Profit Loss Question
leerph
Quicken Windows Subscription Member
I am thinking about switching over to Quicken but I have a question. I have a business with 2 checking accounts (1 for each store location). Is it possible to run profit/loss reports for each checking account individually so that I can see how profitable each business location is, or is it only shown as an overall P/L of both bank accounts? Thanks.
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All Quicken reports can be customized to show whichever account or accounts you want to see.
Quicken user since version 2 for DOS, now using QWin Premier (US) on Win10 Pro.
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I'm testing out the business version of quicken. I have a business with 2 locations. I have a separate checking account for each location. Is there a way to run the P/L and have it show only the transactions for each checking account individually as well as both accounts together? I like to be able to break it down so I can see how each location is doing but then also need it all together for tax purposes at the end of the year.0
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You could use Tags. You can have a Tag for each location. Then sort the reports by tag. You can add a Tag to each transaction.
There are Categories and Sub-Categories and Tags. You use a colon in front of a sub-category. The forward slash / designates a Tag, or there is also a TAG column.
Example of Sub-Category….
Auto:Auto Fuel
Auto:Maintance
Example of Tags…
Auto Fuel/Toyota
Auto Fuel/Ford
I have a home business and use Tags for each job. Then when I run a report I can sort it by job. So an expense entry might look like this…
Business Expense:Supplies/Maple StreetI'm staying on Quicken 2013 Premier for Windows.
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Since you say you have two separate checking accounts, you may or may not need the coding by tags or sub-categories which @volvogirl explained above. For expenses (and/or income) involving just a checking account, it's easy to do separate P&L reports based on one account, the other account, and both accounts — without using different categories or tags. But if you want the combined report to have separate lines for each business, then you'd want sub-categories or tags.Quicken Mac Subscription • Quicken user since 19930
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