QuickBooks and Quicken are two popular entities in the vast and flourishing arena of financial management software. They are the brainchild of Intuit and are used worldwide by millions of users. If QuickBooks is well-designed for businesses then Quicken is suitable for managing personal finances. So, the discussion related to QuickBooks vs Quicken becomes very important for every professional and individual. The comparison between this two software can be made on their distinct features. Quicken and QuickBooks are designed for different types of usage and comparing them will help users in making their decisions.
We will now discuss QuickBooks vs Quicken in detail.
For a better perspective of QuickBooks vs Quicken, we will be discussing the comparison of their features.
Choosing Between QuickBooks and Quicken: Which Financial Software Solution is Right for You?
When it comes to managing your personal finances or small business accounting, choosing the right software is crucial. QuickBooks and Quicken are two of the most popular financial software solutions available, each offering a range of features and benefits. However, many people find it challenging to decide which one to use, as both programs have different strengths and weaknesses. In this blog, we’ll explore the key differences between QuickBooks and Quicken, helping you choose the right software for your needs. We’ll start by introducing each program, discussing their respective features and benefits, and how they can help you manage your finances more efficiently. We’ll then delve into the key differences between QuickBooks and Quicken, examining how they handle accounting, budgeting, and financial management. This will help you understand the strengths and limitations of each program, enabling you to make an informed decision about which one to use. Next, we’ll explore the pricing and support options for QuickBooks and Quicken, discussing how much each program costs, and what type of support is available. This will help you determine which program is more affordable and accessible for your budget and needs. Finally, we’ll provide some tips and best practices for getting the most out of QuickBooks and Quicken, helping you streamline your financial management and minimize errors or issues.
A Comparison of Features between QuickBooks and Quicken
- Basic Comparison
QuickBooks, a brilliant account software by Intuit, is feature enriched management suite, appreciated worldwide. It is more expensive than Quicken and offers remarkable features like double-entry bookkeeping and inventory tracking. It seamlessly integrates with more than 400 apps and is the world’s most popular accounting software application.
Quicken, another phenomenal accounting software by Intuit, is designed specifically for individuals and families. This accounting software provides features like tracking expenses, account balancing, investments, and budgeting. Despite low on pricing, it does not provide wide accounting features like QuickBooks.
- Hosting
Conceptually speaking, QuickBooks Online is a web-based software and comes in four plans. The plans are Simple Start (1 user), Essentials (3 users), Plus (5 users), and Advanced (25 users). It offers 250 accounts for Simple Start, Essentials, and Plus plans. With the support of high-speed internet, users can access their accounts from anywhere and at any time.
On the other hand, Quicken Home & Business is locally hosted but the latest version allows web and mobile access. The users are advised to opt for them for data synchronization across locations. In addition, users can locally host Quicken only on the Windows Operating System.
- User Friendliness
The user-friendliness of any financial management software plays a key role in its success. While discussing the Quicken Business vs QuickBooks, it is evident that Quicken is less intuitive than QuickBooks. It is because it combines rental property management and learning its usage takes substantial time.
On contrary, QuickBooks offers more user-friendliness to its users and is designed specifically for small and medium businesses. It is widely used to manage finances and generate invoices and reports. Accordingly, it provides a range of user-friendly features for using these functions. In addition, there are many advanced features that demand rigorous learning sessions.
- Mobile app Accessibility
As far as Mobile App Accessibility is concerned, the mobile apps of Quicken and QuickBooks are compatible with Android and iOS. According to technical experts, the desktop version of Quicken is more efficient than the app. The app features are restricted as compared to the desktop. The mobile app of Quicken helps you to view bank transactions, account balances, and your budget. The users can track invoice payments and send receipts. On contrary, users cannot create or generate reports on the app.
On the other hand, the mobile app of QuickBooks permits you to perform different types of tasks that can be carried out on the desktop. Additionally, it also helps you in performing time-sensitive tasks such as creating customer invoices and generating vendor bills.
- Pricing
The pricing and commercial viability play a pivotal role in Quicken vs QuickBooks discussion. The pricing differs and so it justifies their purpose of usage by the users. Quicken offers only one version (Home & Business), which is available for an annual subscription of $99.99.
QuickBooks offers 4 different plans and are available on a monthly subscription basis. The prices of the 4 plans are QuickBooks Simple Start ($25 monthly), QuickBooks Essentials ($50 monthly), QuickBooks Plus ($80 monthly), and QuickBooks Advanced ($180 monthly). For integrating additional QuickBooks services, users are supposed to pay an additional amount.
- Seamless Integrations with other apps
It is believed that more integration software support for any app makes it more user-friendly. While discussing Quicken vs QuickBooks, theQuicken app offers substantial integrations for small businesses but QuickBooks offers a wide range of integration options. Quicken app can be integrated with NeatBooks for scanning receipts, Dropbox for keeping contracts and agreements, Munibilling, Zillow Zestimate for Property Estimate, and more.
On the other hand, QuickBooks supports around 400 integrations and is more user-friendly and popular among users. It seamlessly integrates with apps like Toast, Mindful, SmartSheet, Shopify, MailChimp, Gusto, Square, Synder, Stax, Plooto, PayPal, eBay, Amazon, and more.
- Customer Care support
As both apps are produced by Intuit, they offer reasonably good customer care support to their users. The users of these apps can enjoy features like chat support, email support, phone support, and FAQ pages, for interacting with the company’s executives.
Quicken provides FAQs for the most popular questions about the product. It provides live support on weekdays (Monday to Friday). QuickBooks Online provides a good portal of articles and tutorials on a wide range of topics. The users can use any of the communication modes (phone support, email support, and live chat support) on all weekdays.
- Salient Features of Quicken and QuickBooks
Quicken app offers some salient features that give it an extra edge over QuickBooks. It offers useful property management tools for efficiently managing rental properties. In addition, it offers personal expenses for efficiently managing and monitoring personal accounts, investments, and budgets. It is cheaper ($103.99 annually) than the cheapest plan of QuickBooks. Therefore, it is highly recommended for individuals and freelancers.
QuickBooks offers noteworthy features such as scalability, and advanced accounting features like inventory management, time tracking, job cost, and sales tax calculations. It is highly customizable as it integrates with over 400 apps.
Conclusion
In this blog, we have detailed every important aspect of QuickBooks Vs Quicken comparison that will help users. If you need any extra technical information or assistance then you can contact our technical support team.
