Who uses QuickBooks?
What do you use it for?
Thanks,
-Mike
me
everything
ok…so I was headed out the door when I started this post.
Can you shed a little more light on what it does for you?
Is it a Quicken product?
If so…isn’t one of it’s base products a software based checkbook balancer…and if so, what else can you get into with it?
Specifically, what merits do you see from an REI perspective.
Thanks for your consideration.
-Mike
Quicken…QuickBooks…
What’s the difference?
-Mike
quicken is more for personal use, while quickbooks is more for business. Since we have quickbooks, we use quickbooks for our personal account as well. its overkill, but its free.
Quicken will not have all the functions like quickbooks. it PROBABLY lacks invoicing, A/R, etc but i dont know since i never used quicken
Quickbooks will do alot including manage your checking account. It will do A/P, A/R, invoice, enter bills, keep track of credit cards, keep track of long term debt like mtg notes, do reminders, etc.
check out www.quickbooks.com You can get a free trial I believe or get a 60 day money back guarantee. I returned a version of QUickbooks once and they refunded the whole thing. I only returned a single user license which i was demoing before I bought the 5 user license which i did buy.
quickbooks gives you more choices for account types (assets, liabilities, etc) that are difficult to manage in quicken. quicken is a checkbook/expense category tool. quickbooks is a complete accounting package. you’ll like the added flexibility in the chart of accounts, ability to enter “noncash” transactions (depreciation).
quickbooks is a lot of bang for the buck.
Thanks for the feedback.
Looks like I’ll leapfrog Quicken and jump to Quick Books.
-Mike
Additional Question:
With 1 single version of Quick Books software…can set things up for (2) or more checking accounts.
I.E. Just initially have a Personal Checking Account…then add a Business Checking Account later?
Can all this be run from the same software source?
Thanks,
-Mike
absolutely. You can have multiple checking accounts, savings acounts etc. Furthermore, you can set up multiple companies with one license. we use our software to manage 3 companies plus our personal account. each one is completely seperate from the other.
You may want to consider opening a business account from a legal standpoint.
You will set up a chart of accounts. Basically, income, expense, and bank accounts (theres more but thats the basics). QB’s will give you some basic accounts to start and you can add your own anytime.
having only 1 license will limit you to one user access at a time. Probably more info than you need so I’ll stop now.
there is a limitation when using quickbooks services like payroll updates. there you have to pay for each update per company i believe but again probably more info than you need.
Mike,
You’ll also want to look carefully at which version you want. I have Quickbooks Pro because it has better reports.
Mike
Thanks for the add’l recommendations.
-Mike