Lion fatally mauls Quicken for Mac
Summary: Apple killed Rosetta in Lion and aftershocks are starting to ripple through the Mac community as we approach the imminent release of Apple's next-generation operating system.
In February Apple killed support for Rosetta in Mac OS 10.7/Lion and aftershocks are starting to ripple through the Mac community as we approach the imminent release of Apple's next-generation operating system.
Rosetta was built to run PowerPC code on Intel Macs and it was intended to bridge a gap until software developers could make their code Intel-native. Most Mac developers invested in porting their applications to Intel, but some huge software monoliths --- like Intuit -- chose to bank extra profits instead of investing in their own code.
As a result, Quicken 2005, 2006 and 2007 for Mac will not work with Lion when it ships in the next several days. According to the Intuit FAQ on the issue:
Currently, Quicken for Mac 2005, 2006 or 2007 will not work on Lion... Quicken for Mac 2005, 2006 and 2007 were originally built for the older PowerPC architecture, and were able to run on newer Intel-based Macs due to an Apple technology called Rosetta. As of Mac OS X 10.7, Apple has discontinued support for Rosetta.
- Mint.com - Web-only
- Moneydance
- Checkbook Pro
- iBank
- iCash
- SEE Finance
- YNAB (You Need A Budget)
- Liquid Ledger
- Fortora Fresh Finance
One commenter ended their post with:
I really, really hate you, Intuit.
I asked a friend (and 20-year Quicken veteran) for his analysis of the post-Quicken Mac software landscape and frankly, it's a little bleak. While he had high hopes for the self-proclaimed Quicken-killer (a.k.a. iBank) the reality was something different, entirely.
The iBank site has user forum that is generally favorable, but not entirely so. I've been using it today and ready to trash it. Says it will import all Quicken for Mac, but it garbled it pretty badly. Handling loans is useless, in my opinion re., principal and interest splits.
All security transactions data [buy/sell, etc] was not transferred over in a fashion to match Quicken's Security Details -- a gold mine for investment performance, like IRR calculations over any time frame. Read: how did one do during and since the crash, when price is not the only consideration for performance.
Quicken was great in following these and adjusting cost basis when applicable for reinvested dividends. 25 years of data is available in a heart beat for multiple report options. Quicken for Mac budgeting was not as sharp as newer products, but it excels at cash flow and recurrent transaction regardless of the interval or frequency. Unforunately, Quicken for Mac had it last version dated 2007.
For my use, iBank is definitely a "Quicken Killer," but rather a wannabee that I'll soon forget. Even changing a reconciled entry or modifying an account type subject to an automatic lock down by iBank is not possible. For me, it's forgetaboutit.
Are you a Quicken/Mac user? What are you going to use when Lion roars into town?
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Talkback
RE: Lion fatally mauls Quicken for Mac
RE: Lion fatally mauls Quicken for Mac
You didn't drink koolaid didn't you?
This does not please Jobs.
RE: Lion fatally mauls Quicken for Mac
LOL!!!
i do own a 2011 15inch macbook pro and i am getting Lion when it gets out but my mom who uses quicken on her mac cant so she is not going to get the update as is and lol jobs koolaid? i also use windows and Linux.
Quicken sucks the big one...
This isn't an Apple caused issue, this is an Intuit caused issue. They have known for years that OS X was pulling away from Rosetta. They are the tools that chose not to do the work... Perhaps they are trying to transition to a web based only service. Perhaps they thought that Cloud services would rule by now... Any way you look at it, they have had more than enough time to comply with the changes they knew were coming. I guess they were too busy napping to care, about their own customers....
All I can say at this point is good riddance.
RE: Lion fatally mauls Quicken for Mac
i am surprised that intuit does not have his code straightened out already. it has been close to 4 years since the mac changed to intel.
what the hell is wrong with them? it just needs to port the code to support mac intel. how long does that take? do they need 15 years?
RE: Lion fatally mauls Quicken for Mac
Tried numerous programs ended with MoneyDance. For me it is a wonderful program. They have a new version out, however with our change over from Wachovia to Wells Fargo before I upgrade I need to see it this version, 2011r3-757, works with Wells Fargo and Lion as well.
As a Quicken alternative I can highly recommend MoneyDance. One feature that is nice is the same data file can be used, without conversion, on all MoneyDance products across all operating systems. Cannot do that with Quicken.
RE: Lion fatally mauls Quicken for Mac
Gave up on Quicken in 2006
But I'm a Moneydance guy now. Works almost as good as Quicken.
2006?
I bought my first Mac in 2005, and Quicken on the Mac was a joke even then.
I was a Quicken user from Version 2 for DOS, and was a beta tester for a few of the Windows versions. They let me down quite badly with their Mac versions.
"works almost as good as Quicken"
LOL. 'Nuff said.
When Quicken Works, That Is
Moneydance works 'almost as well as Quicken' when Quicken works. Apparently Intuit are not that concerned with seeing that it will continue to do so. When Quicken stops working, Moneydance works much better.
RE: Lion fatally mauls Quicken for Mac
really? i hate the fact that everytime quicken offers me upgrade offers, it disables my download abilities which blackmails me into buying the upgrades all the time. i am checking moneydance up to see how it is. i have been using quicken for eleven years now and played their littel game for too long.
RE: Lion fatally mauls Quicken for Mac
RE: Lion fatally mauls Quicken for Mac
RE: Lion fatally mauls Quicken for Mac
People can argue Mac vs. PC all they want, but at the end of the day, you can *ALWAYS* find Microsoft supported solution for software backward compatibility, i.e. virtualization or compatibility mode.
Not so with Apple, apparently. And that's why no enterprise IT would bet their critical line-of-business application on Apple's technology.
Really?
All technology has an end or life. Apple is more aggressive than most. Legacy holds MS back in the consumer space.
RE: Lion fatally mauls Quicken for Mac
agreed. i have mac and ipad for fun and entertaiment but for running my finances and paying my bills i use windows 7. funny that so many people call mac osx the perfect operating system but they do not have the majority of the market. i wonder why?
RE: Lion fatally mauls Quicken for Mac
RE: Lion fatally mauls Quicken for Mac
RE: Lion fatally mauls Quicken for Mac
FWIW, if you have a PC laying around, set up it for Remote Desktop with CoRD in an extra screen (or in Spaces). Add dropbox for easy file transfer, and you can control a full fledged PC with only a LAN cable and a power cable plugged in to the tower (and no processor or RAM overhead on your Mac).