Intuit Lowers Quicken Essentials Price, Promises More Features

Intuit lowered the price of Quicken Essentials for the Mac from US$69.99 to $49.99 on Friday, and promised to implement new features in the personal financial management application by the end of the month.

New features planned for the end-of-month update include password protection for files and the ability to export transaction data to spreadsheets. Additional feature updates scheduled for later this year include the ability to export tax deductible expenses to tax filing applications, budget tracking, the ability to compare spending between time periods, and the ability to enter investment holdings from brokerage firms that don’t download to Quicken.

Quicken Essentials for the Mac was criticized when it was released for being feature poor, but apparently Intuit listened to customer complaints.

“We’re glad customers took it seriously when we asked for their feedback,” said Aaron Patzer, Intuit’s vice president of the Personal Finance Group. “These are the first in a series of changes we’re planning to ensure Quicken Essentials users have the tools they need to manage their money easily and affordably.”

Users that purchased Quicken Essentials for the Mac before April 19, 2010, are eligible for a $20 refund. The refund offer is good through May 21, 2010, and the request form is available at the Quicken Web site.