Does Quicken Simplifi Work with Quicken Data? | Quicken Simplifi Help Center (2024)

FAQs

Does Quicken Simplifi Work with Quicken Data? | Quicken Simplifi Help Center? ›

Quicken Simplifi cannot read Quicken data or vice versa, so you cannot import a Quicken data file into Quicken Simplifi. Quicken Simplifi is an entirely separate product and exclusively online so the databases are not compatible. If you have questions about your Quicken data, please visit our Quicken Help Center here!

Deciding between Simplifi and Quicken hinges on your specific financial management preferences and needs. If a modern, easy-to-use platform that simplifies budgeting and spending tracking appeals to you, Simplifi is likely the better choice – click here to sign up.

Invite a Member. You can share your Quicken Simplifi data with one additional member, who will need to have their own Quicken ID and password, but who do not need to have their own Quicken Simplifi Subscription. Hover over the panel on the left-hand side and select Settings. Select Spaces & sharing.

Quicken Simplifi will automatically categorize most of your downloaded transactions for you.

Quicken will show you the location where your backup will be saved along with the name of the backup file (this is typically your Quicken file name followed by . QDF-backup). The default save location for backup files is C:\Users\[your name]\Documents\Quicken\BACKUP and we recommend to leave this unchanged.

Cons. Subscription required: Unlike some competitors, there's no free version. You'll have to pay annually to use Simplifi after the free trial period. Room for improvement in some areas: Investment features are minimal.

Monarch's product empowers users to craft personalized transaction rules, enabling tailored control over their financial activity. Simplifi only allows users to change merchant names and categories of transactions. Invite a partner to your household for a joint view of your finances at no extra cost.

No. Quicken Simplifi cannot read Quicken data or vice versa, so you cannot import a Quicken data file into Quicken Simplifi. Quicken Simplifi is an entirely separate product and exclusively online so the databases are not compatible.

Simplifi is a great budgeting app that is easy to use to manage your spending. But if you need a little more help saving money and cutting your expenses, Rocket Money's premium plan may be the better choice.

Quicken by Simplifi presents a flexible, personalized budgeting approach, adapting to monthly spending habits for a straightforward experience. Mint utilized traditional budgeting tools, requiring more time for setup and maintenance but providing detailed spending limits and custom budget categories.

Can you pay bills with Simplifi by Quicken? ›

The ability to pay your bills from Quicken Simplifi is not currently available. However, our other Quicken products offers a wonderful bill pay service called Bill Manager! To learn more about those services and products, click here!

Select the account that has the transaction you'd like to attach a receipt to. Locate the transaction that you'd like to attach a receipt to and click on it. Select Add Attachments. Locate the receipt on your device or take a picture using the Camera option.

Bills are all of the expenses you've set up as Recurring Bills for each month, such as phone services, insurance, utilities, and mortgage/rent. Subscriptions are all of the expenses you've set up as Recurring Subscriptions for each month, such as memberships, streaming services, and other non-essential bills.

Since hard drive space is plentiful and backups don't take a lot of space, I recommend setting Quicken to keep at least 10, or even 25 or more backups. The ones it creates automatically will be cleared up (deleted) automatically to keep you at that limit.

Quicken doesn't require that you archive or close out your data file at the end of the year. In fact, not archiving your data at the end of the year lets you run comparison reports on income and expenses from previous years. However, if you want to start the new year with a new data file, use Create a new year file.

When you open your Quicken data file in a new version of Quicken, your data file is updated to work with the newer program. We call this converting your data. You can also "convert" your data from Quicken for Windows to Quicken for Mac (or vice versa).

Quicken Simplifi is one of the best budgeting apps out there, especially if you want to create a detailed monthly spending and savings plan and don't mind paying for a subscription. If you would rather get a budgeting app that doesn't have a subscription fee, you'll have to consider other options.

No. Quicken Simplifi cannot read Quicken data or vice versa, so you cannot import a Quicken data file into Quicken Simplifi. Quicken Simplifi is an entirely separate product and exclusively online so the databases are not compatible.

"Simplifi is a breath of fresh air in the personal finance market. It's a lot more stable and modern than Mint, and a lot more intuitive and flexible than YNAB. All I need is a place that aggregates my various financial assets and liabilities, and lets me track my transactions in one place.