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Quickbooks for personal Finances ??

 

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Subject Author Date
Quickbooks for personal Finances ?? Chris 02-16-2008
Posted by Chris on February 16, 2008, 6:16 pm
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Is anyone using Quickbooks for personal finances, or is it an overkill?
Using quickbooks and I don't mind paying for Quicken, as well, but I'much
rather have to deal with the interface of a single product - if possible.
There is no "persona finance" template of accounts (when you start a new
company in QuickBooks), that's why I am wondering if it's not meant to
handle that.

TIA,Chris.



--
Posted via a free Usenet account from http://www.teranews.com


Posted by Allan Martin on February 18, 2008, 9:16 am
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> Is anyone using Quickbooks for personal finances, or is it an overkill?
> Using quickbooks and I don't mind paying for Quicken, as well, but I'much
> rather have to deal with the interface of a single product - if possible.
> There is no "persona finance" template of accounts (when you start a new
> company in QuickBooks), that's why I am wondering if it's not meant to
> handle that.

Using QB for personal finances is not overkill it is underkill, it does not
have the features required. Most smart end users use both programs.


>
> TIA,Chris.
>
>
> --
> Posted via a free Usenet account from http://www.teranews.com
>


Posted by Scott on February 18, 2008, 10:00 am
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> Is anyone using Quickbooks for personal finances, or is it an overkill?
> Using quickbooks and I don't mind paying for Quicken, as well, but I'much
> rather have to deal with the interface of a single product - if possible.
> There is no "persona finance" template of accounts (when you start a new
> company in QuickBooks), that's why I am wondering if it's not meant to
> handle that.
>
> TIA,Chris.
>
>
> --
> Posted via a free Usenet account from http://www.teranews.com
>

I've been using it for mine - just start with no COA or use the generic one
& customize. It's probably overkill for someone ONLY doing personal
finances, but if you've got the program anyway there's no reason to use
something else.



Posted by Allan Martin on February 18, 2008, 11:36 am
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>> Is anyone using Quickbooks for personal finances, or is it an overkill?
>> Using quickbooks and I don't mind paying for Quicken, as well, but I'much
>> rather have to deal with the interface of a single product - if possible.
>> There is no "persona finance" template of accounts (when you start a new
>> company in QuickBooks), that's why I am wondering if it's not meant to
>> handle that.
>>
>> TIA,Chris.
>>
>>
>> --
>> Posted via a free Usenet account from http://www.teranews.com
>>
>
> I've been using it for mine - just start with no COA or use the generic
> one & customize. It's probably overkill for someone ONLY doing personal
> finances, but if you've got the program anyway there's no reason to use
> something else.


Great, now share with use how to click on a button in QB and have it update
the market value of all my investments? Also how can I have it generate a
report showing all my short term and long term realized gains for the year?
How can I get QB to put certain securities on a watch list? How can I get it
to track the basis of my investments. How about stock splits?







>
>


Posted by Scott on February 18, 2008, 11:41 am
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>
>>> Is anyone using Quickbooks for personal finances, or is it an overkill?
>>> Using quickbooks and I don't mind paying for Quicken, as well, but
>>> I'much rather have to deal with the interface of a single product - if
>>> possible. There is no "persona finance" template of accounts (when you
>>> start a new company in QuickBooks), that's why I am wondering if it's
>>> not meant to handle that.
>>>
>>> TIA,Chris.
>>>
>>>
>>> --
>>> Posted via a free Usenet account from http://www.teranews.com
>>>
>>
>> I've been using it for mine - just start with no COA or use the generic
>> one & customize. It's probably overkill for someone ONLY doing personal
>> finances, but if you've got the program anyway there's no reason to use
>> something else.
>
>
> Great, now share with use how to click on a button in QB and have it
> update the market value of all my investments? Also how can I have it
> generate a report showing all my short term and long term realized gains
> for the year? How can I get QB to put certain securities on a watch list?
> How can I get it to track the basis of my investments. How about stock
> splits?
>
>

That's your problem, my finances are much simpler. The OP asked if anyone
used it for personal finances, I do & responded. With no details of what
those finances are, I answered a simple question with a simple reply. If you
don't want to stoop to the level of us common folk, just skip the post.



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