Quicken

Last updated

Quicken
Developer(s) Quicken Inc.
Initial release1983;41 years ago (1983)
Stable release
Quicken 2022
Operating system MS-DOS, Apple II, Windows, Classic Mac OS, macOS, iOS, Android
Available inEnglish
Type Personal financial management software
License Proprietary
Website www.quicken.com

Quicken is a personal finance management application originally developed and offered by Intuit, Inc. Intuit sold Quicken to H.I.G. Capital in 2016, [1] and H.I.G. sold Quicken to Aquiline Capital Partners in 2021. [2]

Contents

Quicken runs on Windows and Mac systems, though the data is incompatible between the two versions. Earlier versions ran on MS-DOS [3] and the Apple II. [4] Versions of Quicken range from "starter" editions to more advanced offerings. [5] Since 1998, each version has tended to have the release year in the product name (e.g., Quicken Basic 2008); before then, versions were numbered (e.g., Quicken 8 for DOS).

Quicken is available for purchase and use only in Canada and the United States, and only in English. [6]

Product description

Quicken Premier 2005 box and installation CD Quicken Premier 2005 box and disc.jpg
Quicken Premier 2005 box and installation CD

The Quicken name typically refers to the core product offering of personal financial management software. The software includes financial planning activities that, historically, people may have done on paper – recording banking transactions, planning a budget and measuring progress against it, tracking investments and their prices and performance. Quicken has offered various editions, with varying prices – such as Basic which includes only those typical activities for someone with simple banking accounts, to Small Business for someone who also runs a business out of their home.

Quicken includes online services that allow users to retrieve transactions from various providers – such as their bank or credit card company. In most cases, online services and technical support are now supported for up to three years after the product's labeled version. e.g. Quicken 2018 will be supported until 2021. [7]

The Quicken brand had extended to other personal and household areas, including healthcare, but these extra applications are now defunct.

Quicken Health Expense Tracker was a free online tool for healthcare consumers enrolled in participating health plans. Users could "manage and direct their health care finances, view and organize medical expenses, payments and service histories, and download and organize personal health claims data." [8] The Quicken Medical Expense Manager was a desktop software tool for managing healthcare paperwork, tracking claims and payments, and consolidating related information.

Quicken Kids & Money was a Web-based program that aimed to help parents teach five- to eight-year-old children how to earn, spend, save, and share money. [9]

The only remaining extended product is Quicken Home & Business, which is aimed at smaller/less complex businesses than would use QuickBooks. Quicken Home & Business encompasses management of rental properties, and is only available on the Windows platform.

Software as a service

Quicken Online was a free, hosted solution (see software as a service) by Intuit. Intuit hosted all of the user's data, provided patches and regularly upgraded the software automatically. Initially, this was launched as a monthly paid subscription, and was a free service for over a year.

Intuit completed the acquisition of competitor Mint.com on November 2, 2009. [10] Quicken Online was discontinued on August 29, 2010, and users were encouraged to transition to Mint.com. When Intuit sold Quicken to H.I.G. Capital, Mint.com remained with Intuit rather than being part of Quicken.

Quicken introduced a cloud-based service, Simplifi, in 2020. [11] [12]

Beginning with Quicken 2018, the Quicken desktop software became a subscription service, with support provided with the subscription. Annual memberships can be purchased directly from Quicken.com. Quicken no longer associates the year with the release, the name is merely e.g. "Quicken Deluxe". [13]

Editions

The following are current (selling and supported) and retired (discontinued in both sales and support) versions of Quicken.

Current

Retired

Quicken 8 for DOS Quicken 8 DOS Register1.JPG
Quicken 8 for DOS

(Dates retired are shown.) [20]

Problems

Intuit stopped supporting its Quicken software in the United Kingdom in 2005, leaving many thousands of users with only partly functional software. [21]

In 2008 and 2009, Quicken users reported an unusually large number of software bugs for a commercial product. [22] [23] [24] A review of Quicken 2010 suggests that quality and user interface in that product year is dramatically improved. [25]

As of 2022 Existing Quicken Online users' data is transferable/importable into Mint.com.[ citation needed ] This is in direct contrast to VP Aaron Patzer's promise, made on April 27, 2010: "[Until the merger with Mint.com is complete], you can continue to use Quicken Online just like you have. Once we have completed integrating all features to Mint, you will be able to easily transfer your information and data to ensure the smoothest transition possible." [26]

History of Quicken on Mac

Quicken was originally written for MS-DOS and the Apple II back in 1983 and first released in 1984. The substantial differences between the Mac and these two platforms meant the later Macintosh version was written from the ground up. This led to incompatibilities between the file formats for the earlier versions and the Macintosh version. Quicken for Mac 1.0 was released in 1988. [27]

When Mac OS X came out in 1999 (server) and 2001 (desktop), a new platform emerged. Apple provided backward compatibility with the classic Mac OS in Mac OS X, so Quicken for Mac development continued in an older platform database structure (PowerPC-based). After they switched the Mac from PowerPC to Intel processors, Apple continued to support PowerPC-based apps (via Rosetta) on their Intel-based Macs until Mac OS X Lion.

In 2012, Quicken for Mac 2007 on Intel was released. [28] Intuit decided to start from scratch and Quicken Essentials for Mac (QEM) was created in 2010. [29] Quicken 2015 for Mac, released in August 2014, and later versions for Mac are built on the Quicken Essentials for Mac foundation. These newer versions of Quicken for Mac use an SQLite database. [30]

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References

  1. ↑ John Rebeiro (March 3, 2016). "Intuit selling Quicken to private equity firm HIG Capital". pcworld.com. IDG Consumer & SMB. Retrieved March 4, 2016.
  2. ↑ "Aquiline - Portfolio - Quicken". www.aquiline.com. Retrieved February 5, 2022.
  3. ↑ "Quicken for DOS". Intuit, Inc. Archived from the original on July 17, 2011.
  4. ↑ Field, Cynthia E. (March 17, 1986). "Quicken Offers Check Writing, Budget Analysis for Apple IIs". InfoWorld. March 17, 1986: 35–36 – via Google Books.
  5. ↑ "All Quicken Products". April 27, 2021.
  6. ↑ "Can I purchase Quicken outside of the U.S. and Canada?". Quicken.com. February 9, 2016. Retrieved July 28, 2022.
  7. ↑ "Retirement of online services for older versions of Quicken". Intuit/Quicken. Retrieved June 13, 2007.
  8. ↑ An April 2007 article in the San Jose Business Journal.
  9. ↑ "Quicken Kids & Money Help". Intuit Inc. Archived from the original on June 21, 2008.
  10. ↑ "Intuit Press Release - Intuit Completes Acquisition of Mint.com". about.intuit.com. November 2, 2009.
  11. ↑ "Quicken's Thirty-Nine Year Journey to the Cloud". PYMNTS. September 28, 2022.
  12. ↑ Perenson, Melissa (September 12, 2022). "Simplifi by Quicken review: Budgeting and tracking driven by an elegant interface". Tom's Hardware .
  13. ↑ "Quicken Product Selector" . Retrieved July 28, 2022.
  14. ↑ "Quicken Classic Starter". Quicken. Retrieved February 27, 2024.
  15. ↑ "Quicken Classic Deluxe". Quicken. Retrieved February 27, 2024.
  16. ↑ "Quicken Classic Premier". Quicken. Retrieved February 27, 2024.
  17. ↑ "Quicken Classic Business & Personal". Quicken. Retrieved February 27, 2024.
  18. ↑ "Quicken Classic Business & Personal for Mac". Quicken. Retrieved February 27, 2024.
  19. ↑ "Quicken Simplifi: Personal Finance Made Powerfully Simple". Quicken. Retrieved December 22, 2023.
  20. 1 2 3 "Currently Supported Quicken Products (Discontinuation Policy)". Quicken. February 9, 2016. Retrieved November 9, 2017.
  21. ↑ Oates, John (January 17, 2005). "Intuit UK kills Quicken and TaxCalc". The Register. Retrieved April 6, 2009.
  22. ↑ nathanau (January 27, 2008). "Quicken Community - Quicken 2008 Bug List". Quicken Community. Archived from the original on February 9, 2009. Retrieved January 17, 2017.
  23. ↑ thecreator (August 28, 2008). "Quicken Community - Quicken 2009 Bug List". Quicken Community. Archived from the original on April 8, 2009. Retrieved January 17, 2017.
  24. ↑ Elmblad, Shelley (January 14, 2009). "The Best and Worst Features in Quicken". About.com. Archived from the original on February 6, 2009. Retrieved January 17, 2017.
  25. ↑ Arar, Yardena (October 29, 2009). "Intuit Quicken Premier 2010". PCWorld magazine. Archived from the original on November 2, 2009. Retrieved January 16, 2010.
  26. ↑ "Quicken Support - Quicken Community". Intuit. Retrieved July 7, 2016.
  27. ↑ "Refreshed. Revamped. Renewed. This is Quicken at 40". Quicken.com. Retrieved August 18, 2024.
  28. ↑ "Intuit releases Lion-compatible Quicken 2007". CNET. March 8, 2012. Retrieved July 7, 2016.
  29. ↑ Snell, Jason (February 24, 2010). "After delays and criticism, Intuit releases Quicken Essentials for Mac". Macworld. Retrieved July 7, 2016.
  30. ↑ "qquery". PyPi.
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