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Posted

Anyone on the Forum use Quicken for financial tracking and planning?
 

One of the conveniences of Quicken back in my home country was the ability to download all your bank transactions into the software.   Does anyone know if it works with Thai banks?  

 

I'm on the edge of purchasing the new version for my Mac, but would like to have just this one more fact before I take the step. 

 

Posted

There is no downloading from Thai banks AFAIK.  But it will take care of both currencies OK for manual Thai accounts and transfer into them from USD accounts (you get field to enter the amount).  

Posted

OK, as I suspected (no Thai bank data downloads).


Two questions:

 

1)  I am thinking of keeping two entirely separate set of Quicken records.  One for USD accounts/investments and one for Thai bank accounts, with no interraction between the two.  Is that possible--setting up two entirely separate data files?  

2)  For US tax purposes, I would create a "dummy account" in the Quicken USD records to represent aggregated Thai-based assets and/or transactions that would impact US taxes.  Does that sound feasible?  

 

Background:  I used Quicken for 10+ years in my home country and loved it.  Used it for a little while here until I bought a Mac (Quicken sucked for Macs), so dropped its use for over 6 years.  I'm picking it back up as the latest version seems to be half-decent.  I have a vague memory that the above-desired functions may be do-able, but need a vote of confidence.  

 

Posted

I do not do that way as not concerned with US tax as take care of that manually as not that much needed on a simple retirement pension.  But see no problem having two active files - but you probably would not need to do that as you control any interaction anyhow.  Number 2 might be harder but am no expert on Quicken as much preferred Money until they discontinued it.  

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