Quicken is a well-known brand in the personal accounting software market. Apart from personal accounting, Quicken Home and Business also includes most of the fundamental features of traditional accounting software. You can easily handle your business and personal accounting responsibilities in one location with it. Estimates, invoicing, accounts payable, vendor and customer contact management, and project management are all supported in the Home and Business editions. It also provides excellent rental property management features, allowing users to manage their renters and properties. Simply put, it’s an excellent solution for small businesses that want to take charge of their business and personal finances.
Quicken Home and Business’s Unique Features
Viewing balances, identifying spending trends, and evaluating investment performance are just a few of the new features included in this software. Your data can also be synced across the web, mobile devices, and desktops. It makes managing your small business or rental property much easier. With custom invoices, you can generate your own invoices and set email rent reminders, as well as track rental income, rates, lease periods, and deposits.
That’s why the Quicken Home and Business review is so positive, with many users giving it a near-four-star rating. The following are some of the software’s most notable features:
Dashboard
This edition includes a dashboard that monitors spending trends and provides a budget overview. On the left side, you may check your bank account balance, investment, property, and debt, as well as locate upcoming bills, saving goals, and personal property.
Business Resource Center
The business center gives you a complete picture of your cash flow, profit and loss, and financial statements. You may now establish business reminders and examine your spending patterns.
Invoice
Quicken software includes an invoice template that may be customized. It supports refunds, customer credits, and finance charges, but it lacks automation like auto-scheduling and recurring invoicing. It also makes adding remarks to each invoice simple.
Estimates
You may use the software to send out estimates and convert them into invoices. Projects can also have estimates attached to them.
Contacts Management
Quicken Home and Business have a complete contact management area. You can keep track of both your contact and personal information here. You can also add documents to your contacts lists and create contact groups.
Monitoring of expenditures
You may either manually enter spending and income into Quicken or link to your bank and have them downloaded. If you use a single account for both, you can link to both business and personal accounts or separate business and personal transactions. The software automatically categorises the user’s transactions and displays spending patterns for both commercial and personal use. It’s also possible to display a representation of your spending balance with any impending expenditure subtracted by tracking projected transactions.
Accounts Payable and Bank Reconciliation
You can quickly reconcile your bank accounts using the Home and Business editions. Two options for managing vendor and personal bills. You can link to your online lenders or manually enter bills. You can also utilize the “Bill Pay service” to pay your bills online using the software.
Items
Quicken Home and Business does not have a place where you can view your products. You can, however, store an item when adding it to a specific invoice. As a result, you won’t have to manually enter things every time you send an invoice.
Management of projects
This program can also be used to develop projects. Add a project description, personalized project statuses, a start date, and a projected and real finish date to your project. You can also attach customers and documents to your projects and create estimates and invoices for them.
Personal Property Management
You can also import your assets into Quicken. Cars, real estate, and other similar items are examples of these assets. Loans and mortgages are examples of debts that can be added.
Rental Property Administration
This edition includes a rent center where you can find all of your properties, renters, abandoned properties, and due tents. You can also look at your rental profit and loss, as well as set up rental reminders. You can also include a PayPal link in these reminders.
Tenant Administration
Users can easily manage their renters and keep track of their rental and contact information, as well as the lease conditions and security deposit information.
reports
Up to 50 reports are included in the software to assist customers in analyzing their own finances. The budgeting and spending reports provide a wealth of information. Four more rental reports and 13 business reports are included in the Home and Business edition. It can also send reports directly from the software.
Keep track of your mileage and make a budget.
Mileage may be tracked straight from the software. You can also create budgets for a year, quarter, or month. Quicken will automatically construct a budget based on your expenditures when you connect to your bank. You can modify this budget to meet your needs.
Support for Tax Reform
The Tax Schedule and Scheduled C reports are included in this accounting program. It also offers a tax center where you may view your anticipated taxes and stay up-to-speed on important tax deadlines. You can hire a tax planner to estimate your annual taxes. Aside from that, you can create and save as many sales tax rates as you want.
Importing or Exporting
QIF, QFX, and CSV files can be used to import data. Reports and files can also be exported using QFX, QIF, or specific tools like Excel.
Is there a Mac version of Quicken Home and Business?
With a Home and Business subscription, you can run your business and personal transactions in the same program. However, Quicken Home and Business for Mac is still unavailable. The Home and Business editions of Quicken do not include Quicken for Mac. It’s only available in Quicken for Windows.
Final Thoughts
Quicken Home and Business has garnered positive feedback from a variety of sources. People are enamored with its new features, particularly the one that allows them to track rental homes. The simple software gives consumers complete control over their personal and corporate operations and finances, allowing them to better manage them.