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Posted by Andrew on September 4, 2007, 7:24 pm
Please log in for more thread options Jim Jensen wrote:
> Artist wrote:
>> I am using Quicken to keep track of both the finances of the
>> corporation I own and my personal finances. When I write a check to
>> pay myself from my corporation's business account I want the
>> transaction to show as both a business expense and also automatically
>> transfer the amount to my personal account. This would at the same
>> time save me the time it would take to enter the deposit in my
>> personal account manually and show up properly in the expense report.
>> My problem is in the transaction line of the business account both
>> are done by means of the category field. In this field I can select
>> to either transfer the payment to my personal account or categorize
>> the payment as a business expense but not both. Is there a way to do
>> both?
>>
>> I am using Quicken 2004.
>
> Sure. In the split transaction screen:
> [transfer] 500.00
> Bus Exp 500.00
> Pers Inc (500.00)
Gee - we just finished a long thread about why one shouldn't comingle their
business account and personal account in the same
Quicken file! (ergo: you shouldn't be able to do what you want since you
can't make a transfer if you didn't!)
You might wish to review what was said (some pro, some con)
Not trying to start another holy war here....just posting in case the OP
didn't see the previous thread.
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Regards -
- Andrew
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