What are the Difference Between Quicken and QuickBooks?


Before using this Quicken and QuickBooks software, you should know about them in detailed form. You must know the right way of using these applications in your system. In general, quicken provides options suitable for home users and helps you in managing your family’s financial accounts. However, QuickBooks offers you advanced inventory control and provides the necessary tools to run business with effectively. Moreover, once you click on the link www.quicken.com you will get entire information regarding both these software.


what-are-the-difference-between-quicken-and-quickBooks?


Both Quicken and QuickBooks software have the different set of features and operations. Quicken is more focused on maintaining personal finances on the other hand QuickBooks is aimed to support the complex accounting needs of SMBs. Quicken plays a vital role in managing the candidate’s financial account.

The Main Difference Between Quicken and QuickBooks Are

Have a glimpse on the below noted-points so that you will get some ideas related to Quicken and QuickBooks.

1.     Different Terminology

Both the software Quicken and QuickBooks use different terminology for many of the same functions. The terminology in QuickBooks imitates the requirements of business. Basically QuickBooks is handled by business owners and in it the owners have customers, vendors, items and accounts. But Quicken doesn't use customers or vendors; you simply have to payees.

2.     Balance Sheet Accounts

Both QuickBooks and Quicken share many of the most commonly used asset, liability and equity accounts, but both software packages classify these accounts somehow different. QuickBooks proffers a few extra accounts, depending on the industry you select while creating your business. Instead of use categories and subcategories, QuickBooks uses income and expense accounts as well which contains sub accounts.

3.      Using Both Products

If you use Quicken to track your personal finances and then import that information into QuickBooks, your original Quicken file remains undamaged. Only Quicken proffers the ability to track investments, calculate loan payments and comes with several reports designed for use in managing your personal finances.

Therefore, you have seen over here the basic differences between these two software Quicken and QuickBooks. If you are not satisfied more, then stay tuned with the techies who are available at Quicken Phone Support. They will provide you the required information with an effective way.

Location: Johns Creek, GA, USA

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