Manage Your Small-Business Finances

As with elsewhere, QuickBooks is currently running a promotional offer, so you would get the first 3 months of those bundles at 50% off. As with the QuickBooks plans outlined above, the Payroll plans are currently available at half price for the first 3 months of a year-long contract. In other words, Payroll Core would cost $25 per month for the first 3 months, and so on. This financial combination is highly convenient adjusting entries and beginner-friendly.

Stay on budget

Quicken, meanwhile, is a personal financial management platform with some basic business functionality. If you’re looking for a cheap budgeting tool, Quicken is well worth your time. On top of this, it offers some fairly rudimentary accounting features, which might be worth looking into if you’re a property owner or a microbusiness owner. On the other hand, Quicken’s mobile app feels more like a companion to its desktop version.

Security features – winner: Tie!

QuickBooks Desktop’s mobile app isn’t nearly as robust as its Online plan. Instead, it mainly functions as a tool to upload and organize receipts to make tax time easier. Its Online version offers either a free 30-day trial or half off your first three months. Whether you use the QuickBooks Desktop or QuickBooks Online plan, it’s best for small business finances, unless your small business involves being a landlord. In that case, take advantage of Quicken’s rental property features in its Home & Business plan. For less than $4 per month, you can use Quicken’s lowest-priced plan to manage your personal finances.

• Plus, you won’t have to pay more for separate business software.
• Quicken focuses on personal finance features, such as budgeting, investment tracking, and bill management.
• 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.
• Quicken has received strong reviews on third-party sites that praise its versatility and ease of use.
• You can customize the Home tab by creating multiple views and customizing which financial areas are viewable.
• If you need to keep detailed records of other business assets, such as inventory, you need to use another program.

Find the right plan for your financial goals

• Budget management tools are available on all plans, and with the Deluxe or higher plans, you’ll also get greater budget customization options, debt tracking features, and savings goals.
• All offers are for the first year only when you order directly from Quicken by March 17, 2025.
• Intuit QuickBooks is expanding its invoicing and payments capabilities for its QuickBooks Online customers in the US with a new feature called recurring payments.
• Your financial management journey begins on the dashboard or Home tab, which gives you a comprehensive view of your finances.
• More than 750 apps including QuickBooks Time, QuickBooks Payroll and Gusto.

Refine your strategy with endlessly customizable reports on income, expenses, investments, debt, and more. See the information that’s most valuable for your virtual accountant goals & priorities. Our team ensures that bank transactions are accurately recorded and reconciled in Quicken, preventing discrepancies in financial records. If you’re interested in learning more about doing your bookkeeping with Quicken, feel free to contact us.

Lifetime financial planning

The platform provides guides, tutorials and even online forums to assist users. And if you need help setting things up, the company promises free, one-on-one live onboarding support. Combine this helpful support system with its intuitive, user-friendly interface and the software is excellent for novices. Several business owners told us that they used Wave in their business’s early stages but pivoted to another program (usually QuickBooks) when their needs increased.

It has a robust feature set, including invoicing and payments, mileage tracking, cash flow management, customizable estimates, and more, as well as round-the-clock support on its later plans. While Quicken serves personal finance primarily, Xero targets small businesses. It includes profit-minded tools that simplify invoicing, bill payment and expense tracking.

• Whether you run a small business or do some freelancing on the side, accounting software is a must-have tool to keep your finances in order.
• Within 30 days after purchasing or auto-renewing your subscription, you can request a refund here by filling out the form.
• On top of that, you can integrate apps like Shopify and Square to streamline ecommerce operations, which adds significant value for online businesses.
• Once the invoice payment rolls in, QuickBooks’ automatic matching function will then find and pair the payments to its invoice, letting users know which invoices are done and which are outstanding.
• For this outlay, you’ll be able to create customized invoices and estimates, accept payments from a few different vendors, track profitability, and more.

Quicken focuses on personal finance features, such as budgeting, investment tracking, and bill management. It also has features to track the income and expenses of rental houses and simple one-person businesses. Meanwhile, QuickBooks Online is a double-entry accounting system. It provides a broader set of features tailored to business needs, such as invoicing, payroll, vendor management, and financial reporting.