Organizing home business finances can quickly become an unwanted chore. Having to wade through all of your financial receipts and sorting business purchases from personal purchases is an overwhelming task. Using valuable financial software applications to handle this for your home business can keep you organized and stress free. With a few simple suggestions, you'll learn use Quicken to organize home business finances.
Instructions
1. Purchase a copy of Quicken financial software from an Internet website or retail location. Choosing between a copy for download or the CD version depends largely on your preference. If you would rather not wait to buy the physical copy and have a high speed Internet connection, then consider downloading the Quicken financial software for quicker access. You'll usually be able to re-download it to multiple computers if you experience system crashes.
2. Download or install the Quicken software to your computer system. The entire process should only take a few short minutes to complete. The minimum requirements that your computer should possess is a Windows 2000 Operating System or higher, 128 MB of ram, and several other options. As long as you have these components on your computer system, you should be able to comfortably run your Quicken financial software.
3. Setup your payment and bank accounts by selecting the “account list” option on the “tools” menu. It will allow you to individually add these accounts and then connect to an online database for frequent balance updates. If your accounts do not have online access, then you'll just have to manually enter the financial data.
4. Create a list of your bills and frequent deposits by selecting the “scheduled bills and deposits” link on the “tools” menu. This will help you to keep your home business finances in working order. It will also help you view your overall financial status for your personal and home business accounts. Constantly monitoring them and printing reports will come in extremely handy during tax season.
5. Track and categorize your home business expenses by using your Quicken software. It will allow you to easily identify and separate these expenses from your personal ones. Instead of making the mistake of adding this financial data twice, it can be done with one simple click. This intuitive software will remember previous information and automatically apply it to future transactions.
6. Scan important home business documents that correspond with certain transactions. This will make it extremely easy to locate them when necessary. You'll be able to keep this vital information in one place and avoid searching for it during tax season. Quicken will help to provide easy organization for your home business finances.
