Personal finance data for Quicken Online users can be switched on August 29 to Mint.com. Nobody can go to Quicken Online anymore after that. Intuit, the makers of Quicken, purchased mint.com last year for $ 170 million. In February, Intuit sent a message to Quicken Online users that their account histories and connections would be “migrated seamlessly” to the Mint budgeting site. Because of software differences, users are expected to transfer their own accounts individually. There have been a lot of difficulties with the Quicken Online to Mint migrations.
Intuit’s move was a ‘boneheaded move’
The Quicken Online to Mint migration was a surprise for a lot of Quicken users. 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” at first prepared. There was one major concern about this. There could possibly be information that is inaccurate in Mint after switching from Quicken Online. 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.
Budgeting with other sites
Intuit will delete all Quicken Online account info from its servers Aug. 29. Any users who want to keep their information need to take a couple steps. Make sure you pick which info you need to save and export it to a file. You will find other options for Quicken Online users for personal financial data besides switching to Mint, says the New York Daily News. Quicken Desktop products that cost you money are what Intuit is trying to sell with the Quicken Online to Mint migration. The Intuit desktop products cost between about $ 50 and $ 90. You can get an Online account for QuickBooks for $ 120. In case you are just sick of Intuit, there are other possibilities. These sites are HelloWallet.com, Yodlee.com and GnuCash.org.
Intuit now doing hot
The Quicken Online to Mint migration is hard for numerous. Evidently Mint and Quicken Online just don’t get along if you ask Jonathon Blum at the Street. Mint and Quicken Online have such a hard time because of different software difficulties. Data comes in differently. It is the same as data coming from a credit card or bank. Business transactions in Quicken Online don’t go directly over the Mint. About half of them are just lost within the process. An Intuit representative said the migration system made data converted from Quicken Online to Mint ledgers 90 percent accurate. Blum said that 90 percent is a B in grade school and an F in accounting.
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
