CJ>Hello All!
CJ>I am an amatuer at doing books for small business.  I have a home business
CJ>and
CJ>would like to set up its books on Quicken.  My personal account is still
Hi Carol,
First congratulations on starting your own business. Hope it's a
success. Since this is a Quicken forum, I won't comment on wether or not
Quicken is good for business bookkeeping. You should probably add
Quick books. That may correct some of it's short falls.
CJ>providing funds to the Home business.  Has anyone got any advice on how to
You would create a category called Owners Draw/Contribution. When you
deposit money into the checking account for your business, you would
record it to that category. When you pay yourself, you would also record
it to that category.
CJ>go about setting this up?  ie.  Should I set up a loan from personal?  and
CJ>if I did how would I do this and keep a running total?  I hired and 
ccount
CJ>for year end and I am keeping receipts and records but would like to set 
p
CJ>a computer system.  Should I set the buiseness as a separate file? Thanks
CJ>for any and all advice.
Yes, you should have a separate account file for your business. It
will make things easier at tax time with printing out reports. Which is
where some of the short falls will appear.
Craig
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