Tax Preparation and Reporting
Overview
Quicken helps you prepare for tax time by keeping your financial data organized throughout the year. When transactions are categorized consistently, your year-end reports and summaries are more accurate—and easier to share with your tax preparer or use for filing.
Quicken Simplifi focuses on personal finances.
Quicken Business & Personal manages both business and personal finances in one place, while keeping them separate for cleaner reporting and easier year-end review. It also includes additional tax-focused reporting tools for business owners.
Why Tax Preparation Matters
Year-end tax preparation is easier when your financial records are accurate and complete. Quicken helps you:
Summarize income and expenses for the year using reports and totals
Track deductible expenses year-round instead of sorting everything at tax time
Separate business and personal activity for clearer reporting
Keep documentation organized by storing receipts with transactions
Capture mileage deductions with integrated mileage tracking
Estimate quarterly taxes based on actual income and expenses (if available)
Generate reports your tax preparer needs for faster filing and review
Tip: Reports are only as accurate as your categories. If transactions are Uncategorized or miscategorized, your year-end totals may be off.
How Tax Preparation Works
Quicken Business & Personal supports tax tracking by organizing your financial activity as it happens:
Categories identify what each transaction was for (such as Office Supplies, Travel, or Business Income)
Splits let you divide one transaction across multiple categories (helpful for mixed business and personal purchases)
Tags add extra context, like a client, project, or reimbursable expense
Receipts can be attached to transactions for documentation
Mileage tracking helps you log deductible business miles alongside the rest of your financial data
Reports summarize your income and expenses using tax-related categories and line items
Tip: Categories are the foundation. If transactions are Uncategorized or miscategorized, your reports and tax summaries won’t be accurate.
Note: Quicken Business & Personal and Quicken Simplifi provide tools to help you organize tax-related information, but it does not provide tax advice. For guidance on deductions or filing requirements, consult a qualified tax professional.