Incompatible 32bit application reported for Quicken for Mac

Question

My Mac is reporting the following incompatibility: there is a 32b component which won't work on Catalina, as detailed below. I am running Mojave 10.14.6 on a 2018 Mac mini. Quicken version is Version 5.13.3 (Build 513.30586.100). How can I clean this up before upgrading to Catalina? I checked but I'm unable to find any discussion of this in the forums. Thank you.

QuickenFileExchangeUtility:

Reason:	32-bit

  Signer:	Quicken Inc.

  Last Used:	2019-05-05 11:38:04

  Path:	/Users/ravi/Library/Application Support/Quicken/Downloads/QuickenFileExchangeUtility.app/Contents/MacOS/QuickenFileExchangeUtility

  Team ID:	MQ5W46QNFN

  Signing ID:	com.quicken.QuickenFileExchangeUtility

  Signing Hash:	a6b68ba687d6229526be1bf9664de8728dd391ee

  Parent Process:	/Applications/Quicken.app/Contents/MacOS/Quicken

John_in_NC · Accepted Answer

Hi, Ravi

You don't have to worry about this if you are actively using 5.13.

The Quicken File Exchange Utility is for converting data files from older versions (2007 and older) of Quicken for Mac.

If you are already up and running with 5.13, you aren't affected. And even if you again need to convert files in the future, 5.13 now provides a different conversion mechanism, so that old utility tool is no longer needed.

You are in good shape to upgrade to Catalina in this regards.

John_in_NC · Accepted Answer

RickO mentioned the path, although I personally wouldn't bother with finding/deleting it. It's small.
All it was was a simplified version (convertor code) of Quicken 2007-hence why it won't run under Catalina.
It won't download again-QWin/QMac 2007 older conversions are now handled via Quicken Cloud services

John_in_NC · Accepted Answer

Correct.