3/16/2023 0 Comments Quicken vs quickbooks for mac![]() ![]() What’s the difference? Cash basis accounting records transactions as they occur when cash or checks or credit cards change hands. Quicken works only on a “cash” basis, QuickBooks gives you a choice between “cash” and “accrual.” However, when you’re in business, you need QuickBooks. Quicken is great for recording checks your write, deposits you make, and for tracking your investments in other words, it’s for your household expenses and investments. Trying to do business bookkeeping on Quicken is like going into a Chinese restaurant looking for Mexican food. Quicken is for personal, and only personal, finances. Monique Featured Article: How to Choose Between Quicken and QuickBooksĪfter I recently launched my services package for budding entrepreneurs in December, a friend of mine sent me this query, “ You mention Quicken – if I use it for my personal finances, do you recommend a separate “installation” for business? Or can one version handle both?” Hanging out with my fabulous new client, natural-light portrait photographer Lani Harmon of at our Gold Mastermind in Asheville, NC last week.
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