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EL1 2
ANSWERS: 1
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Quickbooks: small-business oriented. Uses a general journal internally, so true double-entry bookkeeping is feasible. They love to force you into upgrades by changing online banking protocols for no good reason. Quicken: personal-finance oriented. No general journal, uses "flat" accounts which can directly interact (i.e. debiting one account and crediting another), but this is just a link between transactions, it's not a real journal entry. This doesn't matter to most individuals. They love to force you into upgrades by changing online banking protocols for no good reason. Each new version contains a bunch of fluffy features that you don't need and a whole lot of new bugs that make you wish you could go back, except you'd lose the online banking. This is a company that needs some real competition.
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