from Quicken Classic Business & Personal (Win) back to Quicken Classic Premier (Win)?

Question

I have been using Quicken for over 30 years and am currently using Quicken Classic Premier (Win) to track personal finances and some income/expenses from my consulting gig.  I've been tracking invoices and status of payment on an Excel spreadsheet…which is fine for a few clients at any one time.

I've recently expanded my consulting gig and am considering moving to Q Classic Business & Personal for invoicing and tracking payment status (rather  than using spreadsheets).

If I'm not happy with the invoicing and tracking AR, can I go back to Quicken Classic?  What happens to the invoices, etc. if it's possible to go back?  What happens to business expense / income categories that are created in Q Classic Business & Personal?  Any other transition issues to consider if it's possible to go back?

Thanks in advance for the assistance.

Tom Young · Accepted Answer

You can designate Accounts as being mainly for Business and Personal, but that doesn't limit you to entirely "personal" activities in the Accounts labeled as such, and vice versa.  A split transaction in one particular Account can have both personal transactions and business transactions.  The distinction is captured in the Categories (and Tags) used for each split.

As I've never upgraded to the Business version so this is a bit speculative, but I believe assigning a Schedule C line item where a Category will appear on the Form is what makes a Category "business" vs. "personal."  So I'm guessing that if you already have some actual Categories that you use for business an assignment to a Schedule C line item will make that Category a "business" Category, past and present.

Chris_QPW · Accepted Answer

Categories created in the business edition will remain after a downgrade.

I had the business edition briefly while doing a beta and during that time it created these:

Which I can't even get rid of in Premier now.

The others I created myself in Premier.

It was so brief though and I had no use for it I never even created invoices and such, so I know next to nothing about its features.

Sceptic · Accepted Answer

At the bottom of this Category List window, if you click on "Options" and then "Manage categories", you can add or remove any categories for:

* Standard
* Business
* Investment
* Royalties & Rentals

This option seems to be available no matter what version of Quicken you use.