A few months ago, after using the software for some time, I came to the conclusion that Quicken 2007 Home & Business was horrible. There were too many bugs distracting me from using the software the way it was intended.
Downloading transactions through Direct Connect for my 401(k) no longer works… Quicken 2007 introduced a new feature called “Express Web Connect…” Forget it, it only works for me about half of the time… In 2007, during “background” updates, dialog boxes continue to pop up and disappear during the connection, stealing the focus, and making it impossible to work in the program at the same time… Quicken creates a new empty “Checking” account, on its own, without any input from me.
Very soon after I published my bug list, Intuit released a patch to fix some concerns. Many of these problems have been fixed. However, there are still some annoying issues. Keep in mind that I am running the software on Windows XP.
This is still a bug left over from the first release of Quicken 2007. “Background” updates still don’t allow you to move freely throughout the software. When you enter a transaction, hitting the “Enter” key should save your entry, but both the Tab and the Enter key seem to lose functionality when updates are taking place in the background.
The other bugs I mentioned seem to have been fixed, though I still have problems using “Express Web Connect” with some banks. My remaining comments are just annoyances.
There is no way to edit the “memo” line of a transaction while the register is in the “One-line display” view, which I prefer. I can’t change the columns in view or change the width of the columns like most Windows applications allow. I’d also like to see monthly summary reports, Microsoft Money’s only feature above and beyond Quicken. In some my investment accounts, cost basis isn’t calculated correctly.
I tried the new version of Microsoft Money 2007 Home & Business as well, but I wasn’t convinced to switch. I used Microsoft Money until 2004, but switched to Quicken because, now ironically, it was more compatible with my 401(k) account.
Update: Quicken’s latest update (“Release 4”) seems to fix many of these problems.
Updated February 6, 2012 and originally published December 5, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.