Due to a recent slow down in business as well as an unsatisfactory
relationship with my bookkeeping/tax firm, I have decided to take over
my own bookkeeping and bill paying chores for the business again.
I will still have my old firm take care of my taxes as there are some
things that only a good tax guy can know these days and I have found a
lot less problems occur with a professional preparer.
Anyway, I have set up my own books before a few times with my
different small companies. So long ago in fact, that I started with a
big green, General Ledger book. Over the years, I have kept my hand
in, but haven't wanted to be a full charge bookkeeper and my time was
best spent out in the field where my business and company worked.
About 15 years ago, I kept my own books and did them on Quicken. It
worked like a champ. It is (and remains) a single entry system, so it
it was easy to set up and use. I was literally able to set up the
program, the proper accounts, and entered about 500 transactions (the
year) in less than a week.
But now, the question seems to be between Quickbooks and Quicken Home
and Business. My tax guy uses Peachtree as well as the professional
package of Quickbooks, but would prefer my data in a Quickbooks or
Quicken format since my data will easily convert or be directly read
by her software.
I now write less than 25 checks month. so bookeeping and accts. rec/
pay are light. All equipment is fully depreciated. I don't
necessarily have to generate my own 1099s as the subs I use I have had
them on board so long the tax guys will kick out the 1009s and
transfer paperwork for nothing.
I don't have any direct employees, and when I do, I use a service that
charges per check and handles all accompanying paperwork for quarterly
So, having read all I can stand about the differences between Quicken
H&B and Quickbooks, I am still not sold on either. People really love
Quickbooks as it is infinitely flexible. But as a dual entry system
and a little clumsier interface, it is like killing an ant with a
sledghammer (remember, down to +/- 25 transactions a month!). Quicken
is easier to use, has a single entry setup (perfect for a less
sophisticated needs company) but has less reporting capability and
isn't as flexible in account setup.
I have visited online forums for each. I have visited online tech
groups for each. I have read comparisons for each. Both have their
staunch supporters and detractors. Me? Well, I'm just confused.
I am not a full charge bookkeeper, but keeping my own books is
something I did for years, and I still monitor these days anyway. I
just don't know which program to start with. I know I can get the
demos for both online for free, but a couple of third party tax sites
reported the demos from Intuit (maker of both packages) were buggy and
in some cases incomplete (really... how stupid is that?) and that you
can only apply the fixes to the full, registered version. Don't want
to play/test with buggy software.
So... does anyone have any insight into these two, or experiences with
just one? Something based on personal experience?
<< ANY >> thoughts would be appreciated.