If you use Quicken for personal finances only, you probably need just one Quicken data file. When you have all your accounts in one data file, Quicken can:
- Keep one list of income and expense categories for all your accounts
- Include data from all accounts in a single report or graph to track income and expenses, net worth, and other important information
- Transfer money from one account to another within the file
With separate files, there is no connection between the accounts in one file and the accounts in another. There are some reasons, however, why you might want to have more than one file:
- To keep information separate for business purposes if your personal and business finances are entirely separate and have different checking accounts. (Although you may be able to use categories and tags to achieve a similar result.
- To keep a separate file for a friend, relative, or organization.
Related topics
Overview
Content Tools