Quicken Vs QuickBooks (Difference Between Quicken And QuickBooks)

Errors Problem Solutions Quickbooks Errors Solution Quicken Errors Solution

Want to know the difference between Quicken and QuickBooks, then we are here with an article to Equip you with awareness about their differences. Here the details of differences are organized in such a way that is easy to understand on the basis of different parameters. Read this article to know the features, versions, launch year, and price, etc. stay with us for better learning. If you have any query or need help contact our QuickBooks ProAdvisor toll-free: +1-844-405-0904

Need to compare Quicken vs QuickBooks? Which is better Quicken or QuickBooks?

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.

Quicken vs QuickBooks

Difference Between QuickBooks And Quicken?

QuickBooks & Its Features

QuickBooks is a full-featured financial and business management suite with tools for:

  • Inventory,
  • Payroll,
  • Accounting,
  • Invoicing,
  • Tax filing,
  • Bank account tracking
  • Reconciliation, Management,
  • Budget,
  • Payment processing,
  • Expenditure
  • 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 it in detail.

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 & Its Features

Provides Quickbooks for small business, Quicken provides for individuals and families. Quicken tracks your:

  • Account balance,
  • Transaction,
  • Investment,
  • Personal budget,
  • Loan,
  • 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+1-844-405-0904 toll-free.

Comparison Chart Of Quicken Home & Business Vs QuickBooks Online

QuickBooks OnlineQuicken
Software FormatDesktop software; Ability to sync with online Quicken accountsAvailable as QuickBooks Online and QuickBooks Hosting
Best ForFor Small BusinessPersonal Finance Management
Payroll FeatureYesNo
File Format*.QBM, *.QBA, *.QBW,*.QDF
Online Support OptionsHelp Website &KnowledgeOnline Community for FAQ’s
Free Trial30- days free trialN/A
Multi-user capabilitiesUp to 25 users, depending on subscription tierN/A
SubscriptionMonthly SubscriptionAnnual Subscription
Accounting CapabilityDouble EntrySingle Entry
Invoice and Tax FeatureYesNo
Current VersionsQuickBooks Pro, QuickBooks Premier, QuickBooks Enterprise, QuickBooks AccountantQuicken Starter, Quicken Deluxe, Quicken Rental Property Manager, Quicken Premier, and Quicken Home & Business
Current OwnerIntuit Inc.H.I.G. Capital
No. of Users that it can host1(Depending on price & Plan)5(Depending on price & Plan)
Integration with Other SystemsPayroll- Intuit Online, Credit Card processing: Intuit, Ecommerce: Shopify, Square, Merchant ServicesPayroll: N/A Credit Card, processing: Paypal Ecommerce: N/A, Home Valuation Tool: Zillow Zestimate Document, Storage: DropBox
Pricing PoliciesSelf-Employed: $15/month, Simple Start: $25/month, Essentials: $40/month, Plus: $70/month, Advanced: $150/monthStarter: $34.99/year, Deluxe: $49.99/year, Premier: $74.99/year, Home & Business: $99.99/year
1099 ReportingYesN/A
Inventory TrackingYesN/A
Mobile AppAndroid & iOSAndroid & iOS

Why You Should Consider QuickBooks Over Quicken

There are several reasons to choose QuickBooks over Quicken, let’s discuss the important key points:

Multi-User Access

As we know very well, QuickBooks is the cloud accounting software where anyone with your user ID and password can access your data from anywhere. In the same way, this functionality allows your bookkeeper and accountant to access your data very easily and allot to work with any interruption.

Quicken is a desktop application, but will synchronize your data file to the cloud and allow remote access via smartphone or web app. However, applications have limited functionality and cannot be used for any business activity such as sending invoices and recording records.

Automatic Mileage Tracking

QuickBooks Online has a smartphone application that automatically tracks your business miles by using the GPS function.

But, in Quicken you need to add manually your business miles and then input them and there is no mileage tracker application available for smartphones.

Grows With Your Business

If you are using QuickBooks Online then you don’t need to switch your accounting software as much as you grow with your business. You just need to activate payroll (with additional fees) whenever you hire your first employee. You can also begin tracking contractors to issue 1099s when the need occurs and even track inventory if you thinking to start selling products.

Deep Comparison Based On Various Features Of QuickBooks And Quicken

Pricing

Quicken and QuickBooks Online both are purchased on a subscription. QuickBooks Online offers you a monthly subscription that will continue till you cancel it. Quicken offers you the yearly subscription and you have to auto-renew each year until you cancel.

QuickenQuickBooks
Starter: $34.99, Deluxe: $49.99, Premier: $74.99, HomeBusiness: $99.99Self-Employed: $15 per month, Simple Start: $25 per month, Essentials: $40 per month, Plus: $70 per month, Advanced: $150 per month

Accounting Features

QuickenQuickBooks
Quicken is basically a personal finance tool and not good enough for small businesses. Although it can be good than QuickBooks if you have a rental business and you need a software to manage tracks of tenants, lease terms, and rental rates.QuickBooks offers you advanced features of accounting. It allows us to balance and reconcile your account, create invoices and bills, enter bills and track sale tax. QB also offers bank feed rules that permit you to tailor your bank transactions automatically if they meet your certain standards.

Mobile Apps

Quicken and QuickBooks Online both enable you to access your data on the mobile app. The app is available for both iOS and Android devices for both products. But in Quicken mobile apps, you cannot create customer invoices or enter unpaid bills in the mobile app.

Several tasks that are performed by the mobile apps.

Customer-Friendly: Easy To Use

QuickenQuickBooks
Quicken is a little difficult to use than QB while conducting business activities because the program is designed to do a lot more than business accounting. And the dashboard is also difficult to understand.QuickBooks is a very handy accounting software because tasks are arranged by workflow, which makes it much easier to get the aspired task. The QuickBooks Online dashboard is very friendly allows you to easily operate the program. 

Integration With Other Products

When we are talking about integration then there is no match between QuickBooks and Quicken because Quicken only integrates with three other products while Qb is integrated with more than 600 products.

QuickenQuickBooks
Credit Card Processing: Paypal, Home Valuation Tool: Zillow Zestimate Document, Storage: DropBoxPayroll- Intuit Online, Credit Card processing: Intuit, Ecommerce: Shopify, Square, Merchant Services and many more
QuickenQuickBooks
You can view account balances and transactions & input account transactions and attach receipts. Inspect your budget created with the desktop programYou can add new customers, vendors and create customer invoices. Qb apps allow you to take pictures and attach receipts to transactions, Easily enter vendor bills

Customer Technical Support

QuickenQuickBooks
Quicken offers Online Community for FAQ’s to the assistance of their Customers. For this, you must login into your account to access this information. The customer help team is also available Monday to Friday from 5 a.m. to 5 p.m PSTQB provides live customer support. You can also directly chat with a customer help rep. To start chat, login to your account > click Help menu. Customer help reps are available Monday to Friday from 6 a.m. to 6 p.m. PST and on Saturday from 6 a.m. to 3 p.m PST.

Ending Words

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.

Difference between QuickBooks and Quicken

The hardest part is finding the right balance between costs and features because QuickBooks offers more for the business, but there is even more costly. 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. Read this article to find top accounting software for small businesses.

Quicken vs QuickBooks: A Comparison

Quicken vs QuickBooks, which financial accounting software is better? this question echoes the sentiment of every user who works on Quicken or QuickBooks whether they are seasoned or novices with the software. Nonetheless, the differences between Quicken and QuickBooks are numerous. The main distinguishing factor between Quicken and QuickBooks arise from one particular discernment. They’re meant for two different types of financial purposes.

Quicken primarily manages personal finances, with a few business finance capabilities thrown in for those with side businesses or rental properties. QuickBooks, on the other hand, is designed specifically for business finances and all of the intricacies they require accounting software.

Beyond this basic difference between Quicken and QuickBooks, there’s a lot to parse when comparing the two accounting software options for your small business, so let’s dive right into our comparison of Quicken vs. QuickBooks.

The Fundamentals – Quicken vs QuickBooks 

Quicken Home & Business Fundamentals

Quicken Home & Business accounting software offers all the ins and outs that come with the Premier version of Quicken’s personal accounting software. Think spending tracking, budget goals, and loan management, pretty much anything you’d need from a personal accounting software. Quicken Home & Business, however, will also categorize your expenses, provide profit/loss projections, run cash flow reports, and help maximize your business tax deductions.

QuickBooks Online Fundamentals

Different from Quicken Home & Business, QuickBooks Online is an accounting software option designed solely for business finances. So, whereas Quicken offers a few business features here and there, QuickBooks Online is all business, all the time. QuickBooks Online is available in three tiers Simple Start, Essentials, and Plus each of which will allow you to perform crucial business accounting functions like track income, track expenses, send invoices, print checks, and integrate with other financial applications. QuickBooks Online Essentials and Plus will offer you even more.

With the Essentials plan, you’ll also be able to add up to three users to your account, set up recurring invoices, manage vendor bills, and track billable hours by customer. With QuickBooks Online Plus, you’ll be able to access all the perks of the Essential plan, but you’ll also be able to add up to five users, prepare and print 1099s, track inventory, and create purchase orders.

The Verdict

Quicken tracks personal and business finances as while QuickBooks has one primary function. If you want to use one application to track your personal and business finances, Quicken does a great job of managing personal finances and handling investment accounts. So, in this criterion, Quicken is a more preferable option

Pricing – Quicken vs QuickBooks

Quicken 

Quicken Offers More Affordable, Annually-Billed Pricing. One of the main reasons that the question of Quickens vs. QuickBooks even comes up in the first place. Quicken pricing is much more affordable than QuickBooks. As a reminder, Quicken Home & Business will only cost you $99.99 a year.

QuickBooks

Meanwhile, even the most affordable QuickBooks Online option Simple Start will cost you $20 a month, or $240 a year. Even with the 50% discount for your first three months, you’ll be paying $210 for QuickBooks Online Simple Start. Even at its cheapest, QuickBooks Online will still cost twice as much as Quicken every year.

However, this extra cost is often worth it as QuickBooks Online will offer your business with several advantages. Even just being able to set up automatic accounts receivable and payable tracking through QuickBooks could give you your extra money’s worth. Saving a few dollars every year by choosing Quicken will mean that you’ll have to manually track your accounts payable and receivable.

The Verdict

In this criterion, the comparison can be considered a tie as both the software are preferable for different reasons.

Accounting Features – Quicken vs QuickBooks 

Quicken

Quicken is predominantly a personal finance tool and isn’t great for small businesses. However, it can be a better fit than QuickBooks if you have a rental property business and need software that is customized to keep track of tenants, rental rates, and lease terms. Otherwise, you’ll want to use QuickBooks for your business needs.

QuickBooks

QuickBooks offers superior business accounting features. Both QuickBooks Online and Quicken allow you to track money in, money out. Both allow you to balance and reconcile your accounts, create invoices, enter bills, create reports, and track sales tax. However, with QuickBooks Online, you’ll have access to bank feed rules that allow you to tailor your bank feed transactions management which even means telling QuickBooks Online to automatically enter transactions if they meet certain criteria.

The Verdict

QuickBooks Online offers much more for the business user. The automation options are fantastic with QuickBooks Payments, you can send invoices and get paid online, as well as create recurring sale receipts that let you automatically charge a customer’s card, with appropriate written authorization. So, QuickBooks would a much more preferable option in this case.

Quicken vs QuickBooks: Accessibility

Quicken

With Quicken, a user will have to make sure that the computer on which it is installed is always connected to the internet in order for it to sync and that there’s always the risk of sync errors. It also means that users can only access it from that one computer or from their mobile device.

QuickBooks

QuickBooks interface is simpler because QuickBooks Online is specifically for business, the interface is much simpler to navigate and eventually master. Quicken is, by nature, more difficult to navigate than QuickBooks Online because it’s designed to track personal and business finances. If you’re looking for accounting software that’s just for your business finances. QuickBooks offers straightforward access to all of your business financial information, without any personal finance features to distract you.

The Verdict

 In this instance, QuickBooks proves to be a more preferable option. However, some users do prefer limited accessibility for security reasons.

In Conclusion

There are no definitive criteria by which you can declare QuickBooks vs Quicken as the ultimate financial accounting software. The whole debate of Quicken versus Quickbooks is purely based on perspectives and preferences. Some may prefer Quicken, while some may prefer QuickBooks. It all depends on the user.

We hope that this blog has provided you with a better understanding of what both the software are and what would be a better fit for you. If you have any further queries regarding Quicken vs QuickBooks, feel free to contact us and get them clarified.

Quicken vs. QuickBooks: How They Compare

When deciding between Quicken Home and Business (QHB), QuickBooks Online and QuickBooks Desktop, the best accounting software program for you comes down to the type of small business you run. QHB is best for those with side businesses while QuickBooks products are designed for full-time entrepreneurs who need a comprehensive accounting toolkit. This Quicken vs. QuickBooks comparison guide explores each company’s features, costs and their respective strengths and weaknesses.

Quicken vs. QuickBooks: Cost, features and more

Quicken vs. QuickBooks
Quicken Home and BusinessQuickBooks OnlineQuickBooks Desktop
Software formatDesktop softwareCloud-based softwareDesktop software
SubscriptionAnnual subscriptionMonthly subscriptionAnnual subscription or one-time purchase of $399.99+
Price$93.59 for the first year;  $103.99/year for the following yearsLowest tier is $15/monthStarting at $199.99 for the first year; $299.99/year for the following years
Free trialNot available30-day free trial30-day free trial
Notable featuresLandlords can manage lease terms and rental rates, plus track loans and investments and create customized budgetsData backed up automatically in cloud, real-time collaboration with users inside your organization or outside accountantsCalculate and rebill job costs, calculate discounts by customer
Multi-user capabilitiesNot availableUp to 25 users, depending on subscription tierUp to 40 users, depending on subscription tier
Mobile appAvailable, but with limited featuresCompatible with iOS or Android; limited features on certain tiersNot available
IntegrationsImport bank transactions and balances into QHB with Web ConnectIntegrates with 650+ business apps, including PayPal, Square and GustoIntegrates with 200+ apps, including Stripe, Salesforce and Shopify
PayrollNot availableAvailable as an add-on featureAvailable as an add-on feature
SupportPhone, live chat and community forumPhone, message, community forum, resource database, classesPhone, message, community forum, resource database, classes

Quicken Home & Business

Good for: Rental property owners, Windows usersBad for: Employers, Mac users

Despite the product’s name, Quicken lists Quicken Home & Business (QHB) as a personal finance product. That’s because the company focuses on individuals who want to manage their household finances. But QHB might be a good fit for sole proprietors who prefer a single place to track business and personal expenses.  Rental property owners, for example, can manage lease terms, rental rates and track outstanding and paid rents.

QUICKEN HOME & BUSINESS VS. QUICKBOOKS

You can expect fewer business tools from QHB compared with QuickBooks. One crucial feature lacking in QHB is payroll — there is no built-in payroll feature or integration capability with third-party payroll providers. Moreover, QHB is available only for Windows computers, an automatic disqualifier for Mac users considering Quicken for home and business.

However, it has one advantage QuickBooks Desktop does not. While Quicken Home and Business is downloaded and installed onto your desktop, like QuickBooks Desktop, QHB users can perform certain, limited functions through a mobile app, allowing you to access Quicken online when you’re away from your home desktop.

QuickBooks Online

Good for: New QB users, employersBad for: Budget conscious

QuickBooks Online is a full-featured, cloud-based business and financial management suite that offers essential business accounting tools for various businesses. But it’s also relatively expensive, requiring a monthly subscription. Here’s a look at the various subscription tiers:

  • Self-Employed, starting at $15 per month, allows business owners to track income and expenses, document receipts, estimate quarterly taxes, manage invoices, track miles and run basic reports.
  • Simple Start costs $25 per month and unlocks additional features, including the ability to manage cash flow and sales tax, generate general reports and send estimates
  • Essentials costs $40 per month and is ideal for service-based businesses owners that want to send estimates, manage 1099 contractors and track their time.
  • Plus and Advanced plans jump to $70 per month and then to $150 per month, respectively.  They offer useful features for product-based businesses, such as tracking inventory and projecting profitability.

QuickBooks Online offers a free 30 day-trial. Users may also skip the free trial and enjoy 50% off their subscription fee for three months.

QUICKEN HOME & BUSINESS VS. QUICKBOOKS ONLINE

QuickBooks Online provides more than 650 integrations, making this software highly flexible for small businesses that use various business tools, such as Paypal, Square and Shopify. But, as we mentioned earlier, the monthly subscription adds up, particularly if you want to unlock the most powerful features. Its lowest-priced subscription tier, Self-Employed, might seem like an attractive alternative to QHB. However, QHB carries more features and at a lower price point. Self-Employed, like QHB, does not offer payroll integration.

With QHB and Self-Employed, you can track business and personal expenses, send and track invoices, estimate your tax obligations and track mileage. QHB, however, also offers various personal finance tools, including managing your bills, tracking debt and online bill payment — features unavailable to QuickBooks users.

QuickBooks Desktop

Good for: Owners with multiple companiesBad for: Owners on the go

QuickBooks Desktop shares many accounting features with its online counterpart, but with slight differences. Desktop-only features include rebilling job costs and calculating discounts by the customers, but you would not be able to restore company data and access your account via the mobile app — features available with the online version.

Also, QuickBooks Enterprise (only offered on Desktop) offers industry-specific solutions that certain businesses may find useful — manufacturing and wholesale businesses, for example, can automate builds and purchase orders for assembly components.

QuickBooks Desktop offers a one-time purchase price — $399.99 for Pro and $649.99 for Premier — or annual subscription plans starting starting at $199 for the first year.

QUICKEN HOME & BUSINESS VS. QUICKBOOKS DESKTOP

Like QHB, QuickBooks Desktop has offline accessibility, as the software is downloaded directly to your computer. You can also purchase cloud-based storage features for an additional fee. Payroll is also available on QuickBooks Desktop as a paid add-on, a feature absent from QHB.

Which one is right for your business?

QHB is ideal if you’re seeking a central location to manage your personal finances and sole proprietorship income and expenses. Since QHB lacks payroll capabilities, it may be a poor fit for small business owners with employees. That said, QHB’s price point at $103.99 per year (10% off for the first year) makes this software an affordable option, even if you added a separate payroll service.

WHEN QUICKBOOKS IS A BETTER FIT FOR YOUR BUSINESS

QuickBooks is better suited for small businesses with multiple employees that need more robust accounting services. Both QuickBooks Online and QuickBooks Desktop let you track inventory, generate business reports, automate workflow and complete payroll. QuickBooks users can also search QuickBooks’ database of ProAdvisors and hire QuickBooks-certified accounting professionals for advice on accounting, tax and financial planning and navigating their QuickBooks software.

Naturally, QuickBooks’ comprehensive accounting tools raise the price point — QuickBooks Online’s lowest tier costs $15 per month and adding payroll starts at $45 per month plus $4 per employee (payroll unavailable for QuickBooks Self-Employed). Like QuickBooks Online’s subscription tiers, you could choose between a 30-day free trial of its payroll plans or 50% off for the first three months. If you see yourself using QuickBooks long term and don’t mind forgoing QuickBooks Online’s cloud-based functionality, then QuickBooks Desktop might be an affordable solution with a one-time purchase starting at $399.99. Annual subscription tiers unlock added services.

Alternatives to Quicken, QuickBooks

QHB, QuickBooks Online and Desktop are just three potential business accounting solutions among many. If neither small business accounting software company fit your needs, consider these free and paid alternatives:

Freshbooks

Like QuickBooks Online, FreshBooks is a cloud-based accounting software ideal for service-based businesses. After a 30-day free trial (no credit card required), a FreshBooks subscription starts at $15 monthly for the Lite Plan, which includes unlimited expense tracking. You can receive payment via credit card or bank transfer for up to five clients. Freshbooks is currently offering 60% for the first three months but also offers an annual subscription option for additional savings.

FreshBooks’s project collaboration tools can help team members share files and create deadlines. Freshbooks doesn’t have built-in payroll but it integrates with Gusto, a payroll and HR software solution for small businesses, with plans starting at $19 per month plus $6 per month per person.

Wave Accounting

Wave Accounting is a web-based software ideal for small businesses with limited budgets because this software is entirely free (with the option to unlock additional features for a fee). For zero dollars, you can track sales tax, organize income and expenses, send unlimited invoices, and scan and record receipts. Wave Accounting also offers payroll services at an additional cost starting at $20 a month.

Sage

Sage Business Cloud Accounting is another online software that lets small business owners forecast cash flow, manage invoices and collaborate with their accountant in real-time. You can also monitor inventory and fulfill orders, making this software a suitable alternative for product-based businesses. Small business owners can choose from two plans — Accounting Start for $10 per month and Accounting for $25 per month. Sage also offers HR and payroll products, purchased separately.

FAQs about Quicken vs. QuickBooks

What is Quicken?

Quicken offers software with personal finance management tools downloaded onto your Windows or Mac computer (Quicken Home and Business is available for Windows systems only). Quicken and QuickBooks were originally sister companies owned by Intuit until H.I.G. Capital acquired Quicken in 2016.

What is QuickBooks?

QuickBooks is a software that offers accounting and payroll tools to small businesses, including invoice and inventory management. Depending on which product you purchase, QuickBooks can be an online cloud-based software or software downloaded directly onto your computer.

What’s the difference between QuickBooks and Quicken?

Quicken typically focuses on personal finances and is ideal for those with side businesses, real estate in particular. With Quicken, you can manage rental properties, create customized budgets and monitor your investments.  QuickBooks is generally better suited for small businesses with more robust accounting needs.

Which is easier: Quicken or QuickBooks?

If your needs are specific to personal finance or you operate a sole proprietorship, then Quicken may be easier to use, as it doesn’t contain the myriad of accounting tools that QuickBooks offers. However, both Quicken and QuickBooks may require a learning curve if you’re brand new to the software. Fortunately, Quicken provides a Getting Started guide after downloading the software to your computer. QuickBooks offers classes and has an extensive library of online video tutorials to help you learn how to use QuickBooks online.

Should I buy QuickBooks or use online?

Choosing between QuickBooks Online or downloading the desktop version boils down to pricing and accessibility. QuickBooks Online is cloud-based, making it easy to access anywhere with online connectivity but charges a monthly subscription. QuickBooks Desktop lets you operate the software offline. Some of its products are a one-time purchase fee, which may yield savings over time.

Is QuickBooks for personal use?

QuickBooks was intended to be an accounting solution for businesses but it is a possible (and more costly) option for home and personal use. Depending on which plan you choose, you can track income and expenses, organize receipts and manage cash flow.

Quickbooks vs. Quicken: What’s the Difference?

QuickBooks vs. Quicken: An Overview

QuickBooks and Quicken are two of the most widely used financial management tools in the world. Both programs were part of Intuit (INTU), but Quicken was sold to H.I.G Capital in 2016. Both QuickBooks and Quicken have unique feature sets designed for different uses. Read on to find what each tool offers a user and to figure out which tool may be right for you.https://bfbb6232cfda704721500f66aef122c7.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

KEY TAKEAWAYS

  • QuickBooks and Quicken are financial management tools owned by Intuit and H.I.G. Capital, respectively.
  • QuickBooks is a full-featured business and management suite with all the tools that a small business would need, but it’s also costlier.
  • Quicken helps families and individuals track account balances, investments, budgeting, and other expenses. While it can be used for small business, it is more limited; however, it costs less than QuickBooks.

QuickBooks

QuickBooks is a full-featured business and financial management suite complete with tools for accounting, inventorypayroll, tax filing, invoicing, bank account tracking and reconciliation, expense management, budgeting, payment processing, and accounts receivable and accounts payable management.https://bfbb6232cfda704721500f66aef122c7.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

That feature set is not a complete list of what QuickBooks can do. It can also plug into many additional software tools for added features. Essentially, QuickBooks is the Swiss Army Knife of business financial tools—it can do just about anything you might need for your business. But, there are some features that many businesses will never need, and the high price tag for QuickBooks Professional may be a reason to look elsewhere.https://bfbb6232cfda704721500f66aef122c7.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

If you run a small to medium-sized business and want to ensure you can track all financial information and create reports summarizing any aspect of your business, QuickBooks will not disappoint. Just be aware that there is a learning curve when starting out, and not all features are intuitive when you get the program up and running for the first time.

QuickBooks also offers both a desktop version for a fixed fee and an online version accessible through your web browser, tablet, or smartphone for a monthly or yearly subscription. Some features, such as payroll management and payment processing, incur an additional fee regardless of which version you choose.https://bfbb6232cfda704721500f66aef122c7.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

Quicken

What QuickBooks offers for the small business, Quicken offers for individuals and families. Quicken tracks your account balances, transactions, investments, personal budgeting, loans, and any other part of your personal financial life. The premier version includes the ability to track rental properties and small business in addition to your personal information.

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 the cost basis to best understand the tax implications of buying, selling, and how you are building your portfolio.

The business tools are much more limited than those in QuickBooks, but work just fine for a family with a few rental properties, or an individual who owns a side hustle business or sole proprietorship. Quicken is a desktop product. If you want an online version, look to Mint.com.

Key Differences

If you just 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 finances in one place without a lot of extra hassle.

If you have a small business, you have a tougher decision to make. If you are an independent online freelancer, Quicken’s features may be enough for your business, but if you need something more robust, QuickBooks is the clear winner in terms of business features.

Make a decision that you can stick with, as you cannot easily convert Quicken data for QuickBooks, or vice versa. Each tool has its own download and data storage specifications and the two are not compatible.

The hardest part is finding the right balance between cost and features, as QuickBooks offers more for business, but it also costs more. In some cases, QuickBooks may offer more than necessary, but in most, QuickBooks is better for business financial management than Quicken.

If you are looking solely for your business, QuickBooks is clearly the best option of these two, but there are many other online accounting options to choose from as well.

FAQs

What Is QuickBooks?

QuickBooks is an online accounting software tool that is owned and developed by Intuit. QuickBooks is one of the most popular and widely used accounting tools for businesses nationwide, focusing on small- and medium-sized businesses. QuickBooks helps businesses keep accounting books, manage and pay bills, send invoices, and complete payroll. QuickBooks is not meant for individuals to use to keep track of their personal finances. 

What Is Quicken?

Quicken is a downloadable software that focuses on the management of personal finances. Quicken was originally developed by Intuit as well, but Quicken was sold to H.I.G. Capital in 2016. Quicken is not an online software and instead, you must download the application for either a Windows-based machine or Mac operating system. 

What Is the Difference Between QuickBooks & Quicken?

QuickBooks focuses on the accounting processes of small businesses whereas Quicken focuses on the finances of individuals and families. QuickBooks also offers an online version of their software that many businesses can use, while Quicken focuses on providing local software that is accessed on individual computers. 

What Is a Quicken Alternative?

Personal finance is a popular niche for software-as-a-service (SaaS), so Quicken has seen the rise of many competitors over the past 10 years. A true alternative to Quicken gives individuals the ability to manage finances in a single place by helping them manage their budget and control expenses. Some of the most popular Quicken alternatives include You Need a Budget (YNAB), Personal Capital, Mint, and Tiller. 

What Is a QuickBooks Alternative?

Accounting software and other financial software focused on the small business niche has also grown in recent years. True alternatives will provide the ability to manage a business’ accounting books, send payments, create and send invoices, collect payments, and budget. Some of the most popular alternatives to QuickBooks include Xero, FreshBooks, Sage, Zoho, and Wave. 

Compete Risk Free with $100,000 in Virtual Cash

Put your trading skills to the test with our FREE Stock Simulator. Compete with thousands of Investopedia traders and trade your way to the top! Submit trades in a virtual environment before you start risking your own money. Practice trading strategies so that when you’re ready to enter the real market, you’ve had the practice you need.

Quicken vs. QuickBooks: Pricing, Features, Customer Reviews

Quicken vs. QuickBooks Overview

If you’re looking for business accounting software, two brand names that likely come to mind as you start your search are Quicken and QuickBooks. Perhaps the most well-known platforms in the financial management software industry, you might be wondering if either of these solutions is right for your business.

We’re here to help.

In this guide, we’ll compare Quicken vs. QuickBooks for small business—explaining everything you need to know about these software systems—so that you have all the information you need to make a knowledgable decision for your business.

The Difference Between Quicken and QuickBooks

The biggest difference between Quicken and QuickBooks is that Quicken is designed for personal finances, whereas QuickBooks is designed specifically for small businesses. Although Quicken does include a handful of business finance capabilities within the Home & Business version of their software, these features are largely meant to accommodate professionals with side businesses or rental properties.

QuickBooks (regardless of the specific version), on the other hand, is first and foremost a small business accounting platform, with all of the functionality required for a business’s bookkeeping, accounting, and general financial management.

With this in mind then, even though there are a variety of different versions of Quicken, Quicken Home & Business is the only platform that would be applicable to small business owners. So, how does Quicken Home & Business compare to QuickBooks?

Let’s break down this accounting solution as it compares to QuickBooks Online—the most popular version of QuickBooks and one of the top business accounting platforms on the market.

Quicken vs. QuickBooks Comparison Chart

QUICKENQUICKBOOKS
Best forRental property ownersMost types of small business owners
Cloud-hostedNoYes
Manage accounts payableYesYes
Manage accounts receivablesYesYes
Generate financial statementsYesYes
Create invoicesYesYes
Online paymentsYes (via PayPal)Yes
Mileage trackerNoYes
Rental property administrationYesNo
Payroll administrationNoYes
Manage 1099 contractorsNoYes
Accountant accessNoYes
Mobile appYes (iOS and Android)Yes (iOS and Android)
Customer supportPhone and live chat 5 a.m. – 5 p.m. Monday – FridayPhone and live chat 6 a.m. – 6 p.m. PST Monday – Friday, 6 a.m. – 3 p.m. PST Saturday
Price$99.99 (Home and Business plan)$25/month (Simple Start), $50/month (Essentials), $80/month (Plus), $180/month (Advanced)

Quicken vs. QuickBooks Features

Before we dive into the details comparing the features of Quicken Home & Business and QuickBooks Online, let’s start with some basics of each platform.

First, Quicken Home & Business is a locally hosted software, meaning it must be downloaded on your computer and installed on that machine. Although the newest version of this solution does allow some web and mobile access, you have to opt into these features to sync your data across locations. Additionally, it’s important to note that Quicken Home & Business is only compatible with Windows operating systems and not those that run on iOS.

QuickBooks Online, on the other hand, is an online or web-based software program, allowing you to use your account anywhere you have internet access. Unlike Quicken Home & Business, which only comes in a single version, QuickBooks Online has four different subscription plans—each of which includes an increasing number of features within the platform.

Quicken Home & Business Features

In essence, Quicken Home & Business is a step up from Quicken Premier, the top tier level of Quicken’s strictly personal finance software platforms. In this way, Quicken Home & Business includes all of the features of that software—transaction import and categorization, budgeting, bill pay, investment and tax tools, etc.

Plus, this version of Quicken also offers functionalities to accommodate business owners, including:

  • Categorizations for personal, business, and rental property transactions
  • Profit and loss projections and cash flow reports
  • Tools for maximizing business tax deductions and creating tax-related reports
  • Ability to email rental and business reports from Quicken
  • Ability to create and customize invoices
  • Single bills dashboard with reminders
  • Ability to create and email custom rent reminders with PayPal link for payment
  • Tracking for rental income, lease terms, rental rates, and deposits
  • Customer support via phone or chat

As you can see, most of Quicken’s business-related features are specific to those who own rental properties. However, if you’re a freelancer, contractor, or sole proprietor with a very small business, the simple tools that are available in this software may be sufficient to meet your needs as well.

QuickBooks Online Features

As we mentioned, the biggest difference between Quicken vs. QuickBooks is that QuickBooks is designed specifically for business bookkeeping and accounting. With QuickBooks Online, therefore, the features of every plan are unique to the types of tasks business owners need to accomplish.

QuickBooks Online is available in four plans: Simple Start, Essentials, Plus, and Advanced. Regardless of the plan you choose, QuickBooks Online includes the following capabilities:

  • Track business income and expenses from multiple accounts
  • Automatically sort transactions into tax categories
  • Capture and organize receipts
  • Customize and send invoices
  • Accept online payments
  • Track mileage
  • Run and export reports like profit and loss statements, balance sheets, etc.
  • Create customized reports
  • Track cash flow and reporting via dashboard
  • Customize and send estimates
  • Track sales and calculate sales tax
  • Manage 1099 contractors
  • Connect business bank account
  • Print checks
  • Download QuickBooks mobile app
  • Integrate with other QuickBooks and third-party tools
  • Grant account access to a business accountant
  • Access customer support via phone or chat

With the higher-level plans, of course, you’ll receive added functionality. The Essentials plan includes multi-user access, bill management, and time tracking. With the Plus plan, you’ll also have access to inventory and project profitability tracking. The highest level, QuickBooks Online Advanced, will offer the greatest capabilities—with batch invoicing, advanced reporting and analytics, customizable access by role, workflow management, and more.

Ultimately, with four plan options that cover a breadth of accounting tasks and functionality, QuickBooks Online can accommodate a wide variety of business owners—allowing them to manage, automate, and streamline their financial processes.

Quicken vs. QuickBooks Pricing

As you can see, comparing Quicken and QuickBooks isn’t exactly an apples-to-apples comparison because both are used for different purposes and have different features. With this in mind then, you might next be wondering what the difference is between Quicken and QuickBooks in terms of pricing.

Unsurprisingly, Quicken and QuickBooks differ quite a bit in this regard. As a primarily desktop-based solution, Quicken Home & Business operates on an annual subscription pricing plan, whereas QuickBooks Online charges a monthly fee for their subscriptions.

Quicken Home & Business Pricing

As a desktop-based software with only one version, Quicken Home & Business’s pricing is simple. You’ll pay an annual subscription of $99.99 for access to this software.

For this fee, you’ll receive all of the features that are included with Quicken Home & Business, as well as access to the Quicken companion mobile accounting app.

As the most expansive version of their software, Quicken Home & Business is also the most expensive of all the Quicken products.

Keep in mind, Quicken also offers a 30-day money-back guarantee for their accounting solution.

QuickBooks Online Pricing

With four different plans to choose from, the pricing for QuickBooks Online is a little more complex. Ultimately, QuickBooks charges on a monthly subscription basis, and the price will depend on which of the plans you opt for. The cost of the four plans breaks down as such:

  • Simple Start: $25 per month
  • Essentials: $50 per month
  • Plus: $80 per month
  • Advanced: $180 per month

This being said, you can also choose to integrate supplemental QuickBooks services, like QuickBooks Payroll, TSheets, point of sale, etc., for additional costs.

While even the cheapest QuickBooks plan is 3x more expensive than an annual subscription of Quicken Home & Business, QuickBooks Simple Start includes much more specified and functional accounting tools for most small business owners.Buy QuickBooks Online Now for 50% Off

Quicken vs. QuickBooks Customer Reviews

Our third point of analysis between Quicken and QuickBooks Online is customer reviews. After all, customer who use either of these accounting softwares on a day-to-day basis will have the most reliable opinion on which is better. Here’s what those customers have to say about Quicken vs. QuickBooks on major customer review platforms.

Quicken Customer Reviews

Quicken is rated very highly on major customer review platforms. Many customers report that they are pleased with how easy to use the service is. This is an important aspect of picking your accounting software that should not be overlooked—accounting is complicated, and any service that can make it a little easier is well worth the investment.

Other points of praise include Quicken’s reasonable pricing, and how simple it is to create and print reports.

In negative reviews, users complain that the software and be glitchy from time to time, especially when trying to connect Quicken to third-party apps.

QuickBooks User Reviews

Customers also have high-praise for QuickBooks Online. In particular, customers say they love how many features come standard with the software, as this helps them automate their most complex accounting tasks. What’s more, QuickBooks Online also integrates with a variety of third-party apps, which streamlines processes and makes it so that business owners don’t have to repeat tasks.

On the negative side of things, customers say QuickBooks pricing can make it somewhat inaccessible, especially for very new businesses. In addition, QuickBooks’ range of functions can present a learning curve to new business owners.

How Quicken vs. QuickBooks Compare

So, based on all of this information, what does the final Quicken vs. QuickBooks comparison look like? Ultimately, there are unique benefits to both Quicken and QuickBooks.

Let’s explore where each of these solutions stands out against the other so that you have a better sense of whether Quicken Home & Business or QuickBooks Online is right for your business.

Benefits of Quicken

When it comes down to it, Quicken stands out against QuickBooks Online in two ways.

First, if you want to use a single software to track your personal and business finances, Quicken Home & Business can easily manage your personal finances, handle investment accounts, as well as provide a handful of business tools. In this way, if you only have a small number of business transactions to track and organize (especially if they’re related to a rental property) Quicken may be sufficient for your needs.

Although QuickBooks Online is one of the most functional and popular business accounting solutions, the software isn’t designed to manage personal and business finances simultaneously.

This being said, however, it’s worth keeping your business and personal finances separate—tracking both together can lead to issues with bookkeeping, taxes, and even legal problems. Therefore, if you do decide to keep all of your transactions within one system, like Quicken Home & Business, it’s a best practice to ensure that they’re distinct—with separate bank accounts and credit cards.

The other notable benefit of Quicken is its pricing. With an annual subscription of $99.99, Quicken is always going to be a cheaper alternative to QuickBooks. Once again, if you’re only managing a few business transactions, saving money by using Quicken may be worth it. However, if you truly need business-specific accounting tools, QuickBooks Online will likely be worth the investment.

Benefits of QuickBooks Online

QuickBooks Online stands out in much stronger ways.

First and foremost, QuickBooks is designed specifically for small business owners. Therefore, it provides a variety of accounting tools that small businesses can use to truly automate and streamline their financial processes. Whereas Quicken is limited in the business-related capabilities it offers, QuickBooks Online is known as one of the most feature-rich business accounting software solutions on the market.

Even with the Simple Start plan, business owners can manage their day-to-day bookkeeping, invoicing, payments, reporting, and more. Plus, QuickBooks Online is easily scalable—as your business grows, you can upgrade to a higher-level plan to increase your functionality. In this way, although QuickBooks may be more expensive, you’re paying for the vast capabilities you receive with your plan.

Additionally, since QuickBooks Online is designed for small businesses, the interface is much more approachable and user-friendly. On the whole, Quicken is more difficult to navigate than QuickBooks because it’s designed to track personal and business finances. Comparatively, the business-centric interface that QuickBooks offers grants you straightforward access to all of your business financial information, without personal finance features you don’t actually need.

Moreover, QuickBooks Online is a cloud-based software platform, which is ideal for on-the-go small business owners. You can access QuickBooks Online on any computer, as long as you have internet, and you can also use the QuickBooks app to access your account on your smartphone or tablet.

With Quicken, on the other hand, the main access to your account will be housed on a single computer. Although Quicken now allows you to sync your account to web and mobile versions, you not only have to enable this capability, but not all features are available through these versions.

Overall, as a business accounting software, QuickBooks Online is much more accessible, flexible, user-friendly, and generally functional in comparison to Quicken Home & Business.

Alternatives to Quicken or QuickBooks

If you’re just starting out as a small business owner, you may want to separate your personal and business finances, but you may not be ready to invest in QuickBooks Online. In that case, you might look into some other Quicken and QuickBooks alternatives.

Here are two top options worth considering:

Wave Accounting

If you’re looking for business-specific accounting software on a budget, Wave accounting is going to be one of your best options. Wave is one of the only truly free business accounting software platforms on the market. You can sign up for a free Wave account quickly and easily online and immediately start syncing your bank and credit card accounts.

Overall, Wave allows you to:

  • Track income and expenses
  • Create and send customizable invoices
  • Scan and manage receipts
  • Invite guest collaborators
  • Customize sales taxes
  • Create exportable accounting reports such as profit and loss statements, sales tax reports, cash flow reports, etc.
  • Connect with PayPal, Shoeboxed, and Etsy
  • Send bill and invoice reminders
  • View dashboards for cash balances and invoice status

Plus, although Wave can be used as completely free accounting software, you can also purchase add-ons for online payments and payroll to extend your functionality.

All of this being said, if you need a user-friendly accounting solution for your business and don’t want to pay for QuickBooks Online, Wave is certainly worth considering.

QuickBooks Self-Employed

On the other hand, if you’re just starting out as a self-employed professional—like a freelancer, contractor, or another B2B business owner—you might only need the essential tools and would prefer an accounting solution designed with you in mind.

In this case, you might look into QuickBooks Self-Employed. Although QuickBooks Self-Employed is technically still part of the QuickBooks product suite, it’s both simpler and more affordable than QuickBooks Online. The most basic version of this software, called Self-Employed, is only $15 per month and allows you to send and track invoices, separate your business and personal expenses, maximize your tax deductions, track miles, and more.

Plus, if you need additional tax assistance, you can opt for either of the higher-level plans, which offer assistance with filing and paying your business taxes.

Ultimately, even though QuickBooks Self-Employed doesn’t include as much functionality as QuickBooks Online, it’s a great alternative for business owners on a budget, who need more than what Quicken can offer, but who also want more of an invoice and tax focus than Wave can provide.Buy QuickBooks Self-Employed for up to 50% Off

The Bottom Line

Based on the differences between Quicken and QuickBooks that we’ve discussed above, you should have a better sense of whether or not either of these accounting solutions is right for your business.

When it comes down to it, unless you’re running a side rental business with only a few transactions to reconcile, you’ll want to opt for QuickBooks Online (or an alternative) to manage your business finances.

Ultimately, despite the affordability of Quicken Home & Business, this system is first and foremost designed for personal finances. Therefore, whether you use QuickBooks Online, Wave, QuickBooks Self-Employed, or another option entirely, it’s best to search for options that are designed particularly to accommodate small business owners.

Quicken vs QuickBooks: Differences & What’s Best

QuickBooks
Quicken
Quicken vs Quickbooks

As a business owner, deciding which small business accounting software to use for your business can be overwhelming. There are several good products on the market, including Quicken and QuickBooks. In this article, we compare the pricing and features of Quicken vs QuickBooks so that you can decide which is best for you.

Difference Between Quicken and QuickBooks

Quicken is a personal finance program while QuickBooks is a double-entry bookkeeping program designed to support small businesses by tracking business income and expense and producing financial statements. Quicken is useful for tracking personal items, such as monthly bills, investments, and retirement assets.

Definition: A double-entry bookkeeping system tracks assets and liabilities as well as income and expense. This enhances the reliability of income and expenses by ensuring that all changes in assets and liabilities are reflected in net income. Not only is QuickBooks Online a double-entry bookkeeping system, but we also rated it our best overall small business accounting software.

When to Use QuickBooks

QuickBooks is almost always a better option than Quicken for tracking your business’s income and expenses. The sole purpose of QuickBooks is small business accounting. Quicken is more focused on personal finances but can track income and expenses for rental houses and very simple businesses.

Visit QuickBooks Online

When to Use Quicken

Quicken works well for rental property owners. While it is predominantly a personal finance tool that tracks personal expenses, investments, and retirement accounts, Quicken Home & Business works well to keep track of tenants, rental rates, and lease terms for rental properties you own. That is something the more expensive QuickBooks Online does not do.

Visit Quicken

Quicken vs QuickBooks at a Glance

QuickBooks OnlineQuicken
Who It’s Best ForMost small businessesRental property owners
Pricing Plans$15 to $150 per month$34.99 to $99.99 per year
Double-entry Bookkeeping System
Payroll Add-on Available
Inventory Tracking
Separate Business & Personal ExpensesSelf-Employed Only
Schedule C & E ReportsSelf-Employed Only
Print Income Statement and Balance Sheet
Rental Property Center
Grant Access to Accountant
Number of Users Included1 to 251
Ease of Setup & UseEasyModerate
Mobile AppiOS & AndroidiOS & Android
Visit QuickBooks OnlineVisit Quicken

Is Quicken or QuickBooks Best for You?

Answer a few questions about your business, and we’ll give you a personalized product match.

Question 1

Are you looking to track your personal finances?

Question 1 of 3

1 minute approxYesNo

Question 2

Question 3

Quicken vs QuickBooks: Pricing

Quicken and QuickBooks Online are both purchased as a subscription. QuickBooks Online has a monthly subscription that will continue until you cancel it. Quicken is purchased by the year, and the subscription will auto-renew each year unless you cancel.

Quicken Pricing

What it costs: Quicken has four pricing plans:

  • Starter: $34.99 per year
  • Deluxe: $49.99 per year
  • Premier: $74.99 per year
  • Home & Business: $99.99 per year

Quicken is currently offering 20% off for the first year on Deluxe and higher subscriptions. Only the Home and Business plan provides the functionality of tracking business income and expenses and the Quicken rental property features.

QuickBooks Pricing

What it costs: QuickBooks Online has five pricing plans:

  • Self-Employed: $15 per month
  • Simple Start: $25 per month
  • Essentials: $40 per month
  • Plus: $70 per month
  • Advanced: $150 per month

Currently, QuickBooks Online is offering your choice of either 50% off for three months or a 30-day free trial. Each plan comes with different features, and you should make a comparison of features to find the QuickBooks Online version that is right for you.

Takeaway: QuickBooks is priced much higher than Quicken, with QuickBooks Simple Start costing three times as much as Quicken Home & Business. Quicken is a great value provided that all you need is to track income and expenses. However, the extra cost of QuickBooks will be worth it if you need the features of a full bookkeeping system like tracking assets and liabilities and printing a balance sheet.

Quicken vs QuickBooks: Features

Quicken Tiered Features Table

StarterDeluxePremierHome & Business
Users1111
Connect Bank Accounts
Track and Categorize Spending
Mobile App
Free Phone Support
Track Unpaid Bills
Free Online Bill Pay
Track Loans and Investments
Track Cost Basis of Investments for Taxes
Tools to Make Investment Decisions
Separate Business Expenses From Personal and Categorize
Track Profit and Loss
Schedule C and E Reports for Tax Return
Manage Lease Terms, Rental Rates, and Security Deposits
Track Outstanding and Paid Rents 
Price$34.99/year$49.99/year$74.99/year$99.99/year

QuickBooks Tiered Features Table

Self-
Employed
Simple StartEssentialsPlusAdvanced
Users Included113525
Estimate Quarterly Income Taxes
Separate Business & Personal Expenses
Double-entry Bookkeeping
Manage Sales Tax
Payroll Add-on
Prepare 1099s for Contractors
Track Unpaid Bills
Track Inventory
Advanced Reports

I recommend reading our QuickBooks Online Comparison for a more in-depth comparison of the editions available with QuickBooks Online.

Takeaway: Quicken and QuickBooks Online offer very different features. Quicken features are geared mostly toward managing personal expenses and investments, but the Home & Business edition adds some business income and expense tracking along with a suite of rental management tools. QuickBooks features are designed to track assets, liabilities, income, and expense of a business accurately, plus include features many businesses require like collecting and remitting sales tax, paying employees, and tracking the cost of inventory.

Quicken vs QuickBooks: Ease of Use

QuickBooks Online has a purely web-based interface while Quicken is a desktop program. Quicken requires the user to download and install a program while QuickBooks is ready to go as soon as the subscription is purchased.

Quicken Ease of Use

Quicken is more difficult to use than QuickBooks Online when conducting business activities because the program is designed to do so much more than business accounting. The dashboard, shown below, includes all business and personal transactions. Business activity can be recorded by clicking on the “Business” menu and then selecting “Business Tools.”

A snapshot of the dashboard in Quicken is below:Screenshot of Quicken Home & Business dashboard

Quicken Home & Business dashboard.

The primary information you will find on the Quicken dashboard is:

  1. Menu bar: Click on the top menu bar to navigate to the various areas of the program like Bills & Income, Rental Property, and Tips & Tutorials.
  2. Total spending: Keep tabs on where your money is going by reviewing the graph that shows the amount spent by category like Auto or Utilities.
  3. Bills to pay: Stay on top of monthly bills that you pay using the Bill Pay feature in Quicken.
  4. Budget: Create a budget to keep track of spending to help you find ways to decrease your spending and save more money.

QuickBooks Online Ease of Use

QuickBooks Online is much easier to navigate than Quicken. Tasks are grouped by workflow, making it much easier to find the desired task. The QuickBooks Online dashboard has a left menu bar that allows you to navigate the program easily. The dashboard shows a summary of the total paid and unpaid customer invoices, total expenses, profit and loss, and sales for the time period you choose.

A snapshot of the dashboard in QuickBooks Online is below:Screenshot of quickbooks online plus dashboard

QuickBooks Online Plus dashboard.

The five primary sections found on the QuickBooks Online dashboard are:

  1. Left menu bar: You can access just about any task from the left menu bar, including creating invoices, bank accounts, and reports.
  2. Invoice: In this section, you can see what your customers owe you (accounts receivable), as well as the total amount of payments collected that you have deposited versus undeposited funds.
  3. Expenses: In this section, you will see the total expenses for a selected time period along with the top three categories like Maintenance & Repairs, Job Expenses, and Cost of Goods Sold.
  4. Profit and Loss: Stay on top of your profit and loss without having to run a report.
  5. Sales: Keep an eye on your sales throughout the year so that you can recognize trends and make any necessary adjustments.

Takeaway: QuickBooks Online is easier to set up than Quicken because it is purely web-based with nothing to download or install. QuickBooks Online is also easier for tracking business income and expenses because that is its primary focus, whereas Quicken has many other personal finance features that can be confusing and unnecessary for tracking business income.

Quicken vs QuickBooks: Mobile App

Both Quicken and QuickBooks Online allow you to access your data on the go with their mobile app. The app for both products is available for both iOS and Android devices. Read on to learn what you can do with each mobile app.

Quicken Mobile App

With the Quicken mobile app, you can perform some useful tasks, including viewing your bank account transactions. Unfortunately, you cannot create customer invoices or enter unpaid bills in the mobile app. Any transactions that are entered on the mobile device will be synced automatically with the file on your desktop computer.

A few of the tasks that you can perform with the Quicken mobile app are:

  • View account balances and transactions
  • Input account transactions and attach receipts
  • View your budget created with the desktop program

QuickBooks Online Mobile App

The QuickBooks mobile app will do just about everything that you can do by logging in to your account on a computer. This includes adding new customers and vendors, creating invoices, and entering bills.

Some of the tasks that you can complete with the QuickBooks Online mobile app include:

  • Add new customers and vendors
  • Track automobile mileage with smartphone GPS
  • Create customer invoices
  • Take a picture and attach receipts to transactions
  • Enter vendor bills

Takeaway: QuickBooks Online’s mobile app is the clear winner. You can manage your entire business from the app and rarely have to log in to your account through your computer. Quicken’s mobile app has some useful features, but the majority of your work with Quicken will need to be completed in the desktop program installed on your computer.

Quicken vs QuickBooks: Integrations

Quicken offers a handful of integrations to receive online payments, make online payments, and store documents. QuickBooks has the same integrations, plus hundreds more.

Quicken Integrations

Quicken has a very limited number of integrations. Quicken integrates with PayPal for accepting online credit card payments from customers, Dropbox to store important documents, such as rental agreements and contracts, and Zillow Zestimate, which is a tool that you can use to calculate the value of your home. Similar to QuickBooks Online, it has a built-in bill payment tool that allows you to pay your bills online.

Check out the Service Center for more information.

QuickBooks Online Integrations

In addition to integrating with more than 600 third-party apps, QuickBooks Online includes built-in integrations like Intuit Online Payroll to manage and pay employees, Intuit Merchant Services to accept online credit card payments, and Bill.com so that you can make online bill payments. On top of these, you can add apps to manage your ecommerce business like Shopify and Square.

Check out the Intuit Apps Center to see the full list of apps available.

Takeaway: There is no comparison between Quicken and QuickBooks Online when it comes to integrations. Quicken only integrates with a handful of products while QuickBooks online integrates with more than 600 programs.

Quicken vs QuickBooks: Customer Reviews

Quicken Reviews

Most customers rate Quicken very highly. Reading through the recent reviews, most users are very happy with the ease with which information can be organized and reports printed. On the downside, users reported glitches and quirks in the program, especially when connecting to banks. One user notes that customer support can’t even find the source of some glitches. Check out our customer Quicken reviews for more information.

QuickBooks Online Reviews

On the positive side, QuickBooks customers like the mobile app. They like that they can perform almost any task using the mobile device, and everything is synced automatically across all platforms since the data is stored permanently in the cloud. Unfortunately, customers are not impressed with the customer service (or lack thereof). Customers say they have to spend a lot of time on the phone talking to someone who may or may not be able to resolve their issue.

I have had the same experience with contacting customer support. My recommendation is that you try using the chat feature to get help. By using the chat support, you can continue to work while you are waiting for someone to locate the answer to your question.

Alternatives to Quicken and QuickBooks

Quicken is generally not a good business bookkeeping choice except for rental houses and very simple one-person businesses, but QuickBooks might be a bit expensive for very small, new companies. There are many good bookkeeping alternatives to QuickBooks online, and some are even free.

Bottom Line

Now that you know the difference between Quicken and QuickBooks, it’s time to make your decision. If you own rental properties, go with Quicken. However, if you’re looking for robust accounting software for your small business, QuickBooks Online is the way to go.

Quickbooks Online vs Quicken

Quickbooks Online has 4427 reviews and a rating of 4.27 / 5 vs Quicken which has 293 reviews and a rating of 3.84 / 5. Compare the similarities and differences between software options with real user reviews focused on features, ease of use, customer service, and value for money.

The Best Software for Your Business: Quicken or QuickBooks?

When making business software decisions, accounting is at the forefront. When deciding which accounting software is best for your small business, the choice often comes down to either Quicken Home & Business or QuickBooks Simple Start. Both offer effective tools for handling accounting in a small business, but there are differences to be considered—especially if you also want to manage personal finances and business finances all in one application.

As you make that decision, take each product’s features into consideration.

Quicken Vs. Quickbooks (Features Comparison)

  • Dedicated Vs. Dual-Use: Quicken Home & Business includes a multitude of features for personal finance management along with small business features, which appeals to those who want all of their financials in one place. QuickBooks Simple Start only has features relevant to small business accounting. Without the distraction of personal finance features, it is easier to learn to use QuickBooks Simple Start.
  • Look and Feel: Because QuickBooks Simple Start focuses only on helping you with small business accounting activities, it has a simpler interface than Quicken Home & Business and is easier to navigate.
  • Account Reconciliation: Account reconciliations in Quicken Home & Business start from within account registers, and adding or changing transactions during the reconciliation process is uncomplicated. Account reconciliations are handled somewhat differently in QuickBooks Simple Start, and while not difficult, the process is not as intuitive as it is in Quicken software.
  • Downloading Transactions: Both QuickBooks and Quicken Home & Business offers the convenient ability to download transactions from your bank, credit card and investment accounts (provided that your institutions support this). 
  • Categories: Quicken Home & Business uses income and expense categories, while QuickBooks Simple Start uses expense accounts and income accounts to classify transactions by standard double-entry accounting procedures. The income and expense accounts look like categories to those familiar with personal finance software, but double entry accounting is not always as simple as recording a check. For example, if a check is written to purchase new equipment for the small business, an asset account needs to be established for the equipment.

Quicken Home & Business or QuickBooks Simple Start?

Quicken Home & Business and QuickBooks Simple Start both address small business accounting needs, but QuickBooks Simple Start is a dedicated small business accounting software application, and it will better serve a growing small business.

QuickBooks Simple Start is better at quickly guiding you through small business transactions, where Quicken Home & Business works well for someone who uses Quicken for personal finances and who makes an occasional sale with a handful of customers.

We recommend using QuickBooks Simple Start if you are very serious about your small business, and you have a plan in place for growth. When your business grows, QuickBooks Simple Start data will transfer to higher versions of QuickBooks with richer business accounting features.

If you use Quicken for managing personal finances and you frequently have small business accounting transactions, your best bet is to use Quicken Deluxe or Premier for personal finances and QuickBooks Simple Start for small business finances.

Also Read :: QuickBooks Desktop Pro 2020: What’s new and improved

Leave a Reply

Your email address will not be published. Required fields are marked *