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So far, good financial software for Macs is like the holy grail. Everyone wants it, but no one can find it. That said, you might start by checking out 'Best' is relative. If all you want to do is keep a transaction register, almost any of the apps will suffice.
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But if you want to do meaningful recordkeeping and reporting, print checks, tax categorization, etc. They are all very limited.
Last month I installed iBank and Moneydance on my Mac to evaluate the current versions of each. Even though they are the best of the lot, they still have a long way to go to be truly useful. Still sadly lacking critical features. There seems to be more emphasis on having a pretty UI than on capabilities. Tax category support is useless to nearly non-existent. Reports are very basic with very limited customization. And check printing setup is a disaster.
I'm still using Quicken Home & Business on an aging pc (sigh, just upgraded to Quicken H&B 2012) because there is nothing even remotely comparable to it on Macs. Following up on Martin's post. I've been using iBank since July as a test and I cannot recommend it. I don't understand why so many people view it as best of breed. The application is full of idiosyncracies put in by the developers that simply don't make sense.
Their knowledgebase is full of questions pointing out these quirks but they rarely offer solutions. As of this month, I'm going back to my previous soultion. As someone who needs to track a full personal portfolio (cash, checking, savings, 401k, Roth, active stock trades, and various loans), I'm still looking for a solution for my Mac. It continues to surprise me that there's no good software for a high value activity. I'm using iBank.
I switched from Quicken 2007 for Mac because it hadn't been updated and I wanted software that would accompany a switch to Lion or Mt. IBank has it's quirks. I schedule a lot of transactions.
IBank's scheduling regimen is far less helpful than was the similar regimen in Quicken. The major drawback for me is the lack of 'category reports' as summaries for 'detail reports'. All in all, however, it generally does what I want it to do and I have found ways to work within what's quirky. It ain't 'great', but it does work for me.
It really is unfortunate that there isn't an excellent personal finance management product for Mac out there. TD Bank lost connectivity to Quicken 2007 2 months ago and there has been no progress on restoring it. I've been entering all my transactions manually since then and then this week my Quicken 2007 data file became corrupted and I've lost all data back to August. Just cannot figure out how to get it back and did not know that you must do periodic file maintainance to guard against corruption. I am fed up with TD Bank and fed up with Quicken and going to look somewhere else. IBank looks most popular and seems to have a way to get transactions even if bank downloads fail. That might work.
I did some research last spring, including reading the MacLife comparisons and made the mistake of choosing iBank. I used Quicken for years and was very happy with it, but heard stories that the Lion version wasn't good.
Well, I have no idea whether that is true, but I really don't like iBank. You can't even void a check with it, its reports suck, it is hard to navigate. It really has few redeeming qualities. So I'm hoping someone with recommend something decent, even though it is a pain to switch. Again, I repeat, I HATE iBANK!!! This is a bash on Quicken reply. I have struggled with Quicken (currently Q07) for many, many years (back into the 90's).