Quicken Essentials for Mac is Intuit's upgrade from Quicken Mac 2007. Although the user interface is more Mac-like compared to previous versions of this personal finance software, Quicken Essentials for Mac lacks some of the features offered in those earlier versions.

• Jun 25, 2019  Note for Quicken Mac 2015 users: If you purchased Quicken Mac 2015 from the App Store, your update procedure has changed. Updates are no longer distributed through the App Store. Visit the Quicken support page for information on how to.
• Our website provides a free download of Quicken Essentials for Mac 1.7.4. This program was developed to work on Mac OS X 10.6.6 or later. The actual developer of this software for Mac is Intuit Inc. Our antivirus check shows that this Mac download is virus free. The program is sometimes referred to as 'Quicken Essentials'.
• Intuit is missing a big market share by not addressing this void on the MAC side. If you are looking for a basic electronic checkbook, this is a good choice. If you are a number/accounting person, you'll be frustrated with the lack of power this version Quicken has.

Great for Financial Basics

Any newer version of Quicken Mac will convert your Quicken Essentials data file. Personally, and this is just my opinion, I would look to see if you can find someone selling Quicken Mac 2017 on eBay or another outside retailer. This will allow you to download transactions until April 30, 2020, if you are doing so. Jun 25, 2019  Quicken Essentials for Mac is Intuit's upgrade from Quicken Mac 2007. Although the user interface is more Mac-like compared to previous versions of this personal finance software, Quicken Essentials for Mac lacks some of the features offered in those earlier versions.

If you're Mac user who is new to personal finance software, Quicken Essentials may just be enough for you. But, if you switch to another software later on, you may not be able to get your data to import into other software and you would have to enter transactions all over again (however, iBank 4 imports Quicken Essentials for Mac data). If you just need very basic personal finance software and doubt you'll have a need more money management features in the future, Quicken Essentials is worth a look.

The software retails for around $50, has no free trial, but does have a 60-day money back guarantee.

Setting Up Quicken Essentials

Find out where to get user guides, training, and pro advice for QuickBooks Desktop. Whether you’re a new or experienced user, these resources will give you the answers you need for QuickBooks Desktop. Quicken 2019 for Mac imports data from Quicken for Windows 2010 or newer, Quicken for Mac 2015 or newer, Quicken for Mac 2007, Quicken Essentials for Mac, Banktivity. 30-day money back guarantee: If you’re not satisfied, return this product to Quicken within 30 days of purchase with your dated receipt for a full refund of the purchase price.

Quicken Essentials was very responsive, screens opened when called and data updated quickly. Everything in the software is bright and colorful, from the overview screen to spending category selection in the budget. This aspect of the software makes it really enjoyable to use. Pie charts and bar graphs are used to convey information at a glance. Click on these graphics to drill down and see the transactions or accounts that make up the graph. The visuals are nicely done and never pokey, with boxes that flip open with options to be chosen.

Getting set up is relatively fast, but depends on how many financial accounts you plan to track. I set up an investment account, checking account and three credit cards in about eight minutes. If you don't have an Intuit account (created when ordering software or participating in user forums on the Quicken website) you are required to create one before you can add your financial accounts.

Speaking of adding accounts, the three credit cards I set up are all at one financial institution and Quicken Essentials recognized this so transactions for all cards were downloaded at once. I usually have to establish each of these accounts separately in the personal finance software. Account balances are found by clicking on Account Summary in the left toolbar, and account registers are accessed by clicking on the accounts listed in the same toolbar. To find a list of payees, categories, and tags, click on Window on the top toolbar.

Account Registers and Transactions

Account registers look similar to what you'll find in other personal finance software. Transactions can't be added directly into the register as is the case in Quicken for Windows, instead, you must click on the New button in the toolbar at the bottom of the register. Creating a split transaction is a two-step process, which seemed odd: first, click the New button, then click split on the bottom toolbar. Create a scheduled transaction from that toolbar as well.

Downloading account transactions is a fast and smooth process. To save time, Quicken Essentials will automatically apply spending categories and tags to downloaded transactions based on previously entered transactions. If you don't want the automatic categorization, turn it off in the preferences.

Also in the preferences, you can tell Quicken to automatically assign a category or tag if it can't automatically categorize transactions, but I recommend selecting the Do Nothing option. Then, after transactions are downloaded, scan the register for uncategorized transactions so you can properly categorize them, and in the future, Quicken Essentials will use that category for similar transactions.

Quicken Essentials has the attachments feature found in the Windows version. Using it is easy enough, but I was confused that there was no icon for the feature on the register toolbar or from a line in the register itself. To attach an image to a transaction, click on Transactions from the top toolbar, then select Add Attachment.

Security

The option to set a password to protect your data file is found in the Preferences menu. I recommend setting a password to keep your financial information secure and because Quicken Essentials stores usernames and passwords for banking and other financial accounts. Be sure to choose a solid password to keep your data safe.​

Reports

Quicken Essentials comes with six reports which are listed on the left toolbar, with very basic customization options. If you used Quicken for Windows or are a financial report hound, you're not going to be happy. Options included the ability to select accounts, categories, and tags to include in the reports and the date range can be changed. There is no budget report that shows month to month budgeted amounts compared to actual spending, you will only find a bar graph available in the budget module.

The Budget Tool

Setting up the budget is easy in Quicken Essentials for Mac. When you first open the budget feature, spending goals per expense category are recommended based on a three-month average of your downloaded transactions. You can change the goal amounts and add goals for that the automatic budget doesn't pick up, or remove categories you don't want to track. That's about all there is to budgeting in Quicken Essentials. As noted above, there is no comprehensive budget reporting. If keeping a more detailed budget is important to you, try iBank 4, You Need A Budget or MoneyWell.

Converting Data

Quicken Essentials has a conversion feature for data from Quicken for Windows, Microsoft Money, and older Quicken Mac versions. The conversions work reliably and require that you export data first from the previously-used software. Quicken Essentials has a limited number of reports and does not have a regular investment account register, so depending on the software you're exporting data from, some information won't transfer over.

Income Taxes

If you track tax-related budget categories, you can export data for use in any tax software that supports the TXF file format, and most if not all do. To export data to tax software, categories are assigned to tax line items found on IRS tax schedules and forms used for your tax return. It is critical that these assignments are made properly. At the end of the year, click on Tax Schedule found in the toolbar under Reports, then select Export Taxes. This produces a TXF data file, which is then imported into tax software (the tax interview will ask you for it).

Notable Features

• Slick user interface with crisp graphics.
• The all your accounts in one place.
• Easy to use.
• Easy access to Quicken Live Community for help.
• Comprehensive help manual (PDF).

Weaknesses

• Budget feature is overly simplified and there is no planned vs. budgeted spending report other than what you see for any given month but the bar graph in the Budget feature.
• No individual transaction support for investments, although account totals update.
• No Quicken Bill Pay.
• No mobile app or integration with Mint.com.

Bottom Line on Quicken Essentials

The great thing about this personal finance software is that it has speedy downloads from a huge selection of financial institutions, and it actually looks and behaves like a Mac application, unlike earlier versions. Unfortunately, Quicken Essentials for Mac also lacks some of the features users counted on in earlier Quicken Mac versions, but Intuit is still supporting Quicken Mac 2007. If you need the bill pay, investment and other features in Quicken Mac, you should probably keep using it and wait for Quicken Essentials features to expand before you switch.

If you are a Quicken Windows user who has switched to a Mac, you are unlikely to be satisfied with Quicken Essentials, which doesn't have business features, a lifetime planner, integration with rental property, a more sophisticated budget, a debt reduction or tax planner. You could use software to run Windows on your Mac with Quicken for Windows or try one of my other picks for Mac personal finance software.

If you're looking for reliable but simple personal finance software for your Mac, then you will probably like using Quicken Essentials. The software retails for $50 but there are some great Quicken Essentials for Mac deals to be found online.

Software updates are free downloads that fix problems, improve data security or add new features—and sometimes all of these. Quicken software is regularly updated, and you can install these updates easily using the One Step Update feature. Sometimes One Step Update may not work, however. In this case, you can manually download and install Quicken updates. You do need an internet connection to download updates. (You can use this tutorial for downloading either Quicken for Windows or Quicken Mac software updates.)

Using One Step Update in Quicken

Quicken updates are free, and Quicken may tell you an update is available when it starts up. You can usually use One Step Update to check for and install updates. It's simple to use One Step Update in Quicken. Follow these steps:

1. Select Tools on the Quicken menu.
2. Select One Step Update.

If there is a Quicken software update available, a window will open that explains what is included in the update, as well as instructions for downloading the update. Running an update requires that Quicken is exited—your work will be saved when closing Quicken.

What to Do If One Step Update Doesn't Work

There may be a situation in which the One-Step Update process does not work. You can still update Quicken by following the manual update process, however. First, check the version and the release number of the Quicken software you're using. If you don't know this, you can verify the version of your Quicken software and the release number by following these steps:

1. Select Quicken on the menu.
2. Select About Quicken.
3. A window will open with details on the version of Quicken you're using.

If you attempt to install an update when you already have the latest version, don't worry. You will receive a message confirming that you're already running the latest version.

Quicken Updates for Mac

Updates for Quicken on the Mac cannot be manually downloaded in the same way they are for Windows (see below). To update Quicken on the Mac:

1. Select Quicken on the menu.
2. Select Check for Updates.

Quicken will check for the latest Mac updates and prompt you to start the update process.

Note for Quicken Mac 2015 users: If you purchased Quicken Mac 2015 from the App Store, your update procedure has changed. Updates are no longer distributed through the App Store. Visit the Quicken support page for information on how to update Quicken Mac 2015 without using the App Store.

Quicken Essentials For Mac Update

Manual Quicken Updates for Windows

Once you know your version and release number, follow these steps:

1. Visit the Quicken Update Index. Here you will find Quicken versions by year for both Windows and Mac. For Mac users, you will only find release notes here; to download the latest update, follow the instructions in the previous section under 'Quicken Updates for Mac.'
2. Select your Quicken version year beneath the operating system of your computer. For example, Windows users with 2016 version look under the 'Supported for Windows' column and select 'Quicken 2016.' It will take you to a page listing the release notes, which detail the fixes, changes and new features included in the latest update.
   If you do not see your version of Quicken listed, this means your version is older and no longer supported. In this case, you will have to upgrade your software, which usually means buying a new version of Quicken.

Quicken Essentials Update

1. Select 'Manual Update' for steps to install the update. You will find a 'click here' link. Select the link to download the update file. You will be prompted to save the file to your computer. Save it to your desktop, or another location but be sure to note the alternate location so you can find the file after the download is completed.
2. Close Quicken if you have it open. Locate the update file you just downloaded. Double-click the file name to start the update process. Follow the prompts to complete the update.