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Updated about 9 years ago on . Most recent reply

User Stats

48
Posts
9
Votes
Don Young
  • Mechanical Engineer
  • Brecksville, OH
9
Votes |
48
Posts

Personal and Business Finances - Only One Piece of Software?

Don Young
  • Mechanical Engineer
  • Brecksville, OH
Posted

Hello!

I am working towards getting into buy and hold investing and have been thinking about how I should track financials. I think it would be beneficial to have both personal finances and business finances tracked in the same platform, but I am not so sure that this is common, or even what software is capable of this.

I currently use Mint for personal finances and I do not think it has the ability to track business financials.

How do you folks handle this? If you use separate software, do you just manually enter your cash flow from your business as income in the personal finance software or are there ways to make the separate software talk to each other? What software would you recommend for either of these situations?

I was recommended Quicken by a friend, but reviews of the software have turned me away from it. I searched through posts on this topic and saw that many people use Quickbooks for business and then something else for personal finances, but I was unable to find any discussion about using a single piece of software for both.

Many thanks!

Don

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