Users of Quicken 2005, 2006, and 2007 who read sites like TidBITS almost certainly know already that Intuit’s financial-tracking software was never properly updated for Intel-based Macs, and will not function under Mac OS X Lion. For as long as Intel-based Macs have been on the market, Quicken has run under the sufferance of the Rosetta emulator, which allows old PowerPC-based software to keep on trucking. As far as anyone can tell at this point, Rosetta will not be available for Lion. (See “Rosetta and Lion: Get Over It?,” 23 May 2011.)
However, not every Quicken user will be as up to speed as you and I. That’s why I, as a registered Quicken owner, was pleased to receive email from Intuit reminding me of, and clarifying the situation with, Lion compatibility issues. While the under-featured Quicken Essentials is ready for Lion, the 2005 through 2007 versions will not work in Lion. There have been rumors that Intuit and Apple might be working together to create a hybrid Rosetta/Quicken monster to enable the software to keep running, but for now, those remain rumors.
Potentially more important, Intuit also noted that Lion users will not be able to import data into Quicken Essentials from Quicken 2005, 2006, and 2007, due to the converters requiring Rosetta as well. That’s simply ridiculous, I have to say. There’s no excuse for Intuit’s inability to update a converter for Lion, a fraction of the work required to fix an app.
What I found most interesting about Intuit’s email message, which links to this longer support document about Quicken and Lion, is that Intuit now openly acknowledges the problems that have kept Quicken Essentials from being a legitimate replacement for previous versions:
This option [using Quicken Essentials] is ideal if you do not track investment transactions and history, use online bill pay or rely on specific reports that might not be present in Quicken Essentials for Mac.