Quicken - Accounting Software

Our Verdict

Quicken Business & Personal is best suited to self-employed people, freelancers and small business owners who want business and personal money tracked side by side in one account. We liked that the brand lets you manage up to 10 businesses at no additional cost, and that invoices can be sent to an unlimited number of clients. Built-in Schedules C, E and F are also listed to help at tax tim

Pros

Up to 10 businesses at no extra cost
Invoices to unlimited clients
Built-in Schedules C, E and F

Cons

Some features not supported on mobile apps
Only for use in the U.S. and Canada
Phone and chat limited to sales

Products & Pricing

Business & Personal includes up to 10 businesses at no additional cost, with unlimited clients, projects and invoices. Quicken also sells Simplifi, a personal finance product, at $3.99 per month billed annually. According to the brand, Business & Personal includes everything in Simplifi plus business tools, so Simplifi is the cheaper pick only if you do not need invoicing or business features. Quicken’s plans page lists only these two products. Prices and offers may change, so check the brand’s site for current terms.

Business & Personal

$4.49 /mo billed annually

Simplifi

$3.99 /mo billed annually

In-depth review

Features and Functionality

Quicken Business & Personal is built for self-employed people, small business owners and rental property owners who want business and personal money in one cloud-based app. Quicken says it can automatically download and categorize business and personal transactions separately, so the two stay apart while you still see them in one view.

Invoicing is a core part of the product. The brand says you can send customized, automated and trackable invoices to unlimited clients, turn on online payments so clients can pay directly from the invoice, and track each transaction. You can add up to 10 businesses to one account, with unlimited clients, projects and invoices, at no additional cost.

On the reporting side, Quicken lists profit and loss, cash flow and balance sheet reports, plus Projected Cash Flow for a single view of business and personal money. Customizable dashboards and customizable reports are also mentioned. For taxes, the brand lists built-in Schedules C, E and F, although a separate section of the same page mentions additional schedules, so check which ones apply to you. Quicken also lists a rental property tracking feature without giving further detail.

Add-ons and Integrations

Quicken says it connects to more than 14,000 financial institutions, and that Business & Personal includes everything in Quicken Simplifi plus business tools. Online payments are available through invoices, so clients can pay you directly. You can also export income statements and other financial details to share, and give an accountant or trusted advisor access to your account.

Ease of Use

Quicken positions Business & Personal as a simple way to run business and personal finances from one place. It auto-categorizes transactions throughout the year, which cuts down on manual entry, and its customizable dashboards let you zoom in or out on your numbers.

The product is cloud-based and works on the web and with a mobile app, so there is nothing to install on a desktop. Quicken does note that certain features are not supported on the mobile apps, so some tasks may still need the web version. A 30-day free trial is advertised on the page our link leads to, which gives new users a way to try it before the first charge.

Customer Service

Quicken offers a help center with articles for each of its products, a community forum where expert users answer questions, and a virtual assistant called Quick Assist. A contact page routes product support requests to the right team once you sign in. Phone and live chat are listed for sales and renewals only, according to the brand’s support page.