Overview
The first step to managing your business finances is adding your business and connecting financial accounts. This gives Quicken Business & Personal the information it needs to organize your activity, create accurate reports, and support business tools such as invoicing and tax planning.
Setting up your business is easy.
If you’ve already set up your business when you downloaded the app or you stopped mid-way, use this step as review and fill in anything that is missing.
After setting up your business, you’ll be able to:
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track business income and expenses separately from personal spending
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send professional invoices with your business details
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capture deductible expenses, receipts, track mileage throughout the year
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run business reports like Profit & Loss, Balance Sheet, and tax-ready summaries
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estimate your federal tax liability, project year-end totals, and manage quarterly payments across both personal and business accounts
You’ll want to add a business when you’re:
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starting a new business
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adding another business (you can add up to 10)
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organizing business activity that has been spread across personal accounts
Before You Begin
While not required, having the following information ready will make setting up your business easy and help ensure accurate reporting.
Business details
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Business name (as it appears on tax forms)
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Industry type (Consulting, Retail, Construction, etc.)
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Business structure (Sole Proprietor, LLC, S-Corp, Partnership, Corporation)
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Business email address (for invoices and client communications)
Accounting & Tax details
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Dedicated business bank and credit card accounts (for cleaner reporting)
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Accounting method
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Cash basis: income and expenses are recorded when money changes hands
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Accrual basis: income and expenses are recorded when they’re earned or incurred
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Tax form: Based on your business, we will suggest Schedule C for sole proprietors, Schedule E for rental properties)
You can always modify these details later. Check with your accountant if you have questions.
Set up Your Business
You can set up a business during your initial setup or add one later from Settings.
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Go to Settings and select Businesses.
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Click + Business.
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Enter your business details (name, structure, and industry).
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Choose your accounting method and tax group.
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Connect bank accounts to this business.
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Review and confirm your setup.
Learn more:
Before You Move On
You’re done when you have added or reviewed your business, connected at least one account containing business activity, and confirmed that the account is assigned to the correct business.
If something does not apply to you, you can skip it.
Up Next: Step 2 — Review Accounts & Transactions
Now that your basic setup is in place, you’re ready to begin organizing real business activity.
In Step 2, you’ll review a few recent transactions, confirm which ones belong to your business, check their categories, and see how that information affects your dashboards and reports.