Quicken

Pros

The best feature I like is the way you can split items on a receipt into their own categories. For example, I go to Walgreens and buy cosmetics, copy paper, thank you notes, and business head shot photo prints. I enter Walgreens for the Payee, then I assign / split where the expenses will go in my categories. Cosmetic - Personal Care, Copy Paper, thank you notes - Business: Office Supplies, Photo prints - Business: Photography. I make my tax reporting a breeze for my Schedule C line items. I also love generating reports on income and expenses. Great for planning or estimating funds for seasonal work loads.

Cons

It actually has more features than I want to use. For example - the investment section, I tried to use it - but to enter buy - sell information and dividends and details was way too time consuming for me. I just as soon get my reports from my brokerage firm.

Pros

The software has a solid UI so it is easy to see where your money goes. Easy to use and practical. Great for small to medium businesses because it is not very expensive and has many features.

Cons

The interface can look a bit outdated to some, but al the information you need is there. In 1 place. Very convenient.

Alternatives Considered

Reasons for Choosing Quicken

Switched From

Reasons for Switching to Quicken

Pros

The inexpensive cost is what drew me to use this software and because it is very well known I feel more secure using this.

Cons

The most frustrating aspect of this software is that after inputting several items and spending a lot of time making sure they are correct, often they become uncategorized and make this software a complete headache to use. The whole purpose of this software is to track spending/budget (at least in my case) and when it isn't working properly I start to wonder why I haven't switched to a different software altogether.

Pros

For the most part Quicken is easy to use. The customizable reports are one of the most useful tools in this software. Tax reporting and account management is also outstanding.

Cons

When doing automated updates the software does not learn from accounts where to put certain items or how to label them. There are times that I have to move an item from one account to another or I have to change category because the software did not learn from previous entries.

Pros

I love how I can allocate and precisely place all my bills and financial endeavors and categories that will project my budget to allow me to save money

Cons

Didn't like how it told some of my future payments that allocated my interest for my car payments which made me want to lower my APR for the future investments that I had