My accountant has strongly suggested I move my business-related financial accounting out of my personal Quicken file and into QuickBooks. It has been a slow process so far, and I have determined that I have not done a great job of separating my business finances from my personal finances.
QuickBooks 2010 was released yesterday. The software comes in a number of different flavors and the variety is a bit intimidating. I downloaded the QuickBooks Simple Start Free Edition in order to get started, but this edition of the software is limited to the point that it is insufficient for me. The Free Edition is limited to only twenty customers. In this version there is no connectivity with banks. While a very basic business could get by with these features, even running websites requires something more robust. One feature I would have liked with the free version, or the $100 (on sale for $80) QuickBooks Simple Start, is the ability to enter my bills as I receive them.
If you’re serious about keeping your books, it looks like your best bets are QuickBooks Pro ($200 on sale for $160) or QuickBooks Premier ($400 on sale for $320). You can also find editions of Pro and Premier that allow more than one user to access your data at the same time for an additional price.
Intuit also offers one version of QuickBooks for Mac.
My accountant says he has a few clients who upgrade their version of QuickBooks every year, so in order to complete their tax returns, he must also upgrade every year. It looks like I’d be best suited for QuickBooks Pro but I want to do as much as I can in the free version of Simple Start.
There are too many flavors of QuickBooks to list, but you can find discounted prices on all Intuit QuickBooks products here.
Consumerism Commentary is an authorized affiliate of QuickBooks and Quicken.
Updated March 21, 2011 and originally published September 29, 2009. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.