We may make money when you click on links to our partners. Our in-depth review process took these factors into account, as well as others, such as cost. Accounting software and other financial software focused on the small business niche have also grown in recent years. Additionally, the Deluxe, Premier and Home & Business packages all come with in-depth investing features. While this sounds nice, unless your business has its own 401, this will likely be unnecessary to play with.

Both Mint and Quicken have a number of solid features to help you organize and track your personal finances. Quicken is fairly easy to use, although some features can be a little tricky. Fortunately, Quicken offers excellent customer support to ensure you get the most out of your software.

• Track your income and expenses, set up budgets and create financial goals.
• Whether it is simple bookkeeping or complex budgeting and forecasting, our customer relationships are as varied as they are strong.
• On top of these, you can add apps like Shopify and Square to manage your ecommerce business.
• It offers features that enable you to organize and track all of your finances.
• Both Quicken and QuickBooks are strong contenders in any finance arsenal, but their uses depend on what type of finances you need to manage.

The difference between Quicken vs QuickBooks is that Quicken is primarily for managing personal finances, whereas QuickBooks Online is a double-entry bookkeeping system for small businesses. However, Quicken does have features to track income and expenses of rental houses and simple one-person businesses. What QuickBooks offers for the small business, Quicken offers for individuals and families. Quicken tracks your account balances, transactions, investments, personal budgeting, loans, and any other part of your personal financial life. The Home & Business version includes the ability to track rental properties and small businesses in addition to your personal information. Its Online version offers either a free 30-day trial or half off your first three months.

Tools to help your business thrive

And while you do need to pay a yearly subscription fee, pricing is competitive. There’s even a risk-free guarantee, so you can make sure that the software works for you before investing long-term. There are, however, a few features that it notably lacks, such as bill pay. Mint also has strong mobile apps that are easy to use on your smartphone or other devices.

Easy-to-read reports and dashboards help you make smarter business decisions. 98% of customers agree it’s a simpler way to manage their business. Connect your bank account and credit cards to automatically import and sort expenses into tax categories for more potential deductions. QuickBooks customers find on average $3,534 in tax savings per year.

It can perform advanced functions, such as assigning time worked and expenses to customers or projects. To help determine which of these two widely used financial management tools is best for you, we conducted a comprehensive review process of both. The most expensive plan for its Online option is $180 per month and includes up to 25 users, batch invoices, customized access by role, automated processes and exclusive app integrations. Desktop has an Enterprise plan for $1,340 per year and allows up to 40 users.

She also regularly writes about travel, food, and books for various lifestyle publications. Danielle is a writer for the Finance division of Fit Small Business. She has owned a bookkeeping and payroll service that specializes in small business, for over twenty years. A controller is an individual who has responsibility for all accounting-related activities within a company including managerial accounting and finance. QuickBooks is available for purchase for a fixed fee, while Quicken’s pricing is available for a multitiered variety of monthly and yearly subscription plans. That said, overall, QuickBooks is still generally far more expensive than Quicken.

No matter the Desktop plan you choose, you can install your software on multiple computers—up to however many users your plan allows. If you’re like most users, you have an average of two to three finance apps on your smartphone. If you’re a business owner, you likely have even more thanks to the plethora of tools available. Bill tracking is included in all packages, but you’ll just have access to bill pay in the Premier and Business & Home packages.

QuickBooks

Don’t spend much longer choosing your accounting software. Contact us today to get a short list of qualified vendors who will meet your needs. Small businesses have to automate, otherwise the principal owners will spend all their time working on their business and no time working in their business. An easy-to-automate feature for many businesses is bill pay for recurring expenses. If you just want to track your personal financial information, Quicken has all of the features you could want.

Reviewers also praised its ability to track retirement assets. The software’s biggest drawback is its inability to perform basic bookkeeping tasks such as invoicing clients. Quicken is the best choice for your business if you’re on the smaller side, don’t have additional employees and want robust expense tracking. If you have a larger team or work primarily on a non-Windows computer, check out our best accounting software picks to find an alternative service. The Home & Business package also includes some interesting business and rental property features, which make it easy to invest in properties and track tenants. This package also has robust tax planning features that can help you with Schedules A, B, C and E.

Additionally, we can quickly setup Quicken software to custom fit your unique requirements and deploy resources almost immediately, ensuring quicker TAT and affordable prices. Without a tighter monetary control, most businesses bleed money without understanding where the actual problem lies. Therefore, for small businesses and entrepreneurs, managing cash flow and day-to-day financial operations is as important as growing the business itself.

Features

The software is easy to learn and intuitive, but if you encounter any issues, your only support resources are in-software chat, FAQs, and Mint’s blog. When it comes to pricing, it doesn’t get much better than Mint. Mint is completely free to sign up, set up, and use for your personal finances.

Merchant Maverick’s ratings are not influenced by affiliate partnerships. While Mint and Quicken are great for personal use, more robust financial solutions may be necessary if you own a small business and need to monitor your cash flow. Start off by determining if using your personal bank account for business makes sense. If not, it may be the right time to switch to a business bank account.

The 30+ Best Small Business Tax Deductions

Our mission is to help technology buyers make better purchasing decisions, so we provide you with information for all vendors — even those that don’t pay us. Danielle Bauter is a writer for the Accounting division of Fit Small Business. She has owned Check Yourself, a bookkeeping and payroll service that specializes in small business, for over twenty years. She holds a Bachelor’s degree from UCLA and has served on the Board of the National Association of Women Business Owners.

Even users without any prior software experience will find Mint’s cloud-based software and mobile apps easy to set up, learn, and use. QuickBooks uses a dashboard to give a visual overview of accounting including current expenses, income, and upcoming bills. The software connects and compares profitability across projects to help businesses better understand their market and how they can improve their income over time. With integrations like QuickBooks Payroll and TSheets, companies can connect directly to their time clock tools and include payroll expenses in their budgeting. While Quicken and QuickBooks have similar names, they’re separate products that serve different purposes.

This is just a CD copy of the Quicken software, so it’s not at all necessary to buy since you can just download the program from the web.

She has been a financial writer and editor for over 15 years, and she has a degree in finance, as well as a master’s degree in journalism and a Master of Business Administration. Previously, she was a financial analyst and director of finance for several public and private companies. Tina’s work has appeared in a variety of local and national media outlets. Around the world in 2023, over 141 companies have started using Quicken as accounting tool.

QuickBooks Online comes in four plans ranging from $30 to $200 per month, depending on the number of users and features desired. One other type of plan Quicken offers is a subscription to its personal finance app, Simplifi. This app started back in 2020 and is intended to provide users with insights into their financial habits. A yearly subscription is $47.88, although you do have the option to pay $3.99 per month instead.

You can use Tsheets by QuickBooks to manage employee timesheets, send 1099 forms to contractors for single or recurring projects, or sign up for payroll services. If you opt for the QuickBooks payroll tools, you’ll pay a small monthly fee. Alternately, you can sign on for full-service payroll guidance from an expert for a larger subscription price. QuickBooks Online goes beyond basic accounting features with time tracking, inventory management, sales tax and job-cost calculations.

You can download how to write a receipting transactions into the software and initiate bill pay. The software automatically categorizes expenses based on how you categorize them. If you want automatic downloading of bank transactions, the cost is $39.99 a year.

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. Here is a list of our partners and here’s how we make money. It connects to all your brokerage accounts and gets a complete view of your market value and portfolio. Not only can you see your balances, but using Quicken helps you to understand where your money goes.

Plans start at $3.49 a month, although most businesses will want to spend more for the Home & Business plan at $8.99 per month. 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. QuickBooks Online can also manage rental properties, but the setup is less intuitive and can take a lot of trial and error to get it just right. You can upgrade plans as your business expands and add other products, like QuickBooks Payroll, as needed.

Kathy Haan, MBA is a former financial advisor-turned-writer and business coach. For over a decade, she’s helped small business owners make money online. When she’s not trying out the latest tech or travel blogging with her family, you can find her curling up with a good novel. Quicken has changed its service to a subscription model, meaning that you can’t just buy the software anymore. Instead, you’ll pay an annual fee to keep accessing the program. Please keep in mind third parties may use a different credit score when evaluating your creditworthiness.

Users most like the abundant features, competitive pricing, and ease of use. Some of the negative issues pointed out by reviewers include occasional bugs, crashes, and problems with loading transactions and syncing accounts. Quicken offers phone support for its customers and boasts short wait times and friendly, helpful support agents. In addition to phone support, you can also find the help you need through Quicken’s quick start guide, in-software resources, help center, live chat, or community forum. If strong customer service and support are high on your list of software must-haves, unfortunately, Mint will leave you feeling a bit disappointed.

CountAbout enables you to download transactions from your bank and customize both income and expense categories. You can even attach receipt images to expense transactions. You can set up recurring transactions and generate financial reports.