How can I import Quicken Files from a G4 to a new iMac.

I need to transfer my Quicken 2007 files from my G4 to my new iMac. My G4 is running OS 10.4 and Quicken Essentials for Mac requires 10.5 or above. My G4 cannot run 10.5. My iMac is running Lion and I've heard if I load Mac Essentials on my iMac, I won't be able to import the files from my G4. Anybody have any ideas?
I've been considering making a copy of my system and applications folders on an external firewire drive, then connecting it to my iMac. I thne plan to use the external drive as a startup disk and load Quicken essentials on the external drive. Then, once eveything is loaded, I was hoping I could copy the files and pull them over to my applications folder on my iMac. Does anybody know if that will work?

I'm in the same boat!!! Been a long Time Quicken user and they finally made the software almost un-useable. I have 2 intel laptops in the house and a G4. The intel systems are both running Lion had I known the quicken conversion software dosen't run on Lion I would have converted all my quicken backups (going back to 1997) before installing Lion.
To answer your question, what I have found out is convert all your files on Lepoard then update to lion. The conversion software that comes with Quicken Essentials will work on Lepoard. Thats how I converted mine. But last week I needed to go back to and old backup looking for some transactions and found the Lion issue. Had to boot up the G4 and load the old Quicken software to look at the backups.
Been really thinking of switching to another product.

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