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Quicken vs. QuickBooks: The 2022 Battle for the Best Small Business Accounting Software Rages on

All you need to know about two of the most popular accounting software platforms available. We give you the features, differences and options between the two titans.


Talia Stern
Talia Stern
July 20, 2022

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QuickBooks vs. Quicken Overview

When looking for a business accounting software, names that most likely come to mind are Quicken and QuickBooks. Now, you may be wondering which one is the right choice for you and your business as both of these platforms are so well-known in the financial management software industry.

That’s why we have brought together all the information you need to know about both software systems. We will be comparing them in terms of features, pricing, and customer reviews. Plus, we will also discuss their alternatives.

The Difference Between Quicken And QuickBooks

A stark difference between Quicken and QuickBooks is that QuickBooks is designed with small businesses in mind. While Quicken is designed to handle personal finances. And while Quicken includes a few business financial abilities with their Home & Business version. This was mainly aimed at professionals with rental properties or side businesses.

On the other hand, QuickBooks is designed to accommodate small business accounting and finances. With Quickbooks, you have all the functions to maintain and analyze the finances of a small business.

“Unlike QuickBooks Online the Quicken Home & Business is only available in one version for Windows operating system”

QuickBooks vs. Quicken Features

Before looking into the differences between both platforms you need to know some basic information.

QuickBooks Online is a web-based software program, which allows you to access your data from anywhere as long as you have internet access. QuickBooks Online has four payment plans. Each comes with a different set of features and is more expensive than the last.

Quicken Home & Business, on the other hand, is a locally-hosted software. This means that it has to be downloaded and installed on your device beforehand. More recent versions do allow some mobile access. However, you have to opt for this feature to sync it with your devices. A significant weak spot with Quicken is that it only works with Windows operating system and not iOS. And unlike QuickBooks Online the Quicken Home & Business is only available in one version.

Quicken Home & Business

Quicken Home & Business is a level above Quicken Premier which is the top level of Quicken’s personal finance software. Quicken Home & Business includes features like budgeting, bill payment, tax tools and more.

Additionally Quicken Home & Business offers various functionalities to help accommodate business owners which you can check out on their website. You may find that most features are targeted to those who want to manage their rental properties. But if you are a freelancer, sole proprietor or contractor then you may find that this software can still meet your needs.

QuickBooks Online

As we said previously, the biggest difference between QuickBooks and Quicken is that QuickBooks is designed to target business accounting and bookkeeping. QuickBooks Online is a cloud-based platform. It allows you to access your business finance from anywhere in the world. Just as long as you have internet access.

They offer 4 plans each more expensive than the last. But each package has more features as you move up the price tiers. The plans include Simple Start, Essentials Plus and Advanced. You can check the QuickBooks Online website for a more detailed comparison of the plans.

Screenshot of Quickbooks homepage, with a menu of products and features, plans and pricing, support
	and resources.

QuickBooks vs. Quicken Pricing

Comparing Quickbooks and Quicken is not easy since they're used for different purposes. It's like comparing apples and oranges. Since you know the differences in features between the two you may be wondering about the price differences.

They both are quite different in this sense since Quicken Home & Business is a desktop-based platform, it has an annual subscription and pricing plan. Whereas QuickBooks online has a monthly subscription plan.

Quicken Home & Business

With Quicken Home & Business, you have only one version and it has an annual subscription of $99.99. Through this subscription, you will have access to all Quicken Home & Business features plus a mobile app. And while it is the most expensive Quicken product, they also offer a 30-day money-back guarantee.

QuickBooks Online

QuickBooks Online pricing is slightly more complex. All the plans are billed monthly and their prices are given below:

Plus, you can integrate a QuickBooks Online subscription with other QuickBooks products and services such as TSheets, Payroll, and more for a certain additional cost. While even the cheapest QuickBooks plan is nearly triple the cost of the annual fee of Quicken, it also has more features. Plus, it is designed for business accounting rather than personal finances.

“The most important aspect of accounting software is the opinion of the users themselves”

QuickBooks vs. Quicken Customer Reviews

One of the most important points to compare both platforms is through customer reviews. The most important aspect of accounting software is the opinion of the users themselves. Here is what customers have to say about both platforms.

Quicken Home & Business

Many customers have had a positive experience with Quicken Home & Business. They are very happy with its easy-to-use features and its reasonable price point. However, customers have also reported glitches and difficulty connecting to third-party applications on the flip side. 

QuickBooks Online

Customers have given extremely positive reviews about QuickBooks Online. They have especially appreciated the diverse features that it offers as well as its ability to integrate with third-party apps. The only downside that customers have reported is the pricing.

Screenshot of Quicken homepage, with a menu of products, plans and pricing, resources and support.

How QuickBooks vs. Quicken Compare

At the end of the day how do these two platforms compare to each other? We have compiled the benefits of both to help you decide between them.

Quicken Home & Business

QuickBooks Online

Alternatives to Quicken or QuickBooks

If you still can't decide between Quicken and QuickBooks then here are some of the best alternatives:

Wave

Wave is an ideal solution for businesses with financial restrictions since it's one of the few truly free options. With Wave you can track your expenses and income as well as access sales tax. Plus, you can also link it to your PayPal and Etsy accounts. And you can access more features for a very small monthly fee.

QuickBooks Self-Employed

For sole-proprietors, we would suggest QuickBooks Self-Employed. With this software, you can send invoices, separate business and personal expenses. Plus, you can even track your mileage and more importantly it can help you while filing taxes.

The Bottom Line

After discussing the differences between Quicken and Quickbooks in great detail you should be able to make a more informed decision of what would work better for you. For a side business, we would recommend Quicken. But otherwise, QuickBooks would probably be a better option for a small business actively looking to better manage their finances, with or without the help of a controller. 


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