Quicken has always been a popular choice for keeping tabs on Mac users’ finances, but publisher Intuit hit a speed bump with the product when Apple moved from PowerPC to Intel processors — and then completely wiped out when OS X Lion removed Rosetta, the key to running PowerPC apps. But a new Lion-compatible install of Quicken may be the first step in a new direction.

MacRumors is reporting that Intuit has started to quietly offer “Quicken Mac 2007 OS X Lion Compatible,” a $14.99 update for the company’s aging financial software that finally marks the end to a long national nightmare for many Mac users. With Apple removing Rosetta from OS X Lion, apps written for the older PowerPC processors finally broke — and Quicken 2007 was one of the most high-profile of them all.

For whatever reason, publisher Intuit chose to abandon development of its aging Quicken 2007 in favor of the more simplified Quicken Essentials for Mac — a decision none too popular with its loyal customers. The oddly worded Quicken Mac 2007 OS X Lion Compatible update now attempts to right that wrong, and could set the stage for a bigger version yet to come.

According to a Quicken for Lion FAQ page, the Quicken Mac 2007 OS X Lion Compatible version is available as either a download or via CD direct from Intuit for $14.99 and will accept data files from Quicken Mac 2005-2007 as well as Quicken Essentials.

“Quicken Mac 2005 – 2007 data files will automatically convert into the Lion compatible version,” the support document reads. “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.”

The move is great news for dedicated fans of Quicken 2007, but here’s hoping Intuit will go whole-hog with a swanky new version of the software in the future.

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Article source: http://www.maclife.com/article/news/intuit_now_offers_os_x_lion_compatible_quicken_mac_2007