Intuit announces Quicken for Mac 2006

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Mountain View, Calif.-based financial software maker, Intuit on Monday announced the release of Quicken for Mac 2006, the newest version of the company’s personal finance application. In addition to more than 50 enhancements in the new version, Quicken 2006 also includes some Mac only features such as integration with Apple’s .Mac service.

One new feature called Smart Payee is aimed at helping customers save time and make reading downloaded bank transactions easier. Often times when statements are downloaded from a bank they include extraneous information like the store number that make reading the statement more difficult. With Smart Payee you can change the name to something simpler and all future occurrences will be automatically renamed for you.

As an exclusive Macintosh feature in Quicken, when a Smart Payee is defined, all past transactions are also changed, making reports more manageable and easier to read, according to Intuit. There is also a way to reverse the Smart Payee feature to revert all information back to the way it was originally on the bank statement.

“Smart Payee is a huge timesaver that’s very easy for the customer to setup and use,” Aruna Harder, Quicken Product Manager, told MacCentral. “Customers want to ensure the accuracy of their transactions.”

Another feature included in the new version specifically for Mac users is integration with Apple’s .Mac service. If you have a .Mac account you can now backup your financial data from Quicken. While the feature doesn’t allow information to be synced on multiple computers like iSync, it does allow newer data to be restored on another computer from .Mac.

In response to customer requests Intuit has made more choices available in scheduling transactions. While scheduling has been a timesaver for many customers, Intuit’s Aruna Harder explained that the feature didn’t always give customers enough flexibility. The new version of Quicken allows: Monthly: the [Third] [Monday] of every [1] month(s); Twice a month: On the [15th] and last day of the month; Twice a year: allow user to enter specific dates for payments; and Customer can also select estimated tax payment dates as an explicit option.

Couples can also download multiple accounts from the same institution, allowing them to get a better picture of their finances – a popular request among its users, according to Harder.

Quicken for Mac 2006 includes many other customer requested transactions that Intuit believes makes it the best personal financial product on the market for the Mac.

“There really is no product out there that handles personal finance like Quicken,” said Harder.

Quicken for Mac 2006 is available immediately for $69.95 with a $20 rebate for all users through November 30, 2005. Quicken requires a Mac using Mac OS X 10.2.8, 10.3.9 or 10.4.1 with 128MB RAM and 100MB of free hard drive space.

This story, "Intuit announces Quicken for Mac 2006" was originally published by PCWorld.

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