Hello there.
Yes, you can track both business and personal finances in QuickBooks, depending on your specific situation.
If you are a freelancer or sole proprietor, QuickBooks Self-Employed (QBSE) is built specifically for you. This version makes it easy to sort business and personal transactions so you know how much you can deduct at tax time.
However, if you're a business owner looking to track two businesses and your personal finances, it's best to set up separate QuickBooks Online (QBO) subscriptions for each business. Combining transactions from multiple businesses in one account can create complications during tax season.
For your personal finances, use a dedicated budgeting app or a simple spreadsheet to keep things organized and separate from your business finances.
If you need to add more or have fewer accounting features within your current QuickBooks plan, check out this article: Upgrade or downgrade your QuickBooks edition.
Please leave a comment below if you need further assistance.
