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jedwards777
Level 1

I currently own QuickBooks Pro 2018 and need to know if this is way too complicated for what I actually need it for. All I want to do is balance 5 bank accounts by using Direct Connect with my bank and utilize a few reports. All this matching and reconciling makes the process longer than I anticipated. I was using Quicken but wanted the reporting of QuickBooks. Do you think there is a better version of QuickBooks I should be using or will I be performing the same tasks regardless of the version? 

Thank you for any suggestions you may have.

3 Comments
HoneyLynn_G
QuickBooks Team

Welcome to the Community, @jedwards777.

 

Thank you for choosing QuickBooks Desktop in running your business. I can share some insights about the QuickBooks versions we offer.

 

Any QuickBooks Desktop accepted versions (2016-2019) allows you to use the Direct Connect feature. However, the newer the version you're using, the more features it covers to meet all your accounting needs.

 

For you to get to know more about the products and services we offer, you can check the link below. It's a list of feature categorized by the version year. 

 

QuickBooks Desktop Feature List by Version Year

 

That information should get you on the right path.

 

The Community has your back if you need additional assistance. Just let me know by adding a comment below. Have a good one.

Rustler
Level 15

@jedwards777 wrote:

I currently own QuickBooks Pro 2018 ... All this matching and reconciling makes the process longer than I anticipated. I was using Quicken but wanted the reporting of QuickBooks. Do you think there is a better version of QuickBooks I should be using or will I be performing the same tasks regardless of the version?


The process is the same, much better to stick with pro

qbteachmt
Level 15

Quicken does this, too: "All this matching and reconciling makes the process longer than I anticipated"

 

You need to Reconcile using any outside source of reference, to confirm you own entries are on track and correct, and that the bank or lender didn't make any mistakes or perpetrate fraud.

 

You need to deal with Matching, because you stated you want to use Connectivity. The one requires the other. If you don't use connectivity, make your own entries. And with Connectivity, always confirm the transaction date; that is the date the bank processed it. That isn't your date unless everything you did is Paperless and Online.

 

I like Quicken's reporting better. The difference is personal vs business. QB is for Business financial management, including sale, order tracking, etc. Pro is the Entry Level.

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