Quicken Product Offerings Personal Finance Software Review

In this article, I’d like to conduct a personal finance software review of Quicken product offerings designed for personal use. There are several personal finance software products on the market that do wonderful jobs in helping families manage their finances, but I’m most familiar with Quicken because I’ve been a user of their products for over eight years. I am completely satisfied with the features that Quicken offers and would like to review and compare the benefits that their product offerings offer.

Quicken Starter Edition

Formerly known as Quicken Basic, Quicken Starter Edition is a great solution for people who will be using personal finance software for the first time. The three main features that Quicken Starter Edition offers are: (1) balance your checkbook electronically, (2) track how you spend your money by being able to categorize purchases, and (3) monitor and update all your investments and bank accounts In a place. It basically provides a “one stop shop” for all your personal financial concerns.

deluxe quickens

Although Quicken Starter Edition is a fantastic product, I think the average family considering a personal finance software product should start with Quicken Deluxe. The reason is that, in addition to offering all the features of Quicken Starter Edition, Quicken Deluxe provides the ability to download bank and investment account transactions automatically. This makes reconciling your checking account, as well as your other accounts, extremely simple. Plus, Quicken Deluxe lets you create savings goals and track your progress, store statements and records electronically, and plan for a new home, baby, or retirement. For most families, this is the best place to start.

expedite premier

For those families who manage their own investments and require additional tools to monitor and measure their progress, Quicken Premier is the perfect solution. Quicken Premier offers all the great features of Quicken Deluxe and several others, including: (1) generating various investment performance reports, (2) analyzing and optimizing your portfolio with special tools, (3) generating Schedule A taxes, B and D reports, and (4) set investment alerts to notify you when certain conditions are met. A truly remarkable tool for the do-it-yourself investor!

Quicken Home and Business

All three of the software solutions above are great options, but if you own your own business, none of them will suffice for the extra monitoring and record-keeping you need to do. Enter Quicken Home and Business. While not as powerful a solution as Intuit’s QuickBooks products, it’s the perfect choice if you’re a small business with no payroll requirements, or especially for a part-time business. In addition to providing all the great features of Quicken Premier, Quicken Home and Business allows you to: (1) track and categorize business and personal expenses, (2) create custom estimates and invoices, (3) generate profit and loss reports, (4) ) track vehicle mileage and other Schedule C items, and (5) monitor upcoming bills and unpaid bills. If you’re considering a small part-time business, this solution is perfect to get you started.

In conclusion, Quicken offers a wonderful line of products that are designed to meet the diverse needs that different families require. This personal finance software review aims to give you a basic overview of each product to help you decide which solution would be best suited for your family. Hopefully this discussion will convince you of the incredible value that personal finance software offers its users. I can only speak from personal experience.