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How to Run Quicken 2007 After Upgrading to Mac OS X 10.7 (Lion)

Written by Nickel - 13 Comments

How to Run Quicken 2007 After Upgrading to Mac OS X 10.7 (Lion)

At the risk of beating a dead horse, I have a bit more info on the Quicken/Mac OS X Lion debacle… According to MacRumors, OS X Lion will allow you to run multiple copies of OS X in virtual machines on a single computer. This means that you should be able to update to Lion (10.7) but continue running Snow Leopard (10.6) or earlier using VMware Fusion or Parallels.

Translation: If you have (or are willing to buy/install) Fusion or Parallels, you can update to the newest version of OS X while still running an older version that supports Rosetta, and thus Quicken 2007.

This is a somewhat clunky workaround, but if you’re willing to run Windows in a virtual machine in order to keep using Quicken, then you’re probably willing to run a second version of Mac OS X in the same fashion.

In other news, I received an e-mail from Intuit last night finally acknowledging the lack of compatibility. Their recommended solutions were to “upgrade” (i.e., downgrade) to Quicken Essentials for Mac, switch to Mint.com, or switch to Quicken for Windows.

Of course, there are other (non-Quicken) options out there. I will try to put together a list of these options sometime in the near future. If you have any suggestions, please leave them in the comments.

Source: MacRumors via OS X Daily via George from Tulsa

Published on July 6th, 2011
Modified on July 12th, 2011 - 13 Comments
Filed under: Miscellany

About the author: is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!

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13 Responses to “How to Run Quicken 2007 After Upgrading to Mac OS X 10.7 (Lion)”

  1. 1
    driverblock Says:

    I certainly hope you’re right, but you have nevertheless made a rash assumption: it may not be possible to run Snow Leopard Client in a virtual machine under Lion. You may only be able to run other virtual instances of Lion. Which doesn’t help the Quicken situation at all.

  2. 2
    Nickel Says:

    driverblock: According to the discussion following the article at the OS X Daily link above, it will be possible to run Snow Leopard, which means that Rosetta-dependent apps should work.

  3. 3
    driverblock Says:

    Yes, I see that. Not exactly an authoritative-looking post. You may continue to color me skeptical-yet-hopeful.

  4. 4
    Tom A. Says:

    I would really appreciate some alternatives. Quicken Essentials will probably do what I want. I don’t track investments, though I do have transactions on investment accounts. I use online bill pay, but I can move those transactions over to my bank’s web site. Running Quicken for Windows on a virtual machine would probably be the easiest solution, but I am just irked at the thought of giving any more money to a company that cares so little about its users.

  5. 5
    Garoffice Says:

    Let me know if/when you find a suitable Mac compatible replacement for Quicken. I’m in the same boat and have used Quicken for eons! Dare I say it? Is Microsoft Money still supported and does it work on the Mac?!

  6. 6
    Mike P. Says:

    iBank from IGG Software is a great Quicken alternative. I switched years ago and haven’t looked back since.

  7. 7
    Jared Says:

    Apple Employee here — Use Virtual Box to emulate 10.6, it’s free.

  8. 8
    rdl Says:

    I tried iBank but it totally fell down on the investment transactions. They have a flaw, have recognized and as of yet haven’t corrected it. I’ve been working with them since last year and they do not seem to be taking it seriously.

    MoneyDance, same sort of issues.

    See Finance works. It’s not even 1.0 and I worry if they will be around for the long term but they let you try a full version and it seems to handle all accounts well. It also does exports that I was able to put back in Quicken should that become needed. I’m still looking but I have ruled out iBank and MoneyDance.

    If you don’t track investments, iBank should be a great alternative.

    I’m sure there are other alternatives to consider as well but don’t trust any review that doesn’t mention investment accounts with short sales if you have that in your accounts. Most reviewers won’t take the time to go into that kind of detail.

  9. 9
    Joseph Leary Says:

    I went ahead and upgraded to Lion and now have the unsupported 2007 Quicken wherein I kept a file containing my passwords…. in a perfect storm my backup device failed. I’m wondering if I get the Quicken Essentials will I be able to actually use it in its unsupported state to convert unsupported to the supported and get my passwords….. thanks to anyone with an answer….Joe

  10. 10
    Jared Says:

    Joe — Apple Employee here, split your drive or use an external drive and install 10.6 on the second partition, then you can install 07 Quicken and move your data file over to the other partition

  11. 11
    Joseph leary Says:

    Thanks Jared, please consider this, my wife has a Macbook with Snow Leopard, no lion upgrade yet, she also has Quicken 07. Even though my 07 Quicken is presently inaccessible and unresponsive the Apple Genius Group, locally, managed to shift some of the Quicken files to my wife’s MacBook in the hope of opening them and recovering the passwords, the problem was that we didn’t know what files actually contain the Emergency Records which contain the passwords,( I intend to call Quicken for advise on Monday) does this info change your advise at all….. Joe

  12. 12
    MichaelLAX Says:

    Installation instructions for Snow Leopard (and Rosetta) into Parallels 7 in Lion:

    http://forums.macrumors.com/sh.....st14799174

  13. 13
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