QuickBooks for personal use, instead of Quicken?

Posted by Joseph N. on December 29, 2008, 12:21 am

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I have been using Quicken for personal use for more than ten years. I
have also been using QuickBooks for business use for several years.
In order to simplify things, I am considering using only QB for both,
by setting up a separate "company" for my personal, non-business,
life. What would be the disadvantages of doing this? In other words,
what might be the advantages of continuing to use Quicken for personal
use?

Posted by Laura on December 29, 2008, 9:32 am

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>I have been using Quicken for personal use for more than ten years. I

> have also been using QuickBooks for business use for several years.

> In order to simplify things, I am considering using only QB for both,

> by setting up a separate "company" for my personal, non-business,

> life. What would be the disadvantages of doing this? In other words,

> what might be the advantages of continuing to use Quicken for personal

> use?

If you don't have any investments then either QuickBooks or Quicken would
work for you.

One thing to check before switching your personal books over to QuickBooks
is whether or not your bank supports downloads into QuickBooks and if they
do is there a cost. Many banks started charging for bank downloads into
QuickBooks but have left downloads into Quicken free.