Tracking profits

Originally Posted by twmart

Okay, lets stir it up a little more.......
1) How many have a separate bank account for scrapping
2) How many just combine the money in the personal account?????

I know first you need to make money to have anything to put in a bank.... Ok so
3) 3rd selection.... put it all in coffee cans and keep it at home..

Oops....
I am using Quicken.... But am looking at "Quicken Home Business" or "Quickbooks" I am not sure which to use I am thinking Quickbooks....

The issue I have is I don't know how well either one is set up at doing a scrap business

Originally Posted by twmart

Oops....
I am using Quicken.... But am looking at "Quicken Home Business" or "Quickbooks" I am not sure which to use I am thinking Quickbooks....

The issue I have is I don't know how well either one is set up at doing a scrap business

The basic of ANY "business"... is to track what comes in, and what goes out. Does not matter if it is scrapping, trucking, or whateverrrrrrr You can customize either one to fit your needs!

I always kept a separate account for personal and business. It takes a lot of discipline, for anyone who is self employed, to NOT spend business funds, on personal wants. By keeping separate accounts, it can make that, and accounting, a little easier.

Quicken is more than sufficient to get organized and track, both personal, and business, if you are just getting started. my 2, no charge ;-) BroJer