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Posted by Laura on April 5, 2007, 1:00 pm
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>
>>
>>>I use quickbooks pro 2006 for business. Is there a way I can set it
>>>up for my personal accounts with groceries and kids costs, etc. that
>>>aren't usually covered in their business templates?
>>
>>A separate data file??
>
> I have all my accounts in QB. personal and business. Just set up
> separate checking accounts. Maybe this is not the way it should be
> done, but this is the way I started out many years ago with QB for
> DOS.
Just be careful not to pay any business expense out of personal account or
vice versa. In the event of an audit the IRS *might* try and accuse you of
co mingling funds and deny your business expenses. How you track them (1 QB
file vs 2) is your choice. The IRS does not care.
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