Quicken Vs QuickBooks – Integration, Pricing, Features, & Advantages (Competitive Analysis)

Quicken Vs QuickBooks – Integration, Pricing, Features, & Advantages (Competitive Analysis)

Quicken, as well as QuickBooks, are two names that you could consider when searching for software to manage your business’s finances. They are two of the most well-known platforms in the field of financial software. You may be wondering if one of these choices is suitable for you. We’re here to guide you through Quicken Vs QuickBooks.

Today, we’ll go over Quicken and QuickBooks for small-sized businesses and provide you with all the details about the accounting software programs. So, let’s begin.

Quicken Vs QuickBooks: Brief Comparison

Quicken software is specifically designed for people who have personal finances whereas QuickBooks is specifically designed for small businesses.

In addition, when we talk about Quicken Home and Business in comparison to QuickBooks the Business version of Quicken has business finance capabilities for professionals only who have rentals for their side business.

In contrast, QuickBooks is targeted at small-sized enterprises. It includes all the functions necessary for managing finances and bookkeeping as well as accounting.

Be aware that even though Quicken Home and Business has numerous versions, it’s ideal for entrepreneurs with small businesses. Now let’s discuss the features of Quicken as compared to QuickBooks for small-sized businesses.

Key Features Of Quicken And QuickBooks 

Before we go deep into the particulars of the contrast between Quicken Home & Business vs QuickBooks Online, let us begin by looking at the basics of each program.

This Quicken Home and Business software must be downloaded onto your PC since it’s hosted locally. However, the most recent version supports mobile and internet access for users. Unfortunately, it’s true that Quicken Home and Business is compatible only with Windows OS only and not compatible with Mac.

Read More: QuickBooks for Windows & Mac for free

In addition, QuickBooks Online permits users access to their accounts from anywhere through the internet. Additionally like Quickens, QuickBooks Online comes with four distinct subscription plans, and each one of them comes with unique features. Let’s take a look.

 

Quicken vs. QuickBooks: Comparison Table

Features QuickBooks Quicken
Online Payments Yes Yes
Accountant Acess Yes No
Generate financial statements Yes Yes
Cloud-hosted Yes No
Customer Support Phone and Live Chat Phone and Live Chat
Payroll Administration Yes No
Price $25/month (Simple Start)
$50/month (Essentials)
$80/month (Plus)
$180/month (Advanced)
$99.99 (Home and Business Plan)
Rental Property administration No Yes
Create Invoices Yes Yes
Manage Accounts Payable Yes Yes
Manage Accounts Receivables Yes Yes
Manage 1099 Contractors Yes No
Generate Financial Statements Yes Yes
Best For  Small enterprises Rental Property Owners
Mileage Tracker Yes No

A Look At Quicken  Home & Business Features

Quicken Home And Business Features

Quicken Home & Business, which is the top tier of Quicken’s personal financial programs, is actually one step higher than Quicken Premier. It also comes with a variety of options like budgeting, transaction import, categorization of investments as well as bill pay.

Additionally, the version of Quicken version has features to aid business owners, including:

  • Transaction categories for commercial as well as personal and rental properties.
  • Cash flow reports that include estimates of profit and loss.
  • Tools for creating tax-related reports and maximizing the tax deductions for businesses.
  • Quicken lets you email rental and business reports.
  • Access to customize and create the invoices.
  • A single bill dashboard to remind you.
  • You can design and send customized rent reminders via email by using a PayPal link.
  • Monitoring lease conditions as well as rental rates and income.
  • Assistance via chat and phone to customers.

The majority of functions of Quickens Business and Home are useful for people who have rental properties. But, even if an owner-operator, contractor, or freelancer running some kind of small-sized company and a small budget, the tools that are included in the software are sufficient for you.

A Look At QuickBooks Features

QuickBooks Features

In general, QuickBooks is more focused on bookkeeping and accounting rather than Quicken. It is a more bookkeeping-focused program than Quicken. QuickBooks Online comes in four plans that include extra features available to users. But, regardless of the plan you select, QuickBooks Online offers the following features:

  • “Export” and “Run” reports, such as balance sheets reports, P&L statements, and more.
  • Multiple accounts can be utilized to track business earnings.
  • Automated categorization of transactions into tax categories.
  • Receipts can be recorded and categorized.
  • Design, customize, and then create multiple invoices.
  • Accept online payment.
  • Track Mileage.
  • Prepare customized reports.
  • Features such as “Track Cash-Flow and Report” on the dashboard.
  • Send/Customize Estimates.
  • Track/Calculate sales tax.
  • Control up to 1099 contractors.
  • Integration with your bank account
  • Print checks
  • QuickBooks Mobile App compatibility.
  • Integration with third-party as well as QuickBooks tools.
  • Allow access to your account for your accountants for business.
  • Chat and phone support.

If you upgrade to a higher-level plan that QuickBooks offers, you’ll have more features. Furthermore, time tracking, multi-user mode, bill management, etc. are included in the core plan. 

In addition, the Plus plan grants you access to a tracker of profitability for projects and inventory, and the Advanced version includes options such as sophisticated reporting and batch invoices workflow management and analytics with many more features.

Quicken vs. QuickBooks – User Interface

QuickBooks Online has an interface that is web-based meanwhile Quicken is Desktop software that needs customers to download the program before installing it onto their computer.

Contrary to Quicken, QuickBooks is available within minutes of purchasing its subscription. Let’s look at the interfaces of Quicken Vs QuickBooks.

User Interface Of Quicken

Quicken Interface

When it comes to the user-friendliness of Quicken, it is a bit difficult to use than QuickBooks Online for business activities because Quicken provides both accounting tools along with other tools which can be used for non-accounting-related business functions.

The following tabs are displayed on the dashboard of Quickens:

Menu View: This menu feature within Quicken allows you to navigate to different programs like Rental Property, Bills & Income, and more.

Spending: It is essential to look over your spending habits and in this section, the graph displays your expenditure in subcategories like Utilities as well as Auto.

Bills To Pay: This feature is a necessity in companies, it is essential to pay your bills on time, and this feature was designed to help you do that.

Budget: The tab is where users can build a budget, keep track of spending, and cut the expenditure efficiently to save money.

User Interface Of QuickBooks Online

QuickBooks Interface

QuickBooks Online is a lot simpler than Quicken. Its dashboard QuickBooks Online includes many beneficial options, such as the breakdown of customer unpaid invoices, profits and losses, and overall expenses, sales, and others.

In addition, there are eight essential areas on the dashboard, which include:

Left Menu Bar: This function allows users to make invoices, access reports, and monitor bank accounts.

Plus Button: By clicking this button, users can also incorporate their company logo to brand their QuickBooks account. QuickBooks account.

Profit And Loss: Since there is no requirement to run a report in making a decision on the amount of profit or loss the user can simply use this tab.

Costs: This tab is comprised of all business expenses during a given time, which includes three categories: Job expenses, Product Costs, and Maintenance and Repairs

Invoice: The invoice tab allows users to know how much customers have to pay them, i.e. Accounts Receivable. Additionally, you can collect funds that you’ve already transferred against. the funds that are awaiting deposit.

Sales: Check your sales frequently throughout the course of the year to identify trends, then implement the necessary adjustments.

Banking Accounts: This segment lists the links to bank accounts and credit cards along with the breakdown of the amount of balance in each bank.

Time Tracking: To record the hours you work with QB online this feature can be extremely useful.

Quicken And QuickBooks Online: Mobile Application Features

As technology improves in time, customers now are compelled to use Quicken and QuickBooks on their phones too. Luckily, QuickBooks online, as well as Quicken, permit users to access their information through their mobile apps.

The apps are available for both Android and IOS. Let’s now find out what these apps can accomplish in the following sections:

Quicken App

Quicken Mobile App - Quicken Vs QuickBooks

Quicken Mobile App lets users complete basic tasks such as viewing their bank transactions from any location. The app does not offer customers unpaid bills or invoice creation features. 

However, it synchronizes transactions you make on your mobile app on your computer automatically.

In addition, the following functions are achievable using the Quicken application:

  • Balances and checking transactions.
  • Recording receipts and attaching receipts transactions on the account.
  • Examine the budget you designed on your desktop.

QuickBooks Online App

QuickBooks Mobile App - Quicken Vs QuickBooks

In contrast to the Quicken application, QuickBooks mobile app can effortlessly complete every task as QuickBooks online desktop application, such as creating new vendors and customers, creating invoices, and so on.

Additionally, the tasks listed below are easy to perform using the QuickBooks Online App.

  • Snap a picture, and then link receipts with transactions.
  • Track Automobile Mileage.
  • Create Customers and Vendors.
  • Prepare Customer Invoices
  • Make vendor Bills.

Quicken vs QuickBooks – Pricing Analysis

In comparing Quicken VS QuickBooks pricing, we noticed the capabilities, user interfaces as well as mobile application services. 

The question is, what exactly is the cost? Because Quicken is computer-based, it costs on an annual basis a subscription plan.

In contrast, QuickBooks Online has a monthly subscription fee that is based on its software. Let’s look at their pricing in the following table:

Quicken Business & Home – Pricing

Since the software has only an edition of the software, it needs customers to shell out an annual cost of $99.99 to subscribe. 

In return, it provides the useful features we’ve already mentioned and, in addition, it gives access to the mobile accounting application.

The best part is that it provides users with 30 days of money-back guarantee for the accounting software.

QuickBooks Online – Pricing

QuickBooks Online is available in four different plans which makes the cost of it quite difficult. In short, it costs users each month for their subscription.

Furthermore, the cost is dependent on the plan they choose and the cost breakdown for each of its plans is listed below:

Simple-Start: The most basic Version available in QuickBooks Online costs $25 per month.

Essentials: QuickBooks Online Essentials version is a more advanced version that is a higher version Simple Start and it costs $50 per month.

Plus: The next plan on the list is “Plus”. It charges around $80 per month from users.

Advanced: QuickBooks Online Advance plan is the most expensive on the list and costs $180 per month.

It is possible to integrate additional QB services like QB Payroll, QuickBooks POS as well as TSheets and TSheets at an additional cost. 

Although even the most basic QuickBooks plan is 3 times more expensive than the Quicken year-long subscriptions, QuickBooks basic plan offers many more than accounting tools and features that are ideal for small-sized business owners.

Benefits Of Quicken And QuickBooks 

After exploring all the important elements in Quicken Vs QuickBooks, if you’re still unsure which is the best choice for you, then let’s look into the advantages of Quicken and QuickBooks Online, and thereafter, you can choose accordingly which software is best suited to your needs.

Advantages Of Quicken

Quicken Advantages - Quicken Vs QuickBooks

Quicken is ideal for those who wish to use one software to track their personal and business financials. Additionally, it comes with Quicken Home & Business, you can manage investments, handle personal finances, and provide a range of options for business tools.

In case, for instance, you make only a few business transactions, particularly those related to rental properties, Quicken is the best choice to keep track of and organize transactions.

In Quicken you are unable to handle your personal and business finances at the same time but it can’t be considered an issue for Quicken since keeping track of financial transactions for both personal and business can cause confusion.

When it comes to taxation and Quicken bookkeeping if you’re not careful and provide inaccurate information, you could even be in legal issues.

If you want to manage and store all of your transactions in one platform, Quicken Home & Business is an excellent option. One of the biggest advantages for Quicken as compared to QuickBooks is the price. With $99.99 per year, users can use this program that is 3 times less expensive than QuickBooks.

In the end, if you’re handling only a few transactions for your business, and you’re only managing a few transactions, it’s beneficial to save money by putting it in Quicken.

If you really need to require accounting tools to boost your small-scale business, you ought to consider QuickBooks Online. What’s the reason? Check out QuickBooks Online’s Pros of QuickBooks Online and choose it for yourself.

Advantages Of QuickBooks Online

Advantages Of QuickBooks Online - Quicken Vs QuickBooks

In the beginning, QuickBooks Online was designed specifically to assist small-scale entrepreneurs to grow their businesses. 

Consequently, it provides a broad variety of options of financial tools to users to ease out the financial burden and help companies to grow. 

Although Quicken is a business-specific tool, QuickBooks Online is popular as an accounting software with a variety of features.

With the basic version that comes with QuickBooks Online, business owners are able to manage their daily accounting, bookkeeping, payments, and invoicing, as well as reporting and many more functions. 

Additionally, the more expensive the plan is, it will have more options you receive. So even in the event that QuickBooks Online is expensive than Quicken, however, the cost is well worth it.

As QuickBooks Online was designed to assist small companies, its interface is more appealing and user-friendly than Quicken. 

QuickBooks Online lets users access their company’s financial records without the need to separate their personal finances.

Final Verdict

QuickBooks and Quicken Both are excellent accounting software that can be used by companies and business owners. If you own any rental properties, we recommend you use Quicken and if you’re looking for software to manage your finances that will work for small businesses, then QuickBooks online will be the best choice for you.

Concerning the interface of QuickBooks and Quicken QuickBooks has greater features, with a more intuitive dashboard. In addition, with regard to the QuickBooks and Quicken Price, the QuickBooks is three times more expensive than Quicken, and, considering the features it gives users, we’ll conclude that it’s worth every penny.

In addition in terms of their mobile-friendly application, QuickBooks Online clearly has an advantage. We hope that our review will aid you in selecting the right software to satisfy your needs. We’ll now conclude our ultimate overview of Quicken Vs QuickBooks. If you liked it, be sure to check out our other posts.

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