Yes, considering QuickBooks and Excel can be used to track your business transactions, invoice customers, and forecast earnings. However, where they differ is effort and skill level. QuickBooks is tailored to accounting and tracking income. It simplifies your bookkeeping and accounting; Excel requires you to test your mettle. An error in a function in Excel can result in cascading problems. You can quickly access the financial information you need with QuickBooks because it’s custom-built for accounting. Excel is a robust tool, but for business, what you need is quick access to accurate financial data.