Classic: Business & Personal

The online bookkeeping service is upfront with its pricing and allows you to commit to a flat monthly fee of $49 and an hourly rate of $125 for support when you need it. Only use as much as you need and pay for personalized support. When it comes to running your business, it’s all about finding the right services that help things run smoothly. The best online bookkeeping services offer reliable, feature-packed, integrated solutions at a price point that won’t break your budget. Quicken is for managing your personal or family finances, with a few business tools tacked onto its top-tier service, Quicken Home and Business.

Lifetime financial planning

We carefully reviewed Quicken’s value for money and the number of features included in each tier. The needs of individuals and businesses alike were considered. We also analyzed customer feedback, ease of use, competitor offerings and the educational resources included in the platform, among other factors. In contrast, many competitors, like QuickBooks and Zoho, include an add-on paycheck-cutting option. Quicken also can’t connect to banks outside quicken bookkeeping the U.S. and Canada, among other hindrances to business growth.

Best for Unlimited Support

So, if you don’t like it, you’re not locked in for the entire year you already paid for. Quicken and QuickBooks are two popular accounting software programs. Quicken is designed for personal finance while QuickBooks is geared toward small businesses. Both programs can track income and expenses, create budgets and generate reports.

Recommended Alternative: QuickBooks

Financial misrepresentation occurs when you (or the business owner with your help) juggle a few of the financial figures to make the business look a little more profitable or a little healthier. Although the practice may seem innocent enough, it’s a serious crime. Pilot specializes in working with high-growth technology startups, among other small businesses.

• If you’re not sure your business needs round-the-clock bookkeeping services and instead you’d prefer to opt for an as-you-go plan, we like Bookkeeper360.
• Quicken Business & Personal delivers the most value to small businesses and rental property owners looking for a simple way to manage their finances.
• Automatically download all your accounts into one complete system, and see your total financial performance.
• However, it cannot generate a balance sheet for your small business or rental properties.
• Maximize deductions with built-in reports for profit & loss, balance sheet, cash flows, and all the tax schedules you need, including schedules C & E.
• QuickBooks Online users frequently mention its ease of setup and use, emphasizing its straightforward and intuitive interface.

If you’re not careful, doing either of these two things can, quite literally, lead to financial ruin. Simply invite your accountant to work on your books via the Manage Users page. We leverage our expertise and extensive research capabilities to identify and address the specific questions our audience has. This ensures that our content is rooted in knowledge and accuracy and offers in-depth insights and recommendations. By default, Quicken stores your files locally on your computer.

Nevertheless, it is an excellent choice for sole proprietors or small businesses without employees seeking affordable software with robust expense and income tracking capabilities. Both Quicken and QuickBooks are strong contenders in any finance arsenal but their uses depend on what type of finances you need to manage. 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.

For small to midsize businesses, this convenience and feature set make it the better option. QuickBooks Online outclasses Quicken in terms of features, offering a comprehensive accounting solution. I like that its double-entry bookkeeping system allows you to easily track invoices and manage bills, making it ideal for businesses requiring robust accounting tools. Maximize tax deductions across both business & personal finances. Save time with built-in reports for tax Schedules A through E, and export your data to TurboTax for tax season.

It has the features and scalability most businesses need to manage their finances effectively. If you’re looking for something in addition to the one-time Live Expert Cleanup option, we like the range of monthly online bookkeeping services QuickBooks Live offers. The Live Expert Assisted plans come with QuickBooks expert one-on-one guidance and access to tax resources so you can manage your books on an ongoing basis. Quicken is a personal finance management application for creating budgets, tracking expenses, and managing investments.

Your business. Organized & optimized.

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 personal entertainment budget. Quicken has received strong reviews on third-party sites that praise its versatility and ease of use. However, some users report issues with connecting bank accounts and lost data when updating the software.

If things still don’t click for you, you may be trying to do too much with Quicken. The Forbes Advisor Small Business team is committed to providing unbiased rankings and information with full editorial independence. We use product data, strategic methodologies and expert insights to inform all of our content to guide you in making the best decisions for your business journey. In addition, you’ll get unlimited online support for questions that need to be answered quickly. So, if you wish to expand your business or personal wealth dramatically, consider a different platform. More than 650 apps including QuickBooks Time, QuickBooks Payroll and Gusto.

In my opinion, QuickBooks Online easily edges out Quicken when it comes to integrations. With access to over 750 third-party apps, it offers unmatched flexibility for businesses. When I compare Quicken and QuickBooks on pricing, I’d say Quicken comes out ahead if all you need is a tool to track income and expenses for a sole proprietor or freelancer.

Due to its focus on personal finance, the platform lacks scalability for businesses. QuickBooks is popular, but it’s expensive and requires some accounting knowledge. Its customer support is not highly rated, and it may not have all the customization options your small business needs.

It’s designed primarily for desktop use — on Windows or macOS — and comes with companion web & mobile apps. It is clearly designed for a specific niche—personal finance management with some light accounting capabilities for a rental or part-time freelance gig. It shines if you want a straightforward way to manage finances and investments without the complexity of full-fledged accounting software.