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- If I just track one business, do I need to include the business tag in every transaction?No. When you add a business to Quicken, you have the option to select a check box checkbox called Untagged business transactions belong to this business. When you do, any business transaction without a tag or with a tag that doesn't belong to a business will automatically belong to the business that you've selected this check box checkbox for.
- What if I include more than one business tag?
When a transaction includes more than one business tag, Quicken can't tell how much of the transaction belongs to each business. For this reason, Quicken doesn't display the transaction for any of the businesses you can select in the column above the Profit & Loss snapshot, but instead displays the transaction as an Unknown Business.
If you have transactions appearing as an Unknown Business in the Profit & Loss snapshot, you can resolve the issue at any time.
- What if the transaction I need to enter belongs to more than one business?If you have more than one business, there are times when you might make a single purchase that you want the businesses to share, such as a box of copy paper. In this case, you should enter the transaction with the same payee and category, but you should split the transaction to ensure that Quicken tracks the correct amount for each business. As you split the transaction, assign the correct tag to the appropriate amount in the Split Transaction dialog.
- Does the transaction I add a business tag to need to be in a business account?No. One of the advantages of business tags is that they let Quicken know that the transactions that include them belong to a business, even if the transaction is recorded in a personal account instead of a business account.
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