![]() When it does that, it means your P&L is not including that expense and your net profit becomes overstated. Therefore, it may assign a business transaction a personal category. Quicken imports transactions through bank feeds or web connect, and will recommend or guess what some transactions should be categorized as. Quicken works with personal and business transactions, and the two can very easily overlap if you are not diligent in your reconciliations or have a tendency to mix personal and business. If you are working with Quicken and see a confusingly overinflated Net Profit in your business P&L (Profit and Loss), you are far from alone. I always recommend speaking with a qualified bookkeeper regarding what your recordkeeping goals are prior to purchasing and setting up a bookkeeping system. You can customize it to fit a lot of needs, but at a certain complexity point you may prefer the ease of a standard accounting software. It also has a Home and Business package, which may be a good solution for a business with a fairly simple setup. I, being a numbers gal, have fallen in love with the software for my personal finances. Quicken is a personal finance software with a lot of bells and whistles.
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