US business and financial management software company Intuit has rolled out its Quicken Essentials for Mac (QEM) suite. QEM aims to provide Mac users with a means to handle the essentials of money management electronically.

QEM is Intuit’s first Mac-native application for Quicken, its personal finance management tool. QEM allows users to search for their bank, and synch using their online credentials. Also, QEM currently imports data from 12,000 financial institutions, with support from 18,000 expected by year end, thus lowering the need for data entry. QEM also includes a converter feature that transfers historical data from past Quicken for Mac (2005, 2006 and 2007), Quicken for Windows (2007, 2008 and 2009), and Microsoft Money.

Intuit continues to support Quicken Mac 2007 for those users who rely on features that have not been added to QEM, including stock lot accounting and high-level investment tracking, bill payment and integration with TurboTax.