QuickBooks vs Quicken: Knowing the Difference

With integrations like QuickBooks Payroll and TSheets, companies can connect directly to their time clock tools and include payroll expenses in their budgeting. As a personal finance software program first, Quicken includes detailed investment-tracking features that QuickBooks doesn’t offer. You can monitor portfolio performance, asset allocation, and plan for retirement with Quicken tools. Quicken offers basic financial tracking, but QuickBooks goes beyond that to include banking, lending, inventory, payroll, and other financial tools and features. Both include invoicing, but QuickBooks allows quotes, invoicing, payments, and project-level tracking.

  1. You can use Tsheets by QuickBooks to manage employee timesheets, send 1099 forms to contractors for single or recurring projects, or sign up for payroll services.
  2. Quicken also includes the ability to manage your personal finances in the same app.
  3. For zero dollars, you can track sales tax, organize income and expenses, send unlimited invoices, and scan and record receipts.
  4. Ability to track costs, payroll and expenses by project included with Plus and Advanced plans.
  5. It’s what a lot of businesses start out with when they move from spreadsheets to an accounting software.

If you want a top-notch mobile accounting app, then we recommend Zoho Books. It can perform advanced functions, such as assigning time worked and expenses to customers or projects. QuickBooks is available for purchase for a fixed fee, while Quicken’s pricing is available for a multitiered variety of monthly and yearly subscription plans. That said, overall, QuickBooks is still generally far more expensive than Quicken.

QuickBooks vs. Quicken: Features

QuickBooks Advanced has role-based user permissions, which means that each user will have access only to the information they need to know, thus limiting the possibility of an information leak. Quicken is far less expensive than QuickBooks, charging an annual fee that’s in the same ballpark as QuickBooks’ monthly fee. QuickBooks and Quicken both offer four plans, with the number of features increasing as the costs rises. Users can access bill pay in Intuit QuickBooks with a Bill.com integration, or make ACH payments to vendors through the Quicken app. QuickBooks will pay bills automatically, but you pay extra for the Bill.com subscription.

Its Online version offers either a free 30-day trial or half off your first three months. 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. QuickBooks Desktop shares many accounting features with its online counterpart, but with slight differences.

Is Quicken good for a small business?

Quicken tracks your account balances, transactions, investments, personal budgeting, loans, and any other part of your personal financial life. The Home & Business version includes the ability to track rental properties and small businesses in addition to your personal information. Quicken’s dashboard lets you view all your accounts at once, and helps you to create and visualize quicken vs quickbooks your budget. Budget management tools are available on all plans, and with the Deluxe or higher plans, you’ll also get greater budget customization options, debt tracking features, and savings goals. For less than $3 per month, you can use Quicken’s lowest-priced plan to manage your personal finances. While there isn’t a free trial, there’s a 30-day money-back guarantee.

User interface

Cassie is a deputy editor collaborating with teams around the world while living in the beautiful hills of Kentucky. Prior to joining the team at Forbes Advisor, Cassie was a content operations manager and copywriting manager. If you pay for an entire year up front, you may save 90% compared with common QuickBooks tiers. With QuickBooks Payroll and other add-ons, you could spend much more with QuickBooks than Quicken. Quicken and QuickBooks have several overlapping features, but for the most part they are different. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you.

How the Products Stack Up

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. Although Quicken must be downloaded to a computer, the tool does receive regular updates that are pushed to the system. QuickBooks has advanced invoicing and payment options that small businesses can use to get paid faster, including online payments and payment links within electronic invoices.

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