Then, they went on to using iBank, which is a similar alternative that works perfectly on Mac. But if you're still a Quicken 2007 fan, you may want to download the version that's compatible with Lion. There's also another version, Quicken Essentials for Mac, but it has by far a lot less features than the full one.
Perhaps the highest-profile casualty of the switch to Mac OS X 10.7 Lion was Quicken 2007 for Mac, an aging version of Intuit’s finance application that was never updated for Intel hardware. Nonetheless, many people were comfortable enough with it — or, rather, uncomfortable enough with the thought of converting years worth of important financial data to Quicken Essentials or some other new application — that they delayed upgrading to Lion, or kept another Mac that could run Quicken 2007 under 10.6 Snow Leopard (see our series, “Can’t Let Go of Quicken 2007”).
Now, the company has released Quicken Mac 2007 OS X Lion Compatible, a version of that five-year-old software that has been updated just enough to provide Lion compatibility. The update costs $14.99.
In a FAQ, Intuit says this version will open Quicken 2005-2007 files directly, but will not import data from earlier versions. The company also provides a series of steps for migrating (re-migrating? un-migrating? migraining?) transaction data from Quicken Essentials to Quicken Mac 2007 OS X Lion Compatible.
Last December, Intuit announced that it would be developing a version of its Quicken 2007 for Mac software compatible with OS X Lion, targeting 'early spring' for a release. Quicken 2007 has remained a popular option for users of personal finance software despite its age, as Intuit opted to deploy a stripped-down Quicken Essentials for Mac in 2010 rather than continuing to update the full Quicken product for Mac. But with Apple's discontinuation of Rosetta in OS X Lion, applications such as Quicken 2007 that had been written for PowerPC-based Macs are incompatible with the latest operating system.
As quietly noted its Quicken for Lion FAQ updated today, the software is now available directly from Intuit. Priced at $14.99, Lion-compatible Quicken 2007 for Mac is available either by direct download or on CD.
Quicken Mac 2005 – 2007 data files will automatically convert into the Lion compatible version. If you're currently running Quicken Essentials for Mac on OS X 10.7 Lion, and have previously converted from Quicken 2005, 2006 or 2007 for Mac, you'll be able to migrate your Quicken Essentials transaction data to Quicken Mac 2007 OS X Lion compatible.
Migration of Quicken Essentials data into the Lion-compatible version Quicken 2007 for Mac is outlined in a support document.
Intuit's lack of support for the Quicken for Mac product line has sent customers searching for alternatives, with a number of other products such as iBank and Intuit's own Mint.com seeing some success in the market, although each of the products offers a slightly different set of features.
Intuit is clearly trying to keep some of its Quicken for Mac customers using the software under Lion, but it is unclear whether the company has a long-term plan to advance a Quicken product for Mac that offers features beyond those found in Quicken Essentials. Given that even the Quicken 2007 for Mac page recommends that new Quicken users opt for Quicken Essentials, it appears that the company is still planning to push the stripped-down Essentials package as its primary Mac offering for at least the time being.
Thanks, Marck!
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