12/27/2022 0 Comments Quicken premier 2019 reviewsQuicken Home & Business or QuickBooks Simple Start? For example, if a check is written to purchase new equipment for the small business, an asset account needs to be established for the equipment. The income and expense accounts look like categories to those familiar with personal finance software, but double entry accounting is not always as simple as recording a check. Categories: Quicken Home & Business uses income and expense categories, while QuickBooks Simple Start uses expense accounts and income accounts to classify transactions by standard double-entry accounting procedures.Downloading Transactions: Both QuickBooks and Quicken Home & Business offers the convenient ability to download transactions from your bank, credit card and investment accounts (provided that your institutions support this).Account reconciliations are handled somewhat differently in QuickBooks Simple Start, and while not difficult, the process is not as intuitive as it is in Quicken software. Account Reconciliation: Account reconciliations in Quicken Home & Business start from within account registers, and adding or changing transactions during the reconciliation process is uncomplicated.
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