I am about to start a home business as a sole proprietorship and am thinking of getting some accounting software that can also handle personal income tax (for the USA). I have looked at Quickbook and Quicken Premier Home and Business. While the former is recommended here, the latter is much cheaper. Since my business will be a sole proprietorship, should the latter be adequate - at least for the first year.
Many thanks in advance for any advice, Peter.
Quicken and Quickbooks are very different programs. You can tweak them for your specific uses but they are meant for different tasks.
If I were you, and would only be willing to buy one, I would go on and buy Quicken Home and Business. With the extensive user of categories, classes and reports you will be able to tweak it for basically any use. Quickbooks is not that flexible, and it shouldn't be.
hope this helps!
Diego
We use Quicken PH&B for our sole proprietorship and personal tax.
Thank you very much for your reply. Does Quicken Home and Business have the tax return capabilities of TurboTax or TaxCut?
Thanks again, Peter.
Hi Zilla,
Many thanks for your reply. Does Quicken PH&B have everything you need for personal income tax returns or do you nedd something else like TurboTax or TaxCut as well?
Thanks again, Peter.
You will need TTax or similar to complete your tax returns. QW does a good job of furnishing the input.
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