Income & Expenses Widget on Business tab

tidytigertn123

Hello, I am using quicken for Mac. On the business tab, I have a widget titled Income & Expenses that is inaccurate. All of my income isn't appearing there. There are just a few random transactions that are actually appearing as income. I have checked all the fields in each transaction in the register and they are accurate. Why would they not be showing in this widget? Thanks

volvogirl

Don't know how it works on Mac but for Windows,

To be included in business reports (and I don't know where else) you have to assign the category to a schedule C or E tax line item number.  To check the tax line assignment open the Category list by either clicking on the Category Icon or go to Tools-Category List or Ctrl+Shift+C.  Then select the category and right click on it to Edit it.  Click on the Tax Reporting Tab and check the box for Tax related and pick a Schedule C or E: tax line item.

jacobs

Have you assigned all your business transactions to Business categories — e.g. sub-categories of Business Expenses)? That's what makes the transactions show up in the Business Dashboard.

(@volvogirl: In Quicken Mac, it's the assignment of transactions to a Business Incoem or Business Expense subcategory which matters. Those categories are already properly assigned to tax schedules. Assigning a tax line to a non-Business expense will not make it show up in the Business dashboard.)

You can select multiple transactions at a time and use Transaction > Edit Transaction to change the category on the selected multiple categories. Or, you can merge some of your older existing categories into Quicken's default Business subcategories in the Window > Categories window. (To see how to do this, click on Home > Dashboard, click on the "Manage Business" card at the bottom, and go to the third screen.)

Chris_QPW

Hmm I think this implementation difference between Mac and Windows is going to come back and bite the Quicken Mac developers/users. To be limited to only some exact categories for business is most likely going to cause problems, especially if they get to the point where they are converting such information from Quicken Windows.

jacobs

@Chris_QPW Sorry, I painted an incomplete picture. Users can create their own categories, and assign them to tax forms/lines, just like for non-business uses. The business categories just have to be created, or moved, to be a sub-category of the main Business Income or Business Expenses categories. The only reason to use their default categories is because Quicken's server-based auto-categorization will only work with their defined categories (business or like non-business), but users can easily use their own categories (and create local categorization rules, if desired.)

Chris_QPW

Good, that sounds "workable". When converting from Windows to Mac they will just have to make sure they move their business categories under Business Income or Business Expense if they aren't already there. Quicken doable.

tidytigertn123

hi everyone! I was able to discover the issue. When I was using the windows version, my deposits were linked to an invoice. When I switched to Mac, I no longer had invoices so the transactions were showing a split like they were transferred. I had to go through and remove the “invoice split” from each transaction and they are now showing as income. I’m ignorant to a lot of this so I hope that makes sense! Thanks!