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Our treasurers have used both and it's the general consensus that Quicken is just much better.
You can do it in Excel, but there's a lot of unnecessary manual work and several places to make mistakes. By using a specific tool like Quicken, there's no room for mistakes to happen. It also automates a lot of stuff.
Sure, you should learn how to use it, but once you get it, it's just so much better.
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