YNAB's primary mission, as you might expect, is to help you curb overspending and avoid living from paycheck to paycheck. And perhaps you have more money than you thought?
Because, hey, if you don't want to spend every single penny you have and more, you absolutely do need one.
Learn more about QuickBooks Simple Start and get the free download.Just in case you need to be told explicitly what to do, along comes YNAB - short for You Need A Budget. If you use Quicken for managing personal finances and you frequently have small business accounting transactions, your best bet is to use Quicken Deluxe or Premier for personal finances and QuickBooks Simple Start for small business finances. When your business grows, QuickBooks Simple Start data will transfer to higher versions of QuickBooks with richer business accounting features. We recommend using QuickBooks Simple Start if you are very serious about your small business, and you have a plan in place for growth. QuickBooks Simple Start is better at quickly guiding you through small business transactions, where Quicken Home & Business works well for someone who uses Quicken for personal finances and who makes an occasional sale with a handful of customers.
Quicken Home & Business and QuickBooks Simple Start both address small business accounting needs, but QuickBooks Simple Start is a dedicated small business accounting software application, and it will better serve a growing small business. Quicken Home & Business or QuickBooks Simple Start? For example, if a check is written to purchase new equipment for the small business, an asset account needs to be established for the equipment.
The income and expense accounts look like categories to those familiar with personal finance software, but double entry accounting is not always as simple as recording a check. Categories: Quicken Home & Business uses income and expense categories, while QuickBooks Simple Start uses expense accounts and income accounts to classify transactions by standard double-entry accounting procedures.
Account reconciliations are handled somewhat differently in QuickBooks Simple Start, and while not difficult, the process is not as intuitive as it is in Quicken software.