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Subject Author Date
Quicken 2007 Basic and investments Steven Latus 11-05-2006
Posted by R. C. White on November 7, 2006, 10:11 am
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Hi, Steve.

While there are changes in the UI, I don't see any difference in the
functionality of Q2007B from Q2006B.

All the real functionality of Quicken is in the Basic version. The
higher-priced versions add mostly advice, reprints of government
publications (now available free on the Internet) and specialized
reporting - and fluff. At least, that's my impression after about 16 years
of using Quicken and TurboTax. Their version names have changed over the
years; many of the functions (depreciation, payroll, etc.) in the current
Home & Business versions could be very helpful to small business owners, but
I'm only guessing about those since I haven't looked at them in over a
decade.

The one thing that I miss in the Basic version is the Tax Planner. But that
suffers from so many weaknesses imposed by the nature of our changing tax
laws that its usefulness is limited, anyhow. Since most of the actions I
need to take come at the end of the year, I usually just wait until the
first version of TurboTax hits the street. Then I load that and import my
year-to-date numbers and see what I need to do before year-end. But, as I
said, my situation has become much simpler since I retired. My practice
definitely will NOT fit everybody.

RC
--
R. C. White, CPA
San Marcos, TX
(Retired. No longer licensed to practice public accounting.)
rc@grandecom.net
Microsoft Windows MVP
(Currently running Vista x86 build 5744 RC2)

> R. C. White wrote:
>> Hi, Steven.
>>
>> Of course, it depends on your own needs. My investments are a lot
>> simpler since I retired, but I still have some CDs and several stocks in
>> a couple of brokerage accounts. I download quotes daily, but don't
>> download transactions or statements from the brokers. I tried that a
>> time or two but found that it took more effort to conform the downloaded
>> information to my old stick-in-the-mud method of accounting than it did
>> to enter the transactions manually and reconcile the paper statements
>> monthly.
>>
>
> So Q2007 does have investment features like Q2006, it sounds like you're
> saying.
>
> I couldn't quite believe it when I saw that feature comparison on the
> website. I could understand if Premier did more in that area than Basic
> (more planning tools and perhaps more comprehensive reports), but that
> chart, I feel, leaves a misleading impression that Basic and even Deluxe
> do not have investment capability.
>
> Steve


Posted by Steven Latus on November 7, 2006, 10:10 pm
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R. C. White wrote:
> Hi, Steve.
>
> While there are changes in the UI, I don't see any difference in the
> functionality of Q2007B from Q2006B.
>
> All the real functionality of Quicken is in the Basic version. The
> higher-priced versions add mostly advice, reprints of government
> publications (now available free on the Internet) and specialized
> reporting - and fluff. At least, that's my impression after about 16
> years of using Quicken and TurboTax. Their version names have changed
> over the years; many of the functions (depreciation, payroll, etc.) in
> the current Home & Business versions could be very helpful to small
> business owners, but I'm only guessing about those since I haven't
> looked at them in over a decade.
>
> The one thing that I miss in the Basic version is the Tax Planner. But
> that suffers from so many weaknesses imposed by the nature of our
> changing tax laws that its usefulness is limited, anyhow. Since most of
> the actions I need to take come at the end of the year, I usually just
> wait until the first version of TurboTax hits the street. Then I load
> that and import my year-to-date numbers and see what I need to do before
> year-end. But, as I said, my situation has become much simpler since I
> retired. My practice definitely will NOT fit everybody.
>
> RC

We just downloaded Quicken Basic 2007 in our office today (no choice - a
client had just sent us his data in Q2007 format) and I saw that it does
indeed have the same investment functions as Q2006.

We're gonna have to get used to that new-age color scheme, though. ;|

We use BNA for tax planning so we don't need that functionality in Quicken.

Steve

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