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jasonx
Level 1

QuickBooks vs Quicken - Best Option for Tracking Income and Expenses

I'm not sure that I need the full features of QuickBooks over Quicken or some other method of tracking my small business income and expenses. Looking forward to expert opinions and advice.

 

My setup

 a) Hard money lender and I have a separate system for tracking the loan origination, payments, fees (NSF), interest collected, principal etc...

b) I have standard expenses building lease, phone system, internet, office supplies

c) Expenses that are common in my business foreclosure, attorney, CPA etc..

d) I have 4 employees (payroll is outsourced), one salary and 3 hourly plus my ownership draws. The company also provides health benefits

 

I do not need to generate and send invoices nor do I need to collect payments or process income related transactions facilitated by QuickBooks. I think I just need a good way to enter and track my interest income and expenses for tax filing purposes. What do you think is my best option?

 

Thank you,

Jason

Solved
Best answer November 10, 2021

Best Answers
Fiat Lux - ASIA
Level 15

QuickBooks vs Quicken - Best Option for Tracking Income and Expenses

QB Online Simple Start is enough.

https:// quickbooks.grsm.io/US

https:// quickbooks.grsm.io/us-promo

 

Another option, consider purchasing a one time license of QB Desktop 2021 Pro edition for 1 user.

 

View solution in original post

2 Comments 2
Fiat Lux - ASIA
Level 15

QuickBooks vs Quicken - Best Option for Tracking Income and Expenses

QB Online Simple Start is enough.

https:// quickbooks.grsm.io/US

https:// quickbooks.grsm.io/us-promo

 

Another option, consider purchasing a one time license of QB Desktop 2021 Pro edition for 1 user.

 

jasonx
Level 1

QuickBooks vs Quicken - Best Option for Tracking Income and Expenses

Thank you! Appreciate the reply and options.

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