QuickBooks and Quicken To Know more Call 18009450645

5 Tips to choose the right accounting software
May 4, 2017
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May 6, 2017

QuickBooks and Quicken To Know more Call 18009450645

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QuickBooks and Quicken: Similar Names, Distinct Features

With everything revolving around software programs these days, accounting field has also not remained untouched by its impact and power. Not to forget its contribution in going paperless. Name any area or field and you would find everything centralized and easily accessible. To suite your requirement there are varied accounting solutions available in the market. The confusion lies in picking the right fit for your organization. The confusion increases when you find two similarly named accounting solutions like QuickBooks and Quicken.

Why QuickBooks and Quicken create confusions in mind?

When you go through both names starting with ‘Quick’ in first glance, both of them appear to be similar. As Quicken and QuickBooks were both introduced by Intuit Inc. in the market, this becomes the second reason of confusion in people’s minds. However, the fact is that QuickBooks came much later after Quicken has gained popularity in the market. The third reason is the success of both accounting solutions in their respective segments. However, opting between them is not a tough task if you can understand their purpose and what they have to offer you.
Quicken was first released in 1983 as a personal finance management tool i.e. its primary motive is to help the individual users to manage their finances. Single-entry accounting capability is followed by the software that serves the personal accounting needs such as listing and tracking financial transactions. Intuit sold Quicken later to H.I.G Capital in 2016.

Parameter Quicken QuickBooks
Current Owner H.I.G. Capital Intuit Inc.
Supported OS Windows & Mac Windows & Mac
Current Versions Quicken Deluxe, Quicken Starter, Quicken Rental Property Manager, Quicken Home & Business and Quicken Premier QuickBooks Accountant, QuickBooks Enterprise, QuickBooks Premier, QuickBooks Pro
Recommended For Personal Finance Management Small & Mid-size Business Accounting Operations
Accounting Capability Single Entry Double Entry
Cloud Version No Available as QuickBooks Online
Hosting Possibility Yes Yes
Payroll Feature No Yes
Invoice and Tax Feature No Yes
Add-on Integration Yes Yes
File Format *.QDF *.QBM, *.QBA, *.QBW

QuickBooks was first released by Intuit Inc. in 1998 as accounting software, almost over a decade after Quicken. QuickBooks targeted primarily the small and mid-sized businesses that have complex accounting requirements. It is available in various versions that encompass versatile features and options to simplify the entire accounting operations such as maintaining payroll and preparing taxes, etc. Due to its ease of use and versatile features, it has widely covered 85-90% business accounting market of USA.

Quicken and QuickBooks: Is it the Same Thing?
QuickBooks and Quicken are distinct software programs where both encompass different set of features and operations targeted for different set of audiences. However, this does not imply that you should go for QuickBooks over Quicken for your business. There are certain businesses for which Quicken is the right solution where as QuickBooks proves to be a better choice for businesses that have numerous invoices to be prepared and send.

To bring more clarity on which product to choose among QuickBooks and Quicken for your respective purpose and requirements, you may call on 1-800-945-0645 for further details.

1 Comment

  1. […] We should investigate one of the innovations ready to help our clients thrive. For Small Business. QuickBooks Online vs Desktop: Which is Right for You? 8 Key Differences Between QuickBooks Desktop & Online are: Beginning Expense – QuickBooks Online offers a free 30 day trial, so there is no underlying fees to give it a shot. The QuickBooks Desktop rendition requires the buy of the product forthright. Month to Month Expense – QuickBooks Genius Desktop 2015 is a one-time installment or you can get QuickBooks Master In addition to for a yearly installment. Then again, QuickBooks Online requires a month to month membership. What is Payroll Service? Quickbooks Help. QuickBooks and Quicken To Know more. […]

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