How do I Add a business

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Quicken uses the information you enter about your business to group together your business transactions. If you want Quicken to display the transactions and deductions by business, you must add a separate business for each one.

1. Click the Business tab.

2. Click the Business Tools button and choose Manage Business Information.

3. Click Add.

4. In the Business name field, enter a name.

5. In the Description field, enter a description for this business. (Optional)

6. In the Owner field, identify whether this business belongs to you or your spouse.

7. In the Business Tag field, enter the business tag for the business.

  • What's a business tag?
    When you add a business to Quicken, you associate a tag with a specific business. Once a tag is linked to a business, it becomes a business tag that enables Quicken to group the transactions for the specified business in the Business Center snapshots and the Tax Planner. Quicken also groups transactions by business in the Tax Schedule report and the Schedule C report.
    • Can you give me an example?
      For example, say you have a candle business and a catering business. Each business has its own checking account, but you use a single credit card to make purchases for both businesses. When you download or enter your credit card transactions, you can enter the candle tag for purchases for the candle business and the catering tag for purchases for the catering business. That way Quicken considers these purchases when determining your deduction and spending information for each business.
  • Can I use the tags I add in the Tag List for my business?
    The tags you add to Quicken in the Tag list (choose Tools menu > Tag list) do not become business tags until you associate them with a business in this dialog. In case you want to do this, all available tags appear in the Business Tag list. You can also simply type the name of a new tag you want to use for your business directly in the Business Tag field.

8. Select or clear the Untagged business transactions belong to this business check box.

  • Help me decide
    You can designate one business to include all of the business transactions that do not have a valid business tag. When you do, Quicken automatically associates all business transactions without a business tag to the business you have selected this check box for.

    You can select this check box for only one business at a time. The first time you add a business to Quicken, Quicken automatically selects this check box, but you can clear the check box. To help you decide if you should, select each of the following links that applies to your situation.
    • I track a single business
      If you plan to track only a single business in Quicken, selecting this check box can save you the time and effort it takes to tag your business transactions.
    • I track several businesses now, or I plan to at some point
      If you plan to track several businesses in Quicken, clearing this check box for every business and tagging each business transaction with the appropriate business tag can help you preserve your historical data as your business prospects change and evolve.
      • Can you give me an example of how my historical data can be affected?
        For example, say you initially had this check box selected for a candle business, and you entered transactions for the candle business without a tag. Then let's say you decide to close the candle business and open a catering business. If you want to select this check box for the catering business, you need to do two things: 1) Edit the candle business information and clear the check box, and 2) Edit all the business transactions for the candle business to include a tag. Otherwise Quicken will have no way to know which untagged historical transactions go with which business and will display them all together.
    • I am upgrading from a previous version of Quicken where I used classes to track my businesses
      If you are upgrading from a previous version of Quicken where you used classes to show which business a transaction belonged to, and you want to view your historical spending in the Business tab, selecting this check box can help you save the time and effort it takes to edit your historical transactions to include the new business tags. If you select this check box for the existing business with the most transactions, then you only need to edit the business transactions for the remaining businesses so that they include the tags that Quicken needs to separate your historical transactions by business.

9. Click OK.

When you add the business tag to transactions, Quicken gives you a number of ways to review your business data. See how tags work with businesses for more information.

This feature requires Quicken Home & Business or Rental Property Manager. Learn how you can upgrade Quicken in minutes.


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