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Quicken is now Lion compatible


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Interestingly enough, many have chosen NOT to update to Lion because Lion has broken all version of Quicken 2005 to 2007, the most commonly used software from Intuit. Intuit is still a sucky company, no doubt about that, but at least now there is a way to update to Lion and still run Quicken.

from Mac Rumors site:

Intuit Releases Lion-Compatible Quicken 2007 for Mac

Thursday March 8, 2012 2:09 pm PST by Eric Slivka

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.

quicken_mac_lion_available.jpg

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.

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As I said, Intuit is a totally sucky company with a terrible history with the Mac --- but, there are things about the way Quicken works that a lot of people like over what the competition has been offering. It is a good thing that Intuit has done this because there are so many people whose years and years of Quicken data had been orphaned by Intuit not updating their PowerPC code based software.

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Running this "new" version of ancient Quicken, I have the same feeling. Really feels like it was just a "patch", a set of instructions telling the old code base it's okay to run. In all fairness to Intuit (why should we be fair?), they do state that this is not the preferred software, you should use Quicken Essentials, but they still give no evidence of a clear or meaningful roadmap for future development. Once sucky, always sucky.

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My daughter is using YNAB3 and she loves it. She considers it life altering (in a good way). I tried using it and didn't care for it but I think that is because I lack the skill and discipline to budget anything. The program is very "budget-centric" and can, when used to its fullest, provide a lot more usefulness than most of the other personal finance programs that are basically electronic checkbooks.

In terms of software functioning, it rock solid, good interface, etc.

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I can finally upgrade to Lion!

We're all still wondering exactly what Intuit is up to but at least now all the old Quicken files are not orphaned anymore when running Lion. My suggestion always to anyone who is a little nervous about major OS upgrading, if you have more than one Mac, keep one of them on the older OS just for peace of mind. I never upgrade ALL the Macs all at once... and I'm glad I have followed this procedure all these years.

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Yes, I was thinking of doing my office Mac at school first and have been meaning to do it for a while, then doing one of the home ones before making the whole transition. Do you have any other suggestions for avoiding problems? Especially incompatible software and Pro Tools problems?

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I have a 4 year old mac book pro that I am going to replace the disc drive with a SSD unit

I was planning on partitioning the drive into a 10.6 section and a 10.7 section as my business records don't do 10.7

has anyone retrograded from Quicken Essentials to the newly rossetta-cised Quicken 2007 ?

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I have a 4 year old mac book pro that I am going to replace the disc drive with a SSD unit

I was planning on partitioning the drive into a 10.6 section and a 10.7 section as my business records don't do 10.7

has anyone retrograded from Quicken Essentials to the newly rossetta-cised Quicken 2007 ?

Question: what business records are broken in 10.7?

I have upgraded - downgraded - transitioned (?) to Quicken Essentials for personal use AND am also running the original Quicken files with the newly compatible Quicken 2007. I hesitate to refer to any of this as upgrade or downgrade since neither program has really changed at all. I exported the files out of Quicken Essentials (to get the old Quicken files into Essentials required a conversion) and then Imported into the "new" Quicken 2007. It all worked perfectly and Quicken 2007 works just fine, quite a bit faster performance than before. I don't do any of the banking interaction with either so I cannot weigh in on how well or how poorly Quicken 2007 or Quicken Essentials handles these things.

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Yes, I was thinking of doing my office Mac at school first and have been meaning to do it for a while, then doing one of the home ones before making the whole transition. Do you have any other suggestions for avoiding problems? Especially incompatible software and Pro Tools problems?

I don't have a current version of ProTools running under Lion so I can't give you any guidance on that. I'm sure others are up on this. I did not really have any problems going to Lion, now running on all my Macs here (my wife's iMac is still on 10.6.8). There are only two things that took a little getting used to and now used to these things there is one I still don't like. The reversed scrolling was little disconcerting but after I use it for awhile I like it. The whole way auto-save, Save and Save As has changed is still somewhat annoying but everyone seems to think that once you master how to handle it all it is a good thing.

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Made the leap to Lion with a new box in December.

Also lept into Essentials.

Exported prior years' data from Q07 and into Essentials. Seemed to work well, though how to know all the #'s / entries are there without toting up stuff (unwilling to tote and check).

Anyway...

In answer to Jeff's question, Essentials plays nicely with my banks / credit cards / money market. Better, in fact with my luddite local bank since I no longer have to create, download, and import .qif's: that process is now automated as with all else.

I like being able to tag transactions in addition to categorizing 'em for the accountant for later retrieval.

Still not my dream app, but it's working with less hassle than '07.

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I have used Account Edge on and off for years and years (originally M.Y.O.B.) and it is rock solid well supported software used worldwide. There were always a few things I didn't really care for in terms of user interface, data entry and so forth, so I stopped using it. I think at least once a year I go back into Account Edge and play around with it, entering past data and bringing it up to date, all in an effort to stay current with it if I really get fed up with Quicken or Quickbooks. For now I am sticking with Quicken Essentials for personal use and Quickbooks for business use.

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