Quicken Home and Business vs. 200p Premier

Pat,

Quicken H&B is intended for Sole Proprietors. That is, those persons for whom the business and the person are a single financial entity. And since it doesn't handle inventory issues poorly, the types of business best suited for H&B either have no inventory (e.g., a consulting business) OR they buy and immediately re-sell (once again, carrying no inventory).

H&B has everything that Premiere has, plus the invoicing capability and a few business-related reports.

FOR THE SAME PRODUCT YEAR (i.e., Premiere 2009 & H&B 2009) the file structures are identical. Should you try H&B and decide to go back, your "Invoicing" account in H&B would appear in Premiere as just another asset account.

Some have tried using H&B as a low-cost alternative to Quickbooks. The results have been mixed, at best. They end up with a lot of "personal" features that they never use, and they still lack business features such as an "Owners Equity" account, the ability to take an "owner's draw", the ability to have multiple owners (e.g., a partnership) and a functional inventory system.

db

Thanks for the info. My business is home based and I do not have inventory or invoicing requirements> It is a sales environment and the thing I liked about the TurboTax upgrade I did what that it seemed to handle the home office expense reporting very well. My thoughts are that perhaps Quicken H&B would give me a better link to that.

If you don't have a need for invoicing, that would imply that all of your customers pay in full at the time of the sale.

Which would suggest that H&B will, actually, provide little benefit to you, since invoicing is the primary "additional feature" in H&B over Premiere. Now there's a few things that arise from the invoicing function, such as tracking your accounts receivable ... but if everyone pays at time of sale, then there's no A/R either.

BTW, in my prior message, I meant to say that H&B "handles inventory issues poorly". I decided to change my wording part way thru the sentence and didn't change it enough. Obviously though, you figured out my meaning.

db

Thanks db, it appears that Premier is the correct product for me.

Thanks db, It appears that Premier is the proper product for me.