While Quickbooks is intended for small business owners, Quicken is for use by individuals. Quickbooks is preferable if you run a small business with multiple accounts, need to handle sales or payrolls, or are based in countries where Quicken is unavailable, such as the UK. Quicken is preferable if you are looking for a cheaper option that will help you handle personal finance issues such as checkbook accounting and retirement planning. Both Quicken and Quickbooks are developed by Intuit, Inc.

Comparison chart

QuickBooks versus Quicken comparison chart
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QuickBooksQuicken
Intended for Small business accounting Individuals
Cost $180-$480, depending on version. $40-$120, depending on version.
Developer Intuit, Inc. Intuit, Inc.
Create budget reports and graphs Yes Yes
Automatically pay bills online Yes Yes
Retirement Planning No Yes
Tax Deductions Yes Yes
Create Invoices Yes Yes
Business Planning Yes No
Manage payroll and sales Yes No
Time Tracking Yes No
Integrate with Word, Excel and Outlook Yes No
Multiple users Yes No
Remote Access Yes No
Checkbook Accounting No Yes
Track Investments No Yes
College Planning No Yes
Household Inventory No Yes
Compatibility Windows. Mac version available in US only. Windows, Mac, online.
Versions Quickbooks Pro, Quickbooks Premier, Quickbooks Enterprise Solutions Quicken New User, Quicken Basic, Quicken deluxe, Quicken Rental Property Manager, Quicken Premier, Quicken Home and Business, Quicken Personal, and Quicken Personal Plus.
Availability US, Canada, UK, Australia, New Zealand, Singapore. Designed for US, Canada, Australia, Germany, Hong Kong, India, New Zealand, the Philippines and Singapore.
Quickbooks and Quicken by Intuit Inc.
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Quickbooks and Quicken by Intuit Inc.

Functions

Quickbooks online version
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Quickbooks online version

Budget Reports

Both Quickbooks and Quicken allow the user to create budget reports and graphs.

Online Banking

Both Quickbooks and Quicken allow the user to pay bills and make transfers online.

Retirement Planning

Quickbooks, as a small business finance program, does not help the user to plan for retirement.

Quicken has 401k-vs-Roth-401k|retirement planning]] built into its software.

Tax Deductions

Both Quickbooks and Quicken allow the user to find tax deductions.

Invoices

Both Quickbooks and Quicken allow the user to create invoices. However, only Quickbooks is able to monitor unpaid invoices.

Business Features

Quickbooks allows the user to develop a business plan, track business sales tax, track sales invoices and inventories, manage payrolls and track expenses. It can integrate with Word, Excel and Outlook and can handle multiple users.

Quicken does not have any of these features.

Remote Access

Quickbooks can be accessed remotely. Quicken cannot be accessed remotely.

Tracking Investments

Quickbooks does not allow the user to track investments.

Quicken, on the other hand, allows the user to track the cost basis and current market value of stocks, bonds and mutual funds.

Household Inventory

Quicken allows the user to maintain an inventory of household possessions, for use in emergencies such as fire.

Quickbooks does not have this feature.

Compatibility

Quickbooks is compatible with Windows PCs. A Mac-compatible version is available in the US only. An online version is also available.

Quicken is compatible with both Macs and Windows PCs, and also has an online version.

Availability

Quickbooks is adapted for use in the US, Canada, the UK, Australia, New Zealand and Singapore.

Quicken is mainly used by customers in North America, but localized versions are available in Australia, Germany, Hong Kong, India, New Zealand, the Philippines and Singapore. The UK version was discontinued in 2005.

Price

Quickbooks Pro costs $183.96, while Quicbooks Premier costs $319.96. Quickbooks Enterprise solutions cost $480 per user.

Quicken Essentials costs $39.99, while Quicken Deluxe costs $49.99, Quicken Premier costs $69.99, and Quicken Home & Business costs $79.99. The Quicken Rental Property Manager costs $119.99.

References

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