I am sorry if this has been beaten to death, but I could not find anything useful. Here's the basic problem: One of my macs is running Quicken 2004 on 10.6. I would like to upgrade to Lion and thus need to upgrade Quicken. I have hesitated because from what I have heard, Quicken Essentials is useless, and Quicken 2007 was not compatible until recently. Sadly for me, on Quicken's site, it states that "File conversion is not possible for Quicken 2004 for Mac and prior versions. File conversion is only possible for Quicken for Mac 2005, 2006, 2007". What are my options here? Do I have to first purchase Quicken 2005, convert my data, then purchase and update to Quicken 2007? If this is possible, couldn't Intuit just include this process in the Quicken 2007 software?