Chapter 17. (Slightly More Than) Ten Questions I'm Frequently Asked about Quicken

In This Chapter

  • What are Quicken's best features?

  • Does Quicken work for a corporation?

  • What happens to stockholders' equity in Quicken?

  • Does Quicken work for a partnership?

  • Can I use Quicken to track more than one business?

  • What kinds of businesses shouldn't use Quicken?

  • Can I use Quicken for my real estate investments?

  • Can I use Quicken retroactively?

  • Can I do payroll with Quicken?

  • Can I prepare invoices with Quicken?

  • Can I import data from my old accounting system?

  • What do you think of Quicken?

When people find out that I've written a book about Quicken, they always ask a question or two. In this chapter, I list the most common questions and their answers.

What Are Quicken's Best Features?

Quicken has become more and more complicated over the years, so I think it may be fair to include a few sentences that review its most valuable and least valuable features. As far as what's best or most valuable, I would say that its checkbook feature is still clearly the most valuable. If you should use one feature in Quicken, it's the checkbook stuff. (To do so, set up a bank account for your checking account as described in Chapter 1 and then use Quicken to keep track of your balances, income, and expenditures as described in Chapter 4.)

I also have to say that I think that Intuit, the maker of Quicken, provides pretty neat stuff at its Quicken Web site, so I'd give that feature my vote as the second best. I don't talk about ...

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