[comp.sys.ibm.pc] Quicken? Anybody?x

gph@hpsemc.HP.COM (Paul Houtz) (01/03/89)

    I just found out about a program called Quicken(R), that is produced by
a company called Intuit, 540 University Avenue, Palo Alto, CA.

    Has anyone out there seen this product, bought it, used it?   Anyone
ever seen a review of it.

    In their ad, the claim the following:


    1.   It does all the accounting for a household or small business

    2.   Prints itemised lists supporting tax deductions

    3.   Prints income and expense reports and P&L, budget vs actual, etc.
 
    4.   Stores all checks.

    5.   YOu can order check blanks, load them in your printer, and it will
         Automatically print the checks for recurring fixed expenses, and 
         will cut manual checks as well.


    It is only $49.95.   If I don't hear anything in a couple of days,
    (it is now 1/2/89), I will send for a sample copy and try it myself, and
    post the results to the net.   

    By the way, this software supposedly runs on IBM, Macintosh,  and 
    the Apple II.



Paul Houtz
HP Technology Access Center
10670 N. Tantau Avenue
Cupertino, Ca 95014
(408) 725-3864
hplabs!hpda!hpsemc!gph 
gph%hpsemc@hplabs.HP.COM

wilso_d@xanth.cs.odu.edu (DeWitte Wilson) (01/04/89)

In article <8090008@hpsemc.HP.COM>, gph@hpsemc.HP.COM (Paul Houtz) writes:
> 
>     I just found out about a program called Quicken(R), that is produced by
> a company called Intuit, 540 University Avenue, Palo Alto, CA.
> 
>     Has anyone out there seen this product, bought it, used it?   Anyone
> ever seen a review of it.

A friend of mine bought it and was showing it to me -- NEAT! It looks a
lot like the PFS Professional Series, although I don't recall that
PFS was made by Intuit.  It seems to work well, and has a good set of
documentation.  I just looked at one of the files that he was using, and
it looked like a journal (strangely, just like the ones that I keep on
paper - Date/Description/DEBIT/CREDIT/Balance).

...dewitte

ckaiser@cod.NOSC.MIL (Cliff Kaiser) (01/04/89)

In article <8090008@hpsemc.HP.COM> gph@hpsemc.HP.COM (Paul Houtz) writes:
>
>    I just found out about a program called Quicken(R), that is produced by
>a company called Intuit, 540 University Avenue, Palo Alto, CA.
>    Has anyone out there seen this product, bought it, used it?   Anyone
>ever seen a review of it.
>    It is only $49.95. 

I've seen it advertised for about $30.

I have used Quicken for several months now and I think it's great. It
does everything they say. The checks are expensive though. $28 for 250
checks and $20 for the windowed envelopes. (Less if you buy larger amounts).

But before you buy it, check out CheckFree. I just got the software from
a local BBS. I think it's available on SIMTEL. It costs $30 to subscribe
to the service and $9/month. Here's an excerpt from their DOC file....

CheckFree provides the ability to pay all bills and handle all routine
financial tasks electronically, easily, and quickly -- regardless of the
merchant or financial institution.
...
In fact, if you have ever used CompuServe, Source, GEnie, or Quantum
computer information services, you have already seen how efficiently
CheckFree works:  each of these companies uses CheckFree for their
monthly charges.
...
     2. The CheckFree system pays bills automatically through the
	consumer's bank account.
     3. Payments are sent anywhere in the U.S. using the Federal
	Reserve system of transmittal -- the system used from 
        coast-to-coast by U.S. banks.
     4. CheckFree provides the consumer with a completely automated
	checking account register.  Reconciliation with the bank
	statement can be done in a few easy steps.
     5. Regular monthly payments, such as mortgages or automobile
     	loans, can be paid automatically with CheckFree.  

CheckFree can be reached at 1-800-882-5280 (8-5 EST M-F). Ask for Electronic
Banking.

hburford@enprt.Wichita.NCR.COM (Harry Burford) (01/04/89)

In article <8090008@hpsemc.HP.COM> gph@hpsemc.HP.COM (Paul Houtz) writes:
|>
|>    I just found out about a program called Quicken(R), that is produced by
|>a company called Intuit, 540 University Avenue, Palo Alto, CA.
|>
|>    Has anyone out there seen this product, bought it, used it?   Anyone
|>ever seen a review of it.
**** some deleted *****
|>    It is only $49.95.   If I don't hear anything in a couple of days,
|>    (it is now 1/2/89), I will send for a sample copy and try it myself, and
|>    post the results to the net.   
|>Paul Houtz
|>HP Technology Access Center

I have a copy and it is GREAT!   You don't have to know anything about 
accounting to use it.    The display is much like the paper file that 
one would normally keep in a checkbook so you should already know how 
to use it.  As you enter checks, or I guess I should say transactions, 
you put a category designation in the memo line.   You can even 
make sub categories.    Some of mine go like:   @Utilities @Gas     or
@Utilities @Electric.     You can create categories on the fly and then
generate reports where everything is sorted on your choice of fields.
The book is pretty good and is divided into sections where one is devoted
to someone using the program in a home application and the other in a 
business app.      I hadn't ballenced my checkbook for about a year 
taking the bank statement as being correct.    I started with the 
current month and worked backward a month at a time reconcyling each
month and in just a couple of evenings, I had a couple of years computerized.
I've created other accounts too such as VISA, ect.    A friend of mine
even used his Quicken to make a CASH account and he uses it to tell him
how much money he has in is pocket.   Handy to tell you what categories
you spend your pocket change on.

Problems:   Accounts can not be interlinked.   If you make a house payment
say out of one account one month and then out of another the next month,
your reports will only show the individual account transactions and not
your house payment activity.   Inconvenient at end of year when you are 
interested in your payments and not account activity.    You can buy an
extra cost program that outputs your checkbook information to a spreadsheet.

The $49 price in your message is the list price I think.  I'm sure you could
get it for less if you shop around.
hb


-- 
Harry Burford - NCR E & M Wichita, Printer Engineering
PHONE:   316-636-8016                 Amateur Call:  KA0TTY
FAX:     316-636-8889
C-Serve: 76367,151                    Harry.Burford@Wichita.NCR.COM

johnl@ima.ima.isc.com (John R. Levine) (01/05/89)

In article <1346@cod.NOSC.MIL> ckaiser@cod.nosc.mil.UUCP (Cliff Kaiser) writes:
>But before you buy it, check out CheckFree. I just got the software from
>a local BBS. ...

I took a look at the Checkfree stuff from my local BBS.  The idea is decent,
you upload a list of checks to send and they send them.  On the other hand,
their software is very limited.  For example, the only identification you
can put on a check is a short character string.  If you want to pay two bills
with one check, tough.  (Not an exotic example -- my electric and gas bills
are paid together, as are the two bills that the phone company insists on
sending for my two phone lines.)  Also, it's not clear what sort of recourse
you have.  What happens if they fail to make a payment?  Can you get copies
of the cancelled non-checks, or whatever they are?  Also, the price seemed
rather high, even taking into account the money you don't spend on stamps.

CheckFree's main line of business is the opposite of what this package does.
For example, Compuserve has a bunch of subscribers that allow CheckFree to
write a check to Compuserve for each month's billing.  The risk is considerably
less there, because Compuserve has explicitly agreed to be paid by CheckFree.

So anyway, it's a neat idea but I'd be careful.  If anybody has actual
experience letting CheckFree pay their bills, I'd be interested in hearing
about it.
-- 
John R. Levine, Segue Software, POB 349, Cambridge MA 02238, +1 617 492 3869
{ bbn | spdcc | decvax | harvard | yale }!ima!johnl, Levine@YALE.something
You're never too old to have a happy childhood.

bhoule@se-sd.sandiego.ncr.com (Bill Houle) (01/06/89)

Well, we've got Quicken & CheckFree.  Now I just saw another one.
Anyone had any experience with MoneyCounts [Parsons Technology] ?
It is a money management/accounting program that retails for $29,
and they claim that it "has a proven track record, has been on the
market over four years, and is continuously receiving rave reviews."

+------------------------------------------+----------------------------------+
 Bill Houle                                |  Bill.Houle@sandiego.ncr.com
 NCR Corporation                           |  bhoule@se-sd.sandiego.ncr.com
 Systems Engineering - San Diego           |  {nosc,ucsd}!ncr-sd!se-sd!bhoule
 9900 Old Grove Road, San Diego, CA 92131  |  (619) 693-5593
+------------------------------------------+----------------------------------+

byten@killer.DALLAS.TX.US (Keith Terry) (01/06/89)

I have been using the Checkfree system since October and it works fine.
Since my bank charges for each check I write but does not charge for 
electronic funds transfers, for each bill that I pay with Checkfree I save
the .20 check charge as well as the .25 stamp. Since I can use up to 20
transactions without incurring any additional charges, I can break even each
month on their $9.00 Checkfree service charge. The service is highly reliable
and gives you slightly more control over when you pay your bills. The software
is slow and kludgy but it gets the job done and is only the first release. On 
a scale of 1 to 10 I'd rate Checkfree a 7.

                                     Keith Terry

furlani@broadway.UUCP (John L. Furlani) (01/07/89)

In article <1727@se-sd.sandiego.ncr.com>, bhoule@se-sd.sandiego.ncr.com (Bill Houle) writes:
> Well, we've got Quicken & CheckFree.  Now I just saw another one.
> Anyone had any experience with MoneyCounts [Parsons Technology] ?
> It is a money management/accounting program that retails for $29,
> and they claim that it "has a proven track record, has been on the
> market over four years, and is continuously receiving rave reviews."

I've used it just a little and, expecially for the price, it is fantastic.
A friend recommended it to me, says he uses it heavily and loves it.
I'd recommend it to all.

____________
John L. Furlani 
The University of South Carolina, Columbia SC
(...!uunet!ncrlnk!ncrcae!broadway!furlani)

allbery@ncoast.UUCP (Brandon S. Allbery) (01/09/89)

As quoted from <8090008@hpsemc.HP.COM> by gph@hpsemc.HP.COM (Paul Houtz):
+---------------
|     I just found out about a program called Quicken(R), that is produced by
| a company called Intuit, 540 University Avenue, Palo Alto, CA.
| 
|     Has anyone out there seen this product, bought it, used it?   Anyone
| ever seen a review of it.
+---------------

I've got the Mac version, and use it almost daily.  Nice program.

+---------------
|     1.   It does all the accounting for a household or small business
+---------------

Yes.  It has pre-defined "categories" (AKA G/L accounts, but the names are
NOT standard G/L account numbers) for personal and small-business use, plus
a means for defining your own categories.

+---------------
|     2.   Prints itemised lists supporting tax deductions
+---------------

Yes.

+---------------
|     3.   Prints income and expense reports and P&L, budget vs actual, etc.
+---------------

I don't use this, but I think it's supported.

+---------------
|     4.   Stores all checks.
+---------------

Yes.

+---------------
|     5.   YOu can order check blanks, load them in your printer, and it will
|          Automatically print the checks for recurring fixed expenses, and 
|          will cut manual checks as well.
+---------------

Yes.  Sample (voided) blank checks are provided with the program, and (on
the Mac version at least) there is an option to print an order blank for
checks.

I haven't successfully printed checks with it, but the Mac version only
supports the Imagewriter whereas my printer is an Oki 390 with a Grappler to
emulate the Imagewriter LQ... the resulting mess generally hangs my Mac.
It'd be nice if they'd fix that, but I don't see myself printing checks for
personal use anyway.  I assume the DOS version will work with most common
printers.  (Mac printer support is a bit strange anyway.  Sigh.)

Disclaimer:  I have no connections with Intuit, except as a satisfied user of
	Quicken.

++Brandon
-- 
Brandon S. Allbery, comp.sources.misc moderator and one admin of ncoast PA UN*X
uunet!hal.cwru.edu!ncoast!allbery		    ncoast!allbery@hal.cwru.edu
 ncoast is registering as "ncoast.org" -- watch for the official announcement!
      Send comp.sources.misc submissions to comp-sources-misc@<backbone>.

allbery@ncoast.UUCP (Brandon S. Allbery) (01/10/89)

As quoted from <431@enprt.Wichita.NCR.COM> by hburford@enprt.Wichita.NCR.COM (Harry Burford):
+---------------
| I've created other accounts too such as VISA, ect.    A friend of mine
| even used his Quicken to make a CASH account and he uses it to tell him
| how much money he has in is pocket.   Handy to tell you what categories
| you spend your pocket change on.
+---------------

I considered doing this, but it's hard to backfigure e.g. sales tax at a
store (i.e. the corner Convenient) which doesn't give register receipts.

+---------------
| interested in your payments and not account activity.    You can buy an
| extra cost program that outputs your checkbook information to a spreadsheet.
+---------------

I think I'd complain if I were you.  The Mac version comes with the ability
to "print" reports to a SYLK (Multiplan) format file.  (It also claimed to
come with some HyperCard report stacks, but I've yet to find those on the
disk or in the package....)

++Brandon
-- 
Brandon S. Allbery, comp.sources.misc moderator and one admin of ncoast PA UN*X
uunet!hal.cwru.edu!ncoast!allbery		    ncoast!allbery@hal.cwru.edu
 ncoast is registering as "ncoast.org" -- watch for the official announcement!
      Send comp.sources.misc submissions to comp-sources-misc@<backbone>.