QuickBooks and Quicken are two of the most widely used financial management tools in the world. Both programs were part of Intuit (INTU), but Quicken was sold to H.I.G Capital in 2016.1

Both Quicken vs QuickBooks for Small Business have unique feature sets designed for different uses. Read on to find what each tool offers a user and to figure out which tool may be right for you.

What Is QuickBooks?

QuickBooks is a full-featured business and financial management suite complete with tools for accounting, inventory, payroll, tax filing, invoicing, bank account tracking and reconciliation, expense management, budgeting, payment processing, and accounts receivable and accounts payable management.

That feature set is not a complete list of what QuickBooks Cloud can do. It can also plug into many additional software tools for added features. Essentially, QuickBooks is the Swiss Army Knife of business financial tools—it can do just about anything you might need for your business. But, there are some features that many businesses will never need, and the high price tag for QuickBooks Professional may be a reason to look elsewhere.

If you run a small to medium-sized business and want to ensure you can track all financial information and create reports summarizing any aspect of your business, QuickBooks will not disappoint. Just be aware that there is a learning curve when starting out, and not all features are intuitive when you get the program up and running for the first time.

What Is Quicken?

What QuickBooks offers for the small business, Quicken offers for individuals and families. Quicken tracks your account balances, transactions, investments, personal budgeting, loans, and any other part of your personal financial life. The Home & Business version includes the ability to track rental properties and small business in addition to your personal information.

What Is the Difference Between quicken vs quickbooks?

QuickBooks focuses on the accounting processes of small businesses whereas Quicken focuses on the finances of individuals and families. QuickBooks also offers an online version of their software that many businesses can use, while Quicken focuses on providing local software that is accessed on individual computers.

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