You can setup multiple businesses under QuickBooks... right? Can you also setup for keeping up with Personal finance... or is it better to buy Quicken for personal?
Seems like for an S-Corp it would be good to have them run under the same software... or would it?
Thanks.
You can have as many businesses as you want using QB with each business having its own file.
QuickBooks can be used to track personal finances as long as you don't need to track investments. If you want to download brokerage information then you'll want to use Quicken.
One thing to check is whether or not your bank charges for downloading into QuickBooks. Many do but downloading into Quicken is free.
It does not matter if one is using QB and one is using Q. You do need to keep them in separate files and just prepare the appropriate forms at tax time.
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