Multiple businesses - connect bank account to a specific business

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jmrcrp
jmrcrp Member ✭✭
in Business and Rental Property Tools (Windows)
Is there a way to connect a bank account to a specific business? I have multiple businesses, each with its own checking account. I can add a bank account and specify that it is for business use, but there doesn't seem to be a way to designate which business it goes with.

The only way it seems I can make sure that bank transactions are applied to the correct business is if I use tags on every transaction in every bank account.

Is there an easier way?
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  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
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    If I understand correctly, the real question here is: Can I connect a bank account to a specific business.
    Sorry, but the answer is no, as long as they're all in the same Q data file.
    Perhaps you could change the name of each checking account to indicate which business it's part of.
    Q expects all of the accounts in a single file to belong to a single tax entity.  What you're asking, in essence,is to sub-divide that by business.
    Perhaps you should look at Quickbooks for your various business needs.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • jmrcrp
    jmrcrp Member ✭✭
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    Thank you for the reply. As a matter of fact, the further I got into trying to set up the businesses in Quicken, the more I realized just what you said. I do need Quickbooks, so I just purchased it.

    I will leave this question and your answer, in case anyone else has the same question.
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