Have you ever heard the phrase, “That’s like comparing apples with oranges?”
Well, when comparing QuickBooks Online vs. Quicken that’s exactly what you’re doing.
Sure, like apples and oranges, QuickBooks Online and Quicken are both from the same category (fruits, accounting technology programs), but that’s about as far as you’ll get with comparisons.
The nice thing about the two platforms being completely different is that you’ll know exactly which one to utilize!
So let’s dive in and discuss the differences between QuickBooks Online vs. Quicken!
Form & Function
To first learn the distinction between the two platforms, we must know what each platform does and how it functions.
This includes bookkeeping, invoicing, payroll, time tracking, inventory management, accounts payables, accounts receivables, and much more.
It is the leading accounting software on the market today and is used by over 5.3 million businesses worldwide.
Here at Redmond Accounting, we use QuickBooks Online internally and use it to help our clients as well.
Because of how widely used this platform is, QuickBooks allows a lot of integrations with other top-tier accounting platforms like Gusto, Bill.com, and Expensify to create a streamlined accounting system perfectly fit to your business needs.
Quicken
Quicken is also a cloud-based platform (as so many programs are now), but it focuses more on personal finances rather than business accounting.
This is an option for family or personal finance tracking.
Quicken allows you to keep track of things like:
Investments
Savings
Financial Portfolios
Income
Expenses
Debt
Property
Budgets
It can also be set up to pay bills and categorize where your money is going.
It’s a great tool for personal use but not so much for business use.
Key Differences Between QuickBooks Online Vs. Quicken
Both cloud-based financial platforms are beneficial to the end-user but for completely different reasons.
Quicken is a good option for personal finance, while QuickBooks Online is great for managing your business finances.
Quicken doesn’t offer the features you need to run a business the way QuickBooks Online does. In the end, it’s the features, integration ability, and ease of use that make QuickBooks our accounting platform of choice.
Want To Setup QuickBooks Online For Your Business? See Redmond Accounting Today!
If you’re ready to simplify your accounting tasks and streamline your business to save time, save money, and reduce costly errors, it’s time to invest in QuickBooks Online today!
Here at Redmond Accounting, we offer setup services, training, and support for all the platforms we recommend. This gives you the knowledge, insight, and confidence to use QuickBooks Online without fear or stress.
To learn more about what we do here at Redmond Accounting, we encourage you to schedule a consultation to see how we can help take the stress of accounting off your hands and free up time for you to spend growing your business!
You can also find helpful resources and tips on our blog page by reading articles about accounting platforms, the benefits of a virtual payroll specialist, and more!
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