Business Tab

Animatordave
Animatordave Member ✭✭
Hello, I'm trying to set up my account to track my personal and business transactions separately, but I can't seem to find or show the BUSINESS tab in my application. Does anyone know where it is located?

I have Quicken Home & Business Version 6.5.1 on macOS 11.4

Best Answer

  • jacobs
    jacobs SuperUser, Mac Beta Beta
    Accepted Answer
    volvogirl said:
    And everything that goes on the same tax return, like your personal and self employment business Schedule C and your spouse's income,  should be in the same Quicken Data File.   If you file a separate business return like a 1065 or 1120 then that should be in a separate Data File.  
    @volvogirl I agree and disagree. ;) If there's a separate corporation for the business, there's no doubt separate Quicken files should be used. But if the business is something you report on a personal Schedule C, you might still want to maintain a separate file for the business. I know I would not have wanted to co-mingle tracking my wife's business income, expenses and assets in our personal Quicken data file, even though the data from those financial statements made its way onto our Schedule C.
    Quicken Mac Subscription • Quicken user since 1993

Answers

  • volvogirl
    volvogirl SuperUser ✭✭✭✭
    I don't think there is a  Home & Business version for Mac.  It probably installed Premier.  Did you move from a Windows computer?
  • Animatordave
    Animatordave Member ✭✭
    Nope, just subscribed to the home and business version (most expensive option) and put it on my mac for the first time, never used quicken before.

    In the "about quicken" menu option it shows "Quicken| Home & Business" "Version 6.5.1"

    Not sure if I can post links here, but if so, here's a screenshot of the window that shows up in quicken:
    https://www.dropbox.com/s/50pswoy5zh85n8q/Screen%20Shot%202022-01-14%20at%206.24.25%20PM.png?dl=0
  • Animatordave
    Animatordave Member ✭✭
    @volovgirl
    I forgot to tag you in my response above.
  • volvogirl
    volvogirl SuperUser ✭✭✭✭
    Check this page.  It shows Home & Business is only for Windows
    https://www.quicken.com/product-selector

  • Animatordave
    Animatordave Member ✭✭
    Hmm. Yep, that looks correct. So weird that they let me pay for the subscription, download it and it shows "home and business" in the about section of my application. Guess I'll be asking for my money back. Thanks for pointing that out!
  • jacobs
    jacobs SuperUser, Mac Beta Beta
    edited January 14
    No, I'm sorry to say, there is no home Home & Business version of Quicken Mac. Yes, you purchased a Home & Business subscription, and that gives you the ability to use the Home & Business version for Quicken Windows and the highest version for the Mac, which is Quicken Premier.


    View this chart and you can confirm the Home & Business features are not available on the Mac.

    If you can use Quicken successfully without the business features, you should contact Quicken Support to downgrade to Quicken Premier and get a partial refund. If you truly need the business features, you'll need Quicken Windows, or some other software. 

    You can certainly use Quicken Mac to keep your business and personal records in separate files. The question is whether you need the invoicing or rental management features of the business version.


    Quicken Mac Subscription • Quicken user since 1993
  • Animatordave
    Animatordave Member ✭✭
    Oh okay, so I can still have two separate 'accounts' then. Like one whole setup that I title Personal, and then another setup that I title Business?
  • jacobs
    jacobs SuperUser, Mac Beta Beta
    Just to clarify terminology, since it can get confusing…
    • You have one account with Quicken, Inc — e.g. one Quicken ID, one subscription.
    • But you can have multiple Quicken Mac data files; every data file is completely separate from any others.
    • Within each data file, you have accounts for your financial institutions which parallel bank and investment accounts in the real world.  
    When my wife ran her own business, we had a separate data file for her business, completely separate from our personal data file. When I was treasurer of a small national non-profit association, I had a separate data file for the association, obviously independent of my personal data file. Each data file has its own Payee list, it's own category customization, it's own reports, etc. 

    You can't have two data files open at the same time, but you can switch back and forth between different data files pretty quickly (using the File > Open Recent menu). 
    Quicken Mac Subscription • Quicken user since 1993
  • volvogirl
    volvogirl SuperUser ✭✭✭✭
    And everything that goes on the same tax return, like your personal and self employment business Schedule C and your spouse's income,  should be in the same Quicken Data File.   If you file a separate business return like a 1065 or 1120 then that should be in a separate Data File.  
  • jacobs
    jacobs SuperUser, Mac Beta Beta
    Accepted Answer
    volvogirl said:
    And everything that goes on the same tax return, like your personal and self employment business Schedule C and your spouse's income,  should be in the same Quicken Data File.   If you file a separate business return like a 1065 or 1120 then that should be in a separate Data File.  
    @volvogirl I agree and disagree. ;) If there's a separate corporation for the business, there's no doubt separate Quicken files should be used. But if the business is something you report on a personal Schedule C, you might still want to maintain a separate file for the business. I know I would not have wanted to co-mingle tracking my wife's business income, expenses and assets in our personal Quicken data file, even though the data from those financial statements made its way onto our Schedule C.
    Quicken Mac Subscription • Quicken user since 1993
  • Animatordave
    Animatordave Member ✭✭
    Thank you both. This was very helpful!
This discussion has been closed.