QuickBooks can be used to track personal bookeeping as well as business bookkeeping.
We can tack personal bookkeeping and generate personal financial statements, balance sheet and profit an loss, by entering data from our bank statement into the QuickBooks file.
Entering bank statement activity will will help us record activity, cash in flows and outflows, income and expenses.
We may also want to add more balance sheet items related to transaction in the past, items like a home, car, or loan.
We will discuss methods for adding balance sheet assets to the personal QuickBooks file.
For more accounting information see accounting website.