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Quickbooks ?
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lorenk
Posted 1/10/2010 09:13 (#1014344 - in reply to #1013663)
Subject: RE: Quickbooks ?


Grand Rapids, MI
Illini, I am scratching my head because I also use both Quicken and Quickbooks and my recommendation is somewhat the opposite than yours. For your personal finances, especially stocks, mutual funds, etc. I would recommend Quicken. I do use Quicken for my personal finances and do like it.

For business use, I would definately recommend Quickbooks over Quicken. I do not recommend that farms keep thier books on anything but an accrual basis. Most will still want to report their taxes on a cash basis. Perhaps I am not smart enough, but I could not be effective running my business without accrual books.

The take home message is if you don't know accrual accounting, talk to your accountant, other financial advisor, consultant, friend with an accounting degree, etc. to help you set up a good accrual accounting system, and ask them what software they would recommend.

Edited by lorenk 1/10/2010 09:14
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