updated 06:00 pm EST, Thu March 8, 2012
Software re-engineered for current OS
Following up on a promise from December, Intuit has now released a new version of Quicken 2007 (the last full version of Quicken for Mac) that has been re-engineered to be compatible with Mac OS X 10.7. The product is now called Quicken Mac 2007 OS X Lion Compatible and sells for $15. The full version of Quicken has a number of features not found in the stripped-down Quicken Essentials for Mac, which the company began offering two years ago.
The company says that older Quicken Mac files (from the 2005 through 2007 editions) will automatically convert to the Lion-compatible new version. Customers who have converted from any of those Quicken editions to Quicken Essentials can migrate their data to the new version following a set procedure outlined on the product's FAQ page.
Despite its age, Quicken 2007 offers features that weren't available in Quicken Essentials, including direct bill payment, exporting to TurboTax and tracking investments. The program is still compatible with most financial institutions for downloading statements and reconciling accounts, and offers Mobile Me members the ability to backup an encrypted version of their data. Apple will be shutting down Mobile Me in June, but Intuit hasn't yet said if it will offer similar iCloud backup or support alternatives such as Dropbox automatically; users are free to manually backup encrypted data to cloud services if they wish.
Users can purchase Quicken Mac 2007 OS X Lion Compatible either by direct download or mailed CD-ROM for $15 directly from the company's website. By virtue of being able to run Windows on Macs, users who need later editions can also opt to buy and run the Windows versions of Quicken.