I recently bought Quicken Home & Small Business 2006 and I am in the process of getting it set up correctly for my sole-proprietorship business. When I go to the "Business Center", I see A/R & A/P account groups, as well as a *Sales Tax* account. I also see a Savings and Spending Accounts group. My questions are:
- Where do I add my accounts that my accountant wants me to use for tracking my business (i.e., Accounting & Legal, Internet, Rent, etc). I think I have some confusion because in my last system, these were just "Categories", not "Accounts". In this system, it appears that you set them up under the A/P section as separate "Accounts". I think my confusion is in what Quicken considers a Category or Account.
- When I use the paycheck module for adding paychecks, under the pretax deductions, there are some Categories such as Benefits, Spouse
-> Medical Insurance. When I go to the regular Category Maintenance screen, I can not find these categories to add a new one. I need to add Benefits, Spouse -> Life Insurance, but I can't find these. When I add a regular transaction in one of my accounts, they are not available there either.
Please, no rude replies.
Thanks,
Jeremy