Like many people, my financial software of choice is Quicken. It works great and for most simple transactions it’s not too difficult to figure out how to setup and use. In order to update it however, I must download the latest transactions from my bank account and then open that file in Quicken to import them all. It is possible to sync live with one’s bank account instead of downloading but some banking institutions charge for such use. I am still using Quicken Basic 2006 and while sometimes it automatically identifies common transactions and categorizes them accordingly, it doesn’t always do this, regardless if the title of the transaction clearly identifies the category it should be allocated.

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