The original Quicken Mac 2007 supplied a variety of features missing from the more recent release of Essentials 2010, including export to TurboTax, investment tracking and direct bill payments. However, the old version relied on PowerPC code that wouldn't work on OS X Lion, which has terminated support for Rosetta translation.
Intuit has now "reengineered" Quicken Mac 2007 so that it can run on OS X Lion, and the new update, available as a digital download or on CD-ROM, can import and convert data from Quicken Mac 2005, 2006 or 2007 or Quicken Essentials 2010.
Intuit recommends that "new Quicken customers should choose Quicken Essentials for Mac to get started," rather than getting the updated 2007 version with more expert features.
Intuit sells multiple versions of Quicken 2012 for Windows, which it has updated annually. During the five year wait for fully functional software capable of running on the latest Macs, many users have switched to alternatives, including the native iBank, available in the Mac App Store and in a mobile version for iPhone.