The days are gone when the users need to spend most of the time maintaining the accounting tasks of the organization. Due to this, they won’t be able to focus on the growth and expansion of the organization. But now, with the accounting software managing the accounts and finance-related tasks is a lot easier. There is no doubt that the market offers a diverse range of accounting software, making it difficult for users to determine which is best for their business. However, a similar confusion was also generated between Quicken and the QuickBooks software. Furthermore, if you are a quick user, you can convert Quicken to QuickBooks and get access to all features of QB with ease without affecting your data. To get more details about the difference between Quicken vs QuickBooks, you must go through this complete post.
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Understanding the Difference between Quicken and QuickBooks software
There is no doubt that both Quicken and QuickBooks software have achieved significant success in their respective markets. However, because Quicken and QuickBooks are well-known, owned by the same company, have similar names, and operate similarly, users become confused and mistake them for the same product. If you understand the differences between the two, choosing the software that best meets your needs will be less difficult.
Quicken accounting software has five different accounting plans. But only Quicken Home and Business includes business accounting features primarily used by small businesses. Quicken offers single entry accounting capability, used for personal accounting needs such as tracking and listing financial transactions for users’ convenience. The best part about the accounting software is that it includes a rental property center, which is a unique feature for real estate property owners. It does not include a payroll feature. Quicken accounting software is more of a desktop platform, and the mobile app does not support all of the accounting application’s features.
QuickBooks is double-entry accounting software that includes powerful accounting features to help businesses manage their bookkeeping, accounting, and financial tasks. It has a payroll feature that allows you to pay your employees on payday without any further delays. It’s a more business-oriented platform that assists in tracking business income and expenses and tracking and generating financial statements. The best part about QuickBooks is that it offers cloud-based software. Using this feature, you can easily access your company file from anywhere by connecting to a stable internet network connection.
Wrapping It Up!!
So, now we hope that you have understood the difference between the Quicken and QuickBooks software. Moreover, this post will help you make the right decision by picking the correct accounting software for the company. However, if you require any additional info regarding how to easily convert Quicken to QuickBooks, connect the Data Service Solutions Experts Team by dialing the helpline number+1-(855)-955-1942. They are available for you 24/7.