You are correct that QuickBooks Online (QBO) is primarily designed for small businesses. However, it can also be a valuable tool for managing personal finances, even if you don’t own a business, MBiz.
QBO allows you to record and track household expenses, manage bill payments, monitor bank account activity, and get an overview of your overall financial health. By linking your bank accounts and categorizing transactions, you can easily stay on top of your personal finances. The reporting features can also give you valuable insights into your spending habits and help you make informed financial decisions.
To get the most out of QuickBooks Online (QBO) for personal use, it’s a good idea to consult an accountant for expert advice. They can help you properly categorize transactions and set up your accounts, ensuring that your financial data is organized and meets your tracking needs.
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