Quicken is personal accounting software that was exclusively designed for managing your spending through an accounting system. It allows its users to track expenses, cash flow, and income. Furthermore, it helps to manage their property-related finances like, rentals, handling taxes, tracking investments, and creating custom invoices.
Although Quicken has a lot of features, there are better alternatives to Quicken. Let’s have a look at these alternatives:
1. Personal Capital
Personal Capital is a clear winner when it comes to finding an alternative for Quicken. It’s free software that allows you to access tools to manage every aspect of your finances. Personal Capital features you to link about every financial account you have like checking, savings, credit cards, retirement accounts, investments accounts, HSAs, and even your home. This tool enables you to perform a lot of functions easily!
2. Tiller Money
It’s amazing how Tiller Money can turn a Google sheet into a dynamic budget tool. You just need to link your bank accounts and credit cards to Tiller’s Google sheet tool, and it automatically downloads all transactions to your Google sheets. From those Google sheets, you can generate reports, create budgets, and categorize spending.
3. You Need a Budget
If someone is looking for a tool that can help to set a budget for everything then YNAB (You Need A Budget) is the perfect one. This tool only lets the user create a monthly budget rather than having rich accounting features like Personal Capital. The tool allows the users to easily create a budget by category, based on the money they have in the bank.
PocketSmith gives the users the privilege to plan their upcoming income and expenses calendar-wise. It is a full-fledged accounting and budgeting tool. You only need to sync your accounts with this app once and then you can easily track your budget and your net worth. It shows your income and spending in a handy calendar view. PocketSmith’s auto-budget tool can create a budget for you based on past spending.
If you have a lot of data in Quicken and you want to switch to something new then, CountAbout may be the budgeting tool for you. It gives you the feature to import data from Quicken. It downloads all the transactions from your bank account and categorizes them in both income and expense. You can attach receipt images to expense transactions. It allows you to set up recurring transactions and generate financial reports.
These five alternatives to Quicken are the best for accounting, and you can have a safe accounting and budgeting experience with each of them! Hope this was helpful!