Using QuickBooks for your Personal Finances

http://www.theqbw.com Visit our QuickBooks blog and ask your questions there.

QuickBooks is great software for businesses and because it is great for businesses, it is also great for personal finances. Quicken is great, but I find that QuickBooks just does more and it does it more easily. Also when it comes to managing personal finances, it is really not any different than business finances in the most generic terms. That is to say that in both cases we are looking at income vs. expenses as well as debt and cash flow management. There are some things a business has that personal finances don't, Great, we'll leave those out. There isn't anything I can think of on a personal set of books that wouldn't exist in some form at least potentially on a business. Maybe medical expenses, but some businesses do pay medical expenses and even if they don't they pay Health insurance. So at this level the concept is the same - they're expenses, there are just different kinds and accordingly, different ways of categorizing them.

Category:

Howto & Style

Tags:

• QuickBooks
• personal finances
• income and expenses
• Quicken
• Microsoft money. Budget
• financial help

[annibe11e]

Love this! I had to buy full-version Quickbooks for computerized accounting classes at college and it's been sitting on my computer without being used. I'm unsure about how to enter my car loan, though.

[nerdenterprises]

@annibe11e Search my channel or my blog. I have several videos on Loans.

[gordonfreemanq]

This is great. I've been using QB for my business the past few years and I thought I would try quicken for my personal finances but I HATED the interface. I felt like it was made for idiots. I love the power I have with all the items and accounts in quickbooks. Thanks for letting me know I'm not alone here.

[nerdenterprises]

@gordonfreemanq I've never liked Quicken and many people over the years have come to me using Quicken and I immediately converted them to QuickBooks. No one has complained!

[inchwormdesign]

Thanks for the fantastic concise QB tutorial for personal finances. Great work!