For the past few years I’ve been using iBank / Bankify for my personal financial management. I documented my move to iBank in a previous post. Finding a Mac compatible financial application was the final app that I needed to completely go Mac only not require a virtual machine for my personal use.
I’ve been generally okay with iBank now Bankify however there been some lingering challenges. First and foremost I keep getting duplicate transactions even after I downloaded from my bank. What that means is I sometimes have to spend hours each month trying to reconcile my accounts because a single transaction might have three or four transactions in my register. It also might turn out that several of those transactions if the account transfers might show up as a transfer to the wrong account thus throwing off balances across multiple accounts.
This year one of my financial goals was to automate bimonthly banking and bill payment as much as possible. This bug has caused challenges to completing the objective. This month I had a renewed desire to find an alternative. I tried you need a budget however the downloading of transactions from my bank seemed to be clunky. It also focuses on budget only. That’s important to me however I need an app that can do more. My sites then turned to Quicken since their 2016 Mac upgrade it seems to have been a big improvement over the 2015 one. I know it doesn’t have all the same features as the Windows version however I wanted to stay native Mac. I did contemplate trying the Windows version however I don’t think I need some of the advanced features that the Mac version does not offer. That is why today I bought Quicken for the Mac 2016.
The import process went surprisingly painlessly. My export from Bankify went over without any problems. The import of that file to Quicken also appears to of been painless. I need to go through each account and confirm the balances make sure everything is correct. For now it looks like this is the easiest migration I’ve had to do. In the past I went from Quicken for Windows to Mac and then back again. Then I went from Quicken to Bankify. Each of those migrations was painful and took a lot of time to validate things right or to tweak the process in order to get a good copy of my data. Part of my problem is trying to keep and migrate 16 years of data. I don’t need it but I want it and since it’s all in one file should be straightforward to migrate. I do have an additional eight years of data in other files that I don’t migrate but I have all of my financial transactions going back to my freshman year in college in some sort of backup or another. At some point soon I need to archive old transactions to an off-line backup so I don’t have all of it on an Internet connected machine. That’s my next step.

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