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Posted at 03:06 PM ET, 07/25/2011

Quicken weighing its post-PowerPC options for the Mac


OS X Lion dropped Power PC support, making some Mac programs completetly obsolete. (BECK DIEFENBACH/REUTERS)
Mac OS X Lion roared and hailed the end of Quicken 2007 on the Mac, as Apple removed any kind of support for its Power PC programs from its latest operating system. While Intuit has made a Quicken Mac Essentials tool that will run on Intel-based Macs, it lacks the functionality of bill pay and investment tracking, two features that make the 2007 Mac version appealing to many of its customers. The company reached out to Quickey 2007 owners to let them know about the issues, but has yet to offer a definitive fix.

So what’s a Mac finance whiz to do? According to Aaron Forth, VP and general manager of personal finance at Intuit, Quicken 2007 fans have a few options.

“For folks that are using Quicken ’07 who are not relying on the bill pay and investments, you can upgrade, export and install Quicken Essentials.” Forth said that the company has already sent out e-mails to Quicken 2007 customers offering them a 50 percent discount on the Mac program.

And what about those who do rely on the missing features? Forth said that Quicken is weighing its choices. “We have some options on the table,” he said.

“For folks that are dependent upon the investment and bill capabilities, we’d say don’t upgrade immediately. Wait a little bit and we’ll publish a timeline and a timeframe [to fix those issues.] The intent is that we’ll have a great solution well before anyone’s forced to upgrade,” he said.

Those concerned more with mobile access, Forth said, could take a look at Mint.com, a personal finance management system that’s entirely on the Web. Mint.com now lets users manually input their daily transactions and will keep track of account, stock and other information a user inputs into it Web service.

A drawback of Mint for Quicken users, apart from entrusting their financial information to the cloud, is that it’s not currently possible to export data from Quicken 2007 to Mint.

Forth said that the company has had a change of leadership on its finance team, and that Intuit is currently taking a close look at how to proceed on the Mac.

“We saw this coming and there’s been lots of churn over the years over Quicken and the Mac operating system,” Forth said. “It’s not a legacy that Intuit’s particularly proud of.”

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By  |  03:06 PM ET, 07/25/2011

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