Quicken Home & Small Business 2006 Business Accounts

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:

  1. 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.

  1. 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

Reply to
Biros
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On 9 Nov 2005 07:47:43 -0800, in alt.accounting "Biros" wrote in :

No, not A/P accounts, A/P accounts are the people you write checks to. The spending account group probably has a bunch of predefined expense accounts there. If the accounts you need are not there, that is where you will add them. (I can't help a lot, I have an old copy of Quicken).

Reply to
David Jensen

Thanks. So, I will just add my checking accounts to the Spending Account area.

Reply to
Biros

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