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Software Quicken 2008 Premier [OLD VERSION]

Domain Name Com's - Software : Quicken 2008 Premier [OLD VERSION]


  

Rating: 4 out of 5 stars - Quicken Premier 2008
Smooth installation and conversion from QP2005 in Windows XP Pro. My wife is the bookkeeper and I'm her computer support. As a Quicken user of 10+ years, she has had no complaints and appreciates some of the new features. It probably helped that I added more memory in our older machine.



Rating: 3 out of 5 stars - Still gets the job done
I recently migrated to Quicken 2008 from 2005. I upgraded because Intuit was going to stop online transaction support for the 2005 version. I have been a Quicken user since 1991.

The 2008 version provides few meaningful (at least to me) enhancements over 2005. There are snazzier graphics (not useful) and I noticed the correction of a few minor bugs, such as the display of the column titles in the portfolio view (should have been corrected years ago in a software update; no functionality enhancement).

The application does the basic work of tracking and reporting the various types of assets, liabilities and transactions I use. Transaction downloads from financial institutions work fine, as they did in the prior release. The user interface is cleaner.

The portfolio-related functions are still very limited, and the inability to customize the portfolio asset classes renders any asset allocation analysis useless. It is clearly designed for people with straight-forward investments (stocks, funds, bonds). You cannot include any assets that Quicken classifies outside the investment category (investment real estate, loans made) in your portfolio with a meaningful asset class for allocation assessment purposes. (It is possible to add the assets to the security list as "other" but that's about it.) If you have a complex portfolio about all it's good for is transaction management.

My background is in commercial software, so I am sensitive to the costs of supporting many versions of software. Since Intuit does not charge a maintenance fee, the requirement to purchase and upgrade to a current release every few years does not seem unreasonable to me.

The bottom line is:
1. If you are considering a first-time purchase, Quicken works fine.
2. If you have a complex portfolio, count on Quicken for transaction management, but look elsewhere for portfolio analysis tools.
3. If you are on an older, but still supported, release there is no need to change.



Rating: 1 out of 5 stars - The extra featurs are worthless, no value over Deluxe
Just not enough flexibility.
Very few asset classes, no Mid Cap class.
No way you can do a modern meaningful portfolio analysis with this.
Really even Deluxe doesn't bring that much extra value since it too can not let you get meaningful reports on your allocations.

I wasted a lot of time before I discovered that all I had was a fancy bill pay and transaction down load tool.





Rating: 4 out of 5 stars - Not so bad
I have used Quicken since version 2. I do not find it to be buggy, but due to the bad news in these reviews, I do not expect to upgrade to 2008. I am using 2007 now with no problems. I need a way to download equity and index option info and am looking at GnuCash. I considered using MS Money, but one look at their reviews broke me of that idea. If you think the Quicken reviews are bad, the Money reviews are worse, especially for download from institutions.

I basically do not download my credit cards and bank info because most of my bank transactions are done with scheduled payments. The credit cards do not download anything like what I want in the register, so I have not even tried it on 2007 (I used 2005 last). I just enter them all manually.

The investment accounts are another matter. I have many transactions and I can get the 2007 to insert the appropriate info into the register. Unfortunately, it will not download the option symbols correctly, but insists on trying - no matter what I do, it tries to download, so I tried to disable the link to the internet to make it a little faster. That was worse. However, normal download from the broker goes smoothly and I have those dreaded Unidentified tickers to correct but that is only a few each month.

All in all, I have been quite satisfied with Quicken. I see the oscillation on the screen once in awhile but not too objectionable.




Rating: 2 out of 5 stars - Quicken 2008 - What is the big deal
I had been using Quicken 2005 before upgrading to 2008. 2008 is basically the same program with some potentially better graphics put on top of the same program from 2005. The only reason I even looked to upgrade to 2008 was because 2005 did not handle some new financial tools like 529 accounts. I still seem to be having issues using all my old data from 2005 with 2008. 2005 set my credit cards up as a separate account and the transactions that are debited to that account are double counted with the transfer to pay the account every month in 2008. Overall, it seems like in 3 years the changes to Quicken have only been small. If you are getting everything you want out of 2005, 2006, or 2007 there is no reason to upgrade.


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