Quicken Inc. has released Quicken 2016 for Mac 3.5.1 with an improved Reconcile feature, performance improvements in the Portfolio View, and dramatic file size reduction for those with lots of historical data. The update also changes the database structure to support future development. Once you open your database file in version 3.5.1, you won’t be able to use it in an earlier version, but the update automatically saves a backup file in the old database format that’s compatible with version 3.4.
The new Reconcile feature emulates the functionality found in Quicken for Windows and Quicken 2007 by calculating the beginning balance based on all uncleared transactions, which should result in a more accurate reconcile experience. The update also makes several improvements to 12-month budgets, fixes issues with the Portfolio View (including speed bumps and a display change that shows the number of shares up to six decimal places), and adds the capability to create Quick Category and Tag reports by right-clicking. ($74.99 new, free update, release notes, 10.10+)