Multiple Business accounts (edited for clarity)

timberwolf4156

I have used Quicken for personal and for 1 business account but now I need to track 1 personal account and 3 businesses ! What is the best way to set this up ?

Frankx

Okay, and assuming that there isn't much crossover of transactions, it should be less complicated by keeping them separated.

Unless there is some reason to move (or remove) the 1 business that you've been tracking in your current Quicken file, I would suggest that you just leave that as is. 

You will then need to start two (2) brand new Quicken data files - one file for each of the other 2 businesses.  This "fresh start"approach is particularly appropriate for new businesses or the purchase of a business with a complete change in control. 

As an option, if you believe that you'll be using a lot of the accounts and/or categories, customers, or vendors, etc. that you currently have setup in your current Q file, you could also take the approach of making one or two copies (in Quicken - not windows) of your current Q data file to be used as a "starting point" for the two separate businesses.  If you take this approach, you'd have to delete accounts and historical data contained in accounts, etc.as opposed to adding new accounts, categories, customers, vendors, etc.

If you will be transferring cash, assets, liabilities or debt out of your current Q file (and its accounts) to either one, or both, of the other two businesses, you'll have to enter those transactions twice - once in your current Q file and again in one of the two new Q files, because you can't do transfers between Quicken files.

Also, you didn't mention which version of Quicken you are using, but if it isn't Home & Business I would advise you to consider upgrading to H&B because I think it will make your life easier in the long run, especially with 3 businesses.

That's the view from 10,000 feet...  I am sure that you'll have questions, so feel free ask away.

Frankx