accounting question?

Question

I am new in accounting and am trying to get all the form you need. I want to buy quicken home and business and i know it has all these bells and whistles but i was wondering if it has like the stuff i really know how to work will well like worksheets, journals, income statement and balance she and post closing trial sheets and things like that.

Answer 1

QuickBooks will have more of what you are looking for when compared to Quicken, but remember both of these programs are designed for non-accounting types to be able to use so there is a lot of built in menus that isolate the user from the accounting that goes on behind the scenes.

QuickBooks will allow you to invoice, collect and post cash, set prices and margins, as well as setting up payables and accruals for payroll and taxes. It will generate profit and loss statements as well as cash flows and balance sheets.

There is some accounting that can be done, but most of the hard core stuff is buried deep behind the menu interface.

If you're looking to pick-up more of a "real" accounting feel you may want to consider Peachtree Accounting. It's a little more focused and designed for bookkeepers and accountants. It has a good user interface and can insulate you from the t-accounts and debits and credits as well as QuickBooks, but if you really want to hone your skills this may be the path.

Good luck.

Answer 2

Quicken is a good product but I think QuickBooks will have more of the types of forms you need.