How to put business transactions into business categories?
How do I put transactions into business categories? I am making new categories for my business. Everything keeps going into the personal categories. I make sure I have clicked business expenses/income but it automatically goes into personal. Help!
Do you have Quicken Home& Business? Business categories should be linked to a Schedule C tax item or have a business tag.Quicken Subscription HBRP - Windows 100
I have Quicken Deluxe 2019 which the business categories are listed. I make sure I am in the business/income category when I make a new category for business. When I go to the category list, what I put in for business has been put into personal expenses/income.0
I don't think Quicken Deluxe 2019 supports business categories. From the Quicken web-site under Quicken Plans Home & Business, "Separate and categorize business and personal expenses".Quicken Subscription HBRP - Windows 100
It says on the Quicken Deluxe 2019 description that this version easily categories personal and business which it does list business expenses/income and personal expenses/income. All of my stuff automatically goes into personal. I wanted to know 1. how to keep it from doing that. Is there a default setting and if there is how do I get to it. 2. how to switch the transactions over to business from the personal. Thanks
In Q, a category (no matter what it's name, or intended use) is ONLY a "business" category when it's tied to a business tax line.So, you can set up your own tax lines in Deluxe, but Q won't recognize them a "business categories", and there's no business specific reports in Deluxe.Q user since DOS version 5
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP0
Scooterlam SuperUser, Windows Beta BetaFWIW, Here is how I structured schedule c expenses when I added a business. In the category list, as mentioned, you can tie a category to a tax line under the action column by clicking the arrow icon and selecting edit. Then, click the "Tax Reporting" tab, check the "tax related category" box and in the pull-down, select the appropriate tax line item you want associated with that category. I am using QW, Home and Business Version. Not sure about Deluxe.FYI. There is no tax line for depreciation so I tied "unspecified business expense" tax line to my depreciation category.Seems to work well for me to keep me organized.Scott
This discussion has been closed.