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I are already downloading my debit card transactions from Chase in iBank using Direct Connect for many years. iBank and Quicken makes use of the same OFX protocol for Direct Connect, therefore, if Chase says they support Quicken, and not iBank - just actually tell them you are using Quicken. The latest version of iBank 4 gives you an advanced setting inside Preferences pane that permits you to choose how we want iBank to spot itself as when connecting on the bank. Youll desire to choose Quicken Windows 2011. Hope this will assist!
Yes, iBank 4 connects with Chase - in addition to many other banking institutions online - via direct downloads. That means you are able to set up banking account with the bank to allow the automatic downloading of one's most recent transactions straight to iBank. Typically, transfers will be in one of two formats QFX or OFX regularly used with MS Money or Quicken. The developer of iBank, IGG Software, has a set of supported banks on its website.
For banks which don't support direct downloads, iBank also supports web downloads. You can use iBanks built-in browser to navigate to your money without leaving the app, then download current transactions within a file that may be easily imported to iBank. IGG has a short video tutorial online to show you how you will set up is the reason for importing your banking data.
Yes it truly does work. Chase doesnt officially support it but iBank all you could have to do is join and it downloads all of the transactions. Its as simple as any with the methods other financial applications for Macs use.
Chase will be the largest bank in the plus it seems strange that Chase is listed like a Direct Download in iBank 4 just be sure call the Chase number inside iBank popup box, Chase lets you know that not only do they really not support iBank4, but additionally that they have any intends to do so. To have to try to find a workaround for limited functionality is basically not acceptable. Thus, in my view iBank is unsuitable for Chase customers.
No it doesnt based on Chase. While you are able to download and import your data to iBank, the Direct Connect feature just isn't supported by Chase. What this means is you can not drop your web banking through Chase and merely use this application. You still require back and download/import data unto the iBank.
I got off the phone with my local Chase bank and so they told me that iBank is one thing they will not use.
It familiar with work for me speculate going to Lion, it doesnt appear to work anymore. I only agreed to be going out towards the forums to view what changed.
This is an extremely late answer, however in case someone else finds this thread with a web search like I
I was obtaining the same problem, so I called Chase, along with the rep informed me to log on to my Chase account normally using the web, go through the Customer Center tab, then go through the link which says Activate Quicken, QuickBooks, etc.
Once I did that, iBank worked perfectly. However, before that I had also followed the recommendations of going for the Preferences and selecting the option to possess iBank identify itself as Quicken for Windows 2011, therefore, if simply clicking the connection doesnt benefit you, also perform that step.
I dont believe this is correct. I just create IBank 4 and may not download my Chase account. I called Chase along with the rep. declared that Chase only supports Quicken and never IBank. They said these folks were working on it. If anyone knows it not to become the case, please give a way to download from Chase. Thank you.
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Import from Quicken to possess your accounts, transactions, categories and investments ready and waiting for you personally. Or begin with scratch - iBank s streamlined setup assistant may have you planning no time. video tutorial
iBank 5 offers improved bank connections for direct downloads. Optionally, Direct Access gets updates from thousands more banks, and shares that data with iBank for iPad and iBank for iPhone, too. video tutorial
iBank 5 delivers online bill pay to put in place, schedule and send payments, track those transactions, and categorize the costs. Requires an OFX account connection; consult with your bank for availability. video tutorial
With advanced budgeting tools, you may build savings, view your spending habits, monitor daily progress, incorporate scheduled income and bills, compare goals vs. results, and sync budgets to iBank for iPad. video tutorial
Track your spending patterns: assign categories or sub-categories to each and every transaction, use enhanced import rules for speedy categorization, and split transactions multiple methods for detailed budgeting and reporting.
Cloud sync done efficiently: device-based, end-to-end encryption so nothing gets sent or stored insecurely. Its the very best model for the true cloud sync experience and its particular free! video tutorial
iBank can make it easy to determine your whole financial picture on iPad, iPhone and Apple Watch. Our private Cloud Sync seamlessly keeps everything informed.
Personal finance apps to make your life less difficult and your future slightly brighter.
Free 30-day trial. Purchase for 59.99 that has a 90-day guarantee.
Minimum OS requirement is 10.9. Works great with Mac OS X 10.11 El Capitan.
November 24, 2015 10 Comments
I really don t like going almost a year between web sites. The last time I wrote from my office in Vermont, there have been plenty of summer crickets chirping away. Today, as we approach Thanksgiving, the temperatures have dropped substantially there's still thick frost within the shady areas in the grass. I ll reiterate what I Read More
If you'd like you had an even better handle on the finances, get iBank 5 for Mac. 20% off sale ends at nighttime EST. /xhqFn1MsfW
An honest email list, opt-in or out anytime. Email is not shared.
IGG supplies a 90-day virtually risk free guarantee.
At IGG Software, we pride ourselves on providing first-class customer support via our website and live chat. If you may need help, please follow these steps to eliminate your issue.
Help files not searchable in 4.7
In ZMK Zambian Kwacha currency account, decimal numbers following your, are dropped
Cant open attachments within transactions in iBank 4.6 and Mac OS X 10.7.x
Unable to import some OFX files into iBank 4.6
Added a chance to view, trust, reject unknown certificates in built-in web browser
Fixed a collision when direct downloading huge amounts of data from some banks, including Wells Fargo and Chase
Fixed a great investment transaction bug where certain numbers 75.579 would change their decimals when put into the price or share fields in Mountain Lion only
Fixed a bug where CSV files with negative amounts would imported as 0.00 together with the system region set to Swedish
Fixed a bug that prevented sync setup with iBank for iPad 1.1 running in iOS 6
Fixed a bug where quotes in memos would sync to iBank Mobile as quot;
Source metadata is nil. bad, cant migrate when upgrading from 4.3.5 to 4.5
Save As command fails in Mountain Lion, really should be removed
iBank 4.5 sync stalls when conflict resolver is needed
Cant start OFX debugging in 10.8
Error during WIFI sync the file couldnt be removed after upgrading to 4.3. 4
Some data WIFI synced in the past versions crash when syncing in 4.3. 4
When shorting an alternative, percent gain is displayed as positive but needs to be negative
When exporting multiple accounts to TXF, iBank includes transactions outside requested tax year
Deleting Scheduled Transactions in 4.1.2 caused iBank to crash
After quitting in full-screen mode, iBank launches in windowed mode Lion
About box still describes IGG Software, LLC. Should be Inc.
Update from iBank 3.5 fails in Lion
Currency symbol required when entering amounts in 10.5
Swiss Franc transactions round to nearest.05
Budget Crashes When Amount is Nil?
Dont remove hidden accounts from reports, smart accounts, etc.
Alert for duplicate account names only mentions accounts, not categories
Cant Migrate from V3.5 Data File
Streamlined, more intuitive interface
Simple, reliable Quicken and MS Money import
2010-2011 IGG Software, Inc.
you give attention to what you do best,
Business Loan Options right when you need it.
All in once place when you want it.
iBank will monitor your monthly numbers so you may do whatever you do best.
Trying to offer your business or attract investors? iBank can advice the way.
iBank can professionally package your numbers and introduce you to your best business loan in your case and your small business.
Served over 1.2 million businesses within US
Have a 30, 000 foot look at all your financials in a single place
Easy to study monthly financial statements along with full integration into QuickBooks Online. Simple Easy.
Whether you would like corporate taxes prepared or perhaps your personal taxes prepared, iBank can sort out both.
Once your financials will be in order, iBank will introduce you on the best lender for your requirements.
When that you are ready to offer your business or attract investors, iBank will provide you with the accurate valuation within your business.
iBank works together some of probably the most forward thinking and efficient technology partners inside the US that permits us to own some of one of the most dynamic customers within the country. Whether you're looking for just a business loan, business plastic card, or working capital, iBank has got the knowledge and relationships to acquire funded.
Buying your house you work outside of has huge tax benefits and may also build extended equity for you personally and your organization. iBank may help!
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iBank will prepare your monthly profit statement so you are able to see how cash moves in your company.
iBank can tell you where that you are showing revenue or a loss to your services every month of the year.
iBank will disclose how much cash you've got left inside the bank for each and every month that you are doing business.
iBank may be managing my books for a long time and even a few of my clients books. They have for ages been professional and timely with me.
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Event Planner, Storz Brewing Company
We can be a non-profit and needed special bookkeeping needs. iBank surely could entertain that which you needed and wouldn t recommend another firm to deal with our financials!
At iBank we promise you'll like whatever you see. Since 1998 we happen to be on the side of small busines now the time is yours!
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4.0 away from 5 stars Seems to be an excellent substitute for Quicken
By Chicago Gal on February 6, 2014
Ive just come over to your dark side and obtained a Mac after using Windows since its inception. Windows 8 was only too horrific. Like most PC converts, I discovered there wasnt anything approaching a reliable version of Quicken designed for Macs. So after investigating the thing that was out there, iBank 5 had the top reviews and I chosen to try out the trial version. Based on what Ive seen thus far, I will probably purchase it. What I discovered straight away was if you desire to get the most from this software, you could have to commit for the discomfort of learning to use it. iBank seems to be a great substitute for Quicken, nevertheless the icons and menus are not the same. However, while using user manual, the tutorials, and Google mission to find articles and help-boards, you are able to easily work out how to use iBank. Here undoubtedly are a couple problems I solved, in the event that will assist anyone.
When you might be creating your QIF data file to export from Quicken to iBank, be sure to select all accounts near the top of the drop down menu. Otherwise it is going to just transfer one account. Quicken preselected just one single account. Also, the land open your bank account in iBank, every one of the transactions is going to be cleared however, not reconciled. To solve this, accomplish a reconciliation that starts with your accounts original opening date and balance and everything should easily reconcile. It took me below ten minutes to assume this out after which reconcile my main banking account. Also, when I exported new transactions from my banks website, using QFX files, iBank wouldn't automatically open and let me to import the file as explained iBank. I were required to first save the QXF file and after that go on the main menu and select either File or Account, then Import, then the QXF file. But it turned out relatively fast once I figured it. Or you may pay for the subscription to iBank that may then will download your transactions automatically from your complete banks.
By far probably the most difficult thing was creating check printing. I have a costly supply of Intuit checks for just two of my accounts and I would like to continue using them. With so many people switching from Quicken, the giant, you could possibly expect a print setting for Quicken checks, but no. And Google searches didn't turn up these measurements. I had to pick custom checks and employ a trial and error approach. Skip this should you not care. I hope in order to save others what I have. First you must put inside the check size, playing with pixels as opposed to inches. It took a number of Google searches to master inch to pixel conversions so I could size the checks correctly. Next, edit the superior check by dragging each section date, payee, etc. to where you want it to be. The other two checks automatically adjust. When you move an area, you'll be able to see measurements which now often be in inches - go estimate small numbers above it. Both height and width measurements change when you drag. This was somewhat difficult. Just when you invest in the height right, it changes when you adjust the width placement. I deducted a star from my review just due to your head-ache of creating checks to print. My final measurements for check size were Height: 205 pixels and Width: 612 pixels. Date is a 7.02 towards the right and.26 inches down. Check amount is a 6.7 and.63. Payee is 3.0 and.60, amount in long-hand is 2.78 and.90. Memo is 2.8 and 1.8. You can have to earn some slight adjustments depending in your font size. I found that printing an evaluation check and after that eye-balling tips on how to adjust it turned out easier than wanting to measure placement using a ruler.
Update to Review: At the end in the trial period, I decided to never purchase iBank and to carry on using Quicken on my small older computer while hanging around hope that Intuit will ultimately get its act together and issue a Mac version. I do financial benefit several individuals who all use Quicken, so I really cant escape from it unless all of them switch too.
3.0 away from 5 stars Better Than Previous Version
By Goldrush on December 5, 2013
Like many more, I bit the bullet and moved at a Windows PC using Quicken into a Mac, and initially picked iBank 4. Had been using Quicken for approximately 10 years and iBank4 for 1 . 5 years. Recently, I upgraded to iBank 5 where there are definite improvements in downloading investment transactions - - now gets commission right, and also option transactions; didnt in the past version - - definitely worth the upgrade fee exclusively for that.
I obtain the iBank interface being non-intuitive - - especially the reports. In fact, I discover the reports to get so useless, that I don't utilize them. For instance, the Investment Portfolio Report ignores cash balances, therefore if you trade at all along with your cash levels vary, you cant view your performance in the helpful way with time. I just generated a Net Worth chart that features a lovely bar chart, but unfortunately every one of the bars are relatively a similar size because my net worth is high scale issue, so when I mouse over it, no numbers arrive, so I cant tell whether Im up or down. And BTW, the Net Worth figures are wrong, because software is just not picking up a CD a single of my stock investment accounts. The other investment accounts show correct values.
iBank 5 is only okay, and Ill keep it going because the register portion is useful along with all the downloads from my banking companies - - automatic each and every time I restart it. In addition, my loan companies now provide end of the season Capital Gains reports to import into my Tax Returns - - matches whatever they send on the IRS, and so the fact how the iBank 5 Reports dont work with me is not any big deal - - only a minor annoyance after all this.
But I long for that Quicken days when I could generate a custom report within a minute for the particular need, and I cant do that while using iBank product.
In short, Id recommend receiving the trial completely from the iBank people, to make an effort to see if it truely does work for you, because several of the features work efficiently - - plus they might be exactly the features that you'll need. Besides iBank could be the only MAC game around, unless you desire to run a Windows partition - - ParallelsQuicken.
Update: For about a final 6 months, Ive been using the revolutionary Quicken 2015 for MAC thats offered at the Apple App Store and Amazon. The current version is often a reasonable and an excellent start, even though not as functional yet because PC version, each update each month or two gets better. The look and feel is excellent, along with the latest version will import and convert iBank files in accordance with release notes. Reviews for this product are mixed - - while I think it is useful, others dont. So you may desire to check out reviews, features prior to buying.
Like numerous others, I bit the bullet and moved coming from a Windows PC using Quicken into a Mac, and initially picked iBank 4. Had been using Quicken for approximately 10 years and iBank4 for 1 . 5 years. Recently, I upgraded to iBank 5 there are definite improvements in downloading investment transactions - - now gets commission right, along with option transactions; didnt in past version - - really worth the upgrade fee just by that.
I chose the iBank interface being non-intuitive - - specially the reports. In fact, I obtain the reports to get so useless, that I avoid them. For instance, the Investment Portfolio Report ignores cash balances, therefore, if you trade at all plus your cash levels vary, you cant call at your performance inside a helpful way after a while. I just generated a Net Worth chart that features a lovely bar chart, but unfortunately each of the bars are relatively precisely the same size because my net worth is high scale issue, and once I mouse over it, no numbers arrive, so I cant tell whether Im up or down. And BTW, the Net Worth figures are wrong, as this software will not be picking up a CD in a single of my stock investment accounts. The other investment accounts show correct values.
iBank 5 is merely okay, and Ill stay with it because the register portion is useful along while using downloads from my finance institutions - - automatic every time I restart it. In addition, my loan companies now provide end of the season Capital Gains reports to import into my Tax Returns - - matches the things they send to your IRS, therefore, the fact which the iBank 5 Reports dont be employed by me isn't a big deal - - simply a minor annoyance at this stage.
But I long to the Quicken days when I could generate a custom report in less than a minute for any particular need, and I cant do that together with the iBank product.
In short, Id recommend finding the trial right from the iBank people, to attempt to see if it truely does work for you, because a number of the features are very effective - - and in addition they might be only the features that you'll need. Besides iBank may be the only MAC game around, unless you would like to run a Windows partition - - ParallelsQuicken.
Update: For about the final 6 months, Ive been using the brand new Quicken 2015 for MAC thats offered by the Apple App Store and Amazon. The current version is really a reasonable and a fantastic start, even though not as functional yet because the PC version, each update on a monthly basis or two gets better. The look and feel is excellent, plus the latest version will import and convert iBank files in accordance with release notes. Reviews within this product are mixed - - while I realize its useful, others dont. So you may need to check it reviews, features prior to buying.
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Ive just come over to your dark side and bought a Mac after using Windows since its inception. Windows 8 only agreed to be too horrific. Like most PC converts, I discovered there wasnt anything approaching a considerable version of Quicken readily available for Macs. So after investigating the concepts out there, iBank 5 had the most effective reviews and I made a decision to try out the trial version. Based on what Ive seen to date, I will probably purchase it. What I discovered without delay was if you desire to get the most beyond this software, you may have to commit for the discomfort of learning to use it. iBank seems to be a superb substitute for Quicken, even so the icons and menus are not the same. However, while using user manual, the tutorials, and Google quest for articles and help-boards, you'll be able to easily discover how to use iBank. Here can be a couple problems I solved, in the event that may help anyone.
When that you are creating your QIF data file to export from Quicken to iBank, be sure to select all accounts towards the top of the drop down menu. Otherwise it's going to just transfer one account. Quicken preselected just one single account. Also, the land open banking account in iBank, each of the transactions is going to be cleared however, not reconciled. To solve this, do a reconciliation that starts with your accounts original opening date and balance and everything should easily reconcile. It took me lower than ten minutes to think this out then reconcile my main savings account. Also, when I exported new transactions from my banks website, using QFX files, iBank wouldn't automatically open and permit me to import the file as explained by iBank. I were forced to first save the QXF file and after that go towards the main menu and select either File or Account, then Import, and the QXF file. But it had been relatively fast once I figured against each other. Or you may pay for just a subscription to iBank that could then will download your transactions automatically from your entire banks.
By far probably the most difficult thing was creating check printing. I have a high-end supply of Intuit checks for two main of my accounts and I wish to continue using them. With so many people switching from Quicken, a giant, you could expect a print setting for Quicken checks, but no. And Google searches didn't turn up these measurements. I had to pick custom checks and rehearse a trial and error approach. Skip this fantastic care. I hope to avoid wasting others what I experienced. First you must put from the check size, playing with pixels instead of inches. It took numerous Google searches to master inch to pixel conversions simply so I could size the checks correctly. Next, edit the most notable check by dragging each section date, payee, etc. to where you want it to be. The other two checks automatically adjust. When you move a portion, it is possible to see measurements which now apparently be in inches - go determine small numbers above it. Both height and width measurements change since you drag. This was somewhat difficult. Just once you get the height right, it changes since you adjust the width placement. I deducted a star from my review just due to your head-ache of putting together checks to print. My final measurements for check size were Height: 205 pixels and Width: 612 pixels. Date are at 7.02 to your right and.26 inches down. Check amount is in 6.7 and.63. Payee is 3.0 and.60, amount in long-hand is 2.78 and.90. Memo is 2.8 and 1.8. You could have to have slight adjustments depending in your font size. I found that printing the test check then eye-balling how you can adjust it absolutely was easier than seeking to measure placement which has a ruler.
Update to Review: At the end on the trial period, I decided never to purchase iBank and to keep using Quicken on my small older computer while longing hope that Intuit will ultimately get its act together and issue a Mac version. I do financial be employed by several individuals who all use Quicken, so I really cant get off it unless each of them switch too.
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iBank 5 is often a highly refined, full-featured personal finance package to the Mac OS. It will be the most capable and reliable personal finance software for your Mac OS, that has a feature set much like Quicken for Windows but far in front of Quicken for Mac, also to software releases for Mac OS by Moneydance, SEE Finance, GnuCash and MyMoney all also finer quality than Quicken for Mac.
Neither ongoing attacks on iBank by unsubstantiated, silly, misinformed, lazy, and fake negative reviews, nor Intuits release in August 2014 of Quicken for Mac 2015 justify changing this assessment. Quicken for Mac 2015 will be the second effective downgrade from the Quicken for Mac line since August 2006. Despite relentless boosting by reviewers who never adequately explain their high ratings - - a number of whom seem like fakes - - Quicken for Mac 2015 continues to be least capable product inside entire current field of non-public finance software.
My following review shows, in depth, why iBank would be the best software in their class and why negative reviews of iBank needs to be read skeptically.
The current iBank 5.6.3 can be an evolution, not much of a revolutionary change, from the mature and polished predecessor, iBank 4. Therefore, many earlier iBank reviews rated most helpful by Amazon customers, including my Powerful, flexible personal finance software for that Mac: a different leader in this particular field for Mac users updated, November 21, 2012 /review/R2IRQV02AQOFG9remain relevant assessments in the broad array of iBank features. Other top-rated detailed and informative reviews remaining relevant include S. L. Pattersons A Quicken for Windows Competitor for Mac, December 15, 2010 /review/RW78KSJI15NW8/; Carrie W.s Worthy successor to Quicken 2007 for Mac November 29, 2010 /review/R24NH28E9A2I3Z/; and Carries iBank4 is an excellent substitute for anyone looking for the Quicken alternative on Mac, July 15, 2013 /review/R99YRZEC7RZOI/.
Personal finance software requires functionality, reliability and versatility for being a financial life support system. It needs many features, easier daily use, and rock-solid reliability because of its many important and often complex tasks of monetary record-keeping, retrieval and analysis, budgeting and tax planning and reporting. The excellence of iBank in providing this necessary functionality, reliability and versatility just isn't a matter merely of taste or opinion: it is usually a tally with the items iBank can perform and competing products cannot; the options and support it's got and that competitors lack. So no trustworthy or helpful article on this class of software reasonably is usually short or expressed in subjective terms. The top popular features of iBank 5 that make it an outstanding product are:
The iBank 5 developer blog notes refer with a lot of changes in the hood, which I am struggling to assess, but iBank 5 certainly is very stable and well integrated using the latest Mac OS X El Capitan 10.11.1, as it had been with all previous Mavericks and Yosemite Mac OS versions. I tried IGG Softwares beta program over weeks in November 2013. Immediately the whole release was positioned on 21 November 2013, I switched my entire 65MB current working file, containing 15 along with a half many years of continuous financial data, from iBank 4 to iBank 5 without the problem. I note quite a few users reports of complications with importing QIF files from Windows to iBank 5. IGG Software has posted helpful detailed tips on preparing and importing Quicken Windows QIFs, in the topic, Importing Your Quicken Data Into iBank 5, from the iBank 5 tutorials division of IGGs website.
iBank 5 introduced numerous improvements over iBank 4. The new feature of many value to my requirements was the revolutionary capacity to categorize investment income. This fixed one from the previous shortcomings of iBank reports: as much as version 4, dividends as well as other such investment income wouldn't appear in iBanks standard Income Expenses report simply because could not receive income categories. Investment income previously appeared only within the separate Investment Summary report.
Investors in British Pound Sterling got a brand new feature in iBank 5 which many had raised being an issue in iBank 4. Inconsistencies in price feeds of UK stock quotes in pounds or pence now may very well be resolved with a simple new feature in Manage Securities. Users check or uncheck a box labelled, This security is traded in pence, which now appears when creating securities traded in GBP
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Powerful, flexible personal finance software to the Mac: a different leader within this field for Mac users updated, November 21, 2012
With the making of iBank version 5 in November 2013, my following review ought to be read as speaking about iBank 5. New purchasers shouldn't download version 4, but runs straight to iBank 5.
iBank won me over from Quicken for Mac, which steadily lost its market lead in personal finance software to the Mac platform after 2007 because of Intuits failure to deliver features on Mac comparable featuring its Windows-based product range.
iBank is tremendously capable software at a small company, IGG Software, that's demonstrated serious intent to build up and maintain a first-class niche product line to the Mac platform.
I could import 14 years of internet data from Quicken for Mac into iBank version 4 like a QIF file, and have absolutely every account and category - including share transactions and dividends - balance over the entire 14 years. So I quit waiting for Intuit to get out a genuine update to Quicken for Mac 2007 and migrated to iBank in September 2012 - after testing and familiarization on the span of 1 . 5 years. I have not regretted the move, other than I should have inked it earlier.
iBank had a brand new version 4.7 release during the early February 2013; that has a 4.7.1 update at the beginning of March; 4.7.2 in mid April; 4.7.3 after July; 4.7.4 in mid October; and 4.7.5 during the early November - all online downloads to existing users. The latest version 5, through an upgrade valuation on 29.99 to existing iBank users, was published in late November 2013. iBank 5 has some evolutionary improvements, for example categorization of investment income and many de-cluttering with the user interface, and has become an easy transition up to now.
In itself the version number evolution says a good deal about the dangerous of product support and development by its makers, IGG Software. The application has already established numerous online updates with significant latest features. I bought and began using it at version 3. After my primary purchase US59.99 I have had to pay for only with the two full version upgrades - merely a US29.99 for your upgrades to version 4, and version 5. Any price under 100 for well-supported software with this quality and array of features is exceptional value.
As at November 2013, I happen to be using iBank just about every day for more than a year - currently in Mac OS X version 10.9 Mavericks - and still have found it very stable without obvious bugs. Earlier I thought it was just as stable in 10.8.5 Mountain Lion, OSX 10.7.5 Lion and OS X 10.6.8 Snow Leopard - - Snow Leopard being the very last operating system supporting the PowerPC application translator Rosetta, which had been required for Quicken for Mac 2007.
1. Text in Quickens distribution memo field wouldn't come across for transactions its keep was only one distribution any text in Quickens top memo field, normally the one visible with no twistie, does transfer;
2. some currency symbols I had entered in Quicken payee and memo fields, like plus the Euro symbol, came across as being the angled apostrophe, ; and
3. accented characters in payee and memo fields, ; and ;, dropped out entirely.
One from the few important features lacking is global find and replace. For example, this could speed up correction on the minor import errors in memo fields I mentioned above - or correction of inconsistencies that commonly develop in input of payee details. Multiple criteria search is a useful future enhancement on the current simple search feature, too.
iBank also may very well be improved using a larger set - or, in addition to this, sets grouped by functional association - of report templates in keeping with standard accounting practice and other tax reporting requirements, including more user customisation of content and format fonts, column widths etc. Graphs is not excluded in version 4 from some standard reports for instance income and expense reports and net worth statements. However, graphs dont can be found in category reports that might also be often considered as transaction reports, the material of that's flexible and text-only. Users with specific reporting needs, formatting requirements, or maybe a need to create custom graphs, might have to copy and paste or drag and drop data into Microsoft Excel. Thats not to ever difficult: its yet another step that will be useful as being a built-in time-saving feature in the future upgrades.
iBank possesses his own look and feel: it will not be merely a knock-off or update version of Quicken or any finance application, in terms of I can see. Anyone coming over to it from another application, or for that first time, has to invest some time to familiarize themselves by it. This necessarily includes some reading in the built-in help manual and internet-based support to find out its specific options for displaying, entering and retrieving data. However, much look familiar immediately to anyone experienced together with the Mac OS and long-established principles of double-entry financial accounting. I have found the transition from Quicken to iBank much, less difficult than the past big financial data migration I made about 2000, when my first Mac-based accounting program, which I used from 1985, Dollars ense, succumbed towards the Y2K bug.
Overall, iBank version 4 is a great personal finance software. I strongly suggest it to the Mac users seeking flexible, powerful and up-to-date features with this class of software - particularly those like me, who are actually seeking a successor to Quicken for Mac 2007. As it doesn't need features like payroll, inventory and invoicing, or multi-user and network capability, it better suits personal and household financial record-keeping than business accounts. Mac users seeking financial accounting package ideal for any though the smallest and least complicated businesses - which may very well be handled in iBank - ought to look at more pricey software created for business, like MYOBs FirstEdge for Mac - Small Business Management and Accounting or Accountedge for Mac Includes Network Edition, or Intuits QuickBooks for Mac 2013 Download.
Powerful, flexible personal finance software to the Mac: a whole new leader on this field for Mac users updated With the making of iBank version 5 in November 2013, my following review ought to be read as making reference to iBank 5. New purchasers ought not download version 4, but is going straight to iBank 5.
iBank won me over from Quicken for Mac, which steadily lost its market lead in personal finance software with the Mac platform after 2007 because of Intuits failure to supply features on Mac comparable featuring its Windows-based product range.
iBank is especially capable software coming from a small company, IGG Software, that has demonstrated serious intent to cultivate and maintain a first-class niche product line for your Mac platform.
I might import 14 years of web data from Quicken for Mac into iBank version 4 as being a QIF file, and possess every account and category - including share transactions and dividends - balance along the entire 14 years. So I quit waiting for Intuit to make out an authentic update to Quicken for Mac 2007 and migrated to iBank in September 2012 - after testing and familiarization on the span of 1 . 5 years. I have not regretted the move, but I should did it earlier.
iBank had a whole new version 4.7 release at the beginning of February 2013; that has a 4.7.1 update at the beginning of March; 4.7.2 in mid April; 4.7.3 after July; 4.7.4 in mid October; and 4.7.5 at the begining of November - all online for free downloads to existing users. The latest version 5, with the upgrade expense of 29.99 to existing iBank users, was launched in late November 2013. iBank 5 has some evolutionary improvements, for instance categorization of investment income and several de-cluttering on the user interface, and continues to be an easy transition up to now.
In itself the version number evolution says a whole lot about the dangerous of product support and development by its makers, IGG Software. The application has experienced numerous online updates with significant additional features. I bought and began tinkering with it at version 3. After initially my purchase US59.99 I have had to pay for only for your two full version upgrades - merely US29.99 with the upgrades to version 4, and version 5. Any price under 100 for well-supported software of the quality and array of features is exceptional value.
As at November 2013, I have already been using iBank on a regular basis for more than a year - currently in Mac OS X version 10.9 Mavericks - and still have found it very stable without the need of obvious bugs. Earlier I thought it was just as stable in 10.8.5 Mountain Lion, OSX 10.7.5 Lion and OS X 10.6.8 Snow Leopard - - Snow Leopard being the final operating system supporting the PowerPC application translator Rosetta, that has been required for Quicken for Mac 2007.
1. Text in Quickens distribution memo field wouldn't come across for transactions its keep was only one distribution any text in Quickens top memo field, normally the one visible and not using a twistie, does transfer;
2. some currency symbols I had entered in Quicken payee and memo fields, like as well as the Euro symbol, came across as being the angled apostrophe, ; and
3. accented characters in payee and memo fields, eacute;; and uuml;;, dropped out entirely.
One in the few important features lacking is global find and replace. For example, this will speed up correction in the minor import errors in memo fields I mentioned above - or correction of inconsistencies that commonly develop in input of payee details. Multiple criteria search has to be useful future enhancement on the current simple search feature, too.
iBank also might be improved which has a larger set - or, also, sets grouped by functional association - of report templates in keeping with standard accounting practice as well as tax reporting requirements, including more user customisation of content and format fonts, column widths etc. Graphs can't be excluded in version 4 from some standard reports for instance income and expense reports and net worth statements. However, graphs dont show up in category reports that might also be often considered as transaction reports, this article of which can be flexible and text-only. Users with specific reporting needs, formatting requirements, or even a need to create custom graphs, might have to copy and paste or drag and drop data into Microsoft Excel. Thats not to ever difficult: its the next step that you will find useful like a built-in time-saving feature later on upgrades.
iBank have their own look and feel: it will not be merely a knock-off or update version of Quicken or any finance application, where I can see. Anyone arriving at it from another application, or for your first time, must invest some time to familiarize themselves along with it. This necessarily includes some reading on the built-in help manual and internet based support to understand its specific methods for displaying, entering and retrieving data. However, much will be familiar immediately to anyone experienced using the Mac OS and long-established principles of double-entry financial accounting. I have found the transition from Quicken to iBank much, less of a challenge than the final big financial data migration I made about 2000, when my first Mac-based accounting program, which I used from 1985, Dollars ense, succumbed to your Y2K bug.
Overall, iBank version 4 has already been a great personal finance software. I suggest it to your Mac users seeking flexible, powerful and up-to-date features in this particular class of software - in particular those like me, who happen to be seeking a successor to Quicken for Mac 2007. As it won't have features like payroll, inventory and invoicing, or multi-user and network capability, it better suits personal and household financial record-keeping than business accounts. Mac users seeking an economic accounting package ideal for any however the smallest and least complicated businesses - which may very well be handled in iBank - should look at more costly software created for business, like MYOBs FirstEdge for Mac - Small Business Management and Accounting or Accountedge for Mac Includes Network Edition, or Intuits QuickBooks for Mac 2013 Download. Grant A Thompson November 21, 2012
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Initial post : Nov 26, 2012 7:36:15 AM PST
Thanks for taking some time to post a real thorough evaluation of iBank 4. Very helpful!
Posted on Nov 27, 2012 7:03:03 AM PST
Like many users of iBank I was a Quicken user on Windows for several years. My windows machine crashed earlier and was just used for Quicken. I use a MacBook for the rest I do on the pc.
Here is my question, I do possess the back-up files from Quicken 2010:, , ,
Thanks for you personally help and I do many thanks for detailed review.
A Happy Mac user for 5 years.
Last edited because of the author on Dec 2, 2012 12:53:36 AM PST
Im unaware of Quicken for Windows 2010 nevertheless the backup files you mc-squared list all appear - by their names and extensions - to become native Quicken files readable only in Quicken.
To transfer your financial data to iBank or any application you'll need to open your Quicken data using a Windows PC, and export/save an intermediate file within a file exchange format recognised through your target application. In the case of iBank 4, the most effective format for importing data from Quicken would be the Intuit-developed QIF format. The file it must be one file only should contain the iBank documentation also says it could import OFX, QFX and CSV files, but QIF may be the right format for Quicken to iBank data transfer useage.
The QIF import process is clearly described as well as simple to follow within the iBank user manual.
1. Before creating your QIF, check that you've no file corruption or errors as part of your Quicken file run the rebuild routine as appropriate;
2. Print out some of the Quicken standard reports covering your chart of accounts, and the many account and category totals. Use the the printouts to visually book iBank that your entire accounts and category names, and correct balances, have transferred within the QIF import process; and
3. As a general principle, always make backup files and work over a duplicate file when migrating such important data since your financial accounts, so that you'll be able to revert for the original when the process gets smudged.
I help you mention that your Windows PC crashed some time ago, which means that the Quicken for Windows file you need to import is historical data, and this maybe youve got your previous months in a iBank file. If so, I would not try to import the Quicken for Windows QIF directly into your few-months-old iBank file. I suggest importing it first into a fresh blank iBank file so that you may check that your accounts, categories and balances have run into accurately. Before seeking to merge the sooner data to a recent group of accounts in iBank, I recommend you talk with IGG Software tech support. It probably is usually a smooth process, with another QIF, if your account and category structure would be the same both in the originating as well as the target files, but I don't have any experience to make sure that this.
You might find as soon as the QIF import through your Windows file that you may need to tweak or make minor adjustments to banking account and category names, or hierarchy in iBank. That will depend on how we have structured your accounts. Although I have a fairly complex chart of accounts containing evolved through Dollars ense and Quicken on the span of 27 years, I found I necessary to make not many changes - and they also were easily made.
As I noted inside my review, I found iBank 4 imported a QIF of my entire 14 a lot of Quicken data ie, every cent Ive earnt and spent over 14 years with all of accounts balanced perfectly at get-go. Impressed me. Hope that works to suit your needs too.
Last edited with the author on Dec 1, 2012 6:29:00 AM PST
Nice review. Its the first Ive read one mentioning the multiple currency possibility, a nice surprise. As a Mac user since 1984 I go to iBank from the different angle, never have got to try the wonderful Quicken for Windows, so I suppose I have less expectations. My last version of Quicken 2005 was running on Tiger with a slow old Mac Mini. I finally got a 2011 Mac Mini with recently and none of my old software worked. Ive needed to keep The old Mac going only for Quicken. After converting a decade within 5 minutes today the trial version of iBank 4 all looked quite familiar. I dont do online investments or d/l my bank statements so its very easy stuff. iBank agreed to run the account inside local currency Rands something Quicken never did - ok, its 8 yrs old, maybe it'd now. Ill make an attempt to run my Euro accounts separately, approximately now I just used an easy conversion factor. So far, quite impressed. AND its fast, despite what some reviewers showed. Again, this may very well be the fast new hardware.
Last edited with the author on Dec 2, 2012 12:23:02 AM PST
Thanks for ones comment, Rommy. Intuit introduced multiple currency power to its Quicken for Windows range ages ago - one with the many lopsided feature upgrades that made us Mac users feel increasingly neglected after Quicken for Mac 2007 an incredible product in their day, these days obsolete.
I found not an issue with operating a Quicken for Mac list of accounts which has a non USD home currency: the key was what to do in a very unified list of accounts with foreign currency. The technique I used ended up being to enter the fx symbol and amount at the start from the payee and/or description fields, and also the transaction turned into the home currency since the transaction amount. Clunky, but a powerful workaround.
This problem won't arise with iBanks elegant, easy-to-use multi-currency capabilities. As far as I can see, the property currency may be any currency during which values are expressed in normal numerals cowrie shells may be problematic; funding accounts, cash, bank or debit card accounts can be create in any currency exchange, a considerable list that is intended for exchange rate download; and individual distributions in funding accounts held inside home currency but often used by foreign currency transactions, cards are easily recorded simultaneously in the foreign and home currency amounts with all the actual effective exchange rate from the transaction automatically calculated and recorded. The multi-currency popular features of iBank work so well that there seems no technical impediment to running Euro accounts within a set of accounts locked in South African Rands since the home currency, but of course you could have finances structured separately and need to possess separate is the reason that reason.
Im puzzled, too, by a few reviewers complaining that iBank is slow: I run it using a standard 3.06GHz Intel Core 2 Duo iMac OSX Lion 10.7.5, as well as a MacBook Pro OSX Snow Leopard 10.6.8, as well as its fast on both. Im cautiously keeping the MacBook Pro on Snow Leopard until I am 100% certain I no longer should check any detail in Quicken - really, only single distribution detail that, as I mentioned during my review, didn't come over within the QIF. Then I will archive my Quicken files on CDROM rrmprove the MacBook Pro OS too.
Last edited through the author on Dec 2, 2012 6:22:10 AM PST
The currency issue isn't completely solved, about 50 % of the accounts I imported together with the were in Euro and they are now all in Rands, as well as the converting thingy is only confusing the situation. Would be great if iBank would offer currency options for that imported accounts beforehand just like it is possible to choose which account savings, mmi, cheque etc. I imported the qif file twice just for making sure I hadnt missed that option. Now certainly Im wondering if I should delete the Euro accounts and attempt to import them again individually.
Last edited from the author on Dec 25, 2012 8:09:44 PM PST
Rommy, I havent experimented with import and merge into one iBank file, turned into one currency, all financial data that has been originally recorded in various currencies in 2 Quicken for Mac files. Its probably impracticable in iBank or every other accounting software. As far as I can see, there is certainly no practicable accurate solution to apply historical forex rates in automated foreign exchange conversion.
You could contact IGG tech support team for more expert advice than mine, but I think you might have to settle for converting your historical data from separate Rand and Euro files in Quicken into separate Rand and Euro files in iBank. Once you've got done that, it truly is certainly all to easy to record current and future transactions in multiple currencies in iBank see below for any suggested procedure to merge different currency balances into one file.
Some historical data might be reliably back-converted manually in iBank, one transaction each time, if either historical fx rates or actual figures are actually recorded both in currencies inside the source file. Be aware, however, that is time-consuming - about just as much as manual re-entry of the transaction.
For some years in Quicken for Mac 2007 I used a work-around due to its lack of multi-currency capability: I entered the foreign exchange symbol and amount at the start in the payee description and distribution memo fields where it only agreed to be text, without arithmetic functionality along with the home currency amount within the usual debit or credit column. This resulted in after importing my QIF of 14 years of internet data into iBank 4, I could manually cut and paste into the forex transaction field in iBank the foreign exchange amounts which was recorded in Quicken in payee descriptions and distribution memos - gaining iBanks arithmetic functions with those figures in addition to the home currency amounts. I tried this back-conversion using one of my plastic cards that I use for most fx transactions. Because I had the complete figures in each currency, it worked perfectly, including automatically calculating and recording the effective historical exchange rate of each one transaction, although it absolutely was time-consuming. I contemplate it impracticable to back-convert all transactions my foreign cash transactions and also other cards, so I will settle just by current and future entry of multi-currency transaction data during my other accounts on iBank.
1. Export QIFs from each of the original Quicken files;
2. Import each QIF to some corresponding new blank iBank file saved that has a distinct file name;
3. Select one or other file as the working file based with your home currency presumably Rands. Manually transfer close-out balances from the funding and asset/liability accounts within the other file presumably Euros, retaining that file with closed funding and asset/liability is the reason archive hitting the ground with historical data only; and
4. Use iBanks multi-currency power to convert the transferred foreign exchange balances, as well as enter current and future transactions in all of the currencies at current exchange rates with your new working file.
Of course, if you could have a tax liability within a foreign currency in addition to the house currency, it might of itself be a superb reason to help keep two or more working files to the future. If you dont have that requirement, iBank can make it very all to easy to run cash, banking, plastic card and any funding accounts which has a range of foreign currencies in a working file based on the home currency.
Posted on Dec 10, 2012 11:07:41 PM PST
Thanks for that review. I got a MacBook today, convert from PC laptop. I was shocked and disappointed to learn I couldnt get Quicken in this little brand new MacBook. Ive read many bad reviews of iBank, but I revisit to it for reasons unknown. After reading your review I think I will try it out, heck I get a thirty day free trial. I hope it's going well, it is actually frustrating that Quicken isnt available.
Last edited from the author on Dec 12, 2012 3:42:00 AM PST
To K. Bowles: Youre welcome. I was keen on Quicken for several years. I waited several years for Intuit for getting its Mac product back within the rails: pointless. The bad reviews of iBank don't stack up with personal expertise. Indeed, the spray of vague two and three-line negative reviews from reviewers without the need of other community participation through is reason to help remedy them with suspicion. Beta version offered by tech support team shows that IGG Software has a iBank version 4.7 or perhaps a 5 almost ready for release. IGG features a track record of looking following Mac platform: Intuit won't. Dont be postpone, either, by IGG as a small company using a niche product. This is exactly the model of the very best performer of the for sustained product support inside the Mac software world, Leister Productions, whose Reunion 10 may be the leader in Mac genealogical software since 1985. That equals or exceeds fantastic sustained product support of Microsoft for Office Mac Home and Student 2011 - 1PC/1User Download and Adobe for Adobe Photoshop Extended CS6 Student and Teacher Edition for Mac Download.
Last edited because of the author on Dec 11, 2012 12:33:37 AM PST
Thank you. I just downloaded the trial period. Im looking to set-up my Chase accounts it doesn't help. I emailed their support, maybe I will try their live chat tomorrow. If I cant connect my makes up easy download that could possibly be a deal killer. I didn't have to create direct get connected to Quicken, it absolutely was easy and free. I was hoping for by purchasing iBank at the same time.
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