Our tax center can give you a hand with calculators and refund tracking tools. Intuit QuickBooks has expanded the small business lending options available through its platform with the launch of QuickBooks Line of Credit¹. QuickBooks Line of Credit quicken bookkeeping gives small businesses a new way to access fast, flexible funding from $1,000 to $50,000, with loans issued by WebBank. QuickBooks and Intuit are a technology company, not a bank. Banking services provided by our partner, Green Dot Bank.

Additionally, FreshBooks excels at time tracking, allowing users to record billable hours and automatically include them in invoices. This seamless integration of time tracking and invoicing is a distinct advantage over Quicken. Finally, its user-friendly interface and excellent customer support make FreshBooks a suitable choice for beginners and experienced users alike.

Accounting Resources

Bill tracking is included in all packages, but you’ll just have access to bill pay in the Premier and Business & Home packages. This connects you to more than 11,500 digital network billers, helping you save time and hassle. If you like the sound of paying all of your bills in one place, you can upgrade for $9.95 a month with one of the other two packages. It’s easy to generate all kinds of reports about your business, from banking to spending to net worth. It also lets you split receipts across multiple spending categories—so if you did some personal and business shopping on the same trip, you can separate these expenses easily.

• This array of perks includes custom invoicing; separation of personal, corporate and rental revenue; and property value tracking via Zillow.
• If you’re managing your personal finances, choose Quicken.
• Bill tracking is included in all packages, but you’ll just have access to bill pay in the Premier and Business & Home packages.
• Quicken has been in the business of securing online financial data for three decades.
• Comparing Quicken and QuickBooks is a bit like comparing apples and oranges.
• Portfolio tracking included with Quicken Premier and Quicken Home & Business on Windows.

There are numerous other credit scores and models in the marketplace, including different VantageScores. Please keep in mind third parties may use a different credit score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income. Also, note that Quicken keeps detailed records of bank accounts only. If you need to keep detailed records of other business assets, such as inventory, you need to use another program.

How to Be a Good Bookkeeper Using Quicken

This one-click payment tool makes staying current on obligations a snap. You still need to be vigilant about keeping sensitive data safe on any financial app by, for example, never accessing your financial accounts on a public Wi-Fi network. You should also take steps on your own to protect yourself, like using a unique password generated and stored in a password manager, and not clicking suspicious links in email.

Use the apps you know and love to keep your business running smoothly. Although the practice may seem innocent enough, it’s a serious crime. Your boss can get this type of information and analysis from a CPA or from an attorney who specializes in income tax planning. Spend a few days—maybe even a week or two—working with Quicken. Be sure you’ve entered a series of checks and deposits, and experiment with Quicken’s reports.

Support

Quicken on the Web and Quicken Mobile App (iPhone®, iPad®, Android™) syncs with your desktop data and makes keeping track of your money easy while you’re on the go. You can also receive alerts and notifications to help monitor your account balances, fees, and spending patterns. To add an account simply tell Quicken where you do your banking and investing. Quicken will then connect to your bank, download your transactions, and give you a spending report. Adding an account also gives you the ability to run reports on income, spending, taxes, and investment performance based on the transactions that you download.