Manages accounts, tracks loans and analyzes income and expenses
Import Mac or PC data from Quicken or Money
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Converted from Quicken on PC to iBank on Mac
iBank is a stable financial tracking package that runs on Mac. Converting files from the PC version of Quicken was straightforward and all bank and credit card transaction came across with one exception. If you store scanned images of your receipts in Quicken, these will not be transferred to iBank. Quicken does not have a mechanism to export these images. I've been using this program for a few weeks now and am pleased with it. Productivity is good. Downloading transactions from your bank and credit card providers is straightforward and works as advertised. WebDownload is easier than in Quicken due to the built in Web Browser in iBank. Split transactions are easy to work with except that a bug prevents you from seeing the splits when reconciling statements (scrolling in splits doesn't work so you can't see the split). Thus, if you enter your paycheck as a recurring transaction, but you need to tweak withholding, iBank makes this very difficult. You can be sure that this bug will be fixed very soon since it is such a glaring issue. The workaround is to go into the normal register and edit the split there before reconciling. The second annoyance is that with that latest release of OSX, Mountain Lion, connectivity with mobile devices does not work (yet). Again, you can bet that this will be very quickly resolved since one of the major selling points of iBank is its connectivity to mobile devices.\n\nA few words regarding moving your finances from Quicken to iBank. Once you transfer your files into iBank, your registers will be completely unreconciled. Thus, you will first have to 'reconcile' ALL past transactions before you can reconcile your current statements. I did this by creating one fictitious statement that spanned a register from inception to just before the current statement. iBank makes this fairly easy with a popup menu that allows you to pick \"start-end\" dates for reconciling transactions. You will have to find the right set of transactions to 'clear' that correctly reconcile your register. This only took a few minutes to do though. You are then ready to reconcile your current statements.\n\nAll your inter-account transfers will show as 'categories' in iBank. This is a quirk of using QIF files from Quicken. If you want your inter-account transfers to show correctly, you will have to go through your register and edit the appropriate transactions to show transfers vs. expense\/income categories. You do this AFTER you have set your account structure in iBank. This is not a limitation of iBank; it has to do with how Quicken exports data. iBank could help by creating functionality that looked for equivalent transactions in various registers to link them up. A minor enhancement in my opinion. I did not go back to edit all these transfers since they are obvious when you look at the 'category'.\n\nQuicken allowed you to store multiple receipt images per transaction while iBank allows you to store just one. Thus, if you have multiple images for a transaction (say, a credit card receipt, a itemized receipt and a warranty document), you will have to consolidate these files outside iBank before importing them. To view these attached images, iBank uses the Preview capability in Finder. From Preview you can SAVE a copy of the image, or print it.\n\nI do not track stocks or options in iBank so I can't comment on the functionality. I found that with stock splits, divestitures, acquisitions and the like, Quicken wasn't all that easy to use so I just stopped tracking my portfolio on the PC and this habit has carried over to the Mac.\n\nAside from these issues however, iBank is robust, has the necessary functionality and features to be \"THE\" top notch Mac based financial tracking package.