Quicken Business vs. QuickBooks: Which Small-Business Accounting Tool Wins?
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Quicken Business & Personal vs. QuickBooks: A Side‑by‑Side Look at Small‑Business Accounting Tools
Small‑business owners and solo entrepreneurs constantly juggle the same core bookkeeping tasks: recording income, tracking expenses, managing invoices, and staying compliant with tax regulations. With a vast array of software options on the market, it’s no wonder that two of the most frequently mentioned products are Quicken Business & Personal and QuickBooks. An in‑depth MSN Money comparison explores exactly what each platform offers, how they stack up against one another, and who will benefit most from each solution.
1. What Is Quicken Business & Personal?
Quicken has long been synonymous with personal finance management, but its “Business” and “Personal” packages target different audiences.
| Feature | Quicken Personal | Quicken Business |
|---|---|---|
| Primary Audience | Individuals and freelancers who need basic bookkeeping | Small‑business owners needing more robust tools |
| Core Functions | Budgeting, bill payment, expense tracking, simple invoicing | Advanced invoicing, expense tracking, sales receipts, bank‑account integration |
| Price | $19.99/year (discounted during promotions) | $39.99/year (often sold bundled with Personal) |
| User Access | Single user only | Single user; no true multi‑user capability |
| Mobile Support | iOS/Android app (basic features) | iOS/Android app (same limited functionality) |
Quicken’s biggest selling point is its simplicity. The interface feels familiar to anyone who’s ever used the personal finance version, and it integrates with a wide variety of bank accounts. However, the lack of multi‑user support and limited payroll or inventory management features make it less suitable for growing companies.
2. What Is QuickBooks?
QuickBooks, also developed by Intuit, is specifically engineered for business accounting. It comes in several tiers that scale with a company’s needs:
| Plan | Monthly Price | Key Highlights |
|---|---|---|
| Simple Start | $25 | Invoicing, basic reports, 1 user |
| Essentials | $70 | Multi‑user (up to 3), payroll basics, expense tracking |
| Plus | $150 | Inventory tracking, job costing, 5‑user capacity |
| Advanced | $250 | Advanced reporting, custom user roles, 25 users |
QuickBooks offers a comprehensive suite of features, from payroll to time tracking to detailed inventory dashboards. It also supports a wide range of third‑party integrations (e.g., Shopify, Square, Stripe), and its mobile app mirrors the desktop experience.
3. Feature Comparison: Where Do They Split?
Invoicing and Sales
- Quicken: Basic invoice creation, limited customization, and the ability to email invoices directly from the app.
- QuickBooks: Robust invoice management, recurring invoices, automatic reminders, and a full e‑payment portal.
Expense Tracking
- Quicken: Uploads receipts, links to bank accounts, and categorizes expenses.
- QuickBooks: Similar functionality but adds mileage tracking, expense reports per project, and a powerful “Receipt Capture” feature that extracts data from uploaded images.
Reporting
- Quicken: Basic profit‑and‑loss statements and balance sheets, with limited visual dashboards.
- QuickBooks: A library of pre‑built reports (e.g., cash flow, tax summary) plus customizable dashboards, and the ability to export data to Excel or Google Sheets.
Payroll
- Quicken: No payroll support.
- QuickBooks: End‑to‑end payroll management (including tax filings) available in Essentials, Plus, and Advanced plans.
Multi‑User Collaboration
- Quicken: Designed for solo use; no true collaboration.
- QuickBooks: Multi‑user access from the Essentials tier onward, with role‑based permissions.
Inventory Management
- Quicken: No inventory tracking.
- QuickBooks: Inventory control, purchase orders, and real‑time stock updates start at the Plus tier.
4. Pricing and Value
Quicken offers a very low entry price, especially for its Personal version, which is perfect for freelancers or sole proprietors who need basic bookkeeping. However, the cost of a separate payroll solution, the need to manually export data for more advanced reporting, or the lack of multi‑user support can quickly add up.
QuickBooks may seem pricier at first glance, but the breadth of features can justify the investment. For businesses that need to handle payroll, inventory, or multi‑user collaboration, the added cost brings a lot of value. Additionally, QuickBooks provides a 30‑day free trial, letting users test the full feature set before committing.
5. Who Should Choose Which?
| Situation | Best Choice |
|---|---|
| Solo freelancer or side‑hustle | Quicken Personal – low cost, easy to use |
| Small‑team business with basic accounting needs | Quicken Business – if you only need invoicing and expense tracking |
| Business requiring payroll, inventory, or multiple users | QuickBooks – especially Essentials or Plus depending on team size |
| Company that needs robust reporting and integration with e‑commerce platforms | QuickBooks Plus or Advanced |
The article underscores that the decision hinges largely on the scope of your operations and the complexity of your bookkeeping requirements. If you’re just starting and your accounting needs are minimal, Quicken can be a surprisingly effective tool. As your business grows, QuickBooks scales more gracefully, especially when payroll and inventory become central concerns.
6. Takeaway
Quicken Business & Personal and QuickBooks serve overlapping yet distinct markets. Quicken’s straightforward, budget‑friendly design is attractive for individuals and tiny operations that only need to track a few transactions. QuickBooks, with its modular tiers and full suite of business‑centric features, is the clear choice for companies looking to scale, collaborate, and automate key processes.
In the end, it’s worth trying the free trials of each platform (if available) and mapping out your actual bookkeeping workflow. The article on MSN Money suggests that many small‑business owners often switch from Quicken to QuickBooks as their company expands—a transition that many find worth the additional cost. Whether you prioritize simplicity or advanced functionality, the right tool can transform bookkeeping from a headache into a streamlined, data‑driven process.
Read the Full CBS News Article at:
[ https://www.msn.com/en-us/money/taxes/quicken-business-and-personal-vs-quickbooks/ar-AA1SXMt2 ]