RSSIntuit Set to Announce Quicken 2002
By David Worthington | Published August 22, 2001, 1:46 AM
UPDATED Quicken 2002, formerly known by the code-name "Kayak" for the PC and "K2" for Macs, will be officially announced early Wednesday morning. The launch of Quicken 2002 comes on the heels of Microsoft's Money 2002, which was publicly revealed yesterday. Intuit has added a host of new features in an effort to deflect the software gaint's push to gain ground as the two companies duke it out for market share.
Available in Deluxe, Suite, Home and Business varieties, Quicken seeks to maintain its position as market leader. New features include an easier setup, tax and investment impact insights, a portfolio analyzer, automatic bank reconciliations, and automatic categorizations for transactions. Intuit has improved the variety of investment types that it can track, has more accurate tax forecasts, tracks reoccurring payments such as mortgages, and allows users to update all online accounts in a single step.
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|It's pretty nice. Worth the upgrade.
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|It's nice if you are upgrading a previous version of Quicken. They don't seem to be interested in converting Microsoft Money users to the fold. Believe me, I have tried to switch to Quicken the last two or three years. You can't convert a Money file directly. You have to export your data to QIF files one account at a time, a very painful process that takes all day and doesn't work the first couple of times--and then it leaves important data out.
You have to dig very hard and very deep to find any acknowledgement of Microsoft Money's existence on Intuit's Quicken web site.
I switched to Money from Quicken a long time ago and regretted it, but Intuit won't welcome back its prodigal son.
So I conclude that Quicken is content to let Microsoft keep its existing customer base.
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|It is nice, I got my copy delivered yesterday.
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|I participated in the Beta test, and it certainly is worth the upgrade. I was using Quicken 99, and was impressed with the host of added features such as more powerful budgeting, the tax planning tools, and the ease of setup and customization. I can't speak to Money users, since I've never used that product, but for existing Quicken users, I certainly think it's worth the upgrade, especially if you're using 2000 or earlier.
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|I'm just the opposite, I used to use Quicken, then switched to Money which I like much better.
One thing I couldn't stand about Quicken is that whenever a new version came out, it cost and arm and a leg to upgrade to. With Money, if you wait a while, you can sometimes get it for free bundled with other programs, or for a very low price with rebates.
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|Weird this was released to everyone on August 16th 2001 (6 days ago) and i hear about it again?
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|Yep.. received mine Tuesday as well..
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|The problem with switching from Money to Quicken is that there is no conversion utility. You have to export your files one by one from Money into QIF files, then import them into Quicken. That sounds easy, but not if you have multiple accounts with transfers among them. Then you have to import them in the right order--and you can only discover what is the right order by experimentation. After you spend all day doing that, you discover that not all the vital information gets included in the QIF file. So if you have checking, savings, five credit cards, and four investment accounts, it will take you all day to create the eleven QIF files and experiment to find out the proper order in which to import them into Quicken.
On the other hand, if you are a Quicken user switching to Money, all you have to do is open the Quicken file and Money converts it all.
I don't think that Intuit fully understands that it has erected a huge barrier preventing Money users with multiple accounts from converting. If they lose market share to Money, I hope they don't blame it on Microsoft, because it is their own fault they don't have a conversion utility.
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