Quicken Pricing, Features, Reviews and Alternatives

The best feature I like is the way you can split items on a receipt into their own categories. For example, I go to Walgreens and buy cosmetics, copy paper, thank you notes, and business head shot photo prints. I enter Walgreens for the Payee, then I assign / split where the expenses will go in my categories. Cosmetic - Personal Care, Copy Paper, thank you notes - Business: Office Supplies, Photo prints - Business: Photography. I make my tax reporting a breeze for my Schedule C line items. I also love generating reports on income and expenses. Great for planning or estimating funds for seasonal work loads.

It actually has more features than I want to use. For example - the investment section, I tried to use it - but to enter buy - sell information and dividends and details was way too time consuming for me. I just as soon get my reports from my brokerage firm.

Quicken quickly and efficiently tracks all my spending, earning and investments, and I have been able to link most of my accounts so it does it automatically.

Not all accounts can be linked, especially not international ones. And occasionally it has brought in duplicate transactions which are a nightmare to reconcile.

I was able to easily import out multiple business accounts into Quicken, something I was not able to do with Quickbooks. Updating accounts is quick and easy too. I like the simple flagging option that allows me to mark a transaction for later investigation.

Will not generate a simple profit and loss statement based on accounts. I understand Quicken is meant more for personal, than business use, but it would still be a nice feature to have.

Great for managing bank accounts and credit card accounts.

There needs to be a way to stop Placeholder entries. I check my own investment accounts an like to make corrections. Placeholder entries make it very difficult to correct input errors. If you input income for an investment account and use the reinvest action, the investment performance report can't be used. The amount is added and subtracted for the report. To remove cash from an account, three or more actions (XOU, Withdraw and Withdrawx) can be used. Unfortunately, some reports only have one of these actions and that hasn't been used in the database.

I like it. I just don't like monthly fees or having to upgrade to be able to connect bank accounts for automatic upgraded on my financial statements.

Good software. Easy to use and practical. Helps you accomplish accounting needs in an easy way. Connecting directly to your banks helps you get things done faster.