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Quicken is a personal finance management tool and it has been used by millions of people over the years. The software allows users to track their finances, analyze spending, manage bills, and make financial decisions based on goals they set. Quicken’s 2019 version is coming soon with new features and more powerful tools that will keep you organized in your digital life!
The “quicken 2022 review” is a personal finance software that provides features and pricing for the year 2022. It offers users an easy way to manage their money and stay on top of their finances.
Quicken is a personal money management software that assists you in creating a budget, tracking spending, and managing investments.
Both the Mac and Windows versions share key features, such as budgeting, bill payment, and a debt reduction planner while the Windows version offers a Home & Business edition for basic rental management and business accounting. Simplifi, Quicken’s personal finance tracking app, is great for managing your personal finances, investments, and debt but lacks rental property management features. Quicken prices start at $35.99 per year.
Go to Quicken’s website.
Quicken is a program that we recommend for a variety of reasons.
Quicken is a good option for anyone searching for a complete solution to manage their personal money and monitor their assets. Its premium subscription, which is only accessible on Windows, allows you to keep track of your small company and rental properties in addition to your personal accounts.
For Whom Quicken Is Beneficial
- Quicken is essentially a personal financial program that can manage your personal spending, savings, and retirement accounts, as well as assist you in creating a budget.
- Simple businesses seeking an alternative to QuickBooks: Rental property owners can benefit from Quicken Home & Business to keep track of their tenants, rental rates, and lease terms, which isn’t possible with QuickBooks. If QuickBooks isn’t for you, Quicken and other popular options are discussed in our guide to the best QuickBooks alternatives.
- Landlords with a small number of properties: Quicken, which made our list of the top real estate accounting software, is ideal for landlords with a small number of properties that don’t need automation or extensive rental management features.
Quicken Isn’t Right For You
- Corporations, partnerships, and limited liability corporations (LLCs) should all utilize a double-entry bookkeeping system, such as the software we recommend in our guide to the best small company accounting software.
- Employees working for a sole proprietorship: There is no means to keep track of and handle corporate payroll. For solo entrepreneurs, we prefer QuickBooks Online since it has an integrated payroll solution.
- Companies having more than three units in their portfolio: Quicken doesn’t have the automated capabilities or versatility of other real estate accounting software when it comes to supporting numerous units. Instead, because of its property management-specific capabilities like tenant assessment and specialist accounting procedures, we propose Buildium.
Overview of Quicken
Go to Quicken’s website.
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Quicken offers four plans that range from $35.99 to $103.99 per year while Quicken’s Simplifi is fixed at $47.99 per year. The Home & Business plan is available for Windows only. Mac users can only get Starter, Deluxe, and Premier.
Quicken offers 10% off on Deluxe, Premier, and Home & Business.
Quicken Functions (Including Simplifi)
Quicken provides a comprehensive collection of tools to assist you in managing your rental property and personal finances. Its primary features allow you to manage your budgets and transactions, as well as monitor your assets and check out expenditure patterns.
The dashboard, also known as the Home page, is where you start your financial management journey. It provides you with a comprehensive snapshot of your money. You may use the dashboard to keep track of your budget, expenditures, and bills. Create several views and choose which financial categories appear on the Home page to personalize it.
Tab Quicken Home
Features of Personal Finance
Quicken’s personal money management features may help you get a better grasp on your home expenditures. Quicken provides the functionality you need to attain your goal, whether you’re setting a budget, managing your expenses, or saving for retirement.
- Expense management: Organize your accounts and transactions in one spot to see where your money goes. Create new categories, monitor spending by categories, amounts, or kinds of costs, view spending patterns, and get a sense of how your money will look in the future.
- Budgeting: Create a budget for yourself or your family and compare it to your actual expenditures. On the web or on a mobile device, you can effortlessly monitor your budget.
- Quicken’s bank feed connection allows you to easily monitor your income and expenses by connecting your bank accounts.
- Payment management: For digital bills, use Quick Pay, and for actual checks, use Check Pay. You may also set up automatic billing notifications to ensure that you don’t miss any payments.
- Quicken provides a snapshot of your assets, holdings, and investments, including 401(k)s, 403(b)s, and individual retirement accounts (IRAs). It features a Lifetime Planner for Windows that allows you to see various financial situations.
Features of a Business
Quicken Home & Business is suitable for small businesses that need basic support for creating customer estimates and invoices, tracking accounts receivable (A/R) and accounts payable (A/P), and creating several reports.
- Invoicing: Create personalized invoices using one of many templates and include a PayPal payment link. You may either print or send your invoice to your customer.
- Estimates: Make an estimate and either print it or email it to your client. In the Estimate list, you may keep track of your estimates.
- A/P and A/R tracking: Purchase Quicken Home & Business to start tracking your A/R (invoices), A/P (bills), loans, and fixed assets.
- Find a deduction: Find out whether you’re eligible for any of the more than 100 typical tax deductions. If you do, Quicken allows you to add the tax-related categories you’ll need to make tax time go more smoothly:
Quicken Tab for Business
Features of the Rental
Quicken’s rental property manager provides helpful features to streamline landlord responsibilities. These features are available only on Quicken Home & Business. Its key Features of the Rental include the following:
- All of your contact data, including rental agreements, security deposits, and move-in and move-out dates, are organized and managed in one spot.
- Tenant management: Keep track of your tenants’ names, revenue, spending, bank accounts, paperwork, debts, and the worth of your property.
- Market value tracker: Using the integrated Morningstar’s X-ray tool, get insight into your assets and examine snapshots of your portfolio by type, sector, or allocation (Windows users).
- Receipt scanning: Save your receipt data as a QIF file or import them into Quicken to make expenditure monitoring a simple.
- Document storage: Keep track of papers pertaining to your properties, renters, and projects in one place.
Rental Tab in Quicken
Web Companion by Quicken
You may utilize the online companion with any Quicken plan for increased accessibility. To use the online version, you must first purchase the desktop version. The desktop and online versions have the same features. The fact that the desktop and online versions do not instantly sync is a huge drawback. To guarantee that the two versions are up to date with the latest updates, you’ll need to sync before and after use.
Mobile App
To manage your money on the go, download the Quicken mobile app from Google Play or the App Store. Your information will be transferred between the mobile app and your desktop application through the Quicken Cloud after you’ve set up your mobile app. Quicken’s mobile app isn’t a stand-alone service. To use the mobile app, you must first download the desktop version.
Reporting
Quicken generates ample financial reports, including cash flow, profit and loss (P&L), account balances, transactions, payee comparisons, budget spending, cash flow comparisons, banking summaries, and a whole lot more.
Customer Service & Ease of Use
While Quicken is typically user-friendly, certain of its functions aren’t obvious, and you’ll need to put in some effort to learn how to utilize them. Quicken has a lot of customization possibilities, so you may make it absolutely unique to your requirements.
Quicken provides a variety of support tools, including a Getting Started guide, a community forum, and a help center, to help you get the most out of the program. Quicken is also available to answer any inquiries over the phone or through live chat. For one year, when you subscribe to Quicken Premier or a higher plan, you’ll get unlimited priority access to the company’s customer service phone help.
Quicken’s Simplifi
Quicken’s Simplifi focuses on personal finance. It doesn’t have rental property features like Quicken Home & Business, but Simplifi offers more streamlined finance tracking because it has both mobile and web browser access. Take note that Simplifi is different from Quicken. Unlike Quicken, Simplifi is purely cloud-based since it has no desktop app and you can use it via web browser or mobile app.
Here are a few of Simplifi’s highlights:
- Spending and saving management: Simplifi allows you to keep track of your spending across all of your bank accounts, define income and cost categories, and set specific saving objectives. Quicken Starter lacks the ability to create personalized saving goals.
- Budgeting: Make a one-month budget, set aside money for savings, and keep track of your expenditures. Simplifi only provides one budget every month as a personal money tracker. We suggest any Quicken package if you require numerous budgets and rollover budgeting capabilities.
- Simplifi can auto-detect invoices, provide you alerts about odd bills, and forecast your financial flow. These features are helpful for budgeting and maintaining a healthy cash flow.
- Debt, investment, and mortgage tracking: Simplifi may act as a tracker for debt and equity instruments. You may put money into education (529) and custodial accounts, as well as retirement 401(k), IRA, and 403(b) accounts (b). You may also keep track of the value of your property and your net worth.
Alternatives in a hurry
Conclusion
Quicken is a fantastic value for money if you’re searching for a relatively simple solution for handling your company and personal accounts at the same time. It offers a nice range of features, and you can manage and check your accounts on the move thanks to its mobile app.
Quicken Home & Business particularly delivers the most value to small businesses and rental property owners looking for a simple way to manage their finances. However, the Home & Business plan is available only on Windows. We recommend that Mac users shift to Windows or choose an alternative software like QuickBooks Self-Employed or QuickBooks Online.
Quicken is a personal finance software that allows users to track their finances and budget. Quicken offers a wide range of features and pricing for the year 2022. Reference: quicken starter review.
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