Difference Between Mint vs QuickBooks

The process of managing finances is important for both individuals and businesses since it facilitates the planning of future occurrences. Currently, there are several applications available on the market that may help users manage their accounts and funds efficiently. Worldwide, people and businesses utilize programmes like Mint and QuickBooks to handle their accounting and budgeting requirements.

This article will provide you a thorough overview of QuickBooks, Mint, and their features. The Key Differences between Mint and QuickBooks will also be highlighted. Continue reading to learn more about Mint vs. QuickBooks.

Key Difference Between Mint and QuickBooks

Industry-leading software from Intuit, including QuickBooks and Mint, provides a variety of features and capabilities to help people and businesses manage their finances. However, these platforms have vastly different functions and capacities when compared to one another. Below are a handful of the most significant distinctions between Mint and QuickBooks, or Mint vs. QuickBooks.

1. Purpose Between Mint and QuickBooks

To manage their income and savings, people all over the world use the personal finance and budgeting app Mint. Individual business owners and organizations of all sizes use QuickBooks, a complete accounting and bookkeeping programme, to manage their business accounts and money. As a result, each platform is designed to serve a unique purpose.

2. Features of Mint vs. QuickBooks

Users may easily manage their personal money with the use of Mint’s features, which include budgeting calculators, bill monitoring, bill reminders, a free credit score viewer, taxation tools, automatic transaction categorization, and many others. In comparison, QuickBooks provides functions like raising invoices, tracking sales, categorizing taxes automatically, business reporting, and payroll management that meet all of a company’s accounting needs.

3. QuickBooks vs. Mint: Customer Support

Except for a tiny FAQ section, Mint offers no customer support to its users. In contrast, QuickBooks has a customer service center open around-the-clock to assist customers with any questions about its products or services. Customers of QuickBooks can contact customer service through a variety of modes, including call, chat, and email. On the QuickBooks website, there are video training and FAQs that customers may use to get their questions answered.

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    Transacting from QuickBooks Self-Employed to Mint

    Do you manage sales and costs for your freelance employment using the Mint app? Your transactions from Mint can be easily exported and imported into QuickBooks Self-Employed.

    Step 1: How to Import Your Transactions Into QuickBooks as a CSV file.

    1. Transactions from Mint exported
    2. Register with Mint.
    3. Activate the Transactions link.
    4. Move to the bottom of the Transactions page by scrolling down.
    5. Select the link for Exporting All Transactions.
    6. Save the file after downloading it to a convenient location, such as your desktop. “Transactions.csv” is the name of the file.

    Step 2: Import Transactions into QuickBooks Self-Employed

    1. Open QuickBooks Self-Employed and log in.
    2. Select Imports after choosing the profile icon.
    3. The You can import transactions link should be chosen. If you don’t see this link, choose Import earlier transactions for your Cash account or the account you wish to transfer the transactions to.
    4. After choosing Browse, choose the “transactions.csv” file that you got from Mint.
    5. To upload the file, adhere to the on-screen instructions.

    Step 3: Is to Sort the Imported Transactions by Category

    Your transactions from Mint are now visible in QuickBooks Self-Employed. Observe the instructions to categorize them so they appear in the appropriate accounts.

    You must categorize each transaction that you enter into QuickBooks. This includes transactions that you manually enter or download from an online bank account.

    A: Sort a transaction on a web browser by category:

    1. Move to the Transactions menu.
    2. On the list, look for a transaction.
    3. If the transaction was personal or business-related, choose Business. Select Split if both transactions were involved.
    4. View the Category column to review the category. QuickBooks makes an effort to classify your transactions.
    5. Select the category link if you need to alter the category. Choose a broad type, then a more specific category.
    6. Click on Save

    B: On an iOS device (iPhone, iPad), an Android device (phone, tablet):

    1. Go to the Transactions menu if you’re using an iOS device. Select the menu icon on your Android device, then choose Transactions.
    2. On the list, look for a transaction.
    3. To classify it as either business or personal, swipe left. 
    4. Select the transaction, then choose Split if the transaction combines both.
    5. Review the category QuickBooks has chosen in the banner as you swipe. 
    6. Select the category link if you need to alter the category. 
    7. Then select a different category.

    Conclusion

    Both Mint and QuickBooks are highly regarded and advised Intuit products that offer a variety of powerful capabilities to assist users in their accounting responsibilities. However, because they serve a variety of requirements, the platforms have various user bases and target audiences. While Mint is ideal for personal budgeting and financial management, QuickBooks is the greatest platform for doing accounting operations for businesses. Businesses can choose the best product for their needs using the distinctions between Mint vs. QuickBooks.

    Frequently Asked Question

    1. How can Recategorization be Done for any Transaction in QuickBooks?

      Follow these simple steps mentioned below:
      A: If using a web browser:
      1. Head over to the Transactions menu.
      2. Locate the transaction that needs editing.
      3. To expand the transaction, select the icon.
      4. Add remarks, change the transaction’s name, or include a receipt.
      5. Select the link in the Type or Category column to switch the category. choose a new category next.
      6. When finished, choose Save.
      B: On an iOS device (iPhone, iPad), an Android device (phone, tablet):
      1. Go to the Transactions menu if you’re using an iOS device. Select the menu icon on your
      2. Android device, then choose Transactions.
      3. Choosing the Reviewed tab.
      4. Choose the transaction that needs editing.
      5. Choose Edit.
      6. Modify the category or the specifics.
      7. When finished, choose Save.

    2. What is the Process to Resubscribe to QuickBooks self-Employed?

      Did you end your membership to QuickBooks Self-Employed? You can use the same account and continue using all of your current accounting information if you decide to renew your subscription within a year.
      A: On web browser:
      Simply sign in to QuickBooks Self-Employed using a web browser. As soon as you login in, you should be given the option to resubscribe. If not, repeat the process below to resubscribe:
      1. Open QuickBooks Self-Employed and log in.
      2. Choose the profile icon, then choose Billing information.
      3. To view various subscription kinds, including the TaxBundle, select View options.
      4. Choose Subscribe.
      5. Check the billing and payment information.
      6. Choose Subscribe.
      B: On an iPad or iPhone (i0S)
      1. Open the QuickBooks Self-Employed app and log in.
      2. A profile icon should be chosen.
      3. Choose Settings.
      4. Choosing Subscription
      5. Examine your subscription choices. Select Subscribe now after that.
      6. Confirm by following the instructions for your app store (iTunes).
      7. Your order details will be included in a confirmation email from us. A confirmation will also be sent to you via the app store.
      C: On a tablet or Android phone
      1. Open QuickBooks Self-Employed and log in.
      2. Decide on the menu icon.
      3. Choosing Subscription
      4. Examine your subscription choices. 
      5. Select Subscribe now after that.

    3. How to Change your QuickBooks online email id and password?

      Find out how to update or reset your QuickBooks Online password, user ID, and email address. Follow the steps:
      1. Open QuickBooks Online and log in.
      2. The profile icon is located next to Settings.
      3. To access the Intuit Account Manager, select Manage your Intuit Account.
      4. Pick Security & Sign in.
      5. Choose the Phone, Email, Password, or User ID area.
      6. Change as you see fit.
      7. When finished, choose Save.
      Note: If your email address changes, be careful to update it in QuickBooks’ Manage users area as well. This guarantees that you’ll keep getting emails related to your QuickBooks subscription.

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