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Quicken to iBank

I have been asked by a client to convert his personal financial info from Quicken 98 to iBank on his new Apple Mac.
He has a version of Quicken 2004. I'm assuming that the Quicken 98 files would be better converted to 2004 before inporting into iBank?

Does anyone have experience of iBank and the conversion process from Quicken?
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Innocentdevil, thanks for your info. However, I am trying to get the QIF files across to the MAC from a Windows PC which has Quicken 2004 installed.

I have exported each individual account (12 of them) as a separate QIF file. What I can't figure out is that when I import them into iBank on the Mac, each account creates a separate window??  I can't figure out a method of recreating what I have on the PC. E.g., a document which has all the account nested in rows within the document window.