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quicken 2008--is it worth the upgrade from 2007?

 

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Subject Author Date
quicken 2008--is it worth the upgrade from 2007? montshire 12-30-2007
Posted by montshire on December 30, 2007, 4:01 pm
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are there any significant improvement esply in the reporting function,
which i find very user unfriendly.

Posted by Stewart Berman on December 30, 2007, 4:48 pm
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If you use classes to separate personal and business transactions
Quicken 2008 kills your business reports. It implements a "feature"
that for a category to be used in a Profit and Loss report it must be
mapped to a business tax line (i.e. a line on a Schedule C). This
also means you cannot use the same categories for personal and
business tracking. For example if you have a category "Automobile
Exp" with subcategories for repairs, fuel, etc. You cannot use
classes to allocate between personal and business use (i.e. allocating
via a mileage log).

So if you're looking for improved reporting don't go to 2008.

montshire@gmail.com wrote:

>are there any significant improvement esply in the reporting function,
>which i find very user unfriendly.


Posted by John Pollard on December 30, 2007, 9:41 pm
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Stewart Berman wrote:
> You cannot use
> classes to allocate between personal and business use (i.e.
> allocating
> via a mileage log).

One wonders why you would be including your business
transactions in the same file with your personal transactions.

--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup



Posted by The Streets on December 31, 2007, 7:28 am
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> Stewart Berman wrote:
>> You cannot use
>> classes to allocate between personal and business use (i.e. allocating
>> via a mileage log).
>
> One wonders why you would be including your business transactions in the
> same file with your personal transactions.

A few of the reasons I do it ...
- Get a single, complete tax schedule report with both 1040
and Schedule C forms
- Download all bank and credit card info at the same time
(I have separate business and personal accounts, but they
are at the same institutions)
- Ease of moving funds between business and personal accounts
- Split transactions where a single purchase (e.g. at Home Depot)
may have both personal and business items
- Don't have to waste time switching between files



Posted by Oilcan on December 31, 2007, 3:32 pm
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Stewart,

As much as you can complain, you upgrade with a choice. As much as anyone
can test - you will not find all of the bugs (or enhancements that you don't
like).

Quicken's reporting does need to be more robust. Perhaps this feature you
don't like is a movement towards that. Sometimes you have to pay the price
to gain.

Oilcan
> If you use classes to separate personal and business transactions
> Quicken 2008 kills your business reports. It implements a "feature"
> that for a category to be used in a Profit and Loss report it must be
> mapped to a business tax line (i.e. a line on a Schedule C). This
> also means you cannot use the same categories for personal and
> business tracking. For example if you have a category "Automobile
> Exp" with subcategories for repairs, fuel, etc. You cannot use
> classes to allocate between personal and business use (i.e. allocating
> via a mileage log).
>
> So if you're looking for improved reporting don't go to 2008.
>
> montshire@gmail.com wrote:
>
>>are there any significant improvement esply in the reporting function,
>>which i find very user unfriendly.
>


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