When choosing between Quickbooks and Excel, you might find yourself in a hot seat.
To help you, here are some guiding questions you can answer:
- How much freedom do you want inside the program?
- Do you want to design your own tabular forms?
- Are you looking for ready-to-use accounting software?
- Do you need more advanced graphical representations?
Excel is like a jack of all trades. You can make it into whatever you like. As for Quickbooks, it’s only made for accounting purposes.
To some, that might be limiting. For others, that’s a relief. Not everybody has the time nor the need to create everything themselves.
If you like the freedom to do whatever you want with your financial data, choose Excel. If all you want to do is to simply (or quickly) input your financial records, Quickbooks is for you.
Go with Quickbooks if you’re all into accounting and additional related features like invoicing. The software’s integration with other apps will make your financial life better.
If you need to come up with sophisticated graphs and charts, use Excel. Quickbooks only has graphs specific to accounting.
Microsoft Excel is included in the Office 365 Suite.
But if you want Excel alone, you can buy it as standalone for $129.99.
Quickbooks costs from $5 to $475 per month depending on your needs.