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It took some time, but Intuit's Quicken Essentials for the Mac has finally been released, according to Apple Insider.
The updated version of the personal finance software is a new product that was developed in Cocoa to give it more of a "Mac feel." The new software has doubled the amount of banks available to 8,000 up from 4,000 in the previous version, Quicken Mac 2007. Intuit feels that they will gain access to 16,000 banks in the upcoming months.
"Quicken Essentials for Mac is the first Quicken product to take full advantage of the Mac operating system and development platform," said Aaron Patzer, vice president and general manager of Intuit's Personal Finance Group. "We're bringing a completely new Quicken experience to Mac users, helping them answer essential money questions - what do I spend, what do I earn, where do I stand on my budgets, what is my net worth, and where can I do better?"
The updated version also brings about a new learning algorithm, allowing the program to perform easier categorization. It will also allow previous Quicken users on both Windows and Macs to convert, as well as users of Microsoft Money.
Advertised features are:
- View your accounts all in one place. Our completely remained interface makes it easier than ever to see where you can save more and spend less.
- Save time and money. Quicken automatically categorizes transactions so you can see where your money's going and pay down debt.
- Avoid pesky overdraft and late fees. See your current balance, including upcoming bills and paychecks so you can always know where you stand.
However, you may not want to upgrade just yet, as the new update did drop some features from the 2007 edition. Quicken Essentials has a "light" investment feature, containing a view only version that doesn't perform tax lot accounting. Don't look for it to pay your bills either. Intuit said only about 6 percent of people used that feature. Lastly, there is no direct integration with TurboTax.
The product is available for $69.99 from Intuit as a direct download or as a CD-ROM. Intuit also had recently purchased Mint.com a few months ago, a free service that users can use for personal finance as well.
Image courtesy of AppScout.com