Difference Between Quicken and QuickBooks

Quicken vs QuickBooks

Quicken and QuickBooks are financial software that help in maintaining accounts.

When comparing the two accounting software, Quicken is easier to employ. Quicken has fewer features which makes it easier to learn and use than the QuickBooks software.

As Quicken comes with fewer features, it is used more for personal accounting and small businesses. Though QuickBooks is a bit difficult, this software has customer service and a help library that helps the customers use it with ease.

When comparing prices, QuickBooks comes with a higher price than Quicken. This is because QuickBooks comes with added features than Quicken.

Some of the features seen in Quicken include keeping track of household assets, tracking stocks, tracking savings for retirement, and tracking other investments. These features are not seen in QuickBooks as it is targeted at the business class.

In QuickBooks, you can have a company’s payroll right out of the box. This feature, however, is not available with Quicken. You must buy a separate software for payroll capabilities.

Another difference between the two is that QuickBooks has the feature of tracking sales tax which is not available with Quicken. This is again because Quicken is for personal accounting, and QuickBooks is for businessmen.

Quicken allows only single-user interfaces while QuickBooks comes in multiple-user interfaces. This means that several users in an office can gain access to the accounts. However, this does not mean that you cannot restrict other users from seeing the accounts. You have the option to grant access when using QuickBooks. Quicken cannot track inventory although QuickBooks can track inventory.

Summary:

1. Quicken software has fewer features which makes it easier to learn and use than the QuickBooks software.
2. Quicken is used more for personal accounting and small businesses. QuickBooks is targeted at the business class.
3. In QuickBooks, you can have a company’s payroll right out of the box. This feature is not available with Quicken. You have to buy a separate software for payroll capabilities.
4. QuickBooks has the feature of tracking sales tax which is not available with Quicken.
5. Quicken cannot track inventory although QuickBooks can track the inventory.
6. Quicken allows only single-user interfaces while QuickBooks comes in multiple-user interfaces.
7. Some of the features seen in Quicken include keeping track of household assets, tracking stocks, tracking saving for retirement, and tracking other investments.

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