Quickens has been running from the 1990′s for all successful business persons whose ambitions are too high to become a “TYCOON”. It not only helps to focus on managing the debt but also show an accurate picture of money transaction. Quicken is basically a Accountant software which offers basic accounting packages that are held in High regards by Small Business Owners, Independent Accountants & tax Professionals and Sole Proprietors. These Accounting packages that is being offered by Quicken can meet the needs, starting from Household to Freelancers.
It views your personal and business finance all in one place and categorizes the expenses as business or personal. It allows you to know the performance of your business by viewing the flow chart of your profit & loss. It helps you to track all of your income and expenses in one place.It helps you to manage your Bank Accounts,credit cards & loans. It simplifies your business performance for you to know, by tallying the reports of profit & loss, by downloading your income and expenses reports from your Banks and Financial Institutions. This Software offers three way management, they are Business Management, Budgeting & Household Management and Savings Management.
1. Business Management
Small Business owners, Sole Proprietors and Freelancers can use the Accounting features of Quicken, in setting up number of journal accounts and ledger reports in order to manage their official affairs productively and more efficiently. This software allows easy entry of amount or capital received or expenditures incurred and even depreciation in the value of any assets that is related to the Business which includes Computer Depreciation, automobile depreciation office assets depreciation (Furniture, Building, etc) and more. This software is also smart enough to calculate automatically the expenditures made on any item that is related to the business venture and can even correctly apply the expenditures countered together with Business statements which reflects the Productivity of a business venture.
With addition to the above mentioned management of Business transactions, Quicken can even create financial statements which reflects the Profit & Loss, Cash Flow, and other investment details which can be distributed for analysis to investors or can be shared with legal authorities for duties.
This Software can also be used in filing taxes which is a bit easy for small business ventures or freelancers. Quicken uses Intuits Turbo Tax to complete the necessary tax returns on an annual basis even keeps a check upon the payment of tax i.e. quarterly employment taxes or self-employment taxes based on business activity.
2. Budgeting & Household Management
This new updated version of Quicken lets the user to add Bank accounts which lets the Software to retrieve Bank Transaction details and also lets the user to keep a check on the bank account information directly through the Quicken Dashboard. quicken can download deposits, electronic payments, debit cards payments, cheque, wires and other details.
Quicken in addition to all the above mentioned also lets the user to to set up payments of monthly bills like mortgages, loans, emi, credit card payments, and many more. It also lets the user to upload or add new payments and also lets the user to import payee information via online banking details that is previously set by the User.
These additional features of the Quicken software lets the user to manage household expenses and payments quite easily. This software also lets the user to view the transactions summaries in form of Pie Charts, Tables or Graphs which helps the user in analyzing the expenditure details clearly and easily and make the user aware about where his/her money is going.
3.Savings Management
Quicken not only records the old transactions but also help the user in managing the household budgets, which lets the users to set his/her future savings goal. Quicken also allows the user to set how much he/she wants to save pee week, month or year in order to fulfill his/her retirement goals. It also lets the user to create different kinds of saving accounts which includes Pensions, assumed social security, 401(K) Accounts, IRA, certificates of Deposits (CD) and many more. This Software also automatically transfers the money to those savings account. This automatic feature makes the user to be worry free.
This software also lets the user to save money and set different goals such as cars, Real Estate, vacations, College, and many more.This plan also lets the user to reduce and get rid of current debt.
Conclusion
It maximizes your deduction and expenses and simplifies your taxes by showing your tax deduction status throughout the year and creates Schedule report for your account. It customizes your plan by setting automatically the budget goals which you have spent in the past. Quicken also provides reminders for your previous bills and alerts you for the upcoming bills for avoiding due fees. It helps you to reach your goal by showing your financial picture. It guides you in mutual funds by sowing you the best fit for your investment management goals. Staying connected with Quicken’s Live Community,helps you to solve your anxiety by showing the advice from other Quicken users without ever leaving Quicken. It also helps you to convert currencies into US dollars.
This software is a final solution for persons who are very busy to spend time on their accounts, savings & expenditure details. This software shall let these persons in maintaining their accounts pretty well as well as let them to achieve all financial goals. This software’s graphical representation of savings and expenditure helps the user in taking important financial decisions.
Watch the Video showing the working of Quicken Software
Systems Requirements
- Processor- 1 GHz
- RAM- 1 GB
- Operating System- Windows XP,Vista,Windows 7 (32-and 64-bit)
- Hard Disk Space- Up to 450 MB free Space up to 1 GB if .NET not installed
- Display- 1024 x 768 or higher resolution
- CD-ROM Drive- Required
- Internet- 56 Kbps (broadband recommended for online services)
- Additional Software- Microsoft.NET 2.0 or later (included in Quicken Installer) & Windows Installer 3.1 (included in Quicken installer)
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[...] What you think after reading the above headline, yes that’s true a software can plan about all your Financial plans. This software is known as Quickens helps to focus on managing the debit and show an accurate picture of money transaction. It is an Accountant software which offers basic accounting packages that are held in High regards by Small Business Owners, Independent Accountants & tax Professionals and Sole Proprietors. The software shows your personal and business finance all in one place and categorizes the expenses as business or personal. It also show the flow chart of your profit & loss and helps you to track all of your income and expenses in one place. Just read this article here. [...]