Difference Between QuickBooks and Quicken
- Last Updated on: February 18th, 2019
- Posted by: QB
- Category: Quickbooks
Difference Between QuickBooks and Quicken: As a merchant, you can use the accounting software to manage your finances, create your business plans and make financial estimates. QuickBooks and Quicken are industry-leading accounting programs created by software company Intuit. Both are unique feature sets designed for different uses.
What is the difference between Quickbooks and Quicken?
QuickBooks Features: Why is Popular?:
However, QB is a full-featured financial and business management suite with tools for:
- Tax filing,
- Bank account tracking
- Reconciliation, Management,
- Payment processing,
- Accounts receivable and account payable management.
This feature is not a complete list of what QuickBooks can do. It can also plug several additional software tools for additional features. Essentially, the QuickBooks Business is a Swiss Army knife of financial instruments. Talk to a QuickBooks ProAdvisor to know about the QB in detail at QuickBooks Support number +1-855-441-4417 toll-free.
QB can do just what is needed for your business, but there are some features on which many businesses will never be needed, and the high price tag for the QB Professional may be the reason for looking elsewhere. Do you know QuickBooks and Quicken both have unique features?
QuickBooks will not be disappointed if you run a small medium-sized business and want to make sure that you can track all financial information and prepare reports in brief for any aspect of your business. Just be aware that there is a learning curve when you start, and when you first get the program and you go, all the features are not intuitive.
QB also offers a desktop version for a fixed fee and an online version via your web browser, smartphone or tablet for a monthly fee. Some features, such as payment processing and payroll management, charge additional fees despite the version you choose.
Quicken Features: Popular Product
Provides Quickbooks for small business, Quicken provides for individuals and families. Quicken tracks your:
- Account balance,
- Personal budget,
- And any other part of your personal financial life.
Although, The highest end version includes the ability to track rental properties and small business in addition to your personal information.
These features allow you to convert your computer into your Financial Command Center, in which each bank, investment and credit account is downloaded into Quicken. You can also track investment based on cost, to best understand the tax impacts of shopping, sales, and how you are building your portfolio.
Business tools are more limited than QuickBooks, but some families with rental properties work well for some or few, or someone who owns their own side hustle business or sole proprietorship. Ask an expert to know more about Quicken at Quicken support number 888 883-9555 toll-free.
Some Key Points:
If you want to track your personal financial information, Quicken has all of the features you could want. You can track everything related to your family’s finance in one place without any extra hassle.
If you have a small business, then you have a difficult decision. If you are an independent online freelancer, the features of Quicken may be sufficient for your business. But if you need something more strong, then there is a clear winner in terms of QuickBooks Features.
The hardest part is finding the right balance between costs and features because the QuickBooks offers more for the business, but there is even more cost. QuickBooks can offer more than required but in most cases, QuickBooks is better for business financial management that Quicken.
When starting, it is important to make a decision that you can stay together, because you can not easily convert data into QuickBooks, or vice versa. Each has its own download and data storage specification and both are not compatible.
If you are searching for your business entirely QuickBooks is clearly the best choice of both but there are also many other online accounting options to choose from.