Quicken

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Re: Quicken

Of course, speak with your accountant--but my accountant recommended QuickBooks Pro rather than Quicken. It will handle billings, estimates, payroll and inventory. The MOST important thing to remember is to take the time and/or invest the $$ to get it set up correctly in the first place. It will save you a lot of headaches in the future.

Norb
 
Re: Quicken

My accountant also recommended QuickBooks, and I am glad he did.

For minimal accounting you only need Quickbooks Basic. I started at basic then 3 months later upgraded to QuickBooks Premium Contractor edition. I never looked back to quicken again.

I highly recommend QuickBooks, even though its a bit pricey its well worth it.

Steve
 
Re: Quicken

Thanks for the feedback, QuickBooks Premium Contractor edition was the program I was thinking of buying.
 
Re: Quicken

I use Quickboos Pro 2004 for my business.
What are the features in the contractors edition that are not in the pro version?
 
Re: Quicken

Quickbooks contractor edition is the best product for electricians. Quicken is for personal finances.
 
Re: Quicken

But is QuickBooks Premiere Contractor Edition really worth it for those of us who are one-man shops? I don't really have inventory, and I use the cash method for accounting. It sounds like it would be a good product for larger shops, but perhaps overkill for a small operation like mine.

There's another product I recently noticed called Quicken Premier Home & Business. From what I've been able to gather, it sounds like that's the one I should go with. QuickBooks Premiere Contractor Edition is $499.95, while Quicken Premiere Home & Business is $69.95.

Anyone have experience with both products?
 
Re: Quicken

Originally posted by coppertreeelectric:
QuickBooks Premiere Contractor Edition is $499.95, while Quicken Premiere Home & Business is $69.95.
You get what you pay for.
Often true, but just because one is hundreds of dollars more than the other one doesn't mean it's the best choice, particularly if all the extra stuff in the expensive version is of no use to me.
 
Re: Quicken

I find many of the tools in QB Contractor to be quite help full. I am only a 3 man shop and I am glad I changed from Quicken to Quickbooks. If you do much T&M billing, or estimates you will be glad to buy QB. For one thing... with QB you can item price each part that you use on a job, e.g.

3/4" EMT
1/2" Romex Connector

and so on.

You keep all the prices within QB and when you need to write a T&M invoice all the costs are there with a simple click.

Also QB keeps track of all my customers, past and future projects and customer info. I do all of my accounting, and filing with QB also I print all my checks from the program.

I'm not trying to sell you the product. I just know how much work it took to move from Quicken to QB. Quicken, as most accountants will tell you is more of a personal accounting program as Quickbooks is meant for business.

I think both have free trials, I know QB does. Give them both a shot and see what fits.

I paid good money for QB and it has everything I need, Estimates, Invoices, Payroll, Tax forms and filing, material handling and reports up the but.

Try them both out with the free trial.

Steve
 
Re: Quicken

Just did some research this morning and found out that QuickBooks has a 60-day money back guarantee, but Quicken has no such deal. My computer has Quicken 2004 installed as part of the free software that comes with it, but it's clearly not something I'd use for the business.

I think I'll take the plunge and buy the contractor's edition. It's about $400 at Amazon.
 
Re: Quicken

I just listed my version on Ebay. It was the 2003 Quick Books Contractors eddition. Stoped using it because I don't like deeling with the books. Just pay an accountant to do the books and taxes. I don't know what's changes in the 2005 version.

Tom
 
Re: Quicken

My best advice is to use whatever your account recommends, since you can just give him/her the data disk when it comes tax time or whatever. Data portability to the accountant will save you mucho bucks versus the accountant keying in data.
 
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