Quicken

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.

Pros

I was able to easily import out multiple business accounts into Quicken, something I was not able to do with Quickbooks. Updating accounts is quick and easy too. I like the simple flagging option that allows me to mark a transaction for later investigation.

Cons

Will not generate a simple profit and loss statement based on accounts. I understand Quicken is meant more for personal, than business use, but it would still be a nice feature to have.

Pros

It had the capability to be a productive software, and it had a decent UI.

Cons

The pricing model is subscription based, the online syncing to bank accounts worked poorly and caused duplicate transactions and constant overwriting, and I could not use it any further than a week with good confidence.

Pros

The software has a solid UI so it is easy to see where your money goes. Easy to use and practical. Great for small to medium businesses because it is not very expensive and has many features.

Cons

The interface can look a bit outdated to some, but al the information you need is there. In 1 place. Very convenient.

Alternatives Considered

Reasons for Choosing Quicken

Switched From

Reasons for Switching to Quicken

Pros

For the most part Quicken is easy to use. The customizable reports are one of the most useful tools in this software. Tax reporting and account management is also outstanding.

Cons

When doing automated updates the software does not learn from accounts where to put certain items or how to label them. There are times that I have to move an item from one account to another or I have to change category because the software did not learn from previous entries.