Quicken Personal Finance and Money Management Software

quicken accounting software

While many accounting software titles exclusively serve businesses or individuals, Quicken caters to both. The appropriately named Business and Personal plan specializes in this marriage. This subscription choice lets you quickly switch from documenting business purchases to monitoring your quicken bookkeeping personal entertainment budget. For desktop computer users, Quicken Classic Business and Personal adds functionality tailored to small-business needs. This array of perks includes custom invoicing; separation of personal, corporate and rental revenue; and property value tracking via Zillow.

Quicken is best for handling your personal finances while QuickBooks is best for managing your small business, unless you’re a landlord. Quicken offers more bang for your personal finance buck, but QuickBooks is more intuitive and easier to use. One of Quicken’s main features is tracking and paying online bills. Users can connect utility bills and other standing orders that integrate with the platform.

Quicken Accounting Software Review 2024

It also has more features for personal finance, such as the ability to track investments, keep track of rental properties and create debt reduction plans. Take a look at the attractive dashboard and judge for yourself. The program features an easy color-coded information layout that makes plucking out information, such as spending by category, completely simple. Monitoring trends is also straightforward thanks to the bar chart based display for information over time.

  • Both are financial management tools and even share a few features and functions, but the two software programs are built for entirely different uses.
  • This absence is a potentially disqualifying shortcoming for those who need advanced accounting capabilities.
  • However, some users report issues with connecting bank accounts and lost data when updating the software.
  • These features can help keep your cash flow organized so you can see where your money is going.

Depending on your version of Quicken, you may see several sections of categories, including personal expenses, business expenses, and investment transactions. Quicken has mobile apps for both iOS (iOS 9 or higher supported) and Android. The smartphone apps provide the full range of functions available through the other means of accessing the platform and can be downloaded through the official app stores. At the time of writing, Quicken’s rating on Google Play came in at a three star average. FreshBooks ranks as yet another compelling alternative for freelancers and small-business owners. Unlike Quicken, FreshBooks streamlines the invoicing process.

Your business. Organized & optimized.

You can easily change the category assigned to a transaction if it does not accurately reflect the nature of the transaction. Right-click on the Category column of the transaction in the register and select the correct category from the list. For example, if you spend money at a supermarket, Quicken will likely assign the Groceries category to the transaction. This helps you to easily understand where your money is going and track your spending in different areas.

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