Should I start with Business (sole trader) account and add a bit of Personal (married couple) or vice versa?

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  • Updated 6 months ago
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After 24 years of PC-based Intuit/Quicken/Reckon Personal the cloud is calling.

Can I use Reckon One for both Personal (married couple) and Business (sole trader) accounting? Should I select the Sole Trader option, or the other/personal?

 Cheers. Greg

(I note Ted's query at https://community.reckon.com/reckon/t...)
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Greg Long

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Posted 6 months ago

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Rav, Community Manager

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Hi there Greg,
Welcome to the Reckon Community,

Yes you can certainly use Reckon One for both personal and business accounting however there are some limitations such as investment tracking/share price downloads not being available in Reckon One as yet. This functionality is unique to the desktop Personal Range.

In terms of your selection when creating the book, you can choose either as its just a industry type list. If you're running a Sole Trader business, I'd recommend choosing that type.
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Greg L

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Excellent, thanks Rav - diving in now. Greg