While Quicken Simplifi and Quicken Classic offer similar abilities, such as the ability to automatically download and categorize transactions, as well as the ability to create Recurring Bill Reminders, there are some critical differences.
The most notable difference between the two is that Quicken Simplifi is entirely web-based, meaning there isn’t a desktop application that needs to be installed. Instead, you can access Quicken Simplifi through any supported web browser or download the Quicken Simplifi Mobile App to use on your mobile device. As long as you have access to the internet, you'll have access to Quicken Simplifi!
Below, you'll find more examples of how Quicken Simplifi differs from Quicken:
Quicken Simplifi only offers one connection method, similar to what Quicken Classic refers to as Quicken Connect.
Quicken Classic offers multiple connection methods, such as Express Web Connect (Quicken Connect), Direct Connect, and Web Connect.
Quicken Simplifi offers a different approach to budgeting. Quicken Simplifi creates a Spending Plan automatically based on the Recurring Income, Bills, and Subscriptions you've set up, leaving the money that's left over as available to budget or save for other items, or to spend as desired.
Quicken Classic offers a traditional category-based budgeting system where you set amounts for spending in each category. In addition to being highly customizable, Quicken Classic's Budget allows you to set different values for each month, rollover leftover money, and more.
While you can connect to your various Billers and receive updated due dates and amounts, Quicken Simplifi does not offer a Bill Pay service of any kind.
Quicken Classic not only uses your bank’s Bill Pay option, but Quicken Classic's Bill Manager also offers Quick Pay and Check Pay services.
Quicken Simplifi does not offer any tax planning abilities outside of tracking tax-related spending and income transactions.
Quicken Classic offers detailed tracking of taxable and tax-deferred accounts, exporting abilities to tax-related software, and more.
Quicken Simplifi does not offer any business or rental property tracking abilities.
With Quicken Classic Business & Personal, you can track your rental property income and expenses, create invoices for your business, and much more.