Categorizing S Corp
Hi have Quicken Premiere and would like to categorize my S Corp business expenses separately from my personal expenses. Currently all personal and business expenses are catagorzied as personal. An suggestions on how to do this? Thank you
Comments
-
You'll need separate categories … use some for personal income/expenses and the others for business items, The business categories will need Sched C tax lines associated with them, that how Q identifies them as business.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
Actually a S corp is a separate entity from your personal accounts. You file it on a separate business tax return. It should be in it's own separate data file. Go up to FILE - New Quicken File.
I'm staying on Quicken 2013 Premier for Windows.
1
