Agricultural Bookkeeping: Quickbooks Or Quicken
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14Computerized Farm Records
Peg Brune ~ Dodge, NE
402-693-2801
Email: brune@skyww.net
Agricultural Bookkeeping: Quickbooks or Quicken????
Accounting:
Accountants prefer Quickbooks, mostly because a lot of them use it and are familiar
with it
Quickbooks – Double entry system (always need an offsetting account for transactions)
Quicken – Single entry system (Don’t always have to have a category or transfer
account)
Quickbooks – Automatically carries over net income to retained earnings (equity) the
following year as part of your P&L and balance sheet.
Both programs track cash or accrual basis on reports
Payroll:
Quickbooks – Better for payroll, tracks wages/salary/payroll taxes
Quicken – Manually set up categories to track payroll
Inventory:
Quickbooks- Not user friendly, although if used correctly very accurate and up-to-date
Quicken – Very easy, open new account for each type of inventory, update as often as
desired – Does not affect your bank accounts
Ease of Use:
Quickbooks – Nice flow chart to pick task to perform
Quickbooks – Balance sheet takes working knowledge to keep updated & accurate
Quicken – Very user friendly, menu navigation, customizable quick buttons for getting
around
Recommendation:
Quicken - Farmers
Quickbooks – Businesses, Lots of payroll or Corporations
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