Switching to Business and Personal

Question

I have been using Simplifi for over 3 years and consider it the best on the market. I have been using Neat for too many years to count and I think the user interface sucks, it forces you to click 4 times when it should be one click. I think I would like to switch to Quicken Business. I am retired and use my retirement to operate a small cattle farm at a loss but I have a lot of tractors. Neat does a fair job of creates in a receipt record using OCR and files (PDF, jpeg, .ect)  I have review and add tax. I can down a report by tax code.  Looks like I can switch to Quicken business for less than 30 dollars a year. Can anyone give me pros and cons on switching. I know I need to download my receipts, if I drop Neat, Is 7 years all I need to download? I think I can upgrade and keep current transactions. Any advice? Thanks in advance

Coach Aldair · Answer

Hello @N4KHQ,

Thanks for providing those additional details! Based on what you've described, I think Quicken Simplifi Business & Personal may be worth exploring as an alternative to Neat, especially since it includes features specifically designed to help manage business expenses and prepare for tax time.

A few features that may be particularly useful for your workflow:

* Expense Receipts: You can scan or upload receipts, and Quicken Simplifi automatically extracts available information to help populate transaction details. You can also attach receipts to existing transactions.
* Receipt Splits: You can generate transaction splits directly from receipt items and assign the appropriate business categories.
* Business Categories: You can organize expenses using business-specific categories, including categories that map to tax forms such as Schedule F.
* Tax Reports: Quicken Simplifi Business & Personal includes tax reports that can summarize your business income and expenses. You can select the Schedule C, E, or F view and export the report as a PDF or CSV.

Here are a couple of helpful articles with more information:

* Using Expense Receipts in Quicken Business & Personal
* Running and Exporting Tax Reports

Regarding your question about keeping receipts for seven years, I would recommend checking with your tax professional to confirm the applicable recordkeeping requirements for your situation. Also, while Quicken Simplifi retains receipt attachments as long as their associated transactions remain in your account, I would recommend maintaining an independent backup of your important tax documents rather than relying on any single service for long-term archival purposes.

One thing I'd suggest before discontinuing Neat is trying Quicken Simplifi's Expense Receipts feature with a few purchases. This will give you an opportunity to see how well the receipt scanning, categorization, and reporting fit your current workflow before making the transition.

I hope this helps!

Thanks!

N4KHQ · Answer

Thanks for the reply. I do not need to transfer data from Neat. I only need I have for Neat for a copy of my receipts if ever requested. I could export for backup, start using Receipts on Quicken and get part tax year from neat and the rest from Quicken. Even better just start using Quicken for receipts for the 2027 tax year. With Neat, I scan the or screen shop the receipt. Upload to Neat and wait for what seems like way to long to get a tax record completed. I add the schedule F tax code (Like Repairs & Maintenance). I organize receipts is a folder by tax year. Print a report that sum receipts by tax code. If the ever requested a receipt I could easily find it in Neat. I would like the drop Neat and use Quicken Business and Personal but want to be sure I am not making a mistake in switching

Coach Kristina · Answer

Hello @N4KHQ,

Thank you for reaching out! I'm not familiar enough with Neat to be able to give you a good comparison.

One obvious con is that there isn't an official tool to transfer data from Neat to Quicken Business & Personal. If you can export the data to CSV, you should be able to format the CSV file and import it that way. For information on importing using CSV, please review this article:

https://support.simplifi.quicken.com/en/articles/4413430-how-to-manually-import-transactions-in-quicken-simplifi

Are there specific features you use or reports you run? If you provide that information, I can check how those features/reports work in Quicken Business & Personal.

I look forward to your response!