Quicken

Ideal for My Solorpreneur Marketing Consulting Business

Comments: I am very pleased with the ease of entering data into the system. It saves me the cost of having a bookkeeper. I am able to categorize expenses myself and take full advantage of knowing what i was buying for business and for personal life. I know it is saving my a lot on my taxes, as I have proof of my deductions versus just guessing. It used to take me days to prepare my docs for my CPA not it is in a matter of hours I have all the numbers she will need.

Pros:

The best feature I like is the way you can split items on a receipt into their own categories. For example, I go to Walgreens and buy cosmetics, copy paper, thank you notes, and business head shot photo prints. I enter Walgreens for the Payee, then I assign / split where the expenses will go in my categories. Cosmetic - Personal Care, Copy Paper, thank you notes - Business: Office Supplies, Photo prints - Business: Photography. I make my tax reporting a breeze for my Schedule C line items. I also love generating reports on income and expenses. Great for planning or estimating funds for seasonal work loads.

Cons:

It actually has more features than I want to use. For example - the investment section, I tried to use it - but to enter buy - sell information and dividends and details was way too time consuming for me. I just as soon get my reports from my brokerage firm.

Using Quicken Since Its Inception

Comments: I have been using Quicken since it was running on MS-DOS - a long time. This software has always met my financial record keeping needs.

Pros:

Relatively easy to set up accounts, enter data and create reports

Cons:

Would like to be able to make a direct connection to my bank for bill paying - i.e. Enter a bill payment into Quicken and have Quicken directly tell my bank to initiate a payment to a vendor without having to go to my bank's web site to enter and initiate a payment.

Using Quicken is never quick

Comments: My overall experience has been mediocre at best.

Pros:

In theory the ability to manage and track all expenses within one product. Unfortunately, due to constant connectivity issues this is not how the software functions.

Cons:

Constant issues with accounts being disconnected or not pulling current transactions from connected accounts.

Quicken Keep it SIMPLE Get it Done

Comments: Easy to use, simplified and better that QuickBooks when it comes to smaller businesses.

Pros:

Quicken has everything needs for a small business. You won't get confused with unnecessary tabs and areas and you will find evet daily that is needed to track your business finances from cost to profit

Cons:

If you are a mid or larger size business, quicken is not for you.

Powerful accounting software

Pros:

It is a powerful accounting tool that can provide a visual overview of different accounts.

Cons:

We need to reconcile frequently; otherwise, we will make mistakes easily.