This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Intuit Makes Quicken Minty Fresh for Web 2.0

Stocks in this article: INTU

Intuit is giving a Web 2.0 makeover to Quicken, its franchise desktop personal accounting brand.

Last week, accounting and business software behemoth Intuit (INTU) rolled out the latest riff on its personal accounting and small-business package, Quicken 2011 (Starter Edition, $30; Premier Edition, $90). Intuit has been feeling the personal finance pressure of late. American Express (AXP - Get Report), Citi (C - Get Report) and JPMorgan Chase (JPM - Get Report) -- not to mention startups such as SmartyPig, Foonance and Geezeo -- now offer spiffy personal finance and accounting tools for little or nothing.

So last year, Intuit decided to change up. It took out online finance software phenom Mint.com for a cool $170 million, and made that company's founder, Aaron Patzer, responsible for Quicken.Then it wound down Quicken Online and replaced it with Mint.com, and finally gave the desktop version of Quicken a big, bad Web 2.0-ish makeover.

Considering the stakes for Intuit, and the popularity of Quicken as an accounting tool for sole proprietors and microfirms, I have been giving the code the once-over in my small shop and got an extensive demo by Patzer himself.

Here's what I think:

WHAT YOU GET As expected, this is a collaborative, easy-to-use, Web-ish riff of Quicken.

Right away, you will feel the online vibe with this desktop software. The new Quicken is faster, leaner, and comes with Web-based data collection features that grab content from about 12,000 financial institutions. Setup is simple: Load the software, enter your account and personal information as requested and, in about a half-hour, you'll have a reasonably accurate picture of your finances. Voila.

The code is simple to use. Everything is organized by tabs such as Spending, Bills, Planning and Investing. There is intriguing use of mutual fund data and real-time pricing information. And given enough setup time -- more on that in a second -- work expenses can be clearly separated from personal spending. And business tax information can be gleaned and shipped to an accountant.

I must say, having my finance software on a computer under my direct control really does give me a comfy, secure feeling.

WHAT YOU DON'T GET Don't expect this to be a bombproof small-business accounting solution, or an instant hit with consumers.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs