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Equity Accounts-Partners

Quicken (now that quicken it is not part of intuit and does not need to push quickbooks) the home and business rental property should allow for equity owner accounts and retained earnings, as most even tiny small business activities are done as LLC and partnerships and not only as sole proprietors.

Comments

  • KD12
    KD12 Member ✭✭
    I mean allow for keeping track of more than one owner's equity in a rental property or small home business, etc.
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Quicken is intended SOLELY for personal finances.  Even the H&B product is intended for your SOLE business.
    There are no, and I daresay never will be, "Owner Equity" accounts, as that breaks the entire concept of Q.
    You need Quickbooks.
    And, who owns Quicken is simply not material.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • KD12
    KD12 Member ✭✭
    You need to understand that Quicken was intentionally limited in the past as the same company had a competing product that they had purchased and developed (Quickbooks). Now they are independent of Intuit, and with minor tweaks they can retain users instead of loosing them to competitor Intuit. What is your reasoning for saying who owns in not material. Why would a venture funded new ownership not want to improve their product. Are you aware of a restriction that they accepted from Intuit not to compete for business? Are you just speculating?
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    "You need to understand that Quicken was intentionally limited in the past as the same company had a competing product that they had purchased and developed (Quickbooks)."
    And WHO is speculating here???
    Q & QB serve entirely different markets.  Q is personal, QB is business.
    Your partnership is a business.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
This discussion has been closed.