junk in the … desk

My brother cleaned out one of the drawers of my old desk and handed me the contents in a brown paper bag.

stuff from drawer.JPG
Talk about a lot of junk! I ended up throwing most of it away, though I must confess it was difficult to part with the Mr. T rubber stamp (it was all dried out, though).
So I have a Quicken question. I just got Quicken 2007 Home & Business and am confused (it doesn’t take much) about how to track my expenses. Are any of you self employed but don’t have a separate bank account for your business? Do you have to track personal and business accounts in the same area? Any assistance would be greatly appreciated.

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15 Responses to junk in the … desk

  1. Eileen says:

    I use QuickBooks at work every day, and I’m guessing it’s similar to Quicken. You should be able to create a “chart of accounts” somewhere – in which you could differentiate between your business & home expenses. Then as your expenses incurred, you would just assign them to the correct account. Feel free to email me if you need any help! Eileen

  2. I’ll take the ashtray back if you don’t want it. And the Wonder Woman with the light-up crotch was something Ted LeGuin gave to me at one of his birthday parties. That was about 35 years ago, wasn’t it?

  3. tulip says:

    I second what Eileen said on the chart of accounts. But I would really recommend getting a second account if you can swing it. If (god forbid) you were ever audited or even just when you start to expand your business, an actual business account can really be helpful. Even if you only keep 5 dollars in it! :)

  4. Tenshi says:

    I wish you would have ebay’d the stuff. :(

  5. Sandy says:

    I also use Quickbooks….please open a separate bank account for your business. I’ve been audited by IRS and it was an absolute nightmare. Keeping things separate is the way to go.

  6. Rachel says:

    Oh. my. A Ramblin’ Rod button! Wow, wow, wow. That takes me back. Isn’t funny the things we hang on to?

  7. Kim says:

    It would be best to get a 2nd account, it makes it a bit easier, but it is not required. I

  8. deb says:

    I am sorry that I don’t have any Quicken info. but I noticed that you have a Ramblin Rod button! Did you ever go on his show? I am so jealous.

  9. alison says:

    It’s like a junky little time capsule! :)

  10. Rita says:

    Mariko – Isn’t Kelly keeping track of Superbuzzy on Quick Books already? If that’s the case, it seems like you already have a separate business account. If you are only trying to keep track of business expenses to be reimbursed to you by Superbuzzy, then you probably don’t need two accounts. Just document your expenses and have them reimbursed. Adding a “B” in front of your expense account names, as someone else suggested, is a good idea. If you have other bookkeeping questions, I’ll be glad to help if I can!

  11. stinkerbell says:

    hahhahaha… they show the Ateam here in french and it is funny to hear Mr. T in french…. hahaha!
    Oh and I am going through things like that now, only on a larger scale… so I sympathise.
    Oh and some day I will be brave enough to get Quicken… for now me and my spreadsheet will be friends

  12. justJENN says:

    Mr. T rubber stamp?? Where can I get one? Someone hand me a brown paper bag, please!!

  13. alice says:

    Do you suppose I could convince your brother to empty my old desk next? (My mother’s already put it on my list of tasks for the next time I’m in Portland).

  14. megan says:

    Aawww…the Patio, I miss that place.
    Get a business account. Mixing is bad according to my accountant.

  15. kelly says:

    ummm – what do you mean no separate bank account? Mariko – I think you need that brain scan – pronto! ;)
    super cool wonder woman!

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