Quicken Review and Pricing 2026

Why We Chose Quicken as Best for Business & Personal Finances

Many solopreneurs, freelancers and self-employed professionals struggle with the blurred lines between business and personal spending. During our evaluation, we found that Quicken directly addresses this challenge by offering a unified platform that manages both financial worlds while maintaining complete separation for tax and accounting purposes.

Unlike competitors that require separate subscriptions for business and personal finance management – or business-only tools that ignore personal financial needs – Quicken combines both in one affordable package. For the base price of $7.99 per month, users gain access to business invoicing, expense tracking, tax reporting and all the personal budgeting and investment tools found in Quicken’s award-winning Simplifi platform (you can also access Simplifi on its own for $5.99 per month, though we recommend Business & Personal for entrepreneurs.)

We were particularly impressed by Quicken’s practical approach to the self-employed user’s reality. The software acknowledges that solopreneurs need to see their complete financial picture – including business profits, personal expenses, savings goals and investment performance – without sacrificing the ability to separate business from personal for tax reporting. Built-in Schedule C, E and F tax forms make tax preparation straightforward, while mileage tracking and receipt capture ensure you maximize deductions. For these reasons, Quicken is our top pick for users who need to manage business and personal finances together.

Ease of Use

During our hands-on testing, we found Quicken remarkably intuitive, especially for users who don’t have formal accounting training. The interface uses a clean, modern design that avoids overwhelming users with accounting jargon.

The dashboard provides an at-a-glance view of your complete financial picture. You can toggle between business and personal views or see everything together to understand total cash flow. We appreciated how the software automatically categorizes transactions from connected bank accounts and credit cards, learning from your corrections to improve accuracy over time.

Creating an invoice takes just a few minutes, even for first-time users. The receipt capture feature works well through the mobile app: simply snap a photo and attach it to the corresponding expense. Mileage tracking is equally straightforward, with GPS-based logging that automatically calculates deductible amounts based on current IRS rates.

That said, we did notice that customization options are more limited than other accounting software we reviewed. Users seeking advanced reporting, complex workflow automation or extensive integrations may find Quicken’s simplified approach constraining. However, for solopreneurs and small business owners who value ease of use over advanced features, this streamlined design may actually be a benefit.

Quicken Features

Quicken delivers the essential accounting software features that self-employed professionals and small business owners need, balanced with powerful personal finance tools. Here’s an overview of the platform’s key capabilities:

Unified Business and Personal Management

The standout feature we discovered during testing is how seamlessly Quicken separates business and personal finances while keeping everything accessible in one place. When you connect bank accounts and credit cards, you can designate them as business or personal. The software then maintains separate ledgers automatically, ensuring clean records for tax purposes.

You can toggle between business and personal views instantly, or view consolidated reports to understand your complete financial situation. This dual-view system is invaluable during budget planning or when making major financial decisions that affect both your business and personal life.

Invoicing and Payment Tracking

We tested Quicken’s invoicing tools and found them adequate for basic business needs. You can create custom invoices with your logo, add line items for products or services, and send them directly from the platform. The system tracks invoice status, showing which have been sent, viewed and paid.

Quicken supports PayPal and Stripe integrations, allowing customers to pay invoices online. However, we noted that invoice customization options are more limited compared to dedicated invoicing platforms like FreshBooks. Businesses requiring highly customized invoices, recurring billing automation or advanced payment workflows may find these limitations restrictive.

Expense Tracking and Receipt Management

During our evaluation, we were impressed by Quicken’s expense-tracking capabilities. The software connects to your business bank accounts and credit cards, automatically downloading and categorizing transactions. You can create custom categories and rules to ensure consistent organization.

The mobile app’s receipt capture feature stood out during testing. Simply photograph receipts on the go, and Quicken stores them alongside the corresponding expenses. This creates audit-ready documentation and eliminates the frustration of lost paper receipts. At tax time, you’ll have everything organized and ready for your accountant.

Tax Reporting and Preparation

One feature we particularly appreciated is Quicken’s built-in tax reporting. The software includes Schedule C, E and F tax forms, automatically organizing your income and expenses into the appropriate tax categories. This dramatically simplifies year-end tax preparation.

You can generate profit and loss statements, cash flow reports and tax-related summaries with just a few clicks. These reports pull directly from your categorized transactions, reducing errors and saving time when working with your tax professional.

Mileage Tracking

For self-employed professionals who regularly drive for business purposes, we found Quicken’s mileage tracking invaluable. The feature allows you to log trips, record the purpose of each drive and automatically calculate deductible totals based on current IRS mileage rates.

You can track mileage using GPS-based logging through the mobile app or enter trips manually. Since mileage deductions can significantly reduce taxable income, this feature alone can save users hundreds or thousands of dollars annually.

Personal Finance Tools

Beyond business features, Quicken includes the complete Simplifi personal finance platform. This means you get award-winning budgeting tools, spending insights, bill reminders and savings goal tracking. You can connect personal bank accounts, credit cards, loans and investment accounts to monitor your complete financial picture.

The budgeting tools help you set spending limits by category and track progress throughout the month. Savings goals let you visualize progress toward specific targets, whether that’s an emergency fund, vacation or major purchase.

Reporting and Analytics

We tested Quicken’s reporting capabilities and found them sufficient for most small business needs. You can generate profit and loss statements, balance sheets, cash flow reports and budget variance reports. The software also provides spending breakdowns by category, which help identify where money is going.

Reports are customizable to some extent, allowing you to select date ranges and specific accounts. However, advanced users seeking highly customized reporting may find the options limited compared to enterprise accounting solutions like QuickBooks Online or Oracle NetSuite.

Mobile App

Quicken’s mobile app for iOS and Android received high marks during our testing. The app allows you to view your dashboard, capture receipts, log mileage, create invoices and review reports from anywhere. We found it particularly useful for on-the-go expense tracking and receipt management.

The app syncs in real-time with the web platform, ensuring your data is always current. Users rate the app highly, with strong reviews in both the Apple App Store and Google Play Store.

Security

We appreciate that Quicken uses bank-level 256-bit encryption to protect your financial data. The platform is cloud-based, which means data is backed up automatically. Quicken also maintains a strict privacy policy; they don’t sell user data or display ads, which is refreshing in today’s data-driven marketplace.

Quicken Pricing

Quicken offers straightforward, affordable pricing, making it accessible for solopreneurs and small business owners. Here’s the breakdown:

Additional Pricing Considerations

Here are some important points about Quicken’s pricing:

• Promotional pricing: New subscribers typically receive 50% off their first year, bringing the cost to $3.99 per month. This promotion is regularly available on Quicken’s website.
• Annual billing: Quicken bills annually, though pricing is expressed as a monthly rate.
• Money-back guarantee: Quicken offers a 30-day money-back guarantee (not a free trial). If you’re unsatisfied, you can request a full refund within 30 days of purchase.
• No per-user fees: Unlike many accounting platforms that charge per user or per business, Quicken’s flat rate covers multiple businesses and unlimited personal accounts. This makes costs predictable as your business portfolio grows.

Implementation and Onboarding

Setting up Quicken is straightforward and takes less than 30 minutes for most users. During our test, we found the initial setup process well-designed and user-friendly:

1. Account creation: Visit Quicken’s website, select Business & Personal, and create your account. The process requires basic information and takes just a few minutes.
2. Bank connections: Connect your business and personal bank accounts and credit cards. Quicken uses secure, bank-level connections to download transactions. You’ll designate each account as business or personal during this step.
3. Category setup: Quicken provides default categories for common business and personal expenses. You can accept these or customize them to match your specific needs.
4. Guided tutorials: The platform includes helpful tutorials and tooltips that guide you through key features like creating your first invoice or setting up mileage tracking.

We appreciate that Quicken doesn’t require a lengthy onboarding process or consultation, making it easy for business owners to get started immediately. If you need assistance, customer support is available via phone and chat.

Customer Service

Quicken provides multiple support channels for Business & Personal subscribers:

• Phone support: You can contact Quicken by phone during business hours for assistance with technical issues or feature questions.
• Live chat: Chat support is available through the web platform and mobile app for quick questions and troubleshooting.
• Online resources: Quicken maintains an extensive knowledge base with articles, tutorials, FAQs and video guides. These resources cover common questions and provide step-by-step instructions for most tasks.
• Community forum: Users can access Quicken’s community forum to ask questions, share tips and connect with other users.
• Money-back guarantee: The 30-day money-back guarantee provides peace of mind during the initial setup period.

While we found the support resources adequate, they’re not as comprehensive as what you’d receive with higher-tier accounting solutions like QuickBooks Advanced, which includes dedicated account teams and 24/7 support.

Limitations

While Quicken excels at managing finances for solopreneurs and self-employed professionals, we identified several limitations:

• Single-user access: Only one person can access the account at a time. This makes Quicken unsuitable for businesses with multiple employees who need simultaneous access to financial data.
• Basic invoicing: While functional, Quicken’s invoicing capabilities lack the sophistication of dedicated platforms like FreshBooks. Businesses requiring advanced invoice customization, automated recurring billing or extensive payment processing options may find these tools limiting.
• Limited integrations: Quicken offers fewer third-party integrations compared to platforms like QuickBooks Online or Xero. The primary integration is with PayPal for payment processing, plus connections to banks and financial institutions.
• Not for growing teams: Businesses planning to hire employees or expand beyond solopreneur status will likely outgrow Quicken’s capabilities. The platform doesn’t support features like payroll processing, time tracking for multiple employees or complex accounts payable workflows.
• No payroll features: Quicken doesn’t include payroll processing, so businesses with employees will need to use a separate payroll service.

Methodology

We evaluated dozens of accounting and invoicing software solutions to help small businesses choose the right accounting software for their needs. Our analysis included hands-on testing of software demos, evaluation of vendor websites and careful review of third-party user ratings.

We assessed each platform’s features, including payment and invoicing capabilities, mobile apps, reporting tools, automation features and customer service options. We also examined pricing structures, free trial availability and the software’s suitability for different business types and sizes.

When selecting the best accounting software for managing business and personal finances, we specifically evaluated how well platforms served solopreneurs and self-employed professionals who need to maintain separate but connected financial views. We prioritized ease of use, affordability, tax reporting capabilities and the breadth of personal finance features. You can read more about our editorial process here.

Bottom Line

We recommend Quicken for …

• Self-employed professionals, freelancers and solopreneurs who need to manage both business and personal finances in one affordable platform.
• Small business owners with straightforward invoicing and accounting needs who don’t require advanced features or multi-user access.
• Serial entrepreneurs managing multiple businesses or income streams who want to avoid paying for multiple subscriptions.

We don’t recommend Quicken for …

• Businesses with multiple employees who need collaborative access to financial data or require payroll processing.
• Companies with complex inventory management, advanced accounts payable needs or extensive integration requirements.
• Growing businesses that anticipate rapidly scaling beyond solopreneur status and need more robust accounting capabilities.