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.
Contents: QuickBooks vs Quicken
edit Budget Reports
Both Quickbooks and Quicken allow the user to create budget reports and graphs.
edit Online Banking
Both Quickbooks and Quicken allow the user to pay bills and make transfers online.
edit Retirement Planning
Quicken has retirement planning built into its software.
edit Tax Deductions
Both Quickbooks and Quicken allow the user to find tax deductions.
Both Quickbooks and Quicken allow the user to create invoices. However, only Quickbooks is able to monitor unpaid invoices.
edit 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.
edit Remote Access
Quickbooks can be accessed remotely. Quicken cannot be accessed remotely.
edit 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.
edit 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.
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.
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.
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.
"QuickBooks vs Quicken." Diffen.com. Diffen LLC, n.d. Web. 24 Jul 2014. < http://www.diffen.com/difference/QuickBooks_vs_Quicken >