 PR - Quicken® Vs. Quickbooks® For Farm/Ranch Financial Records (p418-426)Damona Doye No 345558, 18th Congress, Methven, New Zealand, 2011 from International Farm Management Association Abstract: Farm records are the foundation from which many on-farm decisions are made and offer invaluable insights into business strengths and weaknesses. Recordkeeping software enables users to quickly record, then sort and summarize records in a variety of ways. This paper briefly discusses U.S. farmer’s adoption and use of computers, then compares and contrasts the applicability of two popular commercial software packages for use in farm/ranch financial records. The features of Quicken® and QuickBooks® are highlighted and their advantages and disadvantages in supporting farm management functions are discussed. Both tools are relatively easy to use and flexible. For many U.S. farmers, Quicken® is an inexpensive alternative with advantages for producers who want to track both family and farm income and expenses and/or have off-farm investments. For larger producers with multiple employees and/or the need to invoice and track accounts payable/receivable, QuickBooks® is clearly superior. Teaching materials available for each are discussed. Mention of a specific product does not imply endorsement. Keywords: Agricultural; Finance (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:ifma11:345558 Access Statistics for this paper More papers in 18th Congress, Methven, New Zealand, 2011 from International Farm Management Association Contact information at EDIRC. |
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