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So I'm debating on which software to use for my accounting. It looks like Quicken Home and Business would be perfect except I own a Mac, so I'd need to setup a virtual drive on it to run windows and quicken. The other drawback is that it wouldn't be on the cloud, so I''m also looking at using quickbooks online.
This would be to track my personal accounts as well as my small business accounts. I've got a Real Estate Investing business that I operate from my home, and currently have no employees.
Any input/feedback would be appreciated!
Running Quicken H&B on Parallels is one option. If you have a Windows PC, you may run Quicken H&B or QB Desktop 2020 or 2021 with a one time license, then you can access your company file by a remote desktop app on your Mac.
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Last option, consider to purchase QB Online Plus to utilize the Class/Location feature.
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According to me, QuickBooks Online is much easier to navigate than Quicken. Tasks are grouped by workflow, so you can easily find the task you need. The QuickBooks Online dashboard has a menu bar on the left that makes it easy to navigate programs. The dashboard shows a summary of total paid and unpaid customer invoices, total spending, profit and loss (P & L), and sales for the selected time period.
Also, QuickBooks Online is easier to set up than Quicken because it's purely web-based, with no downloads or installations required, and users can easily access their QuickBooks Data on their Azure Desktop. QuickBooks Online is also easy to track business income and expenses because its the main focus, but Quicken can be confusing and unnecessary to track business income. There are many other personal financial functions.
So from my point of view, You should surely go for Hosted QuickBooks without any doubt.
Regards,
J Wick
THANKS! That is precisely the information I was looking for. My only question (hope, prayer!) is that there is a way to import the tons of data I currently have in Quicken Home & Business. Do you know if that is possible?
Thanks! This is precisely the information I was looking for. Now, I'm just hoping (praying) that QB Online will import the years of data I have sitting in my Quicken Home & Business files. Do you know if that's possible?
@SYZYGY Media Depends on what those years of data are; there are things that QuickBooks Online can't transfer even from QuickBooks Desktop.
Do you need to convert data from Quicken to QB Online? Which Quicken year version do you have?
Yes, @SYZYGY Media. Importing your extensive Quicken Home & Business data into QuickBooks Online (QBO) is possible. This change will simplify your accounting tasks and help you focus more on growing your business. I’ll provide tailored guidance to ensure a smooth transition.
Before proceeding, I suggest exporting your Quicken data to a file in .csv format so you can import it into QBO. If you run into problems with converting your file, you can contact Quicken support for help.
Once everything is good, you can begin the importing process by following these steps:
After successfully importing your data into QBO, I encourage you to connect your bank account. This will allow you to utilize bank rules for automatic transaction categorization, simplifying your accounting tasks significantly.
Furthermore, I’m excited to share a valuable resource that will guide you through getting started with QuickBooks Online. This comprehensive guide will equip you with the knowledge to navigate the platform effectively and maximize its features: Getting Started with QBO.
Finally, consider exploring QuickBooks Live Expert Assisted to enhance your experience with the program. This innovative service connects you with QuickBooks-certified experts who provide personalized guidance tailored to your needs, particularly in managing your data.
Revisit this thread for any further questions or need assistance along the way. This Community forum is always available and serves as a resource to support your specific needs. I wish you all the best as you embark on this new journey.
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