Quicken, a leader in personal finance software, has introduced Quicken Business & Personal, an innovative application designed to integrate personal and business financial management into a single platform. The app aims to address the challenges faced by freelancers and small business owners who traditionally manage separate tools for their financial needs.
Quicken Business & Personal allows users to manage multiple business and personal accounts within a single, intuitive application. From invoice tracking to investment tracking, the platform consolidates financial tools, allowing users to make more informed decisions while eliminating the need to juggle separate solutions.
“From our 40 years of experience serving tens of millions of customers, we know it has always been a challenge to manage users’ finances with business activities combined with their personal finances,” said Eric Dunn, CEO of Quicken. “Quicken Business & Personal was designed to address this problem, providing the best personal finance tools along with broad, modern business financial management capabilities that allow users to view their financial picture both holistically and separately.”
The app provides tools to help users manage key financial activities more efficiently:
- Organized transactions: Automatically classify business and personal transactions, with custom tags and categorization rules. Mixed purchases can be easily divided into business and personal costs.
- Integrated financial views: Offers side-by-side views of personal and business finances, with tools to track transfers and set reminders.
- Improved cash flow management: Simplifies invoicing and expense tracking, with auto-populating invoices and dashboards to monitor payment statuses.
- Simplified tax preparation: Track income and expenses throughout the year, generating tax-ready reports such as Schedule C or E forms and income statements.
- Personal finance tools: Includes Quicken Simplifi features, allowing users to set savings goals, track investments, and plan for retirement.
With more than five million new business applications filed annually in the U.S. and more than one-third of Americans earning income from secondary sources, financial management remains a significant challenge. A recent Quicken study found that half of Americans with multiple jobs struggle to track their sources of income, and nearly half believe there must be an easier solution.
Quicken Business & Personal addresses these pain points by streamlining financial management and giving users a comprehensive view of their finances.
The new Quicken app is designed for freelancers and small business owners who need a comprehensive yet intuitive tool. By reducing time spent on accounting and offering detailed information, Quicken Business & Personal aims to help users focus on building sustainable businesses and achieving financial goals.