Typically, Quicken checks to see if you are on the latest release and if a new release is available, it asks if you would like to update. This is referred called an automatic update. A manual update allows you to download and install the update yourself.
Before updating to the latest release:
If you don't use transaction download or Billpay, you can go right to downloading the manual update:
Refer to the Quicken 2012 Release Notes to see what is included in each Quicken release.
The Mondo Patch is just like a regular update, except when it updates the Quicken files, it updates all of them, if there are updates to the files or not, rather than relying on the system to update the files that had version change. This update also takes longer to install.
Download the Mondo Patch.