Unless you were filing a 1040 EZ form, previous versions of Quicken’s tax planner were fairly limited when it came to predicting your future tax liability.
But, overall, the account setup process was completely painless, and all future updates can be set to download automatically. There were some minor tasks to do: I had to categorize each of the imported transactions and change the payee information on some paper-check transactions. (Note that the New Account Assistant feature requires a subscription to your bank’s online banking system, which may result in a service fee.) Using the New Account Assistant feature, I was able to select my bank, choose each of the bank accounts that I wanted to track in Quicken-eight in all-and import all my banking information in less than five minutes. With this release, setting up accounts is as simple as clicking on a button, as long as your bank is one of the more than 1,100 banks that support Quicken. Fast Account Setupīefore this version, the bane of any new Quicken user’s existence was the account setup process, which required that you collect all your bank statements and manually enter past transactions to bring your Quicken checkbook up-to-date.
But if you’re still balancing your checkbook with a pen and a calculator, Quicken 2005 has just made it much easier to move to digital accounting.
With a slew of features that let you track everything from how much money you spend on Pop-Tarts to your current net worth or how much you’ve racked up in ATM fees, Quicken can tackle the ordinary, the unusual, and everything in between.Īs is often the case with applications that already seem to do everything, there’s little in the latest release that will entice existing users to upgrade.
There’s no better application than Quicken for manag-ing your personal finances.