The drawback of this is that you can't see your overall finances in one place. Set up separate Quicken data files for your home and for your business.Use the standard business categories to track business-related transactions. This lets you track all your finances in one place and do tax planning for both employment and self-employment income. Be sure that your business checking, credit card, and other accounts are used solely for your business. Add personal and business accounts in one data file, and then track both home & business finances in the same file.You can handle this three different ways in Quicken: The IRS advises business owners to keep business transactions completely separate from personal transactions. Think about how you want to track your finances, especially your checking and credit card accounts. If you purchased Quicken Home & Business, you can track personal and business accounts in the same Quicken file.
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