I've started my business last year in Nov.06 as sole proprietor. Since then I've only had 1 transaction, pretty sad, I know.

Anyhow, I bought all my equipments using my personal money from my own bank account. I forgot to setup a checking account for my company. So now, it's kinda hard to show the accounting part for my business.

A local accountant said he can do my taxes, but I will need to provide him a list of my assets for the company and the list of income and expenses. But I don't have either.

So after reading some post here, I decided to use the QuickBook2006 premier that my brother bought for me last year. Needless to say, it's still in the original box. Anyhoo, I've installed it and now I need to create a list of assets. But for banking part, what should I do? Should I go and setup a bank account for my business now and use that or?

Bottom line.. am I screwed? and will using programs like TurboTax for Small Business help? Can anyone help me? This is a lot tougher than I thought it would be...

Much thanks~