Quicken vs QuickBooks: Which Is the Best for Your Business 2024

Quicken and QuickBooks are two popular financial management tools, each with a unique focus. QuickBooks is highly reputable for business finances, while Quicken can be great for managing personal businesses.

We’ll compare and examine these two tools’ key features, usability, pricing, integrations, scalability, and third-party reviews to help you determine which one is best for you.

Quicken

7.8

• Investment analytics
• Savings calculator

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QuickBooks

9.7

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• Project profitability tracking
• Quarterly tax estimating

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Table of Contents Table of Contents

1. Quicken vs. QuickBooks Compared
2. Quicken vs. QuickBooks Pricing Compared
3. Quicken vs QuickBooks Ease of Use
4. Quicken vs. QuickBooks Key Features
5. Quicken vs. QuickBooks Integrations
6. Quicken vs. QuickBooks Scalability
7. Quicken vs. QuickBooks Customer Reviews
8. Conclusion - Quicken vs. QuickBooks: Which One Wins?
9. How to Choose the Best Accounting Software
10. FAQs

Show Full Guide

Table of Contents

1. Quicken vs. QuickBooks Compared
2. Quicken vs. QuickBooks Pricing Compared
3. Quicken vs QuickBooks Ease of Use
Show Full Guide
4. Quicken vs. QuickBooks Key Features
5. Quicken vs. QuickBooks Integrations
6. Quicken vs. QuickBooks Scalability
7. Quicken vs. QuickBooks Customer Reviews
8. Conclusion - Quicken vs. QuickBooks: Which One Wins?
9. How to Choose the Best Accounting Software
10. FAQs

Quicken vs. QuickBooks Compared

The table below shows a complete and brief overview of how Quicken and QuickBooks compare.

Quicken vs. QuickBooks Pricing Compared

Knowing the cost of software can help you make better decisions. The table below summarizes the Quicken and QuickBooks pricing plans.

Quicken provides outstanding value for money and is ideal for both personal and home use. Its Simplifi, Classic Premiere, and Deluxe plans, which are geared for personal use, are exceptional and provide excellent value. It helps you to keep track of your business income and expenses, pay taxes, and create a budget.

Quicken’s Classic Business & Personal plan is an excellent choice for small business owners, rental property owners, and those who need to track business and personal transactions. It provides basic accounting services like taxation, invoicing, and property management documentation at a reasonable cost.

However, for companies that need comprehensive accounting functions, QuickBooks is the best choice. Its 30-day free trial allows you to explore the software and decide if it’s right for you. You can also take advantage of its 50% discount for the first three months to fully explore the software.

QuickBooks provides comprehensive accounting features for businesses at higher prices, while Quicken offers affordable financing for personal and solo businesses.

Quicken vs QuickBooks Ease of Use

Quicken is simple to use, given that it only provides basic accounting features. These features are presented in an easy-to-understand and usable format, even for those without a financial background. In contrast, QuickBooks offers advanced accounting features to businesses while also having a user-friendly interface. However, its extensive list of complex accounting features may become challenging for a novice to quickly understand.

Quicken specializes in personal finance features like budgeting, expense tracking, and investment management while also offering tools to manage rental properties. This makes it ideal for beginners in personal finance and small-scale landlords.

On the other hand, QuickBooks is best suited for experienced users who need a double-entry accounting solution, which makes it a perfect choice for business managers and accountants.

Quicken vs. QuickBooks Key Features

QuickBooks outperforms Quicken in this category due to a number of features, including complex accounting functions and other elements that we will discuss briefly. As previously mentioned, Quicken is personal finance software, which makes scalability a concern for businesses.

To provide a more comprehensive understanding of why and how QuickBooks is preferred, we will compare the two software based on invoicing, automations, modifications, and cost tracking.

Quicken vs. QuickBooks Integrations

QuickBooks integrates with a large number of external applications such as CRM tools, payment processors, e-commerce platforms, accounting, marketing, and more. Some of the applications include popular apps like Shopify, PayPal, Square, BigTime, Gusto, Stripe, Salesforce, etc.

While Quicken may not have the same level of extensive third-party integration as QuickBooks, it still offers a range of features to help users manage their personal and business finances. Quicken integrates with banks and brokerage accounts making it easier to maintain a comprehensive financial overview. Additionally, Quicken’s integration with PayPal enables users to accept online credit card payments from customers, while its Dropbox integration provides flexibility for users who prefer alternative storage methods for their financial documents.

Each software integrates based on its purpose of usage. QuickBooks, which is designed for business use, offers more flexibility with its integration of external tools. On the other hand, Quicken’s usage purpose makes it a straightforward platform to track income and expenses with budgeting and investment.

Quicken vs. QuickBooks Scalability

In terms of scalability with a company, QuickBooks wins in this category. Firstly, its features are designed to accommodate businesses at any level. It’s versatile with the ability to handle different business needs with its features, starting from reporting features to ecommerce, number of users, multi-currency support, inventory, and workflow automation.

Also, QuickBooks’ several price plans (Self-Employed, Simple Start, Essentials, Plus, Advanced) cater to different stages of business growth. This allows businesses to start with a basic version and upgrade as their needs become more complex. In terms of the number of users, QuickBooks allows users to add more team members up to the last tier, which supports 25 users.

Because Quicken focuses solely on personal finance management, it’s not designed to scale significantly beyond personal finances and very small business use. Therefore, Quicken is best for individuals or households with financial management needs. At the same time, QuickBooks online is designed to scale with small to medium-sized businesses, having a wide range of accounting and financial management features.

Quicken vs. QuickBooks Customer Reviews

Many customers commended Quicken for its excellent tax expense tracking and overall excellent financial assistance. One of their customers stated that they have been a member since 1994 and appreciate having their financial information at their fingertips, which makes tax preparation easier.

User review from Trustpilot

Based on customer reviews, it’s evident that most Quicken customers chose it for their personal finance, investment, taxing, and financial data reporting.

Likewise, QuickBooks users value its exhaustiveness and admire how QuickBooks customer support came to their aid.

User review from Trustpilot

Conclusion – Quicken vs. QuickBooks: Which One Wins?

Overall, QuickBooks exceeds Quicken in terms of features, integrations, scalability, and client satisfaction. Given its feature set, it’s advanced accounting software appropriate for most business needs.

Quicken, on the other hand, is quite cost-effective, making it an excellent choice for personal or home financial use. This is because its basic accounting features are excellent, and it also works well for small business financial management needs.

While both accounting software functions exceptionally for their intended use, QuickBooks is the overall winner in terms of business usage.

How to Choose the Best Accounting Software

Are you seeking the best accounting software but stuck at choosing the right one for your needs? Follow the guide below when choosing accounting software.

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