Quicken is good when it works with your bank, I have a bank that doesn't work with Quicken and only exports to an older Quicken file format that is no longer supported.
I remember when Microsoft Money was Sun downed, I thought Quicken had beaten them. But it seems Inuit still has financial problems and sold Quicken.
Thank You!! This is the best news I heard all day. I loved MS Money and only moved away because I thought it was inevitable. I didn't know about this option.
CSV files are good, but sometimes they contain blank data and spaces that mess up importing them. I used to work as a federal contractor importing text files into databases by downloading them via FTP or Web Sites on a federal Intranet.
I would import them into Oracle, SQL Server, MS-Access, Clipper, etc and sometimes had to write a custom program to import the files.
I would work in a Unix environment as well and had to run AWK and SED to remove blank spaces and other problems that would cause invalid use of null errors in a database that the column couldn't be null. Sometimes the CSV file didn't follow the database validation rules, like using text in a number field, etc.
We also had fixed width files. Stuff from an IBM Mainframe that was in EPISODIC that had to be converted to ASCII. Then when it converted some of the characters in the file had to be edited because they were illegal control characters that had something to do with DASD JCL/JECL control codes.
But a CSV file is basically one database table with a bunch of columns in it that you import, separate the data with commas.
I'm drawing a blank on the normalization that would be relevant for transactions. Do you mean something like "the sub-sub-account determines the sub-account which determines the account"?
You find that database armatures usually store everything in one table. The professionals break things up into different tables using normalization.
For example you usually have a table with names in it and an ID, and then you have a transaction table that has the ID in it plus the transaction with a foreign key going back to the table with names in it. Could be names of each account or checking or savings account with an ID assigned to them.
Thing is you could be downloading more than one account and you don't want them mixed up into one CSV file. You want them separate in normalized tables. Now you could just have a CSV file with Account ID in it and then have a separate CSV file with the name of the account with the ID in it. But that just gets confusing.
What if you are a business and have several accounts you want to download and process? You don't want them all mixed up together. Yeah there could be sub-accounts as well that have an ID as a foreign key and then another Foreign key to the main account or sub-sub account etc. When you get into accounting and you have sub accounts and sub-sub accounts to track spending you have to have a way to figure out how they work.
I believe our bank just stopped accepting stuff from the version of quicken that my father uses to do his financials. To this day he runs quicken on a 2005 (!) iMac G5, which is his daily driver.
I'm still running it on a Mac iBook from 2004. Its the only thing I use it for because I can't stand later versions of Quicken on either the Mac or a PC. Granted, I'm only using it as a checkbook register but it does it so well, why look for something else?
I remember when Microsoft Money was Sun downed, I thought Quicken had beaten them. But it seems Inuit still has financial problems and sold Quicken.