Cheap Quicken 2004 Premier Home & Business (Software) (Windows 95, Windows 98, Windows NT, Windows 2000, Windows Me) Price

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Customer Reviews of Quicken 2004 Premier Home & Business

Here are some highlights and pointers:

1.Data entry is extremely fast. As soon as you start typing, Quicken guesses what you are going to enter and fills it in for you. Check book entries are effortless. This is the most important feature of any accounting system because sole proprietors should not waste time with data entry.
2.Credit card transactions are automatic. Get yourself a separate credit card for business transactions and download directly into Quicken. I have used 4 different cards and the best integration is the with Quicken Master Card. It also earns you about 1% in airline awards or gift certificates. Just click on "one step update" and you have all new transactions ready to review.
3.Bank reconciliation is completely done for you. You never need to go through a bank statement again, matching up transactions. Quicken "one step update" downloads new transactions and finds the corresponding entry in your check register. You just confirm or add if it is a new transaction. When the monthly statement comes, you enter the ending balance and Quicken figures out which transactions cleared. You rarely need to even look at the bank statement.
4.Reporting is simple. Just choose from dozens of pre-designed reports and make small adjustments if needed. You can also export any report to modify it in Excel or Word if you prefer.
5.Invoicing is simple and quick. Just create descriptions for each service you offer and invoicing is a snap. Quicken tracks which invoices have been printed and tracks receivables effortlessly.
6.Tax reporting is easy. You can instantly produce a Schedule C and if you also purchase TurboTax (which I highly recommend), you can import data directly into your tax forms.
7.Manage cash between multiple bank accounts. If you choose a bank that is supported by Quicken, you can easily move funds between checking and savings.

A few pointers for using the product.
1.Don't confuse this product with other Quicken products such as Quicken Deluxe or Quicken Premier.
2.Intuit also produces QuickBooks, which is not a product I recommend. If you need the power of QuickBooks, there are other applications available that may be better.
3.Don't combine your personal and business financial data in one file. Quicken recommends you do this but you definitely should not. Instead, set up your personal Quicken file first. Then from the main menu, select File/New/New Quicken File. It is very easy to switch between your personal file and your business file and you will not have any problems with reports, tax forms etc. if you keep them totally separate. You do not need to purchase additional software licenses to have multiple files. I have 3 businesses and one personal file on my copy of Quicken Home & Business.
4.Create a liability account called "owners draw". Quicken does not explain this well, but this will become your owners equity account on your balance sheet. When you draw funds from the business (unless you do it through payroll), you assign the check or transfer to "owners draw" and this will accumulate on your balance sheet to show the true net worth or your business.

I wish that I read the reviews first
I tried to install this program a couple of days ago and was prompted to uninstall the previous version (Quicken 2002 Deluxe). I chose to do so. At the end of the installation process, I got the error message "Your program files may have been damaged. You will need to reinstall Quicken." I uninstalled using Add/Remove Programs and reinstalled with exactly the same result.

At that stage, having looked in vain for help on the Intuit site -- the solution to this error message did not work for me -- I went elsewhere and found dozens of negative reviews. Intuit seem to have hit rock bottom with this product.

So I decided to go back to using Quicken 2002, but of course it had been uninstalled and I can't find my original CD. So I chose to use the Windows XP System Restore function to roll back the clock. But although Quicken 2002 reappeared, my Quicken file no longer seems to work properly. The screen freezes and flashes when I switch from one account to another.

I called Intuit this morning and described my scenario. They offered to replace my Quicken 2002 at a total cost of $20 plus. It would take them two days to get it out of the warehouse and a further 7-10 days for shipping. Shouldn't they provide a free downgrade when their buggy software doesn't work?

I have been very impressed with this software.
This is first time I have used Quicken, and I am impressed with the sophistication of the software. It is very cool. Balancing my check book is easier then I thought, as well as, updating my investment portfilio. I did have to upgrade to a preffered online bank account to get automatic updates though. That cost about $3/month, but worth it. For my bank, online bill pay is another $3 more for 10 bills per month. Some investment accounts will not download to your quicken but the quotes will. Also, you definetly need to read Quicken 2004 for Dummies. It can take about 20 some hours to learn the majority of the programs with the book. I wouldn't even try without it. Once you learn it, if you have the time, it is worth it. At least so far for me. I just put in about 20 plus hours with it so far, and I haven't done too much on the business side, such as payroll. Good luck.