Personal Capital helps you build an investment portfolio, and bank and budgeting apps like Simple automate bill pay. The main difference between Quicken and QuickBooks is that Quicken focuses on the finances of individuals, whereas QuickBooks focuses on accounting for small businesses. Although Quicken does have a version of its software for both rental property owners and small businesses, it is not double-entry accounting software and thus is not as advanced as QuickBooks. Both solutions allow you to access your data on the go with their mobile apps, but Quicken’s mobile app is limited in functionality, which is why QuickBooks wins this category.

Compare SpecsThe Best Personal Finance Software for 2024

• Quicken Classic allows you to pay bills directly from its dashboard, a convenient feature for users wishing to centralize their financial activities.
• Quicken’s dashboard lets you view all your accounts at once, and helps you to create and visualize your budget.
• QuickBooks Online’s two higher-tier plans include basic inventory management.
• You get all these features in the Deluxe version of Quicken except for real-time quotes.
• It has a good set of features, plus its mobile app gives you the ability to manage and view your finances on the go.
• QuickBooks makes it easy to create invoices either from scratch or from an earlier estimate.

Knowing where you stand with your money—your income, expenses, budget, investments, and credit score—is essential. If you commit to using a personal finance app, it can keep you up to date with all of that and potentially help you get out of debt. QuickBooks, on the other hand, is a software dedicated only to accounting. It has features required specifically for accounting like income and expense tracking, payroll management, invoicing and inventory management. Next, you have to ask yourself whether you want access to the transactions you have stored in online financial accounts (checking, credit cards, and so on). Enter your login credentials for that account, and the software imports recent transactions, usually 90 days’ worth, and adds them to an online register.

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The software lets you create multiple budgets based on categories that you choose or that Quicken chooses for you based on your income and expense patterns. You can view quicken bookkeeping your progress in an easy-to-understand graphical format and adjust your budget when needed. If you want to micromanage your budget, Quicken has a spreadsheet-like table.

QuickBooks vs Quicken: Integrations

There are other reports, though, that aren’t so easy to understand. Small business accounting software can generate them, but you may need an accounting professional to analyze them and tell you in concrete terms what they mean for your company. Once you have completed an invoice, for example, you have several options. You can save it as a draft or a final version and either print it or email it. You can sometimes create a PDF version of the invoice, copy it, record a payment on it, and set it up to recur on a regular schedule.

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14,500+ participating financial institutions as of October 1, 2018. The final price may differ from the monthly discounted price multiplied by 12 months. All offers are for the first year only when you order directly from Quicken by June 17, 2024.

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It shows a very simple investing summary and list of top movers, and your top spending categories for the current month. The Quicken mobile app displays only a simple holdings page with quotes and a Watch List. You can now get real-time quotes (unique to Quicken), but you have to keep refreshing them manually. Support for new cryptocurrency types and cryptocurrency quotes allows users to track and update the value of the crypto holdings in their portfolios.

Mobile App: QuickBooks Online Wins

Others, such as Intuit QuickBooks Online, do more, like asking how many of each product you have in inventory when you create a record and at what point you should be alerted to reorder. Next, they actively track inventory levels, which provides insights into selling patterns and keeps you from running low. Accounting can be complicated, and it needs to be done correctly. The companies that make small business accounting software have worked hard to make it as simple and pleasant as possible. Wave, TrulySmall Accounting, and FreshBooks are among the easiest accounting programs to use.

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The information downloaded from your banks is confidential and used only to update your accounts. Investment tracking tools are what set Quicken apart from the competition. Most of the investing tools are only available in the desktop version, though.

Quicken is best for comprehensive budgeting

• So, you might be able to run a very small business using Quicken.
• Again, QuickBooks has many reports available to analyze your bills and expenses.
• We also integrate seamlessly with a wide range of third-party apps and services to help you improve your workflow enabling you to customise our platform to suit your business needs.
• They then feed your responses back to you as graphs and tables.
• You must have Quicken Premier or Home and Business to get X-Ray.

Additionally, this single view may help you spot an unauthorized transaction quickly, and the sooner you can find and alert your bank about that, the quicker the bank can cut off access to the account. Quicken Deluxe for Windows is best suited to personal finance power users who don’t mind setting up an application on their desktop and doing some of their work there. Anyone comfortable working with Windows applications should find it easy to use. QuickBooks is an easy-to-use accounting software that can help you automate tasks such as bookkeeping, invoicing, expense tracking, inventory management and more.