Top critical review
Better Than Previous Version
December 5, 2013
Like many others, I bit the bullet and moved from a Windows PC using Quicken to a Mac, and initially went with iBank 4. Had been using Quicken for about 10 years and iBank4 for 18 months. Recently, I upgraded to iBank 5 and there are definite improvements in downloading investment transactions -- now gets commission right, as well as option transactions; didn't in previous version -- worth the upgrade fee just for that.
I find the iBank interface to be non-intuitive -- particularly the reports. In fact, I find the reports to be so useless, that I avoid using them. For instance, the Investment Portfolio Report ignores cash balances, so if you trade at all and your cash levels vary, you can't see your performance in a helpful way over time. I just generated a Net Worth chart that features a lovely bar chart, but unfortunately all the bars are relatively the same size because my net worth is high (scale issue), and when I mouse over it, no numbers show up, so I can't tell whether I'm up or down. And BTW, the Net Worth figures are wrong, because this software is not picking up a CD in one of my stock investment accounts. The other investment accounts show correct values.
iBank 5 is just okay, and I'll stick with it because the register portion works well along with the downloads from my financial institutions -- automatic each time I restart it. In addition, my financial institutions now provide end of year Capital Gains reports to import into my Tax Returns -- matches what they send to the IRS, so the fact that the iBank 5 Reports don't work for me is no big deal -- just a minor annoyance at this point.
But I long for the Quicken days when I could generate a custom report in under a minute for a particular need, and I can't do that with the iBank product.
In short, I'd recommend getting the trial directly from the iBank people, to try and see if it works for you, because some of the features work well -- and they might be just the features that you need. Besides iBank is the only MAC game in town, unless you want to run a Windows partition -- Parallel's / Quicken.
Update: For about the last 6 months, I've been using the new Quicken 2015 for MAC that's available at the Apple App Store and Amazon. The current version is a reasonable and a good start, and while not as functional (yet) as the PC version, each update (every month or two) gets better. The look and feel is very good, and the latest version will import and convert iBank files according to release notes. Reviews on this product are mixed -- while I find it useful, others don't. So you may wish to check it out (reviews, features) before you buy.