CJ>ie.  Should I set up a loan from personal?  and if I did how
CJ>would I do this and keep a running total?  I hired and
CJ>account for year end and I am keeping receipts and records
CJ>but would like to set up a computer system.  Should I set the
CJ>buiseness as a separate file? Thanks for any and all advice.
I am new at using quicken too and best i can figure out:
1. you don't need to set out loans as personal as long as you are using the 
funds for business pusposes.
2. unfortunately quicken will not let you deduct a personal portion of 
expenses when preparing a report.  YOu may have to save a report to 1.2.3. 
format and change it with a spreadsheet.  I know it;s studid but what do you 
expect from a Home business accounting system.
3. The report customizer will let you designate which accounts you want 
included in a pl statement.  YOu simply choose which ones are business 
related and leave the categories pertaining to personal expenses.
4. If you have more than one business who share expense accounts or credit 
cards, you will probably have to split each business' activity and post it to 
its quicken file.  QUicken does not let you keep track of global account 
activity and reassign each item to different business files.  Another 
awckward limitation.
5. It is possible that QUickbooks does these things.  I asked the question 
before myself, but got no reply from the local pundits.  We are on our own.
Good luck.
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