Quicken Online users could have no choice but to migrate their personal financial data to Mint.com as of Aug. 29. On that date, not a soul could be able to sign in at Quicken Online. Intuit, the makers of Quicken, purchased mint.com last year for $ 170 million. All info from the Intuit website was expected to be “migrated seamlessly” to the Mint site considering that is what the message said given to all the Quicken Online users. Because of software differences, users are expected to transfer their own accounts individually. The migration from Quicken Online to mint is different than expected. It has really ended up being much more difficult.
A ‘boneheaded move’ is what Intuit made
Many users of Quicken were astonished. They didn’t know about the migration from Quicken Online to Mint. Most thought they wouldn’t have to do anything. They expected an automatic transition. According to Tech Crunch, Intuit changed its mind about how to change the systems considering the different platforms and was then forgetting about the “elegance or accuracy” initially planned. Quicken Online users might end up with personal finance data in Mint that is inaccurate. Manually correcting errors was the only option after that. Tech Crunch said Intuit’s change was a “boneheaded move” considering Quicken Online users didn’t get much time to change their accounts to Mint with the poor notification.
Alternatives for budgeting
August 29 is when Quicken Online users will lose all their information from Intuit. Users need to export info they want into a file before then as to not lose it. The New York Daily News said that Quicken Online users who don’t want to migrate to Mint have opportunities for their personal financial data. The Quicken Online to Mint program seems to be something Intuit is doing to promote themselves. There are other Quicken desktop products being advertised with this. The Intuit desktop products cost between about $ 50 and $ 90. $ 120 is the price of one more option. The account is for Quickbooks online. For users who want to quit using Intuit because of the inconvenience, other online budgeting sites consist of GnuCash.org, HelloWallet.com and Yodlee.com.
Intuit flunks accounting
Many individuals are having problems. Most of this comes from the migration from Quicken Online to Mint. Jonathon Blum at The Street said Mint and Quicken Online just don’t get along. Because of the different software platforms, Quicken Online data doesn’t flow directly into Mint. Data comes in differently. It is the very same as data coming from a credit card or bank. Business transactions in Quicken Online do not go directly over the Mint. About half of them are just lost in the process. About 90 percent of info transferred from Quicken Online to mint is accurate. This comes from an Intuit representative. Blum thinks that 90 percent means a failed accounting grade.
Tech Crunch
techcrunch.com/2010/07/19/quicken-online-users-saw-the-bait-took-the-switch-to-mint-com-and-are-left-with-nothing/
New York Daily News
nydailynews.com/money/2010/08/20/2010-08-20_quicken_online_free_budgeting_site_to_shut_down_by_september.html
The Street
thestreet.com/story/10841504/1/quickens-migration-to-mint-is-not-so-fresh.html?cm_ven=GOOGLEFI
