Quicken's New Subscription Model - Your Quicken Data Will Be Read-Only If You Don't Pay Up

my last upgrade was from Q99 to Q2016. I probably could have gotten Q99 to work properly on my new Win10 machine, but what the heck.

Reply to
Taxed and Spent
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"Taxed and Spent" wrote

Who needs all the bells and whistles added each year to convince (scam) users into spending more money for a newer version?

Can't speak to the downloading of information from financial institutions, though. But I doubt most people use or really need that. I do not.

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Another example of a user ignorantly pretending that products should contain only the features that they like. A logically and economically impossible pretense.

Downloading transactions is one of the most popular and demanded functions in Quicken.

What are bells and whistles to one user are essential features to others.

[Your post does not make it clear that you understand that subscription versions of Quicken will NOT prevent users from manually maintaining their Quicken data if they elect not to renew their subscriptions: hence the Subject of this discussion is now false. Further: many Quicken users have been begging for Quicken to become subscription software ... for years.]
Reply to
John Pollard

Ken, some people have more money than brains--that would explain why they upgrade QUicken every year, trade in their vehicle every year, etc..

Reply to
Sharx35

Downloading of share prices IS something I do appreciate--it used to be a giant PITA manually keying in share prices, even if I only did it monthly.

Reply to
Sharx35

I log on, for free, to my banks almost every day--that way I noted that someone in Brazil fraudulently used one of my CC numbers. No need for Quicken downloads for that purpose.

Reply to
Sharx35

I defend Taxed and Spent's comments about downloading TRANSACTIONS. I prefer to do that manually as I continually read about posters' problems with errors and omissions in that procedure. I DO, though, download share prices several times a day.

Reply to
Sharx35

I know nothing about why other people have problems doing it, but I can state that I * never* have any problems with it.

Reply to
Ken Blake

"Need" is too strong a word of course, but a single Quicken download gets me all the transactions for all my banks, brokerage accounts, etc. It's much easier and I greatly prefer it that way; no "need" to log onto multiple web sites.

And Quicken having been updated as a result of doing this, the monthly reconciliation of each account is extremely easy; it takes just a few seconds to do in Quicken

Reply to
Ken Blake

subscription

LOL! Yes, I wish I had enough money to do the same. I'd especially like to get a new car every year. But I don't; I typically keep a car for 15-20 years.

But there's usually a big difference between a new release of Quicken and a new car. Cars get new improved features much more often than Quicken does.

Reply to
Ken Blake

I get e-mails for all my cc transactions - so spotting fraud is easy and timely.

Reply to
Taxed and Spent

I do it manually so when I reconcile each account I am actually performing an audit. How many people automatically download transactions and just accept them as accurate?

I am not a day trader, however.

Reply to
Taxed and Spent

As you upgraded from Q99 to Q2016, I'll try to explain how we take advantage of the ability to import transactions.

We attempt to enter most transactions before we import data from our financial institutions. When we do import transactions from the financial institutions, Quicken usually matches the imported transactions to the appropriate transactions we have entered. When we accept these transactions, they are marked as cleared (and some occasionally useful data from the financial institution is automatically added). If a downloaded transaction does not match an existing transaction, we determine how to best resolve the issue.

We usually download and import transactions from 8 Direct Connect financial institutions (20 accounts) daily. At this time, we have only one fairly active Web Connect account (of 15 accounts across 6 institutions) that we download and import daily using a browser. We do not use the Express Web Connect connection method. We do not allow Quicken to automatically accept imported transactions.

We download account statements as they become available and reconcile using "Use Paper Statement". We do not use "Use Online Balance".

By downloading and importing transactions from financial institutions daily, we're able to detect and resolve issues sooner.

No one can tell you "how many people automatically download transactions and just accept them as accurate?" but many users do appear to be attempting use Quicken as an aggregator of financial data pulled from multiple institutions.

Reply to
Sherlock

Sounds great. But why do you need to always upgrade Quicken to do so? Can't they just make it work right and be done with it?

Reply to
Taxed and Spent

There's days when, between my wife and I, I'd get 2 dozen emails ... I'll stick with download.

Reply to
danbrown

A significant portion of the price we pay for the upgrade offsets the continued cost of maintaining the Online Services accessible by the program and Support. We do not have to upgrade Quicken if we do not use any Online Services or Support.

The whole point of this thread, started in February, was that Quicken Inc announced they planned to change the model in a manner that would prevent users from maintaining their data files when their subscription for the product expired. However, in early August, Quicken Inc. announced that subscribers would be allowed to maintain their data files when their subscription for the product expired.

Assuming Quicken Inc. decides to implement the same subscription model they are using for Canadian Quicken 2017 for US Quicken 2018, the only apparent difference will be that the subscription for Online Services and Support is reduced from about 3 years to 1 year.

Reply to
Sherlock

Not if they want to continue to make money.

Reply to
Ken Blake

Bingo!

Reply to
Taxed and Spent

That is where a rule and subfolder would come in handy.

Reply to
Taxed and Spent

Sherlock,

I missed most of the early posts in this, but what is the Quicken New Subscription Model" What does it do and how does it affect use of the normal Quicken Deluke?

Just need a bit of information.

Thanks Charlie

****************************************************** Charliech
Reply to
charliec

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Assuming Quicken Inc. decides to use the same model they're using in Canada in the US, the only product impact appears to be that access to Online Services will expire in one year as opposed to about three years in the current US model. Online Services include: ?? ? Import of data from financial instituions (Direct Connect, Web Connect, and Express Web Connect) ? Download of stock quotes ? Mobile ? Bill pay ? Uploading portfolio information from Quicken to Quicken.com ? Live Support ? Software patches and updates

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Reply to
Sherlock

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