Not all Quicken desktop features are available in the App. The App is a companion app and will work only with Quicken 2015 and above desktop products. 3 Quicken Bill Pay (Bill Payment Services provided by Metavante Payment Services, LLC) is included in Quicken Premier and above and is available on QuickenBillPay.com as a separate add-on service in Starter and Deluxe. 15 payments per month included in Premier and above.
If you have an expense that's partially personal and partially business, you will need to split the transaction for that expense to reflect the two portions. See here for a good video on split transactions: There are two ways you could approach identifying the biz portion.The first is to use Categories.
You will need to setup pairs of categories; one for personal and one for business. Example: utilities-personal and utilities-biz. Open the Categories window (menu Window Categories) and click the + sign to add new categories. In the setup of the business categories, click the Tax Related checkbox then select Schedule C and the appropriate sub heading from the list.
An alternative would be to use Tags to identify the business portion of the expense. In the transaction split, you could tag one line as Biz and the other line as Personal. Then select the Biz tag only in report customization when you want to report on business related expense.
Index. Quicken Home and Business Highlights Desktop only. Quicken Home and Business is an on-premise accounting software program made for Windows users. It is not cloud-based, so you are restricted to using it on your desktop or laptop.
Track both home and business transactions. You can build multiple customized dashboards so you can keep track of anything you need with just a few clicks. Connect your bank accounts and import all bank transactions through Quicken’s secure portal. Stay on top of expenses and income by categorizing all business and home expenses, which may be useful if you are a solo lawyer who needs to be able to keep track of home and business transactions all in one program. Bill reminders.
Keep track of bills with Quicken Home & Business by setting up reminders that include due date and amount. You can also set an alert frequency and add reminders to your Outlook calendar. You are able to prepare taxes with Quicken Home and Business, as the software can identify and separate tax deductions as well as run reports that may be useful during tax season.
Quicken includes reports for profit and loss statements, cash flow, unpaid invoices, and reports on accounts payable and accounts receivable. Although you can track business and home finances in one place with Quicken, you can’t run full sole proprietor reports that total all finances. Pricing Quicken Home and Business costs $119.99. Features Quicken Website Starting price $199.99 Installation On-Premise Windows Apps Free trial 60-day money back guarantee. Bookkeeping ✓ Connect to bank accounts ✓ Billing/invoicing ✓ Online payments Secure portal ✓ Tax preparation ✓ Expense tracking ✓ Mileage tracking ✓ Reporting/analytics ✓ Accounts receivable ✓ Payroll Multiple users Accounts payable ✓ Bill payment ✓ Statement reconciliation ✓ Foreign currencies Check printing Contact management Timekeeping Things You Might Want To Know Security. Quicken Home and Business uses both 128-bit and 256-bit encryption to protect data. You can import security price data into Quicken via a CSV file, but Quicken cannot import any other data via that method.
You can import tax data from TurboTax. Otherwise, Quicken seems limited to importing data from other versions of Quicken. Apps and Integration. Quicken has mobile apps for both iOS and Android. However, since Quicken Home and Business is desktop-based, the app must be two-way synced with your laptop or desktop. Who Quicken Home and Business Is For Quicken Home and Business is a good fit for firms looking for an on-premise solution to accounting. It’s also great for solos who want to track home and business expenses all in one place.
However, it’s probably not a good fit for firms who are looking for cloud-based business accounting software that they can access from anywhere. Company Info Quicken Inc. Was founded in 1985 and is headquartered in California.