Quicken Review for February 2025 Best Personal Finance Software
By default, Quicken stores your files locally on your computer. However, if you opt into syncing through the Quicken Mobile app or Quicken on the Web, your data is added to the cloud. Quicken falls in the middle when it comes to pricing compared to NeatBooks and FreshBooks, which charge $40 per month and $19 https://www.bookstime.com/ per month (after six months at $9.50), respectively.
What are the benefits of using Personal Finance Software?
- But in a world filled with software options, picking out the best program to help you with budgeting, investment, and financial planning can seem like an overwhelming task.
- Quicken Classic has advanced tools for investors, but you have to click through all the menus to find them.
- There’s the Monthly Summary, Net Income and Net Worth, and Spending by Category, Payee, and Over Time.
- Personal finance software not only assists in tracking your financial transactions but also offers insights, tools, and projections to optimize your budget, minimize debt, and maximize your savings.
However, others mention issues with inaccurate reporting, high price, and lack of updates. Familiarize yourself with the included categories to see if you want to modify any of them or add new ones. Some categories are assigned to specific income tax lines—best not to mess with them. You can also simultaneously recategorize groups of similar transactions by selecting Recategorize from the Tools menu. Quicken Online was a free, hosted solution (see software as a service) by Intuit.
Customer reviews
One of the most significant advantages of personal finance software is its ability to help you grow your quicken bookkeeping assets. But in a world filled with software options, picking out the best program to help you with budgeting, investment, and financial planning can seem like an overwhelming task. On Quicken, your dashboard acts as a hub for accessing essential financial information. You can select from a variety of customizable “cards” to feature on the dashboard, with quick access to the specific details you’re interested in. For instance, you have the option to display a card that compares your expenses to your income, or one that tracks your expenditures with various retailers or vendors. You can also include a card that highlights your top-performing investments or provides insights into the evolution of your net worth over time.
Quicken Simplifi: Features
None of the personal finance apps I’ve tested comes near to providing that kind of robust reporting. Quicken does offer a companion web page that you can access from any device that has an internet connection. The page includes the data you would most likely want payroll to see when you are away from your computer, including your account balances, the current month’s budget, and how much you have left to spend. It shows a very simple investing summary and list of top movers, and your top spending categories for the current month.
- Using Quicken Bill Manager, which is free, you can see each bill’s due date, amount due, and last payment made for the billers you’ve connected to online.
- However, the company has been owned by Aquiline Capital Partners since 2021.
- Unfortunately, Quicken’s reputation with the Better Business Bureau isn’t great.
- Quicken is the best choice for your business if you’re on the smaller side, don’t have additional employees and want robust expense tracking.
- Quicken is a lone desktop application in a sea of web-based apps.
More Personal Finance Software Reviews
Right-click on a highlighted entry on the Transactions page, for example, and a list of related actions opens. Right-click on a tab, and you can designate that page as your startup page and choose from other options. Right-click in the account sidebar to see your credit score and make changes to the account view. Every transaction in Quicken should have a category assigned that describes the type of income (such as salary, consulting, gift) or spending (restaurant, groceries, personal care, etc.). The category should be the best, most targeted one you can find. Quicken tries to assign the right category when it imports transactions, and you can change it if there’s a better one.
