Mint.com on August 29 will be where Quicken Online users can be putting their personal finance data. Nobody can go to Quicken Online anymore after that. Mint.com cost $ 170 million. It was bought by Intuit which made Quicken. Quicken Online users got a message in February from Intuit explaining the Mint budgeting site would get all users account histories and connections as it “migrated seamlessly”. Users have to transfer their own accounts because you will find different software programs on the two sites. The migration from Quicken Online to mint is different than expected. It has actually ended up being much more difficult.
A ‘boneheaded move’ is what Intuit made
The Quicken Online to Mint migration was a surprise for a lot of Quicken users. Many thought the transition would be made automatically. Tech Crunch explains that Intuit was going to have “elegance or accuracy” as a part of the change. It changed its mind after seeing what a big change it really was. 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. There wasn’t any time for users to change their accounts from Quicken Online after Intuit announced this. Tech Crunch thinks that was a “boneheaded move” on Intuit’s part.
Budgeting with other sites
Intuit is using August 29 as the day to delete account details. Quicken Online users will lose any account info then. Any users who want to keep their information need to take a couple steps. Make sure you pick which info you need to conserve and export it to a file. The New York Daily News said that Quicken Online users who don’t want to migrate to Mint have choices for their personal financial data. The Quicken Online to Mint program appears to be something Intuit is doing to promote themselves. You will find other Quicken desktop products being advertised with this. Any of these Intuit desktop products will cost you. They cost $ 50 to $ 90. You are able to get an Online account for QuickBooks for $ 120. For users who want to quit using Intuit because of the inconvenience, other online budgeting websites consist of GnuCash.org, HelloWallet.com and Yodlee.com.
Intuit now doing hot
Numerous people are having difficulties. Most of this comes from the migration from Quicken Online to Mint. Jonathon Blum at The Street said Mint and Quicken Online just do not get along. Quicken Online and Mint just don’t flow together well. This is because of the different software platforms form each site. Instead, data must be imported like it would from any other bank or credit card account. Half of the accounts moved to Mint from Quicken Online have business transactions lost in there. An Intuit representative said that the migration system made data converted from Quicken Online to Mint ledgers 90 percent accurate. Blum thinks that 90 percent means a failed accounting grade.
Further reading
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
