Quicken Vs Quickbooks: Software Comparison

You can add inventory items and input important information like stock keeping units (SKU), cost per unit, description, and reorder point. When you have incoming orders, QuickBooks shows you the quantity of the order so that you’ll know how many units will arrive. Aside from that, you can also turn on payment reminders so that QuickBooks sends a reminder email to customers automatically, informing them of upcoming due dates.

They were both formerly part of Intuit until Quicken was sold off to H.I.G Capital in 2016. Both tools have certain similar features, however, they also possess some differing features that are unique and designed for different purposes. This flexibility allows businesses to create a tailored tech stack that works harmoniously with Quickbooks at its core.

QuickBooks vs. Quicken: Features

Its Business & Personal plan includes rental property management, which is perfect for tracking lease agreements, rent income, and lessee information. Moreover, individuals investing in stocks and other securities can use Quicken as a single platform to track the performance of their investments. Both platforms offer basic financial tools to help set and manage budgets, expenses, and income. Both also provide a low-risk way for new users to evaluate the software before making a significant financial and time investment. Quicken offers a 30-day money back guarantee, and QuickBooks offers a 30-day trial for all its plans, including the top-tier Advanced plan.

Quicken vs QuickBooks 2025

Once you’re done filling out an invoice form, click Email then Send Email. A new window prompting you to enter the email, email carbon copies, and email blind carbon copies, if applicable, will appear. It also has extensive tax features that let you create Schedule A, B, and D reports. You can also pay bills within Quicken with its 11,500+ network of billers.

• QuickBooks is designed for business accounting, while Quicken focuses on personal finance management.
• From a design perspective, the level of customizability that QuickBooks offers is far superior to the likes of Wave.
• The platform generates boatloads of customizable reports that cover everything from basic profit and loss statements to complex cash flow forecasts.
• Let’s discover which accounting software brand is right for your business.

Integrations: QuickBooks Online Wins

• The Quicken Classic plan offers Deluxe and Premier versions, which are $5.99 and $7.99 per month respectively and are available for both Windows and Mac desktop use.
• You’ll get access to expert tax assistance, tools to manage and track income and expenses, automated workflows, invoicing and payments, and cash flow management, which are included in all QuickBooks plans.
• It goes the extra mile by including profit and loss (P&L) reports, cash flow, and tax schedules but has no balance sheet.
• Whether it’s budgeting, debt tracking, or preparing for taxes, Quicken provides the necessary tools to manage personal finances effectively.
• QuickBooks Online takes the lead when it comes to mobile app features.

If you’re a small business owner looking to streamline your financial efforts and you have the budget to do so, QuickBooks is the better option. If you are on a more limited budget and you only want to manage your personal finances, Quicken is likely the better route. You receive all features already discussed involving your personal or “Home” assets. Plus you are granted access to all of the available business and property management features Quicken has. You also gain access to a full array of investment tools like portfolio analysis, returns vs. the market, cost basis tracking, Schedule D tax reports, and buy/sell insights.

QuickBooks Time is the extensive time tracking tool available within the QuickBooks platform for all employees. It can accurately track time and sync with your weekly payroll to make the process as simple as possible. Below is a detailed chart highlighting some key features and specifications about each software and its capabilities. This article comprehensively compares QuickBooks and Quicken, examining their features, functionalities, and intended audiences. By analyzing their strengths and weaknesses, we aim to clarify which platform aligns best with specific financial management requirements, ultimately helping readers make an informed decision. Effective financial management is crucial for individuals and small businesses.

QuickBooks vs Quicken: Core Features

Software integration plays a vital role in creating a cohesive ecosystem for business processes. Here, the focus is on how Quicken and Quickbooks handle integration with other systems and the impact these integrations have on business operations. Quicken was originally released in 1983 by Intuit, which then sold the app in 2016. Currently, the software is available for purchase and use in the United States and in Canada. However, QuickBooks provides a free consultation to help you determine what the best course of action for your small business is.

Can you run a small business on Quicken?

Thus, QuickBooks prioritizes integrations that enhance business functionality, while Quicken focuses on integrations that automate the import of personal financial transactions. Users can also add QuickBooks Bill Pay to QuickBooks to make bill payments easier and faster. With Bill Pay, you can pay vendors and contractors directly within QuickBooks. However, Bill Pay comes at an additional cost if you have more than five payments per month. Otherwise, you can sign up for free on Bill Pay and get five free ACH payments per month. Based on the layout editor above, there are six fixed fields that users can add.

Meanwhile, Quicken Business & Personal, the highest plan, is Quicken’s best plan for those looking for a complete feature set. It goes the extra mile by including profit and loss (P&L) reports, cash flow, and tax schedules but has no balance sheet. If you have rental properties, this plan lets you track all rental properties, rent due dates, tenant information, and rent income.

Finally, we analyzed honest customer feedback and investigated the overall value in the long term for both platforms, among other factors. In summary, if your primary need is business accounting, choose QuickBooks; if you are focused on personal finance management, Quicken is the better option. This feature enables you to track income and expenses for different classes and locations while assets and liabilities can be tracked further for locations only. Class and location tracking can provide you with more insights that are impossible with generic financial statements. It is the best pick for small businesses with inventory, and it even allows online sellers to connect to all sales channels, which is beneficial if you have stores on different ecommerce platforms.

Home & Business

In Quicken, you have the option to pay online or send quicken vs quickbooks a check to the payee. In QuickBooks Online, you can add a new vendor in the bill form immediately. Number, which may come in handy for businesses that don’t use purchase orders (POs).

The fintech offers budgeting functionality, investment tracking, and subscription maintenance at a decent price. Quicken’s dashboard lets you view all your accounts at once, and helps you to create and visualize your budget. Budget management tools are available on all plans, and with the Deluxe or higher plans, you’ll also get greater budget customization options, debt tracking features, and savings goals.

With this plan, you’ll unlock investing tools, built-in tax reports, automatic bill tracking and paying, and automatic reconciliation. The Solopreneur plan costs just $20 per month (currently discounted to $10 for the first 3 months, as well as 20% off Federal Tax Filing). For this outlay, you’ll be able to create customized invoices and estimates, accept payments from a few different vendors, track profitability, and more.