Quicken vs QuickBooks: Price, Features & What’s Best

Cody Cromwell
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Difference Between Quicken and QuickBooks

Quicken and QuickBooks are financial management software packages that help you manage your personal or small business financial workflow.

When you want to compare Quicken vs QuickBooks, you can directly compare the price and features of each of the packages without having to dig deep into the details in this review.

When to Use QuickBooks

And When to Use Quicken Intuit makes QuickBooks and Quicken, two top-rated accounting software programs that handle business accounting tasks for small businesses. However, it’s far from clear whether one program is better than the other. Learn the differences between QuickBooks and Quicken before making your decision.

QuickBooks

QuickBooks is a database that contains all the accounting information of a business. Its purpose is to make your bookkeeping tasks convenient and easy for business owners. QuickBooks is a software program designed to store the financial data of a business. QuickBooks is compatible with PCs and Macs and provides business owners with a way to track income, expenses, and reports that are automatically generated by the software itself. However, QuickBooks is more straightforward and user-friendly than other accounting programs and is therefore widely used in small business accounting. Business owners can enter details, notes, payments, receipts, and transactions in the program, as well as carry out comparisons, sort data according to categories, and view graphs of bookkeeping results and trends. One of the unique features of QuickBooks is that it does not require you to enter transactions manually. Once you have coded your accounts, you can rely on the program to generate reports and invoices. QuickBooks also features online banking integration that helps business owners manage their finances.

Some of the common features of QuickBooks are the following:

Factoring in QuickBooks

When to Use Quicken

Choosing an accounting software is one of the most important decisions you can make when it comes to your business. The software you choose should reflect your business needs and goals. When in doubt, it’s best to contact a Certified Intuit Partner to evaluate your business.

Here’s where Quicken and QuickBooks come into play. If you already have a personal computer (PC) and some experience with accounting software, Quicken is the best option to start with. It’s easier to use and provides a wide range of personalized features.

However, if you have limited computer literacy, work in multiple locations, or have a small company, QuickBooks may be the better choice. It’s more complex than Quicken, but can save you money by connecting to numerous third-party software programs such as sales & inventory management and marketing analytics.

The following features and options will help you determine which accounting software is right for you:

Which type of accounting software do you need?

Quicken’s Personal Finance is a good place to start. It offers single-user and desktop accounting software for all your personal financial information. However, it doesn’t support business transactions, so you’ll still need to use Quickbooks.

Quicken vs QuickBooks at a Glance

If you are in the process of investigating what personal finance software or budget tracker is best for what you need to do, you will want to have the specifications of each product at the top of your list.

Below, you will find an overview of Quicken vs QuickBooks so you can make an informed decision on which one will work best for you.

Is Quicken or QuickBooks Best for You?

Quicken and Quickbooks are both very popular and trusted desktop software for personal finance. Both are great options and will meet most of your personal finance needs.

Question 1

Are you looking to track your personal finances?

It’s time to give thought to which personal finance software to go for. Do you want something that’s easy to navigate and an approachable subscription that is straightforward to use? Or are you looking for something powerful and extensive but more complex and time-consuming? If so, Quicken vs QuickBooks are the top software packages to keep you financially organized and on the right track.

Question 2

Quicken vs QuickBooks

To find the best finance software for your business, it’s important to consider your needs. Full-featured software may be the best option if you do a lot of paperless recordkeeping and need the flexibility to enter in transactions from more than one source. Other options include "lite" software, which is especially useful if you’re not very computer savvy.

Let’s take a look at the two top-rated options to find the best fit for your business.

QuickBooks

QuickBooks is a full-featured finance software package designed for small and midsize businesses with multiple employees. The software allows you to manage all financial activities from payroll to tax time. QuickBooks gathers all of your business data for you in a single file, so you don’t have to spend time transferring information when you work with other financial software.

If you work with other accounting packages, you can export information from QuickBooks into Quickbooks and Quicken, and it’s compatible with more than 100 other accounting software titles. If you have multiple people working with QuickBooks at different locations, you can simultaneously work with those employees through collaboration capabilities.

QuickBooks Features:

Quicken

Do you have business activity other than a rental house?

Yes? Neither does Quicken, but it’s also more flexible than QuickBooks.

If you have a supporting website, then one of the big differences between Quicken and QuickBooks is that Quicken doesn’t support the Web Connect feature for tracking and managing online services that also require a merchant registration.

QuickBooks does offer the ability to integrate a PayPal merchant account, subscription services and other online services like NetSuite, Hulu, Pandora and Netflix, but the integration is specific to QuickBooks. It doesn’t integrate seamlessly into QuickBooks like Quicken does into QuickBooks.

If you don’t have a website that requires a merchant registration, either one will work for you. But if you do have a website and a merchant account, then Quicken will work better for you.

How Much Is a QuickBooks User Worth to a Business?

QuickBooks maintains more information about your business and gives you more flexible reporting. It doesn’t cost you any more to do business with a QuickBooks user than a Quicken user; if you do your books properly, you’ll be able to reconcile your accounts as accurately. QuickBooks is designed to store as much information as you need on your business transactions, and the most important aspect is to provide your users with accurate reports to stay on top of your business.

Question 3

Quicken vs Quickbooks

Who will be using the software?

Its primary or most popular usage is Personal Finance Management.

The ideal use is for the individual Commercial and Sole Proprietors who have one business as well as those with a side business.

QuickBooks is a comprehensive accounting package that has become the go-to software for small businesses especially those who work on the know-how side of managing an accounting business. It is ideal for people who are in the business of making money. However, if you have a well-established small business that is already on its financial feet, a simple accounting software like Quicken might be a better choice since it is easier to use and less expensive to buy.

When you compare Quicken to QuickBooks, you will find that Quicken has probably learned from QuickBooks and has odds and ends that are lacking in QuickBooks However, you are missing out on some of the features in QuickBooks if you go with Quicken. A lot of people use both or use both interchangeably and look to see which one fits their personal preference and wallet. Each comes with a 30-day no-risk trial period.

Quicken vs QuickBooks: Pricing

You can use Quicken in two ways: • As a personal finance tool • As a small business accounting application

On the other hand, you can use QuickBooks in four levels: As an accounting package As a small business bookkeeping application As a company’s financial database And as an online selling platform in business-to-consumer (B2C) sectors online

Usually, a business can adopt the first two levels and throw QuickBooks away by purchasing the last two levels at the same time. You can upgrade them when you have gained enough success of a business.

Which one is more efficient for your business? We think the threshold of deciding is how many hours of activities does one have to take care of. In general, Quicken is usually more suitable for the small business association (SBA) association in which 1-4 hours a day are necessary for conducting the business. For the individuals, QuickBooks is usually better.

Let’s not forget Quicken is more user-friendly for the individual than QuickBooks with the exception of the last two levels.

Quicken Pricing

Accounting software are a necessity for any small business owner or freelancer, that not only has to manage, save and draft invoices and receipts, but also track the important financial details of your business.

Both Quicken and QuickBooks require a monthly subscription. For more information on how much you will be expected to pay for each accounting software please visit:

QuickBooks Pricing

The first thing to realize about QuickBooks is that the costs are monthly and that can be a monthly cost burden. The other factor is that Quicken is free.

Here’s a quick breakdown of the two products’ pricing.

Do you have your own copy of QuickBooks at home? The program is completely free to download and use for up to three months. Once you’ve downloaded the program, you can use it to begin recording your financial data. You can get either a desktop version or a web version of the product.

If you don’t have your own copy of QuickBooks at home, you can still sign up for an online version. Online versions let you access your data from any internet connection, any computer or mobile device that connects to the internet.

Online versions of the program let you save time by not having to download and install the program and then upload financial information, and for your data to automatically sync with your company’s accounting system.

If you record your data using both QuickBooks and Quicken, Quicken will be the easiest to use. But if you use Quickbooks exclusively, you’ll pay the most because it is more expensive than Quicken.

Quicken vs QuickBooks: Features

Quicken is the world’s leading personal finance software for Windows. It makes tracking your income and expenses easy and hassle-free. It has been around a long time and works with any computer running Windows – PC, Mac or tablet. Via Quicken, you can keep track of bills, banking and credit card statements, investments, retirement, loans, savings and other personal financial information.

Although both Quicken and QuickBooks offer all these features, Quickbooks is a full-featured accounting software designed for small businesses. The software will help you manage your finances, as well as your employees’ and customer’s. It also has a number of special features that make it stand out from Quicken, such as on-the-fly accounting and an instant invoice system.

QuickBooks comes with powerful tools that allow you to track every aspect of your business. You can bill and track your customers, manage your employees and taxes, and manage inventory. QuickBooks also offers e-mail integration with forecasts. In short, QuickBooks is a business management software for the masses.

Quicken Tiered Features Table

Quicken offers the standard desktop-based users an easy to use interface as well as intuitive features. But for professional bookkeepers, the standard features just aren’t enough. Quicken Pro is the extension of your service and upgrade path.

Quicken offers a wide range of standard tools which are meant for the individual or small businesses. The basic version of Quicken is Quicken for Windows desktop edition and offers the following tools:

  • Add money and pay off debts
  • Analyze income and expenses
  • Manage your personal financial information
  • Track investments and retirement savings
  • Make smart investments, including tracking stock prices and market growth
  • The ability to split a bill, create a list of bills, and the ability to manually process bill payments.

QuickBooks Tiered Features Table

I am going to start this post by saying “QuickBooks”. This program is really the king of accounting tools. If you use a small business, you will be hard pressed to find a better solution. Quicken is great, but QuickBooks is first choice for all small businesses because it is hands-down better.

So do you want to buy a certain feature today and pay for it? Or buy it later with a deposit?

Quicken vs QuickBooks: Ease of Use

Beginners are often overwhelmed by the plethora of products available to them in the market. As a veteran computer user and a self-proclaimed seasoned veteran of the accounting software world, I’m here to help you choose the best combination of software to suit your accounting needs.

There are 2 main players in the financial software market: Quicken and Quickbooks. There are other players such as Moneydance and Sage 50, to name a few. They are all comparable in terms of their price and features.

So, which one of these accounting software works better for tracking and managing personal effects? Which one is the best choice for your home based business?

Now, let’s dive in and find out.

Quicken Ease of Use

With Quicken Basic, the software guides you every step of the way. It’s straightforward to get started, even if you’ve never used financial software before. All you have to do is choose which accounts you want to monitor, enter your data, and the software handles the rest.

When you put money into, move, deposit, and withdraw money from your accounts, Quicken Basic tracks the transactions as they happen. And if you’re connected to your bank, Quicken Basic shows you recent bank transactions by sending confirmation numbers over the phone.

Quicken Basic doesn’t require you to load special bar code pages or keep up with an inventory of your financial activity. If your accounts are linked to your checking account, Quicken Basic automatically tracks your checking balance.

Because you succeed or fail in Quicken Basic based on your own financial decisions, you’ll also have to stay on top of your finances to succeed. For example, you’re responsible for manually entering account transactions, reconciling and reviewing your last 20 or so transactions, and entering your statements.

The following video will give you a lay of the land in terms of what you can expect from Quicken Basic.

QuickBooks Online Ease of Use

Quickbooks Online is the easiest way to finance your business. You can quickly and easily access your business' accounts and transactions from any device. Quickbooks Online for Small Business also includes small-business-specific tax filing tools for you to manage your company’s finances.

Quickbooks Online offers mobile access on your smartphone or tablet. You can access your reports and statements on the go, as you are completing your accounting tasks.

With Quickbooks Online, your file is backed up to the cloud. You can sign up for OneDrive, Box, Dropbox, Google Drive, or access your files directly from the web.

This program can automatically calculate your deposits and your deposits can be transferred into your bank account.

Quickbooks Online is the best way to organize your finances and manage your business.

Quickbooks Online for Small Business includes.

Budgeting:

Tenant Invoicing:

Net Income:

  • Employees
  • Budgeting

Quicken vs QuickBooks: Mobile App

Quicken Mobile App

You can easily access Quicken data from your mobile phone or tablet. The Apple App Store offers the Quicken mobile app for iPhone and Android devices.

Both apps connect your mobile device to your Quicken account and allow you to transfer Quicken data to your phone. The Android version also supports touching to pay, passes along more secure transactions, and has enhanced security features. The iOS version only allows paying via credit card. Quicken Mobile syncs with Quicken desktop. However, it does not display QIF files transferred from Quicken.

If you want to use Quicken Mobile App for Android, you’ll need a smartphone that operates Android 2.2 or higher. For iPhone, it requires iOS 8 or higher.

Users of Quicken Mobile App for iPhone will get a quick expense capture tool that allows them to snap a photo of a receipt and enter it into the app.

They can also use Bluetooth with the app to scan a barcode to enter a credit card number.

QuickBooks Online Mobile App

Vs. Quicken

Quicken and Quickbooks work in a similar way but are different products. If you have a small business of your own, you will need to decide better which software is best. We will explain that better with comparison of Quickbooks and Quicken.

Quicken and QuickBooks both work by keeping your financial data organized, so if you have a business, you will need to scan your receipts and manually enter the invoices. However, Quicken has been improved in recent years to take care of this entire process for you.

There is a mobile app of Quicken which can easily be accesses on your phone, and you can control all your transactions on the go. Quickbooks is a bit more basic on the phone. You can perform the day-to-day operations only using the app because you cannot access all the Quickbooks features.

The most important advantage of Quickbooks is that it is compatible with almost any type of business. This product covers all kind of business ranging from service to retail. In addition, it integrates with several third party software which will assist you in keeping your business running smoothly.

Quickbooks also has the feature of invoicing which will allow you to automatically generate all the invoices and get paid. In the case of Quicken, you will have to do this manually and do not have any such feature.

In conclusion, Quickbooks is a better alternative in many ways.

Quicken vs QuickBooks: Integrations

Pricing, & More.

When you’re starting your business or looking to add your first employee, you’ll inevitably choose to register for a business tax ID – whether you’ve heard of Intuit or QuickBooks and how much they’re used.

Today, Intuit is a household name (or name of a household account) known for their accounting platform, Quicken, and QuickBooks, which offers a variety of reports, invoices and other features that make your accounting a lot easier. However, both platforms offer a few unique features that help businesses run more efficiently and cost effectively.

Quicken Integrations

Quicken is an all-in-one financial management tool that has been around for the better part of 25 years. While it’s certainly not the newest finance program on the block, Quicken is very competent when it comes to managing your money.

Quicken’s latest release is Quicken 2012, which you can find here. You can look through the top features offered by Quicken 2012, including stocks, bonds, retirement, investment tools, mortgage calculator, home inventory, and more.

Quicken exports a lot of data to Microsoft’s Excel spreadsheets, so when you purchase a Quicken subscription, you’re able to see all your financial information in that program.

Still, Quicken is one of the better tools out there for seeing your money from a single source. It’s best if you already have a bank account, but if you don’t, Quicken can be a good choice.

Keep in mind that some of the auctions you see for Quicken are actually mislabeled. For instance, if you find a auction for Quicken 2008, but you really want Quicken 2012, that’s incorrect. The 2008 version, while completely functional, is considered an older version.

QuickBooks Online Integrations

The QuickBooks desktop and online programs are both business accounting solutions that business owners from all over the world can use to record their business activities and generate reports and financial statements. While the basic features are set forth in both, the QuickBooks Online and QuickBooks Desktop differs in terms of services and pricing.

QuickBooks Online is a cloud-based accounting software, which offers an online platform for its users. It is available on all the platforms – mainly, on the mobile phones, laptops and tablets.

QuickBooks Desktop is a desktop version of the QuickBooks accounting software, which is installed in the computers. For the people who prefer this version, QuickBooks desktop offers an online platform as well.

The features and features of both the programs are the same. But if you are looking for advanced features, you may need to upgrade your QuickBooks software as it is only given as a part of QuickBooks online subscription.

The pricing of both the products vary since QuickBooks differentiates on its cloud version and desktop version.

Quicken vs QuickBooks: Customer Reviews

A high profile customer lawsuit against Intuit software company is currently in the media surrounded by a lot of confusion. In the last decade, Quicken made inroads in the then fledgling world of budget software. After editing the details directly on the file and retrieving the result, these programs debuted on the market with a great hype. Users were reluctant to part with their files. Intuit managed to get around this barrier to entry by allowing only a few programs and their editions to be compatible with each other.

Intuit now offers four modes of Quicken – Basic, Deluxe, Premier and Premier home & business. However, earlier they provided only three comparisons meant to sell one particular version of the software over the other two. This simplified the job for them. However, one of those comparisons was the one that was especially confusing. It was the Premier versus Premier Home Business vs Quickbooks comparison. Quickbooks is not a freeware that you can download and get started with. You need to purchase and register the software.

Quicken Reviews

Quicken Reviews are positive by users because the software has so many features. Plus, you can do a lot of things with it. The software helps you to open many financials and makes you good money from it. You can easily save money and make your money easier to adapt.

However, Quicken is also expensive for some users. For this, there are some free alternatives available like Microsoft Moneystand, but you can download them for Mac or PC. However, I think that Quicken is more trustworthy because it has lots of features.

QuickBooks Online Reviews

QuickBooks Online is a cloud-based accounting package. With QuickBooks Online, you can use one of two different billing and time recording options: subscriptions (with hourly fees), and self-service (for a flat rate). The cloud-based platform means you’ll be able to access your data securely from any computer with an internet connection. Add-ons (for example, inventory or bank imports) may also be purchased.

The range of features makes QuickBooks Online a very customizable software package. You can choose which features are important to you. The online payroll feature makes it especially easy to manage your payroll.

The software offers regular auto pay and e-pay functionality that helps you charge and collect payments in a timely and efficient manner.

At first glance, QuickBooks Online charges a monthly fee. But the package comes with a 99-month unconditional money-back guarantee that means you can cancel the subscription anytime. The service does have an annual fee – but if you’re in business, you’re going to pay for licenses, user training, upgrades, and software maintenance all the time anyhow. It might be worth it to pay a one off fee for an easy and hassle-free way to manage your books.

Alternatives to Quicken and QuickBooks

Are there!

If you’re looking for a software that can help you keep an eye on your money, Quicken and QuickBooks are the two leaders. These popular accounting tools are the most popular: Quickbooks is the fastest growing company of all time, and Quicken is often turned to as the go-to tool by people looking to start a home business.

But even though they are both market leaders, how do they compare in terms of features, price, compatibility, and suitability for both home and business use?

From the price, features to the use of Windows vs Macintosh; let’s take a look at the two most popular money management solutions offered by today’s big companies.

Bottom Line

Quicken Option for Online Banking, Quickbooks for Invoicing

It is common for a business owner to have to keep track of multiple bank accounts, accounts receivable, payables and other financial instruments. It can be time consuming to keep these manually updated in Excel or other accounting software.

The easy way out for most people is to just use online banking since it allows for quick and easy access to your accounts. But there are several reasons why you may want to consider using an offline accounting software if you are a small business owner.

Why Use Quicken in place of QuickBooks Online?

Quickbooks is a great accounting software, but it is designed specifically for businesses that need to manage accounting. If you are a small business owner, you don’t necessarily need all the features that Quickbooks have, hence if you are looking for an accounting software, you should opt for a program that does the basics and focuses on the financial aspects of your business.

Why Should You Use Quicken?

Some people may ask, ”Why would I stick to Quicken when I already have Quickbooks?”. Well, the answer is quite simple. Quicken is a better option when it comes to online banking.