![]() Quicken provides options for you to list your business transactions, including income and expenses. Professional accounting software uses a chart of accounts to list separate accounts for income, expense, asset and liability tracking. With Quicken, you can add these accounts to the appropriate categories. See what's new with the 2018 release of Quicken for Mac! Quicken is the most powerful money management software on the market. Setting up Quicken categories allows you to create more detailed reports to see relevant information detailing your company's financial data. Accounts necessary for a business to run effectively include accounts receivable, accounts payable, sales tax, assets and business checking, savings and credit card accounts. When trying to make a decision about Quicken vs. Quickbooks for small business, the only fair way to determine which one of these software packages is right for you is to compare them side by side. Each one of these desktop software options has definite advantages, and you’ll want to consider each one carefully before making a decision. Read what the difference between quicken and quickbooks is before you decide to buy either one. Quickbooks: Two Accounting Software Options for Small Business Before you Decide on Quicken or Quickbooks: Some Background Information Intuit introduced Quicken, its personal finance software, to the market in 1984. The software became popular and the company started offering different versions, including Quicken Home Business, which integrated personal finance and business records into a single software program. Entry-level Starter, Deluxe, and Premier editions, as well as a Rental Property Manager edition are also available. Quickbooks software is software geared toward small business owners. Also developed by Intuit, it was launched in 1998. The new program was based on Quicken and was designed for business owners who had limited accounting experience. The software was a success; however a number of accountants felt at the time that it did not have the level of robustness, security and an audit trail required of a small business accounting package. Intuit responded by improving Quickbooks. In 2000, the software was updated to include features like double entries, audit trials and other features. These changes were meant to be accounting industry compliant for instances where small business owners were using the software for day-to-day record keeping and visiting a professional for quarterly or year-end services. Compatibility Quicken pro is also available in Windows versions. You can also access the software online. Quickbooks is available for Windows and online. The Mac version is available for North American customers only. Features and Pricing of Quicken Home and Business Quicken Home and any small Business allows you to manage both your personal and business finances with one software program.
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March 2019
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