Quicken

Pros

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.

Cons

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.

Pros

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.

Cons

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

Pros

You are able to setup Quicken to sync transactions with your various bank and financial institutions. If you have the skills and proper data entered, you are able to run reports with valuable information.

Cons

Quicken isn't always user friendly. I'm an accountant who has worked with many financial software, so I can work my way through it, but it isn't always user friendly. I also do not love how Quicken treats transfers between accounts as income and expense.

Pros

Pricing was convenient for a small business.

Cons

Not easy to download credit card statements.

Pros

Easy to download transactions. Specialized report save fuction. Cloud sync to view on other devices.

Cons

Every once in a while it auto catorgories something worong.

Alternatives Considered

Reasons for Switching to Quicken