The Difference Between Quicken & QuickBooks


We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Both Quicken and QuickBooks are strong contenders in any finance arsenal, but their uses depend on what type of finances you need to manage. Quicken is best for handling your personal finances while QuickBooks is best for managing your small business, unless you’re a landlord—then you want Quicken. Quicken offers more bang for your personal finance buck, but QuickBooks is more intuitive and easier to use.

  • Kathy Haan, MBA is a former financial advisor-turned-writer and business coach.
  • Additionally, we can quickly setup Quicken software to custom fit your unique requirements and deploy resources almost immediately, ensuring quicker TAT and affordable prices.
  • QuickBooks Desktop’s mobile app isn’t nearly as robust as its Online plan.
  • Quicken® files can be imported easily into QuickBooks®, a popular small-business accounting package, if a more sophisticated financial record-keeping system is required in the future.

Please keep in mind third parties may use a different long term liabilities examples score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income. Stay on top of your spending by tracking what’s left after the bills are paid. Make more informed money decisions by creating custom budgets you’ll stick to. QuickBooks is popular, but it’s expensive and requires some accounting knowledge. Its customer support is not highly rated, and it may not have all the customization options your small business needs.

Who should use QuickBooks vs. Quicken?

Quicken automatically recognizes when you make new invoices within the tool and adds the outstanding payments to your budgeting tools, so you never lose track of a pending payment again. Quicken Home & Business offers free bill pay once you activate the tool on your account. For the less feature-rich Quicken plans like Starter and Deluxe, you can purchase bill pay for under $10 a month or access the feature through your bank. Quicken Home & Business also uses a visual dashboard for budgeting. The tool recognizes recurring payments and expenditures and uses those plus any manual entries to personalize your budget requirements. Although they’re managed within the same interface, you can separate your home and business budgets.

Use the apps you know and love to keep your business running smoothly. QuickBooks Online works on your PC, Mac, tablets, and phones. Personal financial management is the software that powers personal finance and many mobile banking apps. It’s easy to generate all kinds of reports about your business, from banking to spending to net worth. It also lets you split receipts across multiple spending categories—so if you did some personal and business shopping on the same trip, you can separate these expenses easily. These features can help keep your cash flow organized so you can see where your money is going.

QuickFill features recognize and complete repetitive transactions to reduce the typing required. Splits of transactions allow a specific transaction to be divided into as many as 30 components with different category and/or tag assignments. For example, a check written to a farm supply store could be separated into expenses for fertilizer for wheat, feed for hogs and fuel for checking cattle.

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If you’re a business owner, you likely have even more thanks to the plethora of tools available. Both have features which allow you to track income and expense information by enterprise for better financial analysis (tag in Quicken®, class in QuickBooks®). Quicken® Deluxe is subscription based and costs $49.99 per year; QuickBooks® subscriptions can be purchased from $30 to $60 per month, based on needed features. The ability to easily generate cash flow reports as well as budgets based on past transactions. Prior to becoming an editor, she covered small business and taxes at NerdWallet.

Quicken bookkeeping software#

Whether you use the QuickBooks Desktop or QuickBooks Online plan, it’s best for small business finances, unless your small business involves being a landlord. In that case, take advantage of Quicken’s rental property features in its Home & Business plan. Buy QuickBooks as a desktop program or as part of an online program. Starting at $15 per month, QuickBooks Online offers features such as a more robust mobile app, real-time collaboration and access on the go.

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You have a new small and want one tool to track personal and business finances. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Quicken competes with 185 competitor tools in accounting category.

Compare the Top Accounting Software that integrates with Quicken of 2023

It also has tools that let you track and payoff your debt. I’m old enough to remember the envelope method of budgeting. When the money in the grocery envelope ran out, we stopped going to the grocery story until payday . Today, the envelope budget is still a smart way to manage money for those living paycheck-to-paycheck.

There are a variety of QuickBooks packages available to cater to startups, small to mid-size, and enterprises. QB streamlines the accounting process and all of its operations so you can have smooth sailing. If you want to migrate Quicken data to a new budgeting app, CountAbout is a solid option. It has features enabling users to migrate data from Quicken or Mint.

The software can be used to track income and expenses, create invoices and receipts, and generate financial reports. QuickBooks has more features for small businesses, such as the ability to track inventory and create invoices. Ultimately, the best accounting software for you depends on your specific needs and budget. If you’re managing your personal finances, choose Quicken. Accounting software such as Quicken has made the life easier for people who offer finance and accounting services, and are into managing personal & business finances. With a simple interface it can help manage your money and cash flow by bringing all disparate accounts into a single place.

These features allow you to turn your computer into your financial command center with updated information from each bank, investment, and credit account downloaded right into Quicken. You can also track investments using cost basis to best understand the tax implications of buying, selling, and how you are building your portfolio. This article compares how QuickBooks and Quicken approach the major small business accounting software features you need and ends with some tips on how to choose between them.


The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners. Two of the most popular options are Quicken and Intuit QuickBooks. We’ll compare key features, as well as highlight the differences between the two products to help you determine which to choose from. Plan for today and tomorrow with one solution to manage all your finances. However, this feature is of limited value to most farmers and ranchers as it is designed for a retail business.

You can access a browser and mobile version of the tools, both of which are less feature-rich than the desktop version. Accounts sync across all three versions of the Quicken app, but you’ll find limited features in some versions of the tools. Quicken Home & Business is currently available only on Windows machines.

After a 14-day trial, you’ll pay $99.99 a year (down from $129.99). If you want to pay month-to-month, the cost is $12,99 per month. Still, I know that some folks are passionate about Financial Peace University. With so many apps going online, Moneydance takes a different approach. You download Moneydance software rather than use it online.

QuickBooks charges $30 to $200 per month, depending on the features and number of users you need. Quicken has limited integrations while QuickBooks Online has more than 750, making QuickBooks the clear winner. It even has built-in integrations, like QuickBooks Payroll, QuickBooks Time, QuickBooks Payments, and Intuit Merchant Services. On top of these, you can add apps like Shopify and Square to manage your ecommerce business.

Additional services include one-time instructional set-ups and troubleshooting. I provide a hands-on approach to instruction, with the client learning while working on live data to gain firsthand experience of the steps involved. Problems are solved and questions are answered with the client’s real data, leaving them comfortable with their books.

Both programs were part of Intuit , but Quicken was sold to H.I.G. Capital in 2016. Don’t spend much longer choosing your accounting software. Contact us today to get a short list of qualified vendors who will meet your needs. You’ll need payroll features as soon as you hire your first employee. This is for your protection as much as theirs as an oversight could cost you fees or interest payments if you fail to follow payroll laws or pay payroll taxes. Small businesses have to automate, otherwise the principal owners will spend all their time working on their business and no time working in their business.


The QuickBooks ProAdvisors at Dermody, Burke & Brown (DB&B) are responsible for implementing, training and supporting the accounting software. We assist our clients in establishing and maintaining streamlined bookkeeping and financial accounting functions – to save you time and help you grow your business. Our ProAdvisors can also assist clients with Quicken to QuickBooks conversions.

  • QuickBooks Online works on your PC, Mac, tablets, and phones.
  • With a few clicks you can begin creating accounts and making transactions in minutes.
  • This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.
  • Unlike most point-of-sale applications the total integration of Acumen allows greater depth in reporting, information analysis and provides total control over your business to help it grow.

The top alternatives for Quicken accounting tool are QuickBooks with 36.99%, NetSuite with 8.42%, Cognos with 7.32% market share. You have to export to QIF first from your previous accounting software into a single file or three separate files, Categories, Accounts and transactions. These files have to be imported to iCash in this same order. It acts as an accounting software for small to mid-size businesses and utilizes the double-entry method of accounting.