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Is my whole account set up wrong - Personal & three different Business

Should ALL my accounts for personal (with various CC's), business 1 (retail shop with separate bank account and CC's), business 2 (personal brand and merch within the shop with its own CCs and bank account) and business 3 (an Llc. for a rental property-with it's own cc and bank account) be in the same overall Q account? Meaning...that I would have access to, and see ALL these above items along the left side after log on?
Reason: Once in a while purchases are made from the incorrect account. Right now I have these entities in 4 separate files within Q. So for instance I open Business 1, work on it independently from the rest. Then I open business 2 and so on. But when I make a mistake with purchasing from the wrong account I've been manually entering it into the correct account, and deleting it from the wrong account...OR writing a check from the right account to the wrong account with memo. But if they were all in the same file, I could simply "reassign" the account from the drop down to rectify...correct? But since mine are all in separate files, this is not possible.
Would there be a way to merge them all? Is this a bad idea? Pros/Cons? Is this a Bookeeping 101 question and you're annoyed just reading this because it has nothing to do with Quicken, but more to do with my inept management skills?
I've somehow GOT to get through this to do taxes. Any suggestions welcome! Maybe there are some links to good (pedestrian) Quicken set up videos that fit my profile? TIA : )
Reason: Once in a while purchases are made from the incorrect account. Right now I have these entities in 4 separate files within Q. So for instance I open Business 1, work on it independently from the rest. Then I open business 2 and so on. But when I make a mistake with purchasing from the wrong account I've been manually entering it into the correct account, and deleting it from the wrong account...OR writing a check from the right account to the wrong account with memo. But if they were all in the same file, I could simply "reassign" the account from the drop down to rectify...correct? But since mine are all in separate files, this is not possible.
Would there be a way to merge them all? Is this a bad idea? Pros/Cons? Is this a Bookeeping 101 question and you're annoyed just reading this because it has nothing to do with Quicken, but more to do with my inept management skills?
I've somehow GOT to get through this to do taxes. Any suggestions welcome! Maybe there are some links to good (pedestrian) Quicken set up videos that fit my profile? TIA : )
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Best Answer
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NotACPA SuperUser, Windows Beta Beta
The 1st question is: Does your shop file it's own tax return ... or is it reported on your personal IRS 1040?The general principal(s) is that a Q data file should represent a single tax entity AND that your accounts in Q should mirror the real world.IF the shop files it's own tax return, it should be in a separate Q data file.Q user since DOS version 5
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP1
Answers
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP
Assuming I keep them in 3 seperate Q accounts, what is the best practice for rectifying charges made to the wrong account? I suppose I could just delete the transaction from one account and add it to the correct account but this scares me a little. Seems I should have the original charge/transaction there to view if needed?
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP