How To Choose The Best Quicken Plan In 2021
Since the 80s, Quicken has been the favorite finance management software for people who want to simplify their businesses. Apart from being extremely affordable pricing plans, H.I.G. Capital, the current owner of the software(Intuit sold Quicken to H.I.G. Capital in 2016), revamped the software into a web-based application, which boosted the sales and simplified the entire operation of the app.
In 2021, Quicken offers four types of subscription plans, and all of them are justified because they are economical and offer a ton of features for the consumers. Today we'll be looking at the best Quicken plan in 2021 and how to choose them. But before moving forward, let's see what is Quicken and how does it work?
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What is Quicken?
Quicken is personal accounting software for individual workers. Unlike some popular finance management software, Quicken offers a fully cloud-based system that allows users to track their taxes, expenses, and cash flow remotely. It is worth noting that Quicken was initially a part of Intuit, an American company specializing in finance management software since the 80s. It is the same company that developed QuickBooks, TurboTax, and Mint. So you can rest assured that your data will be safe with Quicken as it has top-tier security features to protect your data from unauthorized access. Freelancers, sole proprietors, and seasonal workers can easily streamline their finances and send invoices to charge their clients and customers quickly. Now let's see some of the features of Quicken and how exactly it operates.
How does Quicken work?
Quicken offers many features, and it operates on cross-platforms like Android, iOS, macOS, Windows, and Linux. Meaning you don't have to carry your computers outside, as it works on the cloud and gives you the freedom to login from anywhere and anytime.
In a nutshell, Quicken gives a clearer picture of how and where you are spending your money. With Quicken, you can see your investments, credit card bills, banking information, and retirement pensions. Quicken offers several plans and subscription packages, giving you access to newer and more advanced options as you go higher in your subscription packages.
List of the best Quicken plans
In 2021, Quicken offers four plans for Windows operating systems and three main plans for Mac computers. Let's see these plans and what features they offer.
Quicken Starter
Quicken Starter is the entry-level plan that offers the minimum features required to run a small business by an individual. It is basically a light version of the Quicken Premier plan and offers basic monitoring features for bills, banking, credit cards, and expenses. Below are some of the features for Quicken Starter, along with its monthly/yearly subscription fee.
● Cross-platform integration for desktop, mobile, and web.
● Monitor all your credit cards in one place.
● Create a budget and track your spending.
● Create expense categories and see how & where you are spending your money.
● Export your data into excel sheets in one click.
● Get 24/7 support from Quicken's phone support team.
Quicken Starter plan offers some of the most basic functionalities, and with a starting fee of $35.99/yr, it is the cheapest plan available in the market right now. If you want to automate your finances without paying hundreds of dollars every month, the Quicken Starter plan is the perfect plan for you.
Quicken Deluxe
Quicken Deluxe is the advanced version of the Quicken Starter plan, and it offers more robust features and upgraded benefits than the basic Starter plan. Unlike Starter, the Deluxe plan offers tax and investment management features specially designed for investment-savvy individuals. As stated by Quicken, the Deluxe plan is the most popular plan among the four available subscriptions, and it offers three extra options for a yearly fee of $31.19. Let's see some of its features and how different it is from Quicken Starter.
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● Available for desktop, mobile, and web.
● Easily monitor your credit cards.
● Track your spending with budgets.
● Easily create expense categories to monitor your spending.
● Easily export your data into excel sheets.
● Get 24/7 support from Quicken's phone support team.
● Create a customized budget. (new)
● Manage and track your debt. (new)
● Create savings goals. (new)
Quicken Premier
The Quicken Premier plan provides value for your money. With a starting subscription of $46.79 per year, it offers many added features that you cannot find in the Quicken Starter and Quicken Deluxe plan. Even though it costs $15 more than the Quicken Deluxe plan, the features you get make up for the cost. From scheduling D tax reports to the same old cross-platform integrations, below are some of the key features of Quicken Premier, which is currently the best value-for-money plan from Quicken.
● Easily track your investment, loans, and retirement pensions.
● Evaluate your asset allocation with Portfolio X-Ray, monitor your assets, stocks, mutual funds, and stay up-to-date with your latest news and trendiest news in the financial market.
● Monitor your market investment and make profits with easy-to-use market comparison tools.
● Easily create Schedule D tax reports, and track your taxes.
● All the above features of Quicken Starter and Quicken Deluxe.
Quicken Home & Business
The Quicken Home & Business is the most expensive Quicken plan, which comes at a subscription fee of $62.39 per year. Even though it is the most expensive plan on the list, it is the most affordable plan for individual accounting in the world's financial standard. Talking about its features, the plan comes with full-fledged services ranging from personal tax management to tracking tenants' rents. If you own a medium-scale business and want to automate your financial management, Quicken Home & Business is the best plan for you. Let's see some of its features and how it justifies the $62.39 price tag.
● Create separate entities for personal and business expenses.
● Get instant reports for profits, losses, and tax deductions.
● Easily create and schedule C and E reports for simplifying taxes.
● Create estimates and custom invoices for charging your clients and customers.
● Create rental rates and security deposits.
● Monitor rents from your tenants.
● Add custom payment links to your invoices.
● Save all your documents to Quicken.
Final thoughts
Properly managing your money is the key to survive and grow in the modern world. As Benjamin Franklin once said, "beware of little expenses: a small leak will sink a great ship," you have to make sure you are controlling your money and not the other way around.
With a helping hand from companies like Quicken, you can be assured that you can focus on creating more money and automating the managing part of it.
While Quicken Starter offers the cheapest plan for managing to personalize accounting, it doesn't offer a rental management service. Similarly, Quicken Premier offers a ton of services, but it costs $15 more than the average plan.
You can choose any of these subscription plans. According to your business model, you can modify them with custom added features from Quicken.
Original source of the blog is :- How To Choose The Best Quicken Plan In 2021? - Search Review Business
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