Basic Setup help

[bell]

Greetings everyone. I have a few setup questions...

I have Quickbooks premier, and am in the process of starting a couple business...

1.) Manufacturing wooden utensils for sale to retail outlets and on our website
2.) Manufacture computer gaming mouse (currently researching patent)
3.) Dance/Acting studio (currently looking to buy commercial space)

A.) Can I have all three in the same quickbooks file? or should I seperate them, and how?
B.) Should I also keep my personal finances in a seperate file?
C.) Is it possible to integrate all of them for reporting purposes and for easy navigation between them?
D.) Which version of premier should I use? Retail? Manufacturing?

my personal finances are currently in quicken
Thanks for all your help!!!

[lisa_mn]

get thee to a tax pro!! Sounds like you're a sole proprietor, but you should talk with a tax person and figure out the best way to handle these tax wise.

You need a separate QB file for each tax filing entity or if a sole proprietor for each schedule C.

YES - KEEP YOUR PERSONAL SEPARATE FROM YOUR BUSINESS!!!!

Have separate checking accounts and separate credit cards for each business and your personal and KEEP THEM SEPARATE!

If you want to report on them together, you can make the charts of account as similar as possible and then send your financials to Excel and put them together.

I would go with Premier manufacturing.

You might also be well advised to hire a certified qb Pro Advisor to help you get going in the right direction.

[Joey]

Ditto ! Well said.........