Comment on iBank 4 for Mac [Download] by J. Omohundro.
Not so bad!,
We have been using Quicken 2001 forever on a PC, but the PC was ready to die, and we were tired of the PC hassle….so we bought an iMac. It’s our second iMac, actually, and we love it. But I digress…
We never upgraded Quicken since the 2001 version. In my opinion, Quicken is bloatware…just lots of stuff we didn’t really need and weren’t going to use that much, so we didn’t really have a good reason to ever upgrade. The reviews on Quicken for Mac scared us away from it, but most reviews on this product seemed okay, so we gave it a try, and have liked it enough to convert from the 30-day free trial to the licensed version. So far, it’s working well. The auto-downloads from the credit cards are great. We use small, local banks from which account activity downloads are not supported, but I doubt Quicken would have supported them either. I imported all our Quicken accounts, which was pretty much painless. I have a brokerage account that I downloaded from Ameritrade, and I did have to hassle a little with that to show purchases I made over a year ago, and I had to do an entry then to adjust the cash balance, but I’m an accountant, so for me it wasn’t too bad. Other people’s mileage with less experience adjusting account balances may vary.
The only place I’m going to ding this product a little is account reconciliation. I do like the way Quicken does this better, but iBank is not awful at all. You just have to pay a bit more attention when you do the job. All in all, I think we will like this product. We have used it for a month and have gone through a full month banking cycle, so I feel pretty good about recommending this product.
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