![Quicken Is Going to Be Discontinued! [Truth Or Rumor]](https://d1tlrxy0mfxnyo.cloudfront.net/thumbnail/598366/afe119fd-55d0-4b13-a58c-e7cb999534da.jpg?width=649)
Quicken is a well-known name for offering a variety of premium money management tools. It provides you with basic to top-tier plans that vary in features. The developer of the Quicken app is Intuit. However, in 2016 it was acquired by H.I.G. Capital. Also, last year (2021), H.I.G. capital sold the software to Aquiline Capital Partners.
Many users assumed that Quicken was going to close its services completely. However, that is not true. Quicken stops offering the benefits of its products after some time. But that does not mean you cannot use Quicken’s other products. Over the years, Quicken has discontinued numerous products. Now, the company is offering finance management tools like Simplifi, Starter, Premier, Deluxe, and Home & Business.
However, some people think that Quicken is going out of business and it is going to be discontinued soon. But that does not seem possible for now. It can be true in the future, though. Keep reading the whole content to know the possible reasons why Quicken might get discontinued.
Quicken: Brief History
The Quicken was first introduced in the 1980s and made a big mark. Soon after its release, it became the most popular personal finance management tool. Its users were happy as it provided every feature to keep their money management on the right track. But, after its alternatives started to emerge, it affected its revenue. And due to that, Intuit sold the Quicken H.I.G capital in 2016. In addition, recently, in 2021, it was sold to Aquiline Capital Partners.
What Could Be The Reason For Its Discontinuation?
Below are mentioned some of the factors that could be responsible for deciding its popularity.
1. Compatibility
Quicken runs on both Windows and Mac devices. However, both are not compatible with each other. It is very complex or near impossible to transmit data from one operating system to another. Plus, Quicken for Mac looks modern, but its features do not seem up to date.
On the other hand, Quicken for Windows looks outdated but offers top-notch and advanced features.
2. Pricing
In its early days, Quicken used to offer access to the program forever with one-time purchases. However, after some time, Quicken started to stop the services of its product.
Additionally, Quicken has been offering a yearly subscription plan since 2018. Now, users do not have to upgrade after a few years but renew their plan every year.
3. Not providing services
Quicken stops providing support services and updates once the subscription plan is complete. Plus, it has discontinued many products in the past. One latest example is Quicken Bill Pay which was stopped in 2020. But they offered a new tool to replace it, the users did not like it though.
What Are The Quicken Products That Have Been Discontinued?
Below are some of the Quicken Products that have been discontinued in the past few years.
Quicken Product Discontinuation Date Quicken for Mac 2007 and 2007 for Lion October 2019Quicken 2015 Canada May 31, 2018Quicken 2016 Canada May 30, 2019Quicken 2015 Windows and Mac April 30, 2018Quicken 2016 Windows and Mac April 30, 2019Quicken 2017 US Windows and Mac April 30, 2020Quicken Bill Pay August 31, 2020
Should Quicken Users Worry?
If you are a Quicken user, you should not worry that you are going to be left without any support. Quicken has been offering finance manager software services for around 40 years. And there have been many ups and downs throughout the years. However, Quicken is still standing strong. Also, there is no news of the discontinuation of Quicken.
Furthermore, Quicken has various premium products. Additionally, its prices have dropped in the new year sale. So, if you are planning to get a Quicken subscription, you can go ahead without any hesitation.
Frequently Asked Questions (FAQs)
Is Quicken only sold as a subscription?
Yes, you can only use the Quicken products only after subscribing to a plan. The company offers a 30-day money-back guarantee if the users are not satisfied with the product. So, you can cancel your subscription within 30 days if you do not want to use the product.
What is the difference between Quicken and Simplifi?
Quicken Simplifi is a dedicated mobile app that can only be used on mobile phones.
On the other hand, Quicken offers various other desktop products. Plus, Desktop products have mobile compatibility and can be accessed on the web.
How many people still use Quicken?
Till now, more than 17 million people have used the Quicken software and taken advantage of its services. Additionally, for its current users, the number is still impressive, as there are 2.5 million active users.
source;- https://loginonline-quicken.com/quicken-is-going-to-be-discontinued/
To get an instant solution for How to Update Quicken for Windows or Mac follow the given further steps.
Manual Quicken Updates for WindowsVisit the Quicken Update Index.
Here you will find Quicken versions by year for both Windows and Mac.Select your Quicken version year beneath the operating system of your computer.Select "Manual Update" for steps to install the update.Close Quicken if you have it open.
QuickBooks 2019 is stunning bookkeeping programming which is exceptionally refreshing for its bookkeeping administrations over the globe.
Intuit has planned QuickBooks so that the little and medium enterprises can spare a great deal of time and use that time in structure systems in advancing their business.
Just to guarantee that your business champion among others, Intuit discharges updates of the QuickBooks programming each year.
The most recent update that was propelled is QuickBooks 2019.
In any case, it isn’t just the enormous new that Intuit has discharged for the current year.QuickBooks 2016 features will be discontinued on May 31 2019If you’re using one of the 2016 versions of QuickBooks listed below, basic software features will still work, but you will lose some functionality on May 31.
To preserve your add-on services, you must upgrade QuickBooks to the 2019 version.The QuickBooks Sunset on May 31 will affect these 2016 versions:
Quicken Error OL-1-B is one of the most common errors face by the users while using the software. It occurs when you try to download your transactions from the bank.
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