stopped accepting stuff from the version of quicken that my father uses to do his financials. To this day he runs quicken on a 2005 (!) iMac G5, which is his daily driver.

I'm still running it on a Mac iBook from 2004. Its the only thing I use it for because I can't stand later versions of Quicken on either the Mac or a PC. Granted, I'm only using it as a checkbook register but it does it so well, why look for something else?

Re: Intuit sells Quicken to private equity firm in management buyout

#12

Post by joshuaheard »

thepangolino wrote: post #6
orionblastar wrote: post #2

Quicken is good when it works with your bank, I have a bank that doesn't work with Quicken and only exports to an older Quicken file format that is no longer supported. I remember when Microsoft Money was Sun downed, I thought Quicken had beaten them. But it seems Inuit still has financial problems and sold Quicken.

You touched on something I've always wondered about: what's up with all those different transaction data formats? What's wrong with simple CSv files?

Quicken switched to its own proprietary format for which it charged banks a license fee.

Re: Intuit sells Quicken to private equity firm in management buyout

#13

Post by sizzzzlerz »

thepangolino wrote: post #6
orionblastar wrote: post #2

Quicken is good when it works with your bank, I have a bank that doesn't work with Quicken and only exports to an older Quicken file format that is no longer supported. I remember when Microsoft Money was Sun downed, I thought Quicken had beaten them. But it seems Inuit still has financial problems and sold Quicken.

You touched on something I've always wondered about: what's up with all those different transaction data formats? What's wrong with simple CSv files?

Consumer lock-in. If its proprietary, so much the better.

Re: Intuit sells Quicken to private equity firm in management buyout

#15

Post by isomorphic »

I'm just not going to put all of my financial records in once place under one vendor in the cloud. On the other hand, I'm not going to trust Quicken after years of neglect and no sane way of getting my data out.

I used GnuCash for a few years, and was generally satisfied with many parts of it, yet it was horribly broken in some ways. And it isn't easy to get data out, even though it can use a native XML storage format.

These days I'm forcing myself to use Ledger http://ledger-cli.org/ The UI is essentially the UI of your favorite text editor (with all the efficiencies and pain that entails), but no one can argue that your data is held hostage! It's a text file!

Re: Intuit sells Quicken to private equity firm in management buyout

#17

Post by yoodenvranx »

flog wrote: post #5

All looking pretty good for cloud accounting products like Xero.com - the desktop is dead!

>the desktop is dead

Perhaps I am already too old, but the idea of cloud application sucks and I hope the desktop never dies.

In my opinion the cloud should only be used to synchronize my data between my devices but it should never be the sole source of my programs. If I spend money on software then my main requirement is that I can install it locally and run it independent of the mother company.

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