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Getting Started with Quicken 2008

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1. Show as a bill Enter information about your regular loan payment and then click OK Track a vehicle value and associated loan The steps for tracking a vehicle s value and loan are almost identical to those for adding a house and mortgage account When you add a vehicle loan account Quicken adds both an asset and a liability account I 2 3 4 If you have your last statement for the vehicle loan get it now Choose Property amp Debt menu gt Go to Property amp Debt Center In the Property amp Debt Accounts snapshot click Add Account Select Vehicle with or without Loan and click Next Quicken displays the Asset Account Setup wizard for tracking a vehicle Follow the on screen instructions click Next to move through the pages Click the Help icon if you need more information If you told Quicken that you have a vehicle loan Quicken adds two accounts one for the positive value of the vehicle a vehicle account and one for the negative value of the loan a vehicle loan account Quicken then displays the Edit Loan wizard Enter the requested information about your vehicle loan Click the Help icon if you need assistance F If you have assigned Auto categories to your transactions you can see a summary of your auto expenses whenever you re in the Property amp Debt Center In the Auto Expenses snapshot click Show Auto Expense Report 76 Quicken 2008 Add other asset and liability accounts You
2. Accounts My Data Cah tow My Savings Plan My Date Cash flow t Spending amp ngs Options v muan Chedung amw IAccout HnBa Eretesmoe Enin Sexe kart Cheng ene Spending dork Sos 0 97 hens Main Checking 1 000 00 oe same Quicken also adds a nonas me gt aan ais link for the account to SSE the Account Bar list so EE PEN Eo you have one click rm pepan Subtotal zer 220001 access no matter en aan where you re in Net Worth SORES TS Quicken Ad An emmer Eda hawunts GS Qeichee 04 Pay Get started 3 When you add any new account Quicken groups it with all other accounts of the same type in one of three account centers which are areas where you can view your data with pertinent tools Quicken also displays every group of accounts together in a fourth center the Financial Overview Center Cash Flow Center You ll find accounts for checking savings credits cards and cash in the Cash Flow Center Use these accounts to better understand your day to day income and expenses These accounts are discussed in more detail in Chapter 2 Manage your income and expenses Investing Center You ll find accounts for investments in the Investing Center Use these accounts to track the ongoing performance of your stocks and bonds retirement funds and other types of investments These accounts are discussed in more detail in Chapter 4 Manage your investments Property amp Debt Center You ll find accounts for assets what you o
3. Intuit Getting Started with Quicken 2008 Trademarks 2007 Intuit Inc All rights reserved Unauthorized duplication is a violation of applicable law Intuit the Intuit logo and Quicken among others are registered trademarks and or registered service marks of Intuit Inc Other parties marks are the property of their respective owners Various Intuit products and services may be protected by one or more issued US patents Some names company names and sample data used in examples and help content are fictitious and are used for illustration purposes only Any resemblance of fictitious data to a real person or company is purely coincidental Portions of Quicken software are based on SSL Plus 3 0 Integration Suite 1996 Consensus Development Corporation All rights reserved Contains RSA Software RSA Digital Signature and the RSA Logo are trademarks or registered trademarks of RSA Data Security Inc in the United States and other countries All rights reserved SECURITY Contains Adobe Flash Player software by Adobe Systems Inc Copyright 1999 2006 Adobe Macromedia LLC Sf All rights reserved Adobe and Flash are trademarks of Adobe Systems Incorporated ENABLED The TWAIN Toolkit is distributed as is The developer and distributors of the TWAIN Toolkit expressly disclaim all implied express or statutory warranties including without limitation the implied warranties of merchantability noninfringement of thi
4. investment 52 Itemized Categories 19 Net Worth 77 Premier 71 Reconciliation 27 saving 20 Schedule A 71 Schedule B71 Schedule D 71 Tax Schedule 7 1 Tax Summary 7 1 retirement accounts 44 59 Retirement Planner 82 S saving reports 20 Savings Plan 18 Schedule A report 71 Schedule B report 71 Schedule D report 71 scheduled bills amp deposits adding 38 overview 15 paychecks 66 payments 38 41 scheduled transactions See scheduled bills amp deposits securities adding to the Watch List 48 entering new transactions 55 58 options for entering historical data 54 updating new transactions 55 shares buying and selling See entering transactions 88 Index signing up online account services 34 Quicken Bill Pay 35 Quicken Online Backup 29 split transactions 14 stock options tracking 44 stock performance analyzing 51 T tags overview 6 tax categories 68 69 Tax Center 64 tax deductions finding 72 tax forms and publications online 69 tax liability anticipating 70 tax line items verifying 69 Tax Planner 70 tax preparation 64 tax reports 7 1 Tax Schedule report 7 1 Tax Summary report 7 1 taxes capital gains 72 deductions 72 home loan and 76 investments 54 71 planning for 70 72 reporting on 71 setting up tax related categories 64 strategies for reducing 72 summary of 64 using Capital Gains Estimator 72 using Tax Center 64 using Tax Planner 70 using tax related categories 68 76 tax related
5. s Left snapshot see Track your monthly income and expenses on page 15 For more information about scheduled bills and deposits choose Help menu gt Quicken Help click the Search Quicken Help tab enter managing cash flow and click Ask Plan for tax time 67 Track your tax deductible expenses Quicken can link categories to specific lines on a tax form Categories are discussed in detail in Assign categories on page 13 Linking categories to tax forms automates the process of tracking income and tax related expenses Use standard tax related categories Quicken links the most common tax deductible categories and subcategories to tax forms If you added a paycheck to Quicken in the previous section you may have noticed that your income was assigned to the Salary category and that deductions were assigned to categories and subcategories such as Tax Fed and Tax Medicare To see a full list of standard tax related categories in Quicken open the Category List choose Tax menu gt Category List Tax related categories have a white check mark in a red circle to the left of the category name and the Tax Line Item column indicates the tax form and line item associated with the category Ifa category doesn t have the appropriate tax form line item associated with it you can edit the category Click the Help icon for more information Change the tax line item for a category in the Edit Category dialog To open it select t
6. 2 In the Financial Institution list select the online payment provider for the account 3 Click the Payments tab 4 In the Account field select the account to withdraw the payment from Click Enter to add the payment to the list of transactions to be sent Don t forget to send the payment transaction as described in Send payment transactions on page 37 Erin McCarthy D D S Inc Account 123456789 Category MedicatDental Memo Payee 80 00 5022 20 00 5023 AnyTown Bell AnyTown Water 5 In the Payee field enter who receives this payment If this is the first time you ve sent a payment to this payee enter the requested information If you don t have an account number use your telephone number so the payee can identify you 36 Quicken 2008 In the field enter the payment amount In the Category field select a category In the Memo field type a memo or note Optional WO O N O Enter either a processing date or a delivery date Depending on your payment processor you may need to enter either a processing date the date you want your financial institution to deduct the money from your account or a delivery date the date you want the payee to receive this payment Also depending on your payment processor you may be able to skip this field and let Quicken calculate the earliest date for you 10 Click Enter Quicken adds the payment to the list of transactions to be sent You
7. Connect to your financial institution through its Web site on page 22 If your financial institution doesn t support transaction update with Quicken see Manually enter transactions on page 23 for information about how to keep your accounts up to date Connect directly to your financial institution through Quicken 1 Atthe bottom of the register where you want to update information click the Downloaded Transactions tab 2 Click Update Transactions 3 Select what you want to update for the financial institution x One Step Update Settings V Financial Institutions Passwords Vi Anylown Bank A en Download latest cleared wansactiere and balancers Manage My Passwords Update Now Cancel 4 Type the password for the financial institution you re updating transactions for 5 Click Update Now Quicken updates your transaction data 6 Continue with Compare updated transactions to your Quicken register on page 22 Manage your income and expenses 21 Connect to your financial institution through its Web site 1 Atthe bottom of the register where you want to update information click Downloaded Transactions 2 Click Update Transactions Quicken displays the login page of your financial institution s Web site 3 Log into your financial institution s Web site navigate to your transactions and select the option to download to Quicken 4 If the File Download dialog appears specify that you want
8. If you want to see account information that isn t displayed in the default views click Customize View to modify an existing view You can see some of the information in the portfolio views broken into smaller graphical pieces in the Investing Center Choose Investing menu gt Go to Investing e Center and then click Performance For example the Average Annual Return snapshot on the Performance tab and the Historic Performance view in the Portfolio both include information about average annual return In the Group by list select how you want your investments grouped Optional In the As of field enter another date Optional If the Portfolio displays asterisks indicating that data is missing and you want to correct the issue see Improve the accuracy of your investment data on page 53 For more information about missing data choose Help menu gt Quicken Help click the Search Quicken Help tab enter placeholders and click Ask Manage your investments 51 Run investment related reports and graphs 1 Choose Reports menu gt Reports amp Graphs Center Quicken displays the Reports amp Graphs window In the Quicken Standard Reports list on the left click Investing Quicken displays the list of available investing reports Select the report you want to run In the date field change the date or date range for the report Optional Click Show Report If the report has a corresponding graph you can click Show Gra
9. Quicken adds them to the transaction list for you If you added your investment accounts online you re ready to start updating transactions If you added your accounts another way and want start updating transactions see Chapter 3 for information about how to get set up How you update transactions with your financial institution depends on the way it communicates with Quicken If multiple connection methods are available Quicken ensures the best experience by attempting the most direct connection methods first e When you click Update Transactions on the Download Transactions tab of the register you want to update if Quicken displays customer ID and password fields you can connect directly to your financial institution through Quicken See the next section Connect directly to your financial institution through Quicken Manage your investments 55 e When you click Update Transactions on the Download Transactions tab of the register you want to update if Quicken displays your financial institution Web site you must download transactions to Quicken from there See Connect to your financial institution through its Web site in the next section If your brokerage doesn t support transaction update with Quicken at this time see Manually enter transactions on page 58 for information about how to keep your accounts up to date Connect directly to your financial institution through Quicken 1 Atthe bottom of the register w
10. click Next to move through the pages Click the Help icon if you need more information Next steps Now that you ve finished setting up the accounts you want to track in Quicken you re ready to see how Quicken can help you prepare for tax time To learn more about Search Quicken Help for updating quotes or stock prices updating transactions from my financial institution storing passwords Password Vault matching downloaded transactions to transaction list transactions resolving placeholder entries deciding how complete to make historical data adjusting the cash or share balance of an investment account reviewing your asset allocation view Morningstar ratings for mutual funds tracking stocks that you don t own exporting your Quicken portfolio to the Web updating quotes updating transactions passwords review and accept investment transactions placeholders historical data adjusting share balance asset allocation mutual fund ratings Watch List Quicken com portfolio Manage your investments 61 62 Quicken 2008 Plan for tax time Get help for tax time 64 Track your paycheck 64 Track your tax deductible expenses 68 Use the Tax Planner 70 Run tax related reports 71 Next steps 72 Before you start At a minimum you should complete Chapter 2 Manage your income and expenses being sure to add the account into which you deposit your paycheck What you ll need You ll need a rece
11. next section Adjust a paycheck 64 Quicken 2008 Choose Tax menu gt Go to Tax Center In the Taxable Income YTD snapshot click Add Paycheck Quicken displays the Paycheck Setup wizard If Quicken displays the Manage Paychecks dialog instead click New to open the Paycheck Setup wizard In the Paycheck Setup wizard click Next Follow the on screen instructions click Next to move through the pages Click the Help icon if you need more information Use the following guidelines as you add the information about your paycheck Select the account you want to deposit the paycheck into Enter the date of the first deposit when Quicken should remind you to enter your paychecks into the account register and how often you re paid Click the double arrows gt gt to the left of Scheduling to display the required fields if necessary Click Edit on the right side of the appropriate area to enter the figures for gross pay and deductions from your recent paycheck stub in the Setup Paycheck dialog or to change the name category or amount of a paycheck item You can edit the amount of a paycheck item directly or you can click the Edit button to change the name category and amount of a paycheck item all at one time Earnings Name Category __ Amount Salary Income Salary OUT Edi Delete Add Earning w Click the Add button in the lower left corner of the appropriate area to add a paycheck item to
12. report click eae sy to get started Show Report or meg Show Graph bermen P Net Worth amp Balances P musnes v EasyAnswer Manage Toolbar Reports Manage Saved Reports 3 Click Spending by Category to see what you re spending your money on or click Spending by Payee to see where you re spending your money 4 Select the date or dates you want the report or graph to include Optional 5 Click Show Report or Show Graph Quicken displays a report or graph that reflects your expenses based on the categories or payees you assigned when you entered transactions Manage your income and expenses 19 Q Spending by Category 5 x Delete Export Dataw Go to Category List Preferences How Do I z KA EE a g TAn If mi move your 7 T pointer over repo SpendingibyiCateqary IE totals with details Date range Year to date x Column None availab le the pointer Click the PLUS or 1 1 2007 through 8 9 2007 turns into a MINUSsign to the left Show Graph magnifying glass of a category to display Expand al Collapse al E Double click to zoom or hide the 1 1 2007 in on the details co rresp on d i n g Category Description 8 9 2007 subcategories E ili Auto dili Fuel 960 00 ih Clothing 539 13 ght Dining 1 220 00 lili Entertainment 430 00 lili Gifts Given 168 00 Some reports include a iore 1 999 96 i Househol 280 00 trend graph icon to the left aE andi of
13. 000 00 1 20 8 625 97 6 280 61 Quicken Credit Card 238 00 _ sint Checking 1 000 00 1 20 402 14 402 14 You can also click to 11 467 08 Subtotal 9 028 11 6 682 75 expand and minimize Investing En the list of accounts vy Joint Savings 500 00 1 0 2 200 97 2 200 97 customize Aad Account Subtotal 2 200 97 2 200 97 EE _ Total 11 229 08 8 883 72 Net Worth 509 653 76 on Add Account Edit Accounts E Quicken Bill Pay L Quicken opens the register and selects an empty transaction Jim s Main Checking lt lt To Cash Flow Center Transactions Overview J Delete Find Transfer Reconcile Write Checks Set Up Online Vieww Reporte Options w Date a Num Payee Payment Clr Deposit Balance Category Tag Memo 9 16 2007 DEP Jimmy s paycheck 1 545 00 9 790 97 A V Form Form 9 16 2007 Chavez MegaMarket 120 00 9 670 97 Split Split 9 16 2007 ais Wong Gourmet Goods 40 00 9 630 97 Groceries 9 19 2007 Sched AnyTown Water 20 00 9 610 97 Utilities Water Enter Edit Split Attach 10 1 2007 E Atm Payee Payment Deposit Category Tag Memo Click this field to begin Click this field to assign a Click this button to entering a transaction category to the transaction save the transaction Enter a payment transaction 1 Select an empty transaction at the bottom of the register 2 Entera date a check number a payee such as AnyTown Water and a payment amou
14. 105 00 105 00 0 00 Lot 1 16 1998 29 98 3 502335 105 00 105 00 0 00 Lot 2 1 1998 29 98 3 502335 105 00 105 00 0 00 Lot 2 16 1998 29 98 3 502335 105 00 105 00 0 00 Lot 3 1 1998 29 98 3 502335 105 00 105 00 0 00 Lot 3 16 1998 29 98 3 502335 105 00 105 00 0 00 Do all financial institutions offer online account services with Quicken The number of financial institutions that offer online account services for banking and investing with Quicken continues to grow For a complete list of financial institutions that offer online account services choose Online menu gt Participating Financial Institutions Use online account services 33 Set up online account services Continue with this section if you want to learn how to pay your bills online or you have existing cash flow or investment accounts that you set up manually and want to start updating transactions for If you re just adding cash flow or investment accounts skip this chapter and see Add your cash flow accounts on page 9 or Add your investment accounts on page 44 Setting up transaction update in Quicken and all online payment services such as Quicken Bill Pay requires two steps signing up for the service and then activating the account If you signed up for transaction update when you added the account in Quicken continue with Activate transaction update on page 35 as soon as you receive a customer ID and password from your financial institution Sign up for
15. 18 Quicken 2008 Get answers with Quicken reports and graphs Quicken reports and graphs can show you how you re spending your money for a wide number of time periods When you assign categories to your transactions Quicken can show your spending based on what you spend your money on When you assign payees to your transactions Quicken can show your spending based on where you spend your money On page 8 you learned how to create a minireport for a single category from the register You can also create minireports for single payees from the register However when you want to look at data for several categories or payees at one time use the Reports amp Graphs Center 1 Choose Reports menu gt Reports amp Graphs Center Quicken displays the Reports amp Graphs window 2 In the Quicken Standard Reports list on the left click Spending Quicken displays the list of available spending reports and when applicable corresponding graphs Preferences Z How Oo 1 Click Spending to Quicken Standard Reports My Saved Reports display a list of PBM ick available spending v Spenden en stores reports and graphs eere Ee the kri you and then click the ape the My i one you want T peia evan cer Saved Reports list Haoa Tan Chom Raper Show Graph You can create Oe wre folders to FRIES Ee a organize your Dg saved reports When you re D incom and nerve by Poveo Click Manage ready to run the D Sose Saved Reports
16. Cash Flow page includes the In Out What s Left snapshot as well as reports that provide insight into the data consolidated in the snapshot The In Out What s Left snapshot displays your income and expenses for the current month but you can see projections of future months or information for past months by clicking the arrows on either side of the month above the snapshot Accounts Projected Cash Flow Cash Flow _ My Savings Plan Monday October 1 2007 4 October 2007 Select Accounts IN OUT OCT 1 OCT 31 OCT 1 OCT 31 Expected Income 3 099 00 vas wous A Other Deposks 1 000 00 Other penses 2 05 ee abs eg o Transfers to Savings 0 00 sf o erya mnd vern another month Cash Flow difference for Uct 225 64 3 864 36 Tota avaliable Urougi xt 31 8 884 44 Cash Now Details W Curent Balance on Oxt t 10 083 40 Add Transaction Add Transaction Total 4 038 Spending Graph Click the Add Transaction button to add more income sources or expenses Scheduled Bills amp Deposits The values and estimates in the In Out What s Left snapshot are made up the bills deposits and transfers you schedule and record each month Scheduled bills and depositsare reminders of expected income and expenses that you have told Quicken about For example if you used Express Setup to set up your current Quicken data file then the In area of the snapshot displays the paychecks and othe
17. Center In the upper right corner click Today s Data In the Investment amp Retirement Accounts snapshot click Add Account U B Ww N In the This account is held at the following institution field enter the name of the financial institution that holds this investment account If your financial institution is in the list that Quicken displays select it If it s not in the list type its name Be sure to correctly identify your financial institution Quicken needs the official company name not an abbreviation to determine which services are offered by that institution Manage your investments 59 6 Select 401 k or 403 b and click Next x Choose the type of account to add C Standard Brokerage Use this for stocks mutual funds bonds stock options and stock purchase plans C IRA or Keogh Plan Use this for traditional Individual Retirement Accounts Roth IRA s SEP IRA s SIMPLE IRA s Education IRA s and Keogh plans IOR u 03 b retirement plans C 529 Plan Use this for 529 college savings plans C Single Mutual Fund Use this for single mutual funds purchased directly from a mutual fund company Dividends are reinvested and there is no cash balance Cancel Next 7 Follow the on screen instructions click Next to move through the pages Click the Help icon if you need more information When you finish adding the account Quicken displays the Overview page for the accou
18. Center the Quicken Home page choose Tools menu gt Go to Quicken Home and the Scheduled Bills amp Deposits List choose Tools menu gt Scheduled Bills amp Deposits List When the payment is due Quicken displays the payment instruction on the Scheduled Bills amp Deposits tab at the bottom of the appropriate register 12 Attheright side of the window click Pay to send the payment instruction as described on page 37 The online payments continue until the last payment you specify or until you cancel the repeating online payment instruction For more information about canceling online payments choose Help menu gt Quicken Help click the Search Quicken Help tab enter cancel online payments and click Ask Use online account services 41 Next steps So far you ve set up your cash flow accounts and learned how to pay your bills online Now you re ready to see how Quicken can help you manage your investments Turn to the next chapter to learn more To learn more about bills automating regular payments using online payees security storing passwords Password Vault updating transactions from my financial institution online transfers Search Quicken Help for handling bills scheduling bills online payees online features and security passwords updating transactions about transferring money online 42 Quicken 2008 Manage your investments Decide which accounts to track 44 Add your investment a
19. In the Taxable Income YTD snapshot click Edit Paycheck In the Manage Paychecks dialog select your paycheck Click Edit make any necessary changes and click Done e Ifyou want to change when Quicken reminds you to enter your paycheck into the account register or how often you re paid click the double arrows gt gt to the left of Scheduling e If this paycheck was added to Quicken as a net deposit as would be the case if you added the paycheck during Express Setup you may need to click Track Deductions to display the fields where you enter your deductions Click the Help icon if you need more information In the Manage Paychecks dialog click Done when you have finished adjusting your paycheck Enter a paycheck into the register If you told Quicken to remind you to enter your paycheck into the register when it s due Quicken places a reminder about the paycheck on the Scheduled Bills amp Deposits tab at the bottom of the appropriate register Quicken also places a reminder on the Cash Flow page in the Cash Flow Center and on the Quicken Home page In this section you ll learn how to enter the transaction that you ve told Quicken to remind you is due on the Quicken Home page 1 2 Get your most recent paycheck or your paycheck stub if you have direct deposit Choose Tools menu gt Go to Quicken Home If you re upgrading from a prior version of Quicken and have customized your Home page you ll also need to click the Ho
20. Split Osten Nam Paree Payment Cr Depok e Category Tag Men Dp 1O00 beng T Gym 5 on 20 9 al Meath amp Ftress Enter tet Sput G attach 10272007 MogeMert Paymore 3 Durness Icons Auts Paracel U parea j fut Pont Persona Espen Business Expenees Ee ee ded Personal Erperse Personal Income Aha Registration Personal Expense Personal Expenses AutsSarven Par cord U sparren I amp rhOwo Personal Expeme Transfers Cash Personal Expense sa Coleg Charty Personal Erpense Oarty Non Cath Personal Experta Odkeore Personal Experse cera Persona Expense 3 Stew hidden categories Show Pull Lot Click the Split button to add multiple categories to a transaction Quicken displays the Split Transaction dialog Enter multiple categories to itemize this transaction use the Memo field to record more details Category Tag Memo Amount il Groceries picnic things 50 17 2 Household vacation home light bulbs 4 83 3 Petty Tash cash back from ATM card 100 00 Three categories are assigned to one transaction The Petty Cash line is atransfer to your cash account 3 On each line select a category enter a tag optional enter a memo optional and enter the amount to be assigned to the category Repeat until you have split the transaction among all the appropriate categories and the sum of their amounts equals the transaction total 4 Click OK to save the split information 5 Click Enter to save the transaction
21. Split transactions are useful for breaking single transactions into several categories for example when you purchase both food and medicine at the supermarket However split e transactions aren t the ideal way to enter all the monthly transactions for a credit card The best way to track credit card purchases is to create an account for the credit card and then enter each purchase as a separate transaction That s it Now you re ready to review your accounts 14 Quicken 2008 Review your cash flow activity Quicken makes it easy to track the activity of your cash flow in a way that emphasizes what s important to you The Cash Flow Center provides a number of ways to view your income and expenses along with many useful tools to help you analyze and manage them You ll find a different focus on each page of the Cash Flow Center Choose Cash Flow menu gt Go to Cash Flow Center and click the button that has the information you want Cash Flow helps you track what My Savings Plan helps plan what you actually spent and made you want to save and spend for for the month the current month Home Cash Flow Investing Accounts y v Projected Cash Flow Cash Flow My Savings Plan Data Analysis amp Reports My Data focuses on your Analysis amp Reports current cash flow provides an in depth accounts and balances analysis of your income and expenses over time Track your monthly income and expenses The
22. also learn how to do that Manage your income and expenses 9 Add cash flow accounts online 1 Choose Cash Flow menu gt Go to Cash Flow Center 2 Inthe upper right corner click My Data 3 Inthe Spending amp Savings Accounts snapshot click Add Account i Home Cash Flow x Investing EN Property and Debt Y Financial Click the MINUS sign P er to minimize the el Accounts Q My Data Cash Flow My Savings Plan My Data Account Bar list and Cash Flow the PLUS sign t expand de pm 0 00 Cash Flow Alerts l Options v El Investing You currently have no cash flow alerts 0 00 R You can also click to Property amp Debt Show all alerts Set Up Alerts expand and minimize 0 00 the list of accounts Spending amp Savings Accounts Options v Manage your daily finances Add cash flow accounts Add Account Edit Accounts S53 Quicken Bill Pay Credit Card Accounts Track your credit card spending Add credit card accounts Customize Add Account Options w 0 00 Add Account Edit Accounts Click these buttons to start adding accounts 4 Follow the on screen instructions click Next to move through the pages Click the Help icon if you need more information Use the following guidelines when you add the account The order in which Quicken requests this information varies from one financial
23. and password follow the on screen instructions If your financial institution doesn t support Express Online Setup you can set up the account manually as described in Add brokerage accounts manually on page 46 Name your account Enter a name for each account you want to add to Quicken If you already added investment accounts in Quicken you can match the account you downloaded from your financial institution to an existing Quicken account Manage your investments 45 Set your cash balance When Quicken finishes downloading your account information it displays a summary window Click the arrow to the left of the financial institution name to display all the accounts added for the financial institution and click the name of the account that you want to open Then in the Cash Balance Adjustment dialog verify the cash balance at your financial institution If the Cash Balance Adjustment dialog doesn t provide a cash balance or the provided cash balance is incorrect enter the cash balance from your brokerage s Web site for the day you re setting up the account and then click Done When you download account information and transactions for more than one account at the same time Quicken displays a flag to the left of each account name in the Account Bar list with downloaded information Click the account name to open the account If you ve minimized the Account Bar list you ll first need to click the PLUS sign to re
24. and other valuable tools in minutes choose Help menu gt Add More Investing amp Tax Tools If you re using Quicken Premier you ll also have access to the What Should Sell component of the Capital Gains Estimator where you can specify goals such as offsetting gains with losses and have Quicken suggest sales of investments that can help you meet your goals e Choose Tax menu gt Itemized Deduction Estimator to review your expenses and make sure that you re taking all the deductions to which you re legally entitled To learn more about Search Quicken Help for tax related categories tax related categories setting up alerts setting up alerts estimating capital gains estimating capital gains 72 Quicken 2008 Determine your net worth Put it all together 74 Track your home value and associated loan 74 Track a vehicle value and associated loan 76 Add other asset and liability accounts 77 Analyze your net worth 77 Next steps 79 Before you start To get acomplete picture of your net worth you should enter all the financial information discussed in the previous chapters before you continue with this chapter If you have completed the previous chapters most of your work here is done What you ll need You ll need information about the purchase price and value of your assets home vehicle and so on as well as information about any loans that might be associated with them 73 Put it all together Altho
25. categories 68 76 tracking cash 9 credit cards 9 homes 74 income and expenses 15 investment accounts 44 other assets and liabilities 77 paycheck deductions 64 tax information 64 vehicles 76 transaction download See updating transactions transaction list U overview 5 a transactions 55 58 updating new accounts 10 11 44 transactions updating transactions adding images and notes to 37 activating 35 clearing 27 28 and comparing to Quicken data 22 57 comparing 22 57 and having categories assigned by Quicken 8 entering manually 23 58 23 matching 22 57 renaming payees 23 online payment 36 signing up for 34 overview 5 using a direct connection 21 56 paycheck 64 using a Web connection 22 56 scheduled 66 upgrading to Quicken Premier 49 updating 21 55 transferring funds between accounts 25 V TurboTax 64 types of accounts vehicles 76 asset and liability 74 viewing portfolio information 5 1 bank9 cash flow 9 W investment 44 Watch List adding securities to 48 Web connections identifying participants 21 56 updating transactions with 22 56 What if scenarios 83 What Should I Sell Capital Gains Estimator 72 Index 89 90 Quicken 2008
26. in the house account register to reflect the current market value This way you can track your equity As the home s value changes over time you can enter additional transactions to keep the equity value current If you told Quicken that you have a mortgage on the house Quicken adds two accounts one for the positive value of the house a house account and one for the negative value of the loan a house loan account Quicken then displays the Edit Loan wizard LT x r Loan Information Opening Date 4 18 2006 B Original Balance 180 000 00 eel Original Length 30 Years z Compounding Period Daily z r Payment Period Standard Period Monthly z C Other Period Lj Cancei Next 7 Enter the requested information about your home loan When you finish Quicken displays the Edit Loan Payment dialog Determine your net worth 75 Enter the payee s name here Quicken assigns a category to the part of your payment that goes to interest This Edit Loan Payment bx r Payment Current Interest Rate Principal and Interest Other amounts in payment Full Payment 5 0 1 475 00 E Cancel om Address 1 475 00 Pay Now r Transaction Type Payee Memo FE Help Payment z Payment Method nyTown Mortgage Lender 5 18 2007 5 may be tax deductible 8 NY Next Payment Date Category for Interest e Mortgage Int Bank
27. kinds of accounts discussed in previous chapters For example if you want your plan to include the value of your house but you haven t yet added your mortgage and associated loan accounts Quicken lets you do so during the planning process Create your plan 1 Choose Planning menu gt Go to Planning Center 2 In Planners click Retirement Planner Quicken displays the Retirement Planner Introduction window lar Click Next to get started Quicken walks you through the process If you have added the accounts discussed in previous chapters much of your work is already done Don t worry if you haven t you can add them here 3 Click Next to move through the planner pages recommended or go directly to an area of interest on the left side of the window To prepare the most complete plan enter all the information that Quicken requests In many cases Quicken links to dialogs that contain explanations of terms or forms that you need to fill out Click the underlined text to go to these linked dialogs 82 Quicken 2008 Review your plan The Plan Results snapshot in the Planning Center displays a graph of your projected account balances from the present until the end of the plan and tells you if you can retire when you want to If there s still some information you need to enter before Quicken can create your plan Quicken displays a link to the Planning Assumptions window instead of a graph Click Check to open the Planni
28. month c i a Wednesday E of th Payment Information The Fist Wednesday S Mey Mar The last day of every month Account to use aims Main Checking z Method Payment z Schedule this transaction aa 3 n With no end date IT This is a repeating online payment What is th r Only until amp Web site Web ste address Go O To end after 3 times Amount 50 00 8 Estimate from last gt a payments Use full credit card balance Options OK Cancel 4 Enter the payee information e Inthe Payee field enter who receives this payment In the Category field select the appropriate expense category e Inthe Tag field select the appropriate tag Optional 38 Quicken 2008 5 Enter the payment information e In the Account to use list select the account you want to make the payment from Inthe Method list select Online Payment from Quicken This option appears only if the account you re making the payment from is activated for online payment Inthe Amount field enter the payment amount 6 Enter the scheduling information e In the Start on field enter the date you want the first payment made and the action Quicken should take when the payment is due Select Remind me to have Quicken remind you to enter the payment in the register and enter a number of days before the due date When the Quicken reminds you the payment is due follow the instructions in the next section Recor
29. must send the payment transaction as described in the next section Send payment transactions Financial institutions require different lead times to process a payment so transmit the payment from Quicken to your financial institution before it s due For more information about lead times choose Help menu gt Quicken Help click the Search Quicken Help tab enter ead time and click Ask You can set up repeating online payments for payments that occur at regular intervals For more information about repeating online payments see Use repeating Q online payments on page 41 Send payment transactions You must send your payment transactions to your financial institution or Quicken Bill Pay 1 Choose Online menu gt One Step Update 2 Select the payment you want to send 3 Type a password for the financial institution you re sending the payment to 4 Click Update Now Quicken marks sent online payment transactions with a lightening bolt Date a Ni Payee Payment Clr Deposit Balance Category Tag Memo 8 21 2007 LJ Atam Erin McCarthy DDS 80 00 Depost 1 420 00 lie V Medical Doctor fag Memo AnyTown Restaurant Enter Edit Split Attach 478 Dining You can attach images such as checks receipts or other images to a transaction Or if a transaction requires follow up or more information you can also add flags notes and alerts J ust click the Attach button to get started That s it You
30. see an overview of your tax situation Tax Computation Then click a tax item to see more detail Ad pestis Tan Due At any time you can click a schedule or worksheet on the left side of the window for more detail about a specific area When you do this pay particular attention to the details at the bottom of the window which is where the Tax Planner identifies the source of its calculations If you don t see the calculation details at the bottom of the window click Show Details You can use your actual Quicken data import your TurboTax data from the previous tax year enter new values manually or have Quicken base the calculations on scheduled bills and deposits If you need assistance click the question mark in the upper right corner of the Tax Planner window 70 Quicken 2008 Run tax related reports You don t have to wait until tax time to review your tax information In fact you probably won t want to Use the included tax reports to help you keep an eye on your tax information throughout the year 1 Choose Reports menu gt Reports amp Graphs Center Quicken displays the Reports amp Graphs window 2 In the Quicken Standard Reports list on the left click Tax Quicken displays the list of available tax reports e Capital Gains displays short term and long term sales that are subject to capital gains tax If the report displays asterisks indicating that data is missing the bottom of the report includes
31. the category Click the fh Tax 14 475 00 icon to display your ih Utilities 1 493 00 average monthly spending mann Credit Card 3 040 00 Our Home Loan 2 299 59 for an expense category or hin Chris s Brokerage 7 000 00 payee over the past year la Jimmy s 401 K 10 500 00 alt Jimmy s ESPP 1 950 00 OVERALL TOTAL 51 655 09 6 To print the report to paper or to a PDF click the Print icon To export the report to another program like Excel or to the Clipboard click Export Data Click the Help icon if you need more information Optional 7 Click Save Report type a unique name for the report select or create the folder or area where you want to save the report and click OK Optional The next time you want to open the saved report you can do so from the My Saved Reports list on the right side of the Reports amp Graphs window To add a link for the report to the Quicken toolbar so you can access the report with a single click right click the Customize toolbar Spend some time experimenting with reports to get an idea of the different kinds of financial information that Quicken can provide Try customizing a report to change how it is laid out orthe scope of information it includes saved reports retain their customized settings Notice that when you run another report the original report is minimized in the taskbar at the bottom of the screen so you can easily return to it at any time during your Quicken session 20 Quicken 2008 Up
32. transaction update 1 Open the register for the account that you want to set up for transaction update Jim s Main Checking To Cash Flow Center Transactions Overview Delete Find Transfer Reconcile Write Checks Set Up Online View Reporte Options w Date a Num Payee Payment Clr Deposit Balance Category Tag Memo 9 11 2007 AnyTown Bell 80 00 1 870 00 Utilities Telephor 9 15 2007 DEP Jimmy s paycheck 1 545 00 3 415 00 Y Split Split 9 19 2007 Anytown Water 40 00 3 375 00 Utilities Water Enter Edit Split Q Attach af20f2007 E5 Aum Payee Payment Deposit Category rag Memo d Ending Balance 3 375 00 Download Transactions a Scheduled Bills amp Deposits 0 Due J t3 Set Up Download Set Up Online Payment Save time automatically keep this account up to date ya To display the maximum number of Click Set Up Download to set up transactions in the register at one online account services with Quicken time click the arrow to minimize the Download Transactions tab and the Scheduled Bills amp Deposits tab 2 Onthe Download Transactions tab click Set Up Download 3 Follow the on screen instructions to obtain a password The application process and terminology are different for each financial institution Be sure to specify that you want online account services with Quicken You may be able to sign up for both transaction update and online payment orjust transaction
33. 658 18 55 653 03 Chris s Coupe Our Home Loan Net Worth 401 463 29 78 Quicken 2008 Net Worth Current 517 610 26 116 146 97 401 463 29 Year Assets Liabilities Net Worth 474 068 80 119 533 89 354 534 91 Optio Diff 43 541 46 3 386 92 46 928 38 The snapshots in this center include only the account totals listed in the Account Bar list If you choose Tools in 100 000 00 2 1 2006 12 2006 242007 4 2007 6 2007 842007 10 2007 menu gt Account List click the Manage Accounts tab and select the Hide in Quicken Don t include in Totals or Hide In Navigation check box for an account the account total information for that Show Full Graph Show Net Worth Report in 100 000 00 5 4 io fie amp P Cash Flow HM investments B Property and Debt account won t appearin the Financial Overview Center snapshots Run a Net Worth report This report shows your net worth as of a specified date Quicken calculates your net worth by adding the balances of your checking savings cash asset and investment accounts your assets and then subtracting from that total the balances of your credit or charge card and liability accounts your liabilities 1 Choose Reports menu gt Reports amp Graphs Center Quicken displays the Reports amp Graphs window 2 In the Quicken Standard Reports list on the left click the arr
34. 76 average annual return 49 B backing up data 3 29 balance online 26 bill payment through your financial institution 34 with Quicken Bill Pay 35 bills amp deposits scheduling 38 bonds naming 58 tracking 44 brokerage accounts tracking 44 C capital gains 54 72 Capital Gains Estimator 33 72 Capital Gains report 71 car 76 cash accounts tracking 9 cash flow adding new accounts 10 12 entering new transactions 21 23 managing accounts online with Quicken vs Web browser Cash Flow Center 4 15 66 85 categories adding new 13 assigning 13 14 68 on updated transactions 23 overview 5 8 reporting on 8 19 76 splitting 14 tax 68 69 76 centers Cash Flow Center 4 15 66 description of 4 Financial Overview Center 4 78 Investing Center 4 48 Online Center 36 Planning Center 82 Property amp Debt Center 4 74 Tax Center 64 comparing updated data to Quicken data 22 57 cost basis overview 53 credit cards benefits of Quicken Credit Card 11 tracking 9 customizing reports 20 D data entry in the register 24 in the transaction list 55 reducing 21 32 55 debts home mortgage 74 other 77 vehicle loan 76 deductions paycheck 64 direct connections identifying participants 21 55 updating transactions with 21 56 E employee stock purchase shares tracking 44 entering data historical for 401 k s 59 historical for investments 53 in the register 21 24 in the transaction list 55 58 missing 54 ente
35. Quicken modifies the totals in the Account Bar list and the totals in the account snapshots in the centers including the Financial Overview Center described below However selecting this check box won t affect the totals in the Net Worth report described on page 79 For more information choose Help menu gt Quicken Help click the Search Quicken Help tab enter net worth and click Ask Determine your net worth 77 Use the Financial Overview Center This center shows changes to your assets and liabilities including cash flow and investment accounts over time It also shows you the percentage of your finances in each type of account 1 Click the Financial Overview tab at the top of Quicken 2 If necessary click the Net Worth button in the upper right corner Quicken displays the Financial Overview Center You must have Quicken Deluxe or Quicken Premier To learn how to add this and other valuable tools in minutes choose Help menu gt Which Quicken is best for you Home Cash Flow Investing Property and Debt Financial Overview Dr Net Worth Cash Flow Jim s Main Checking 8 826 84 Jim s Main Checking2 6 025 69 Joint Checking 402 14 Joint Savings 2 200 97 Quicken Credit Card 200 00 17 655 64 Investing Chris s Brokerage 124 150 70 Jimmy s Emp S 7 536 00 Jimmy s ESPP 31 967 92 Jimmy s 401 k 164 500 00 328 154 62 E Property amp Debt Chris s Coupe Our Home 15 000 00 157 000 00 2 688 79 113
36. Track your paycheck While you could choose to enter the net amount of your paycheck as a deposit in your register if you do so you loose all the details about the paycheck such as amounts added to your 401 k or deducted for federal taxes Therefore Quicken provides a special paycheck feature that tracks gross amounts deductions and net amounts for each paycheck This simplifies a great deal of your tax planning in Quicken Even if you initially added only the net amount of your paycheck in Quicken as would be the case for any paychecks added during Express Setup you can still use the paycheck feature to add deduction information now The paycheck feature also works if your paycheck varies from one pay period to the next J ust adjust the details as necessary when you enter the paycheck transaction Add a paycheck When you use a recent paycheck stub to add the financial details from your paycheck Quicken remembers these details each time you enter a paycheck into the register You receive the maximum benefit from the tax tools in Quicken such as the Tax Planner by setting up your paycheck at the beginning of the tax year If you re not setting up your paycheck at the beginning of the tax year Quicken helps you to adjust your year to date YTD totals Use this procedure to add a new paycheck to Quicken If you simply want to add deduction information to a paycheck added to Quicken for example during Express Setup then skip to the
37. a blue link called Placeholder Entries followed by a blue link called Show me Click Placeholder Entries to learn how to resolve placeholder entries Click Show me to go to the place in Quicken where you can correct the issue For information about when and why missing data is important see Improve the accuracy of your investment data on page 53 e Tax Schedule displays tax related transactions subtotaled by tax form line item If you plan to export tax information to tax software this is the report to use e Tax Summary displays tax related transactions subtotaled by category If you have purchased Quicken Home amp Business this report can help you identify potentially deductible business expenses that Quicken needs more information about so you can resolve them before tax time For more information about resolving potentially deductible expenses see the other user manual that comes with Quicken Getting Started with Quicken Home amp Business 2008 You ll find an electronic copy of the manual on the Web choose Help menu gt User Manuals To learn how to add this and other valuable tools in minutes choose Help menu gt Add More Investing amp Tax Tools If you re using Quicken Premier Quicken also provides the following three tax reports Schedule A displays itemized deductions from only the Schedule A section of the Tax Schedule Schedule B displays interest and dividend income from investment and noninvestment acc
38. about the accounts you want to trackin Quicken This chapter discusses checking and savings accounts as well as cash and credit card accounts What you ll need If you want Quicken to help you add accounts by downloading account and transaction information you should register Quicken Choose Help menu gt Register Quicken If you don t see Register Quicken on the Help menu you ve already registered If you want to add accounts manually you ll need your most recent statements for the checking savings and credit card accounts you plan to track with Quicken Learn how categories help manage your finances Before you begin managing your income and expenses in Quicken you should understand how Quicken tracks financial information As mentioned on page 5 the key to money management in Quicken is categories Categories are labels that track how much you re spending on particular types of items such as rent groceries or dining For example you might use the Clothing category with the following transactions e A check for 229 13 for a new jacket e Acredit card purchase of 100 00 for some mail order boots e A few cash purchases for new school clothes for the kids totaling 210 00 Because these transactions use the same category it s easy to produce a minireport for the Clothing category like the one shown below And if you want to see how much you ve spent on clothing in greater detail just click the Show Report button at the bot
39. account as described in Add brokerage accounts online on page 44 Otherwise use the following procedure Note The 401 k setup and tracking tools appear only if you re using Quicken Deluxe or Quicken Premier To learn how to add this and other valuable tools in minutes choose Help menu gt Add More Investing amp Tax Tools 1 Get the 401 k statements that you want to enter into Quicken If you re not concerned with historical information you could start with your most recent statement and enter just your current holdings during setup If you want to include historical information for net worth purposes choose the appropriate option e If your financial institution doesnt provide share balance information and transaction history then you must decide on a starting date before you add the account Typically you would get all your statements and enter holdings information in chronological order starting with the oldest statement After you ve added the account you can t enter statement information that occurred before the date of the earliest statement you use to set up the account e If your financial institution does provide share balance information and transaction history then you can set up the account with just your most recent statement and enter your historical information at a later point as described in Improve the accuracy of your investment data on page 53 Choose Investing menu gt Go to Investing
40. account in Quicken and then click Continue Quicken updates your transactions 5 Continue with the next section Compare updated transactions to Quicken data If Quicken doesn t recognize the name of one or more downloaded securities it displays the Matching Securities dialog Select Yes to match the security to an existing one in your Security List Shown at the top of the dialog or select No to add the security to the Security List 56 Quicken 2008 Compare updated transactions to Quicken data After you update Quicken displays the updated transactions at the bottom of the appropriate transaction list When you accept a new downloaded m EE transaction Quicken Chris s Brokerage leen adds it to the nn pane aR an T transaction list Ten ETT F 12 19 2007 Bought Domini erie R F 2 545 shares 27 508841 70 01 New 12 19 2007 Bought Domini Social Index 2 545 shares 27 508841 70 01 Delete Quicken compares the downloaded transactions to ones you have already entered in the transaction list if any transactions are the same Quicken labels the downloaded transaction Match If there is no match Quicken labels the downloaded transaction New If two transactions are almost a match but differ in some way Quicken labels the downloaded transaction Near Match For example Quicken labels transactions that have a difference of a few cents between the transaction cost in Quicken and your brokerage s data as Near Mat
41. age both the investing transactions and cash transactions for an account in the same place Transaction List Osea Actom secway eereter vw Ane atte ata Date Action Security Description I Inv Amt Cash Amt Cash Bal 10 1 2007 Bought Smith Value Index 11 299435 shares of Smith Value 200 00 200 00 300 00 Transactions Within each Quicken register you enter individual transactions that correspond to your real world income and expenses For example you could enter check number 313 for 39 96 to McCarthy Produce as a paymenttransaction in your checking account Similarly you would enter your paycheck as a deposit transaction in the same account Date a Num Payee Payment Clr Deposit Balance Category Tag Memo 10 1 2007 DEP Jimmy s paycheck 1 545 00 9 775 97 g Form Form 10 2 2007 313 McCarthy Produce 39 96 9 736 01 Groceries 10 3 2007 AnyTown Gas amp Electric 50 00 9 686 01 Utilities Gas amp Electric Enter Edit Split Attach 10 3 2007 Alum Payee Payment Depost BIB zee Memo If you bank online you can download your transactions directly into the register so you don t have to enter them manually You ll learn how in Chapter 2 Categories To get the most out of Quicken you should assign one or more categoriesto each transaction Categories track the source of a deposit Salary the reason for an expenditure Utilities Water or the name of the account to which
42. ant to start updating transactions for If you re just adding cash flow or investment accounts skip this chapter and see Add your cash flow accounts on page 9 or Add your investment accounts on page 44 What you ll need You must connect to the Internet and register Quicken Choose Help menu gt Register Quicken If Register Quicken isn t on the Help menu you ve already registered You must also sign up for online account services with a participating financial institution as described in Set up online account services on page 34 31 Choose online account services The online account services in Quicken give you convenient day and night access to your accounts In Quicken two available online account services are transaction update and online payment Transaction update helps you keep your accounts up to date improves the accuracy of your record keeping and simplifies reconciling your monthly statements You can update transactions from your participating bank brokerage or other financial institution directly into Quicken and compare your financial institution s records to your own Typically when a check clears the bank a credit card purchase is processed or your broker executes a buy or sell order you ll get the details the next time you update e Online payment helps you save time at every step of your regular bill paying chores You enter a payment transaction in Quicken and then send the payment electro
43. aps a subcategory to the category list for you and associates it with the correct tax form and line item 7 Click the Summary tab at the top of the window for summary information about deduction types Optional 8 Click the Action tab at the top of the window for additional information about deductions and steps to take Optional You can return to the Deduction Finder at any time to add more tax related categories If you need more assistance than the Deduction Finder provides the Quicken Tax Center provides links to tax forms publications and tools that can provide more detailed information Choose Tax menu gt Go to Tax Center In the lower right corner of the Tax Center in Online Tax Tools click the underlined text Review tax related categories If you have added your own tax related categories or changed a standard category s tax line item Quicken can help you make sure that you have assigned the correct tax line item 1 Choose Tax menu gt Tax Category Audit Quicken checks all your categories and lists the categories that meet the following criteria Standard Categories aren t linked to their original tax line items or are linked to incorrect tax line items User defined Categories may need to be linked to different tax line items 2 Select the appropriate action for each category Quicken displays e Click Change to edit a category make the necessary changes and click OK Click the Help icon for more informati
44. are important for calculating the tax rate that applies to your capital gains tracking this information can save you alot of time and effort when you file your taxes This option is the only way to take full advantage of the tax and investment tools in Quicken You ll need the date you first purchased each security the price you paid forit and all transactions that have occurred since the purchase date Estimate Average Cost lets you improve the performance data for your current holdings If you have held the account for many years or have a lot of transactions this is a fast and easy way to get started until you can enter all your historical transactions For each security you ll need the total cost of the entire holding or the average price you paid per share Choose Investing menu gt Go to Investing Center In the upper right corner click Today s Data In the Investment amp Retirement Accounts snapshot click your investment account In the upper right corner click Transactions In the transaction list select the placeholder entry you want to resolve 54 Quicken 2008 6 Inthe Inv Amt field click Enter Cost Quicken displays the Enter Missing Transactions dialog Q Enter Missing Transactions i xj Enter Missing Transactions for Chang Scholes Machinery This security is missing all or part of its transaction history When you downloaded or manually entered transactions the total number of shares in those transac
45. can track the value of anything that you own asset or owe liability in Quicken Following the same procedures as in the previous sections add any asset or liability accounts that you want Quicken to include when evaluating your financial situation For each account enter a value that you think is a good estimate of the total value of your assets or liabilities If you don t want to track your assets or liabilities in great detail you can group them together in a single asset or liability account Note When you add a house or vehicle account Quicken prompts you to add the associated liability account and loan if any To get the most complete picture of your financial health don t forget to add a liability account and loan for any other assets you owe money on You can add liability and loan accounts in the Property amp Debt Center choose Property amp Debt menu gt Go to Property amp Debt Center You can add them in either order since after you add one of them Quicken prompts you to add the other To add a liability account in the Property amp Debt Accounts snapshot click Add Account To add a loan in the Loan Accounts Summary snapshot click Add Loan Analyze your net worth Now that Quicken has more information about your finances you can learn more about the value of your net worth If you have selected the Dont Include in Totals check box for any account in the Account List choose Tools menu gt Account List
46. ccounts 44 Track your portfolio s performance 48 Update your investment accounts 53 Add 401 k retirement accounts 59 Next steps 61 Before you start Think about the types of investment accounts you want to track in Quicken including brokerage accounts IRAs 401 k s and so on What you ll need If you want Quicken to help you add accounts by downloading account and transaction information you should register Quicken Choose Help menu gt Register Quicken If you don t see Register Quicken on the Help menu you ve already registered If you want to add accounts manually you ll need the last statement you received for each investment and retirement account that you plan to track in Quicken When you re ready to capture cost basis and capital gains information for an account you ll need all past and current statements for the account 43 Decide which accounts to track In this chapter you ll learn how to set up brokerage and 401 k accounts For information about adding other types of investment accounts choose Help menu gt Quicken Help click the Search Quicken Help tab enter add investment accounts and click Ask The following table can help you decide which account types best suit your financial situation To track this real world account Add this Quicken account type Investments such as stocks including stock options and Standard brokerage employee stock purchase shares bonds and mutual funds If you wr
47. ch transactions This difference can occur due to your brokerage s rules for rounding off decimals You have two options for accepting the downloaded transactions into your transaction list Accept All or Accept Accept All is the fastest way to accept transactions into your transaction list and it is a good option if you download all the transactions for the account Accept is the most accurate way to accept transactions into the transaction list because you review each one and it is a good option if you enter some of the transactions into the account manually e Click Accept All in the lower right corner of the Downloaded Transactions tab to accept all your downloaded transactions into your transaction list at once Quicken displays a message if some transactions require manual resolution and guides you through the process Select each downloaded transaction on the Downloaded Transactions tab Click Accept if Quicken has correctly identified it as a New Match or Near Match transaction Click Continue if you have transactions from other sources to accept Click Done after you have accepted all the transactions If Quicken has incorrectly identified the transaction click the Help icon for more information You can also click the Help icon for more information if Quicken prompts you to compare your brokerage s holdings to your holdings in Quicken or adjust your holdings amount That s it You can see how your investments are doing with th
48. cial institution s Web site navigate to your transactions and select the option to download into Quicken If you need to apply fora customer ID and password follow the on screen instructions 10 Quicken 2008 If your financial institution doesn t support Express Online Setup you can set up the account manually as described in Add cash flow accounts manually on page 12 Name your account Enter a name for each account you want to add in Quicken If you already added cash flow accounts in Quicken you can match the account you downloaded from your participating financial institution to an existing Quicken account View the register When Quicken finishes downloading your account information it displays a summary window Click the arrow to the left of the financial institution name to display all the accounts added for the financial institution and then click the name of the account that you want to open This is where you ll review or enter future transactions to keep your account up to date as described in Update your cash flow accounts on page 21 But first see Assign categories on page 13 to verify the categories Quicken has assigned to your transactions If Quicken hasn t assigned a category because Quicken doesn t recognize the payee assign a category and a payee When you download account information and transactions for more than one account atthe same time Quicken displays a flag to the left of each ac
49. ck market indexes in the Watch List click Edit Watch List and select the Watch check box for each market index you want to display If the market index you want to follow isn t e in the Security List click Choose Market Indexes at the top of the Security List to add it Quicken uses the market indexes in the Security List in the Growth of 10 000 Comparison snapshot on the Performance tab To learn more click the What is Growth of 10 000 link at the bottom of the Growth of 10 000 Comparison snapshot 48 Quicken 2008 Track your average annual return Your average annual return often called the internal rate of return IRR is the cumulative total return on your accounts expressed as an annualized figure It includes dividends interest and other payments you receive plus increases and decreases in the market value of your securities Generally if the average annual return on an investment is 10 percent that investment is performing as well as a bank account that pays 10 percent interest in the same time period For information about how Quicken calculates this and other investment performance measures choose Help menu gt Quicken Help click the Search Quicken Help tab enter investment calculations and click Ask You can view the average annual return for an individual account all accounts only investment accounts or only retirement accounts 1 Choose Investing menu gt Go to Investing Center 2 Inthe upper right corner cl
50. count name in the Account Bar list with downloaded information Click the account name to open the account If you ve minimized the Account Bar list you ll first need to click the PLUS sign to restore the list to its full size Add a Quicken Credit Card account online With one step setup and downloading features the Quicken Platinum Select MasterCard is easy to use with Quicken By using your Social Security number as a temporary password you can start downloading account and transaction information right away Online application information is kept on a secure server and protected by a firewall If you already have a Quicken Credit Card use the following procedure to add the account and transactions to Quicken To apply for a Quicken Credit Card choose Tools menu gt Quicken Services In Featured Products under Quicken Credit Card click Apply Now and follow the on screen instructions 1 Choose Cash Flow menu gt Go to Cash Flow Center In the upper right corner click My Data In the Credit Card Accounts snapshot click Add Account Select whether this credit card is personal or for a business and click Next U B w N Select Yes want to connect to Citibank Quicken Credit Card through Quicken and click Next 6 Follow the on screen instructions click Next to move through the pages Click the Help con if you need more information When Quicken finishes downloading your account information Quicken display
51. d expenses 27 4 Click OK e Ifthe account is online Quicken marks all your updated transactions as cleared in the Statement Summary window Click each transaction that occurred after your statement ending date to clear the check mark from the Statement Summary window e Ifthe account isn t online Quicken displays the Statement Summary window without any transactions selected Select each transaction that appears on your statement to mark it as cleared in Quicken It s a good idea to check off each transaction on the paper statement as you go along too When you finish reconciling cleared transactions will have an Rin the Quicken register s Clr column 5 Ifthisisn t an online account orit hasbeen some time since your last update you may need to add transactions that are on your statement but aren t listed in the Statement Summary window e On the toolbar click New to add transactions to the register Inthe register click Return to Reconcile to return to the Statement Summary window 6 Click Finished when the difference shown in the lower right corner of the Statement Summary window is 0 00 If the difference shown in the lower right corner of the window isn t 0 00 decide how you want to resolve the discrepancy You may have forgotten to enter a transaction or accidentally entered one twice For example perhaps your financial institution has recorded a service charge or dividend that you haven t entered into Quicken yet For inf
52. d scheduled bills in Quicken Select Automatically Enter to have Quicken enter the payment in your register automatically After the payment is in the register send the payment as described in Send payment transactions on page 37 In the How often field enter the frequency with which you want the transaction to recur Enter how long the payment should be made 7 Click OK Quicken adds the payment instruction to the Scheduled Bills amp Deposits List choose Tools menu gt Scheduled Bills amp Deposits List If you told Quicken to remind you to enter your payment when it s due when the time comes to enter the scheduled bill into the register Quicken places a reminder about the payment on the Scheduled Bills amp Deposits tab at the bottom of the appropriate register Record scheduled bills in Quicken If you told Quicken to remind you to record the payment for a bill when it s due Quicken places a reminder about the payment on the Scheduled Bills amp Deposits tab at the bottom of the appropriate register Quicken also places a reminder in the Cash Flow Center choose Cash Flow menu gt Go to Cash Flow Center on the Quicken Home page choose Tools menu gt Go to Quicken Home and in the Scheduled Bills amp Deposits List choose Tools menu gt Scheduled Bills amp Deposits List In this section you ll learn how to respond to the reminder in the register 1 Open the register you re making the payment from 2 C
53. date your cash flow accounts The easiest way to keep your accounts up to date is to download transactions from your financial institution If you prefer you can also enter new transactions manually Updating transactions Updating transactions saves you time Instead of entering transactions into Quicken manually you update them when you go online from within Quicken After you review them Quicken adds them to the register for you If you added your cash flow accounts online you re ready to update transactions whenever you want If you added your accounts another way and want to start updating transactions see Chapter 3 for information about how to get set up How you update transactions with your financial institution depends on the way it communicates with Quicken If multiple connection methods are available Quicken ensures the best experience by attempting the most direct connection methods first e When you click Update Transactions on the Download Transactions tab of the register you want to update if Quicken displays customer ID and password fields you can connect directly to your financial institution through Quicken See the next section Connect directly to your financial institution through Quicken e When you click Update Transactions on the Download Transactions tab of the register you want to update if Quicken displays your financial institution Web site you must download transactions to Quicken from there See
54. e the following guidelines when you add the account The order in which Quicken requests this information varies from one financial institution to another Identify your financial institution If your financial institution is in the list that Quicken displays select it If it s not in the list type its name Be sure to correctly identify your financial institution Quicken needs the official company name not an abbreviation to determine which services are offered by that institution Decide how to set up the account If your financial institution supports Express Online Setup Quicken helps you download your account data and balance information e After you specify that you want to add your accounts online if Quicken displays customer ID and password fields you can probably add the account and transaction information for all your accounts from the financial institution at the same time Enter the customer ID and password if you have them or follow the on screen instructions to obtain them e After you specify that you want to add your accounts online if Quicken displays your financial institution s Web site you probably need to add the account and transaction information from the financial institution one account at a time If you already have your login information log in to your financial institution s Web site navigate to your transactions and select the option to download into Quicken If you need to apply for a customer ID
55. e tools described in Track your portfolio s performance on page 48 Manage your investments 57 Manually enter transactions The easiest way to keep your account up to date is with transaction update If you havent set up transaction update to keep your financial information current you should manually enter all new transactions as they occur Quicken includes forms to help you enter each type of investment transaction and the forms are a good way to quickly become familiar with the kind of information each type of investment transaction requires After you re familiar with this information you can enter investment transactions directly in the transaction list instead Regardless of how you enter investment transactions into Quicken Quicken assigns the appropriate investment categories to the transactions and tracks the tax consequences for you For this reason you don t want to change the investment categories in the Category List choose Tools menu gt Category List that begin with an underscore for example 401Contrib To manually enter investment transactions with investment forms follow these steps Choose Investing menu gt Go to Investing Center In the upper right corner click Today s Data In the Investment amp Retirement Accounts snapshot click your investment account In the upper right corner click Transactions U B U N e In the upper left corner click Enter Transactions Click Enter Transacti
56. e your checkbook with just a few clicks whether you reconcile the account with your financial institution s online records or the regular paper statement For more information about reconciling accounts see Reconcile your cash flow accounts on page 26 or choose Help menu gt Quicken Help click the Search Quicken Help tab enter reconciling and account and click Ask Manage investing accounts online in Quicken You may be able to see your holdings and recent transaction history and even buy and sell securities on your financial institution s Web site However Web sites typically don t track lots or history beyond a few months If you enter those same transactions into Quicken or better yet download them directly from your brokerage you ll have easy access to a level of detail not available elsewhere Quicken also offers these benefits e Ifyou add a Quicken account for each of your real world investment accounts you can analyze all your investments in one place no matter how many different financial institutions you use The Investing Center and the investing reports give you fundamentals performance history and analysis For more information about analyzing your investments see Track your portfolio s performance on page 48 e You can save time Instead of entering transactions into Quicken manually you update them when you go online After you review them Quicken adds them to the transaction list for you e Y
57. elocate to a different part of the country Change information such as current and future homes and assets living expenses and special expenses e What if sell some of my assets and take a trip around the world Change information such as investments and living expenses 1 Choose Planning menu gt Go to Planning Center if the Planning Center isn t already displayed 2 Inthe Plan Assumptions snapshot click Explore What If s Quicken displays the What If window 3 Inthe Choose a goal type list select a goal type Quicken displays this field only after all you have answered all of the plan assumptions 4 Click any What if I link Develop a long term plan 83 Select a goal from the list Choose an option for reaching this goal sooner or with less effort Choose sheta you wart to nickade you spouse or parer nthe pian U heset What SN you and you pater we nat ega marad chh Hele hor more lemah Make your changes in the About You dialog Quicken displays the result in the What If window 2718 1350 671371958 Retirement age E EN FS Calculate 2 Calculate 5 Select the appropriate option e Click Reset What If to reset the What if values and try out new ones Optional e Click Save What If as Plan to change your current plan based on the What if calculations Optional e Click Close Without Saving to close the What If window without saving any changes Next step
58. en Bill Pay You can activate your account and start using Quicken Bill Pay with the user ID and password you created when you signed up for the service 1 Open the register for the account you want to set up for Quicken Bill Pay 2 Onthe Download Transactions tab click Set Up Online Payment 3 If Quicken displays a dialog with the option to select between Quicken Bill Pay or online payment through your financial institution click Activate in the Quicken Bill Pay area 4 Inthe Customer ID and Password fields type your user ID and password 5 Click Next and follow the on screen instructions 6 Continue with step 5 in Make payments online in the next section Make payments online To make payments online you must have signed up for Quicken Bill Pay or activated online payment with a participating financial institution service fees may apply After you do you can add payment transactions to Quicken and transmit them to your financial institution or Quicken Bill Pay For more information about managing bills in Quicken choose Help menu gt Quicken Help click the Search Quicken Help tab enter pay bills and click Ask Add payment transactions Adding payment transactions from the Online Center is even easier than writing a check but the first time you do so you ll need to give Quicken the name address and phone number for each payee You ll also need to provide an account number 1 Choose Online menu gt Online Center
59. en Bill Pay allows you to pay all of your bills in one place directly from Quicken or on the Web Designed to work with both Quicken cash flow and investment accounts Quicken Bill Pay lets you receive and pay bills online from multiple U S accounts with check writing privileges enrollment approval and additional fees apply service subject to change 1 Open the register for the account you want to set up for Quicken Bill Pay Jim s Main Checking To Cash Flow Center Transactions Overview Delete Find Transfer Reconcile Write Checks Set Up Online View Reporte Optionsw Date a Num Payee Payment Clr Deposit Balance Category Tag Memo 9 11 2007 AnyTown Bell 80 00 1 870 00 Utilities Telephor 9 15 2007 DEP Jimmy s paycheck 1 545 00 3 415 00 Y Split Split 9 19 2007 Anytown Water 40 00 3 375 00 Utilities Water Enter Edit Split Q Attach 9 20 2007 E5 Aum Payee Payment Depost Category Tag Memo Ending Balance 3 375 00 Download Transactions Scheduled Bills amp Deposits 0 Due _ Set Up Download Set Up Online Payment Save time automatically keep this account up to date Click Set Up Online Payment to set up Quicken Bill Pay 2 On the Download Transactions tab click Set Up Online Payment 3 Follow the on screen instructions to complete and submit the enrollment application for Quicken Bill Pay Use online account services 35 Activate Quick
60. gns a category to the transaction confirm that it is the correct category If Quicken hasn t assigned a category because it doesn t recognize the payee assign a category and a payee For information about changing categories or adding them to transactions see Assign categories on page 13 Repeat steps 1 and 2 for each downloaded transaction Click Done The Done button appears when you have accepted the transactions from all sources for example Pocket Quicken WebEntry and downloaded transactions online payments and transfers from your financial institution If you ve downloaded transactions from multiple sources accept the first batch of transactions and then click Continue to accept the next batch of transactions If there are payments and transfers to be accepted you must first handle these transactions by clicking either Accept or Ignore before continuing with transactions from any other source After you re done accepting transactions see Reconcile your cash flow accounts on page 26 for information about how to reconcile your account Manually enter transactions The easiest way to keep your account up to date is with transaction update If you havent set up transaction update to keep your financial information current you should manually enter all new transactions as they occur That is each time you write a check make a deposit or transfer funds enter that information in Quicken Use the following guideli
61. he category you want to change and click the Edit button Click the tab for Category List the type of 2e ore RIE category you gr etre Form 1040 IRA contribution self want to see N a Gio Daceton e r Type C Income Expense TT Spending is not discretionary C Subcategory of z Tax Tax ine tem LO H Tax related categories E OEE have a white check mark C Extended ine tem ist in a red circle to the left of a the category name and the associated tax line item to the right 4 Cancei 68 Quicken 2008 Add additional tax related categories Your Quicken file may not contain all the tax related categories that you need For example if you subscribe to certain periodicals that are directly related to the production or collection of tax related income you may want to track this information in Quicken Follow these steps to add tax related categories to your Quicken file 1 Choose Tax menu gt Deduction Finder In the Choose a deduction type list select the type of deduction you want to investigate In the Choose a deduction list select a deduction In the corresponding questions list on the right answer the questions U B Ww N Click More Information at the bottom of the window to get more information about a deduction Optional 6 Click Create Category at the bottom of the window when you find a deduction that you d like to track Optional Quicken adds the category and perh
62. here you want to update information click Downloaded Transactions 2 Click Update Transactions 3 Select what you want to update with the financial institution x One Step Update Settings MM Financial Institutions Passwords 2 W AnyTown Brokerage Q pe M Download latest transactions balances and holdings Manage My Passwords amp Update Now Cancel 4 Type the password for the financial institution you re updating transactions for 5 Click Update Now Quicken updates your transaction data 6 Continue with Compare updated transactions to Quicken data on page 57 If Quicken doesn t recognize the name of one or more downloaded securities it displays the Matching Securities dialog Select Yes to match the security to an existing onein your Security List shown at the top of the dialog or select No to add the security to the Security List Connect to your financial institution through its Web site 1 Atthe bottom of the transaction list where you want to update information click Downloaded Transactions Quicken displays the login page of your financial institution s Web site 2 Login to your financial institution s Web site navigate to your transactions and choose the option to download to Quicken 3 If the File Download dialog appears specify that you want to open the file from its current location 4 If Quicken prompts you to do so match the online account with the correct
63. ick Performance The Performance tab appears only if you re using Quicken Premier To learn how to add this and other valuable tools in minutes choose Help menu gt Add More Investing amp Tax Tools 3 On the Performance toolbar select whether you want to view the average annual return for retirement accounts only for all your investment accounts or for a customized group of accounts Optional 4 In the Average Annual Return snapshot view the average annual return for your accounts Quicken displays annualized figures for 1 year 3 years and 5 years Options Y Account Chris s Brokerage Jimmy s Emp Stock Options Jimmy s ESPP All Listed Accounts Dow Jones Industrials 4 61 6 29 1 60 NASDAQ Composite 4 60 5 85 1 96 10 56 These calculations do not include reinvested dividend income What is Average Annual Return Show security performance Show security performance comparison Click Show security performance Click Show security performance to see how each security is comparison to see how the total contributing to the total return return for each security compares for an account with the change in the stock s industry over the same time periods Manage your investments 49 Set a target asset allocation Your current asset allocation shows how your current investments are divided among asset classes You can view the asset allocation for an individual account all accounts only in
64. ings E Scheduled Bills Categorized Left Over worksheet Spending Type Allocation Credit Card Debt 0 Savings 40 Scheduled Bills 998 E Categorized Spending 507 Auto Gas 100 You can customize the Savings Plan to track the things that are most important to you Apply Clothing 100 Dining 100 Entertainment 100 Groceries L 100 Choose Categories to Watch Totals 1 545 Show Spending Report 3 To adjust your expected income for the month click Edit enter the new number and click OK Quicken starts with the value of your regular paycheck but you should adjust this amount to account for bonuses transfers from savings months where you expect to place a lot of expenses on credit cards and other fluctuations in the total monthly resources available to the plan 4 Use the Savings Plan worksheet below the horizontal bar status graph to set up your plan As you enter or change amounts click Apply to the right of the field you re editing to save your changes For more information about each of the sections in the worksheet click the Help icon to the right of the section title Keep cash flow account data current You can download transactions to keep your account information current You ll learn how in Update your cash flow accounts on page 21 But first you ll learn about one of the easiest ways to get answers in Quicken reports and graphs
65. institution to another Identify your financial institution If your financial institution is in the list that Quicken displays select it If it s not in the list type its name Be sure to correctly identify your financial institution Quicken needs the official company name not an abbreviation to determine which services are offered by that institution Decide how to set up the account If your financial institution supports Express Online Setup Quicken helps you download your account data and balance information e After you specify that you want to add your accounts online if Quicken displays customer ID and password fields you can probably add the account and transaction information for all your accounts from the financial institution at the same time Enter the customer ID and password if you have them or follow the on screen instructions to obtain them Note Your customer ID and password are defined by your financial institution Your customer ID may be an account number or some other number assigned by your financial institution It may also be the user name you use to log in to your financial institution s Web site e After you specify that you want to add your accounts online if Quicken displays your financial institution s Web site you probably need to add the account and transaction information from the financial institution one account at a time If you already have your login information log in to your finan
66. ite checks or use a debit card against this type of investment account you can also track those transactions Individual retirement account including traditional IRA IRA or Keogh Roth IRA Education IRA Keogh Plan or SEP IRA 401 k and 403 b retirement accounts 401 k or 403 b 529 college savings plans 529 Plan Mutual funds that meet the following requirements Single mutual fund a you purchase them directly from the mutual fund company b they re tracked in accounts by themselves and c the mutual fund company reinvests earnings and dividends in the same security so the account doesn t carry a cash balance Add your investment accounts For many financial institutions you can update all your account information and three to six months worth of transaction information at one time Later if you want to use the performance tracking and tax planning tools in Quicken Quicken shows you how to add additional information such as cost basis And setting up your accounts for transaction update doesn t save you time only when you add the accounts you can keep your accounts current by going online and updating transactions rather than entering them into Quicken manually First you ll learn how to add brokerage accounts online If you can t use the following procedure to download 401 k accounts see Add 401 k retirement accounts on page 59 If you would prefer to add your brokerage accounts manually you ll a
67. keeping download transactions as they clear directly from your participating bank or credit card company understand where your money goes Pay bills online instead of mailing checks schedule bills download transactions into accounts you re already managing in Quicken Track the purchase price change in market value and performance of your retirement plan or investments download investment transactions and holdings information directly from your broker make informed investing decisions reduce your tax liability know what your stock options are worth Cut the time you spend each year preparing your tax return minimize your tax bill Understand the overall state of your financial health Determine when you can retire save money to send your kids to college find out if you can afford to quit your job and stay home when the baby arrives Chapter 2 Manage your income and expenses on page 7 Chapter 3 Use online account services on page 31 Chapter 4 Manage your investments on page 43 Chapter 5 Plan for tax time on page 63 Chapter 6 Determine your net worth on page 73 Chapter 7 Develop a long term plan on page 81 Quicken 2008 Learn the essentials Take a few minutes right now to familiarize yourself with some essential Quicken terms and concepts You ll see these terms throughout this guide and while you re using Quicken Files Quicken saves your financial information in a data fileon your com
68. lick the Scheduled Bills amp Deposits tab at the bottom of the register 3 Locate the payment transaction Use online account services 39 4 Attheright side of the window click Enter AnyTown Gas amp Electric Due Soon 8 03 2007 AnyTown Gas amp average of the last 6 transactions 50 00 Deposits and Other Scheduled Transactid Show Report Due Today 8 01 2007 Jimmy s paycheck Due Today 8 01 200 To help you spot overcharges or Click the Enter button to enter the payment mistakes quickly and easily transaction in the register When you you can move the pointer over the tell Quicken to enter the payment payee name to see a minireport transaction in the register without prompting Quicken displays Auto instead of a Enter button Quicken displays the Enter Transaction dialog 5 Edit any individual elements of the payment Optional 6 Click Enter Transaction Quicken adds the payment transaction to your register and adds a Pay button to the right side of the window 8 21 2007 Erin McCarthy DDS 80 00 Pa After you enter a scheduled transaction for an online payment in the register Quicken displays a Pay button to remind you to send the payment 7 Attheright side of the window click Pay to send the payment transaction as described on page 37 You can set up repeating online payments for payments that occur at regular intervals For more information about repeating online payments see the next sectio
69. location with Quicken Online Backup service fees apply service subject to change 1 Ifitisn t already open open the datafile you want to back up 2 Choose File menu gt Backup Quicken displays the Quicken Backup dialog Quicken Backup x Quicken Backup Backup data file QDATA QDF Select this check box to add a date after the On my computer e g CD or floppy disk data fi l e name A d ate Select the disk dive and path to the backup folder can help you determine ps Browse which data file is the Insert your formatted disk in a drive now Alternate between two disks mo st recen t instead of always backing up to the same one IT Add the date to file name ODATA 20071001 This will help you identify which file is the latest backup C Online CES Online Protect your most important data with Quicken Online Backup For pennies a day you can securely store your data online and put your mind at ease Learn more am already an Online Backup customer OK Cancel 3 Select the appropriate option e Click On my computer to back up to an external source such as removable drives CDs DVDs and so on Enter or browse to the backup location if necessary Quicken backs up the file then displays a message telling you that the backup was successful e If you have already signed up for Quicken Online Backup click Online and then click OK Quicken Online Backup encrypts your data and sends it to be safe
70. lso learn how to do that Add brokerage accounts online 1 Choose Investing menu gt Go to Investing Center 2 Inthe upper right corner click Today s Data 3 Inthe Investment amp Retirement Accounts snapshot click Add Account 44 Quicken 2008 Home A Cash Flow 7 Investing x Property and Debt N Financial Overview N Accounts X Today s Data Today s Data Performance Cash Flow Jim s Main Checking 8 625 97 Download Quotes Joint Checking 402 14 Joint Savings 2 200 97 Investment Alerts Options v Quicken Credit Card 238 00 You currently have no investment alerts 11 467 08 Pe Show all alerts Set Up Alerts B Investing 0 00 Investment amp Retirement Accounts Options w 0 00 Manage your investments and retirement funds Add investing accounts E Property amp Debt Add Account Edit Accounts Show Report Go to full Portfolio Watch List Options v Track the performance of stocks mutual Funds or indexes by downloading the latest quotes From the Internet Select securities to watch Customize Add Account Add a security Edit Watch List Download Quotes Go to full Portfolio Net Worth Click the Add Account button to start adding accounts 4 Follow the on screen instructions click Next to move through the pages Click the Help icon if you need more information Us
71. ly stored If you haven t yet subscribed to Quicken Online Backup click Learn more for information about the benefits and cost of the service When you re ready to sign up click Get Started Now below the cost information Manage your income and expenses 29 Next steps If you re updating transactions in Quicken you might be thinking how nice it would be pay your bills online If so turn to the next chapter to get started To learn more about Search Quicken Help for attaching images to transactions and accounts updating transactions from my financial institution storing passwords Password Vault matching downloaded transactions security saving reports so you can run them again making reports look the way you want backing up data restoring data you have backed up moving data from one computer to another images updating transactions passwords review and accept cash flow transactions online features and security saving reports customizing reports back up Quicken data files restore Quicken data files move files between computers 30 Quicken 2008 Use online account services Choose online account services 32 Set up online account services 34 Make payments online 36 Schedule online payments 38 Next steps 42 Before you start Continue with this chapter if you want to learn how to pay your bills online or you have existing cash flow or investment accounts that you set up manually and w
72. me button Choose the appropriate option Select Calendar to view your scheduled bills and deposits for each day of the month e Select List to view your scheduled bills and deposits as a list Then in the Show list select whether you want to view all your bills and deposits just your current bills and deposits your transactions by month or your transactions by status Locate and click the paycheck transaction 66 Quicken 2008 5 Select the paycheck transaction and click Enter When you view your scheduled bills and deposits as a list the Show list lets you view only the bills and deposits that meet certain conditions Cash Flow Investing Property and Debt Financial Overview amp Bills and Deposits Mame Maan View More v Create New Views Reber 2007 Add Ball or Depout Set Up Paycheck Show Fui List S Show Current by Status M j Due Ano Web Action Due Today so Enter P a gt Jimmy s paycheck Click Enter to record the transaction in the register Quicken displays the Edit Current Paycheck and Enter into Register dialog 6 Edit the paycheck amount Optional 7 Click Enter to record the paycheck transaction in your register If you re using the In Out What s Left snapshot to help manage your spending you should add scheduled transactions for other transactions that occur at regular 6 intervals such as bill payments deposits and account transfers For more information about the In Out What
73. mmary tab of the account where you hold that security You can click either link to get started As you enter the missing transactions that Quicken needs to calculate your cost basis Quicken subtracts shares from the placeholder entry until it equals zero Until you finish entering the complete transaction history Quicken will identify those calculations and performance measures in the Portfolio reports and snapshots that are based on incomplete transaction information Manage your investments 53 m Finsncisi Overy Chris s Brokerage To dmesg Canter Overview vern Transactions Transaction List 8 29 2004 Entry Chang Scholes Machinery 15 shares Enter Cost Placeholder Entry for holdings amount of 15 shares as of 8 29 2004 To enter cost basis information click the Enter Cost link on the m Sn Transactions page or the Enter Bata link on the Overview page E Chang Scholes Machinery 0 34 15 5 10 hd Placeholder 8 29 2004 15 5 10 Enter Quicken gives you two options for entering missing transactions each with its own requirements on B U N e Enter Missing Transaction lets you add all the missing transactions needed to compare the historical performance of your securities over time prepare accurate tax reports for both past and current holdings and make informed tax decisions about your investments For example you re in the ability to track ots or securities grouped by common purchase prices and dates which
74. mount of the deposit or the how Quicken should estimate the deposit amount 11 Inthe Scheduling area of the dialog enter the day this deposit should start whether you want to be reminded to enter the deposit into Quicken yourself or have Quicken enter it for you without prompting the frequency of the deposit and if and when the deposit should end Click the Help icon for more information 12 Click OK Quicken adds the deposit amount to the Expected Income section of the In area of the In Out What s Left snapshot Click Expected Income to see all the income Quicken is tracking for the month in question 16 Quicken 2008 Add a new payment transaction When you have a new bill to track in Quicken such as the payment amount for a new credit card it s just as easy to add a new scheduled transaction to track the payment In this section you ll learn how to enter a scheduled transaction for a basic payment You ll learn the specifics of adding and processing scheduled transactions for online payments in Chapter 3 Use online account services Choose Cash Flow menu gt Go to Cash Flow Center In the upper right corner click Cash Flow In the In Out What s Left snapshot in the Out area click Add Transaction Click Yes I would like to schedule this transaction In the Payee list enter who you make the payment to no U A WW N e In the Category field select Credit Card Payment If you added a credit card payment to Quicken du
75. n Use repeating e online payments 40 Quicken 2008 Use repeating online payments When you add a repeating online paymentto Quicken you send asingle payment instruction to your financial institution specifying the amount frequency and duration of a payment Your financial institution makes the payments for as long as you specify or until you cancel the payment instruction Many people use this type of payment for regular bills that are always the same amount such as car payments For more information about repeating online payments choose Help menu gt Quicken Help click the Search Quicken Help tab enter repeating online payments and click Ask 1 Open the register you want to make the payment from 2 Click the Scheduled Bills amp Deposits tab at the bottom of the register 3 Click Add Bill or Deposit Quicken displays the Schedule a Bill or Deposit dialog Enter the payee information and a category Enter a tag and a memo Optional In the Account to use list select the account you want to make the payment from In the Method list select Online Payment from Quicken Select the This is a repeating online payment check box Oo OO N O u A In the Amount field enter the payment amount 10 Enterthe date you want the first payment made and how often and for how long the payment should be made 11 Click OK Quicken adds the payment instruction to the Cash Flow Center choose Cash Flow menu gt Go to Cash Flow
76. n Water A 8 15 2007 AnyTown Insurance A 8 16 2007 AnyTown Bell Difference 0 00 7 checks debits sma 5 Click Finished Quicken marks each reconciled transaction with an R in the Quicken register s Clr column 6 Click Yesto print a reconciliation report Optional Reconcile an account to a paper statement When you receive a statement for an account that you re tracking in Quicken reconcile the statement with your Quicken data If you re updating transactions for the account you must take care to account for transactions that occur after the ending statement date 1 Open the account register 2 Onthe toolbar click Reconcile Reconcile Online Account Jim s Main Checking x r Reconcile To Reconcile to a paper statement only if you have never reconciled this account to an online balance Otherwise it may appear that Paper Statement Ending Statement Date 7 31 2007 5 Opening Balance 453 13 o transactions are missing or that your opening Ending Balance 798 76 e balance is wrong Online Balance Balance as of 8 19 2007 69 69 FE Auto reconcile after compare to register 3 Use your bank statement to enter the requested information except the opening balance which Quicken calculates for you Click the Help icon if you need more information When you re finished reconciling you can have Quicken make any needed adjustments in your register Manage your income an
77. n planning 82 Create your plan 82 Review your plan 83 Modify your plan 83 Next steps 84 Quicken 2008 Get started Decide how much detail you want to track 2 Learn the essentials 3 Get the most from this book 6 Welcome to Quicken Personal Finances 2008 Thank you for choosing Quicken Personal Finances 2008 to help manage your finances Each Quicken user has different financial goals sources of income and money management priorities The beauty of Quicken is that it is powerful and flexible enough to help most people manage their finances better This book describes a simple and complete path to setting up Quicken in a way that provides just the information you care about Use this chapter to learn how Quicken works and to decide how much detail you want from Quicken 2 Decide how much detail you want to track Some people use Quicken to manage only their checking accounts so they can keep track of their income and expenses Others use Quicken primarily to download investment transactions from their brokerage and make use of a wealth of analysis research and performance tracking tools Many people use Quicken to track all aspects of their financial lives including income and expenses investments assets and loans It s up to you to decide how much detail you want to track If you want to Refer to Save time and effort with your regular banking and bill paying chores improve the accuracy of your record
78. nes to help you decide which transactions to enter when you first begin using Quicken If you reconciled your last bank statement that is if you balanced your checkbook then enter all your outstanding transactions those that weren t cleared on the statement and those that have taken place since you reconciled If you didn t reconcile your last bank statement enter only transactions that took place after the statement date that you used when you added the account If you enter any transactions that took place before you added the account some of them might be accounted for twice once in the amount you entered for the opening balance when you added the account and once when you enter them again Manage your income and expenses 23 Open the register 1 Choose Cash Flow menu gt Go to Cash Flow Center if your register isn t displayed 2 Inthe upper right corner click My Data 3 Inthe Spending amp Savings Accounts snapshot click the account you want to open Open the accounts you add from the snapshot in the center or the Account Bar list Crore Y Inventing Property and bet Q Cash Flow My Savings Plan My Data Click the MINUS sign to minimize the Account Bar list and 5 Cash Flow Options v the PLUS sign to Janis Main Checking 8 625 97 Min Bal IntRate Current Balance Ending Balance Joint Checking 402 14 expand it Joint Savings 2 200 97 Jim s Main Checking 1
79. ng Assumptions window and then click and complete each assumption that doesn t have a check mark next to it If you want to see how a change in circumstances affects your plan or if your current plan doesn t succeed see the next section Modify your plan Modify your plan After you have entered enough data for Quicken to develop a plan you can experiment with your data in several ways to see how certain actions would change the plan Change assumptions Assumptions are the pieces of information used to generate your plan When you change an assumption Quicken immediately displays a new plan using the new information The Plan Assumptions snapshot in the Planning Center displays a summary of each of your plan assumptions as well as links that you can click to modify each one If you want to change several assumptions at once you can click the Change Assumptions button and then click the Edit button for each assumption you want to modify Consider What if One of the most powerful tools in the Retirement Planner is What if Using What if you can change many of your plan s assumptions without actually changing the plan itself Then you can decide whether you want to change your plan based on your What if calculations Here are a few examples of the kinds of questions What if can help you answer e What if quit my job and stay home when the baby is born Change information such as salary and living expenses e What if r
80. nically with just a few keystrokes application approval and additional fees apply Your financial institution may support both transaction update and online payment only transaction update or neither Even if your financial institution supports online payment consider that Quicken Bill Pay offers the added convenience of being able to pay your bills online from within Quicken from as many as 10 different accounts at different financial institutions for a single charge For more information about Quicken Bill Pay see Sign up for Quicken Bill Pay on page 35 Why is using online account services with Quicken better than using my financial institution s Web site Many financial institutions let you bank or manage your investments online using your Web browser However using Quicken to manage your cash flow and investment accounts offers many additional benefits Manage cash flow accounts online in Quicken You may be able to see your balances pay bills and even transfer money between accounts with your financial institution s Web site But generally you see only the limited number of transactions that have already cleared at your financial institution By paying bills and entering transactions in Quicken you know your actual ending balance including the transactions that haven t cleared yet Quicken also offers these benefits e Web banking generally can t provide a complete picture of your finances unless all your accounts a
81. nt 8 Click the Transactions tab to add cost basis information as described in Improve the accuracy of your investment data on page 53 Optional For more information about resolving placeholder transactions for 401 k s choose Help menu gt Quicken Help click the Search Quicken Help tab enter p aceho ders and click Ask Update your 401 k accounts Whenever you receive a statement for this account update the Quicken account information Some financial institutions support transaction update for 401 k accounts If your financial institution is one of them you can update transactions for your 401 k account just as you would any other brokerage account as described in Update transactions on page 55 Otherwise use the following procedure 1 Choose Investing menu gt Go to Investing Center 2 Inthe upper right corner click Overview 60 Quicken 2008 3 In the upper left corner click Update 401 k Holdings Quicken displays the Update 401 k 403 b Account dialog Update 401 k 403 b Account Jimmy s 401 k x Welcome to 401 k 403 b Update Use your most recent statement to update this account The previous statement ended 10 1 2007 This statement ends 1 31 2008 O Does your statement show how many shares of each security you own No C Yes Did you take out a new loan against this account during the last statement period No C Yes Cancel 4 Follow the on screen instructions
82. nt You can use the mouse or the TAB key to move from one field of the transaction to the next In the Category field select a category 3 4 Inthe Tag field select a tag Optional 5 Inthe Memo field type a memo or note Optional 6 Click Enter to save the transaction That s it You ve entered a payment transaction Keep going to learn about entering other kinds of transactions 24 Quicken 2008 Transfer funds to another Quicken account After you have set up multiple Quicken accounts within the same data file you can transfer funds between them For example if an annual bonus is deposited into your checking account you can transfer some percentage of the bonus to your savings account If you haven t set up multiple accounts in Quicken skip to the next section Enter a deposit 1 Open the register for the account that you want to transfer money from 2 Onthe toolbar click Transfer UJ Quicken displays the Record a Transfer between Quicken Accounts dialog with the current account selected in the Transfer Money From field In the To Account field select the account you re transferring money to In the Memo field type a memo or description Optional In the Date field enter the date of the transfer In the Amount field enter the payment amount Click OK Quicken enters the transfer transaction in the register The account you have made the transfer to appears in the Category field in square bracket
83. nt paycheck stub 63 Get help for tax time Quicken includes several tools to help you track your tax related income and expenses The Tax Center provides the most commonly used tools along with asummary of your tax related data and reminders about upcoming tax related dates Tracking tax related information in Quicken can be useful throughout the year long before April 15 For example Quicken can use your data to help you determine if you re having too much or too little deducted from your paycheck You can also review your deductible expenses on an ongoing basis The more tax related information you track in Quicken the easier your life can be when tax time does roll around If you plan to use TurboTax to prepare your taxes you ll find tools in the Tax Center to help you import your Quicken data directly into the TurboTax software Even if you dont use tax preparation software you can still use Quicken to print reports that consolidate a year s worth of information into a few pages copy the figures onto your tax forms and your work is practically complete In this chapter you ll learn how to use some of the tax tools in the Quicken Tax Center In particular you ll learn how to Add a paycheck that tracks your gross income and all the deductions taken out of each paycheck Keep track of tax deductible expenses Use the Tax Planner to estimate your tax liability e Create reports that summarize your tax related data
84. oan balance When you add a mortgage account Quicken adds both an asset account for the positive value you have in your home and a liability account for the value of your home loan 1 If you have the last statement you received for the mortgage account you plan to add get it now You can use the statement to enter the most recent values such as balance remaining on the mortgage while you re adding your account 2 Choose Property amp Debt menu gt Go to Property amp Debt Center 3 Inthe Property amp Debt Accounts snapshot click Add Account 4 Select House with or without Mortgage and click Next 74 Quicken 2008 5 In the Name this account field type the name by which you want to refer to this account in Quicken and click Next Quicken displays the Quicken Account Setup wizard for tracking a home Quicken Account Setup Exi Enter the starting point information When did you acquire this property 4 18 2006 Cj Purchase price 225 000 00 E Estimate its current value 250 000 00 g It s okay to enter approximate values You will be able to change them later Cancei 6 Follow the on screen instructions click Next to move through the pages Click the Help icon if you need more information Note When you add the account enter both the purchase price and the estimated current market value if you know it Quicken enters the purchase price as the opening balance and adds an adjustment transaction
85. on e Click Ignore to leave the category unchanged Plan for tax time 69 Use the Tax Planner Use the Tax Planner to prepare for the inevitable After you add a paycheck to Quicken and assign tax categories to a few tax related expenses you already have a wealth of tax related data at your fingertips The Tax Planner can use your Quicken data to help you anticipate the current year s tax liability You can then adjust your payroll exemptions if necessary You can also evaluate the tax implications of various tax related financial actions such as buying a home or selling stock Note To work effectively the Tax Planner needs year to date information for your gross pay and deductions If you did not add your paycheck at the beginning of the tax year and did not add year to date information when you added your paycheck to Quicken add this information as you go along If you need assistance click the question mark in the upper right corner of the Tax Planner window You can also choose Help menu gt Quicken Help click the Search Quicken Help tab enter year to date information and click Ask Choose Tax menu gt Go to Tax Center In Tools click Tax Planner On the left side of the Tax Planner window click How can Quicken help with Tax planning B OW N e Read the on screen instructions and then click Let s get started on the left side of the Tax Planner window i Tax Planner Summary Click Tax Planner Summary to
86. ons Investing C Property and Debt a Overview to open a dialog and De Chris Brokerage naemen omen veenman Transactions f select the action you Enter Transactions Joo fom Oe want to perform Edle Transaction List Date Acton Securty 6 Inthe Enter transaction list select the action you want to perform Investment transactions are at the top of the list and cash transactions are at the bottom of the list 7 Enter the information Quicken requests If you re adding a bond include the maturity date in the security name This will help you distinguish it from other bonds in your portfolio and make it easy to match the information you download with the information in Quicken 8 Click Enter New to record additional transactions and repeat steps 5 through 7 Optional 9 Click Enter Done 58 Quicken 2008 Add 401 k retirement accounts If you want the most comprehensive picture of your net worth or if you want help planning for your retirement be sure to track your retirement accounts In this section you ll learn how to add one of the most common types of retirement accounts the 401 k For information about how to add other types of retirement accounts such as IRAs choose Help menu gt Quicken Help click the Index tab and enter add investment accounts Most financial institutions let you add 401 k accounts online If your financial institution is one of them you can add your 401 k account just as you would a brokerage
87. ormation about resolving reconciliation discrepancies choose Help menu gt Quicken Help click the Search Quicken Help tab enter reconciling an account and click Ask If the difference still isn t 0 00 your best bet is to click Finished and let Quicken add an Adjust Balance transaction for you 7 Click Yes to print a reconciliation report Optional To run a reconciliation report at a later time choose Reports menu gt Banking gt Reconciliation 28 Quicken 2008 Back up your data file Quicken saves your data file on your hard disk each time you enter a new transaction However you should back up your Quicken data regularly so you always have a copy in case of a hardware failure or computer virus When you manually back up your Quicken data file with the following procedure if you have attached images such as receipts or statements to your Quicken transactions or accounts Quicken backs up these attachments with your data file only if there is enough room for all of them If there isn t enough room for all of your attachments none of them are included in the backup You can back up your Quicken data file to removable drives CDs DVDs and so on Backing up to floppy disks is the least reliable form of data storage and Intuit doesn t recommend that you use this method for your valuable financial data unless you have no other options Another way to safeguard your valuable Quicken data is to back it up every day to aremote
88. ou can take advantage of powerful tools such at the Capital Gains Estimator which helps you estimate which lots could realize the greatest after tax yield And the Capital Gains report can save you hours at tax time e Ifyou add all the historical transactions for your investments and you keep your accounts up to date Quicken adjusts the cost basis of your original lot to account for every buy sell stock split reinvested dividend and so on Quicken uses this information to calculate performance metrics And when you sell Quicken uses this information to calculate your capital gain or loss for tax reporting which is much easier than rummaging through old statements and transaction records and calculating cost basis manually To see your lots and cost basis at any time open the Portfolio choose Investing menu gt Portfolio and expand the security you want information about E Investing x Property and Debt a Financial Overview Na Portfolio Today s Data Performance Analysis Portfolio caii j ji CI IC k th e M N U S Download Quotes Download Historical Prices Options v SI g n to i Show Value z Group by accounts z Customize View As of 10 1 21 minimize the list of lots and the PLUS si gn to Name Quote Price Shares Market Value Cost Basis Gain Loss dit EY Timmy s 401k 164 500 00 164 500 00 0 00 expan It E Magierek Small Cap 29 98 823 04 24 675 00 24 675 00 0 00 Lot 1 1 1998 29 98 3 502335
89. ounts Schedule D displays realized gains or losses loss carryovers and long term capital gains distributions for securities in investment accounts To learn how to add these reports and other valuable tools in minutes choose Help menu gt Add More Investing amp Tax Tools Or navigate to the report in the Reports amp Graphs Center and click Unlock Report 3 Inthe date fields change the date or date range for the report Optional 4 Click Show Report 5 Click Customize to change the way the report is laid out or the scope of information it includes Click the Help icon if you need more information Optional 6 You can either close the report or chose one of the following options e Click the Print icon to print the report to paper or to a PDF e Click Save Report to save the report e Click Export Data to export the report to another program or to the Clipboard Click the Help icon if you need more information Plan for tax time 71 Next steps If you want to use Quicken to help you plan or manage your taxes in more detail try some of the other tools that Quicken provides e Inthe Tax Center in Tools click Tax Withholding Estimator to review whether you re over or underwithholding Inthe Tax Center in Tools click Capital Gains Estimator to help plan security sales so you can maximize after tax yields Capital Gains Estimator appears only if you re using Quicken Deluxe or Quicken Premier To learn how to add this
90. ow to the left of Net Worth amp Balances 3 Select Net Worth 4 In the Report Balance as of field change the date for the report Optional 5 Click Show Report or Show Graph Quicken displays a report or graph that shows the value of all your assets and liabilities If you want to exclude certain information from your Net Worth report click Customize make any desired changes and then click OK For example if you want a y report that excludes nonliquid assets such as your home click Customize and click to clear the check boxes next to the asset and liability accounts for your home on the Accounts tab Next steps Now you re ready to take advantage of one of the most powerful financial management features that Quicken offers The next chapter explains how to use Quicken to develop a long term financial plan for life events such as funding your retirement which can help you when you re ready to put your past and present financial data to work toward building your financial future To learn more about Search Quicken Help for tracking assets assets tracking physical tracking liabilities liability accounts managing loans about loans reducing your debt Debt Reduction Planner Determine your net worth 79 80 Quicken 2008 Develop a long term plan Begin planning 82 Create your plan 82 Review your plan 83 Modify your plan 83 Next steps 84 Before you start Think about when you would like to retire and wha
91. p you discover any errors You can reconcile almost any type of cash flow account including checking savings and credit card but how you reconcile an account varies depending on whether you re reconciling to an online balance online accounts only or a paper statement Reconcile an account to an online balance The fastest and easiest way to reconcile an account that you re updating transactions for is with your online balance Note After you decide to reconcile your account to an online balance you shouldn t switch to reconciling your account to a paper statement or it may appear that you re missing transactions or that your opening balance is incorrect 1 Open the account register 2 Onthetoolbar click Reconcile Quicken displays the Reconcile Online Account dialog r Reconcile To C Paper Statement Ending Statement Date B Opening Balance Ending Balance Online Balance Balance as of 8 19 2007 25 69 Auto reconcile after compare to register 3 Inthe Reconcile To area select Online Balance 4 Click OK Quicken displays the Statement Summary window marks all your downloaded transactions as cleared and shows the difference in the lower right corner as 0 00 26 Quicken 2008 Quicken marks all your downloaded transactions as cleared A 7 9 2007 AnyTown Cable T Franchise A 7 28 2007 AnyTown Dept Store A 7 31 2007 Withdrawal Monthly Syc Chg A 8 13 2007 AnyTow
92. ph instead If the report displays asterisks indicating that data is missing the bottom of the report includes a blue link called Placeholder Entries followed by a blue link called Show me Click Placeholder Entries to learn how to resolve placeholder entries Click Show me to go to the place in Quicken where you can correct the issue For information about when and why missing data is important see Improve the accuracy of your investment data in the next section Click Customize to change the way the report is laid out or the scope of information it includes Click the Help icon if you need more information Optional You can either close the report or chose one of the following options e Click the Print icon to print the report to paper or to a PDF e Click Save Report to save the report e Click Export Data to export the report to another program or to the Clipboard Click the Help icon if you need more information 52 Quicken 2008 Update your investment accounts Now that you ve seen the valuable performance and analysis tools in Quicken you might be asking yourself what you can do to make your investment data more accurate and how can you can keep it current Improve the accuracy of your investment data As you used some of the performance tools in Quicken you may have noticed that some of the performance measures that you want to track include asterisks or and other notations such as N A indicating that placeholder en
93. play the list of existing tags 10 4 2007 314 AnyTown Auto Repair 1 596 23 Deposit 6 704 77 Auto Service truck a car Other truck Other Show Full List Multiple Tags Add Tag For more information about tags choose Help menu gt Quicken Help click the Search Quicken Help tab enter using tags and click Ask Get the most from this book As you read this book use your own financial data to learn basic but powerful Quicken features After you complete the tasks in a chapter you ll be able to use Quicken immediately to help achieve your personal financial goals Each chapter builds on the chapters that come before Before you begin working through a chapter make sure you ve performed all the tasks and gathered all the recommended materials listed in Before you start and What you ll need at the beginning of the chapter The last page of each chapter contains a list of more advanced features With the assistance of the extensive Quicken Help system you can work at your own pace to learn about these features when you re ready to use them 6 Quicken 2008 Manage your income and expenses Learn how categories help manage your finances 8 Decide which accounts to track 9 Add your cash flow accounts 9 Assign categories 13 Review your cash flow activity 15 Update your cash flow accounts 21 Reconcile your cash flow accounts 26 Back up your datafile 29 Next steps 30 Before you start Think
94. portfolio 5 Read the on screen instructions and then click What should my asset allocation be on the left side of the window 50 Quicken 2008 Use the Portfolio The Portfolio provides multiple views that answer your top investment questions You can analyze the holdings performance and price information for every security you own across multiple investment accounts In this section you ll learn how to select a portfolio view For more information about the Portfolio choose Help menu gt Quicken Help click the Search Quicken Help tab enter monitor portfolio performance and click Ask 1 2 4 5 Choose Investing menu gt Go to Investing Center In the upper right corner click Portfolio Quicken displays a list of portfolio views to select from Select a default view Quicken can group your or click Customize to investments for display by create one of your account industry asset class own and so on Group by Accounts z Asset Allocation Tax Implications Employee Stock Options Old Portfolio Value In the Show list select the view you want Quicken to display For example for an in depth look at the short term performance of your securities select Recent Performance For an in depth look at the long term performance of your securities select Historic Performance Quicken displays information pertinent to the view you selected Move your pointer over a column heading for an explanation
95. pouse Soc Sec Personal Expense Tax Spouse State Personal Expense F Utilities Personal Expense Personal Income Utilities Cable TV Personal Expense Personal Expenses _ Utilities Gas amp Electric Personal Expense Utilities Internet Personal Expense Transfers gi p Utilities Telephone Personal Expense All Categories Utilities Water R Personal Expense Vacation Personal Expense Vacation Lodging Personal Expense Vacation Travel Personal Expense v I Show hidden categories Show Full List Split Add Category If you don t see a category that reflects the purpose of the transaction you can create one At the bottom of the category list click Add Category and enter the y information that Quicken requests You can use the category for any transactions you add from now on 3 Click Enter to save the transaction When you click Enter to save a transaction Quicken updates your data file on your computer s hard disk That means that you don t have to save the file yourself However it s a good idea to back up the file to another location on a regular basis you ll learn how in Back up your data file on page 29 Manage your income and expenses 13 Assign multiple categories to a transaction Sometimes you need to assign two or more categories to a single transaction This is called a so it transaction 1 Select the transaction you want to assign two or more categories to 2 Inthe lower right corner of the transaction click
96. puter As with other types of files such as word processing or spreadsheet files you store this file in a folder on your hard disk Unlike most other programs however Quicken immediately saves your information as you work you don t need to save the file manually As with all important data you should still back up your Quicken file frequently You ll learn how to back up your data in Chapter 2 Manage your income and expenses Open Quicken File Look in EJ Quicken amp QDATA QDF Accounts Within a single Quicken file you can add many accountsto organize your financial information You can add several accounts such as checking brokerage and so on or you can start with a single account such as a checking account You can also add Quicken accounts to track other aspects of your financial life such as a home mortgage or a vehicle loan You should set up all your Quicken accounts within a single Quicken file That way you can use Quicken to create reports that reflect your complete financial picture Initially you may want to add only a checking or investment account Later you can add additional accounts to track more of your financial activities The types of accounts you can add are shown in the following illustration You can add three types of accounts in Quicken a S When you add a Cath Flow Pomme al ate checking account Checking r wea Quicken adds it to the Clam Cash Flow Center
97. r 529 college savings plans C Single Mutual Fund Use this for single mutual funds purchased directly from a mutual fund company Dividends are reinvested and there is no cash balance Cancel 6 Select Standard Brokerage and click Next 46 Quicken 2008 7 Inthe Name this account field type the name by which you want to refer to this account in Quicken and click Next 8 Inthe Statement Date field enter the date you re using to set up holdings in this account and click Next e If you re entering this information from a brokerage statement use the statement ending date e If you re entering this information from your brokerage s Web site use the date that your information was posted probably the date you accessed the site or the day before 9 In the Cash Balance and Money Market fields enter the cash balance for the account in the way your financial institution displays it and click Next You may need to use both fields or just one or the other 10 Identify the securities in the account and click Next e Ifyou have Internet access in the Ticker field enter the ticker symbol for each security you want to download account details about If you don t know the ticker symbol fora security click Ticker Symbol Lookup to connect to the Internet e Ifyou don t have Internet access in the Security Name field type the name of each security you want to add to the account 11 Type the total number of sha
98. r a transaction for that payee And if you want to change the category for some reason it s easy to do While minireports are a fast and easy way to get information about a single category sometimes what you need is information about several categories at one time You ll learn how to get this information in Get answers with Quicken reports and graphs on page 19 But first you ll need to set up the accounts you want to track 8 Quicken 2008 Decide which accounts to track If you want to track your overall income spending and saving habits you need to add more than one Quicken account Use the following guidelines to help you decide which cash flow accounts to add Remember you should add all these accounts in a single data file Checking This is the most commonly used Quicken account Start with the account that you deposit your paycheck into and pay most of your bills and make tax related expenditures such as charitable donations and mortgage interest from Savings Use this account type for standard savings accounts such as those available at most banks or credit unions Credit card Many people track one or more credit cards in Quicken Start with the one you use most often For information about an easy card to use with Quicken see Add a Quicken Credit Card account online on page 11 Adding accounts to Quicken to track your credit cards enables you to download and categorize your transactions which can give
99. r deposits that you told Quicken about while the Out area of the snapshot displays the bills and credit card payments that you told Quicken about When you enter a transaction into Quicken it becomes a recorded bill or deposit Manage your income and expenses 15 Keep your monthly income and expense data current The more complete your income and expense information is in Quicken the more accurate and helpful the In Out What s Left snapshot will be in helping you project your cash flow from month to month Add a new income transaction When you have a new source of income to track in Quicken it s simple to add a new scheduled transaction to track the deposit In this section you ll learn how to enter a scheduled transaction for a basic deposit You ll learn the specifics for adding scheduled transactions for paychecks in Chapter 5 Plan for tax time Choose Cash Flow menu gt Go to Cash Flow Center In the upper right corner click Cash Flow In the In Out What s Left snapshot in the In area click Add Transaction Click Yes I would like to schedule this transaction In the Payee list enter who you receive the deposit from In the Category list enter the appropriate income category In the Tag list enter the appropriate tag Optional In the Account to use field enter the account that this income will be deposited into In the Method field select Deposit Oo Oa N oO UV A WN F amp F 10 In the Amount field enter the a
100. rd party rights and fitness for a particular purpose Neither the developers nor the distributors will be liable for damages whether direct indirect special incidental or consequential as a result of the reproduction modification distribution or other use of the TWAIN Toolkit Contains images 1999 Photodisc Inc All rights reserved Contains Photo Objects images 1999 Hermera Technologies Inc All rights reserved HelpSearch powered by Vantage AnswertworksTM Copyright 2006 Vantage Research LLC All Rights Reserved Contains the GAlib algorithm package written by Matthew Wall at the Massachusetts Institute of Technology Copyright 1995 1996 Massachusetts Institute of Technology and Copyright 1996 1999 Matthew Wall All rights reserved Copyright 2007 Intuit Inc All rights reserved Unauthorized duplication is a violation of applicable laws Intuit hereby grants you the right to make one copy of these materials for non commercial use www intuit com www quicken com Features Services Terms and Conditions All features services and any terms and conditions are subject to change without notice Online services whether provided by Intuit or other parties are available only in the U S require Internet access which is not provided by this product and may expire in accordance with the then effective Quicken sunset policy available at www quicken com sunset These online services may vary from participating financial instit
101. re at a single financial institution Quicken can combine information from all your real world accounts so you can see the total effect on your cash flow and net worth For more information about how many accounts to add see Decide how much detail you want to track on page 2 and Decide which accounts to track on page 9 e When you assign Quicken categories to your transactions you get much more information out of your data than just the transaction history and cleared balance available from most financial institution Web sites With almost no extra work Quicken also gives you reports graphs long term planners alerts reminders and tax features that can save you time and help you make informed decisions that will affect your financial situation for years to come e Quicken Bill Pay is designed to work with Quicken so the online payments you make are automatically entered in your Quicken register so you know your real ending balance right away even before your financial institution does For more information about Quicken Bill Pay see Sign up for Quicken Bill Pay on page 35 e You can use One Step Update to update your account information from several financial institutions at once This applies only to financial institutions that you can connect to directly from Quicken 32 Quicken 2008 e When you download transactions and accept them into your register Quicken marks them as cleared This makes it possible to balanc
102. res and identify the security type for each security and then click Next 12 Click Done Now you re ready to add your holdings to the account For information about how to update your holdings into Quicken see Update transactions on page 55 For information about how to add your holdings manually see Manually enter transactions on page 58 Then you ll be ready to see how your investments are performing as described in the next section Track your portfolio s performance Manage your investments 47 Track your portfolio s performance Quicken makes it easy to track the performance of your investments in a way that emphasizes what s important to you The Investing Center provides a number of ways to view your investing and retirement accounts along with many useful tools to help you analyze and manage them You ll find a different focus on each page of the Investing Center Choose Investing menu gt Go to Investing Center and click the button that has the information you want loday s Data focuses on Performance provides an in depth information that changes review of your investments over time frequently and helps you see how so you can measure the performance of market changes affect the your investments against key securities you own or watch benchmarks Home xX Cash Flow Investing x Property and Debt X Financial Overview G Accounts v IS z Today s Data Today s Data nnn Analysis focuses on how your c
103. ring Express Setup Quicken adds the Credit Card Payment category for you If this category isn t already in the Category List at this point Quicken will prompt you to add it at the end of this procedure 7 Inthe Tag list enter the appropriate tag Optional 8 Inthe Account to use field select the account that this payment will be made from 9 Inthe Method field select Payment 10 Inthe Amount field enter the amount you expect to pay toward this credit card each month You can change this amount when you enter the transaction in Quicken so just enter an estimate if you re not sure 11 In the Scheduling area of the dialog enter the day this payment should start whether you want to be reminded to enter the payment into Quicken yourself or have Quicken enter it for you without prompting the frequency of the payment and if and when the payment should end 12 Click OK Quicken adds the deposit amount to the Bills section of the Out area of the In Out What s Left snapshot Click Bills and Other Expenses to see all the expenses Quicken is tracking for the month in question 13 If Quicken prompts you to add a Credit Card Payment category click Yes select Expense in the Type area and click OK That s it You ve added new scheduled transactions for both income and expenses In the next chapter you ll learn how to process scheduled transactions that are due You ll also learn the remaining steps you must take to pay your bills Righ
104. ring transactions manually 23 58 online 21 55 86 Index equity home 75 ESPP See employee stock purchase shares expenses auto 76 exporting reports 20 F files backing up 3 29 Financial Overview Center 4 78 G graphs See reports H historical data entering 401 k s 59 securities 53 home loans tracking 74 home values 74 75 images adding to transactions 37 income and expenses tracking 15 individual retirement accounts 44 instant upgrade to Quicken Premier 49 internal rate of return 49 Investing Center 4 48 investment accounts amount of historical data to enter 53 types of 44 investment reports 52 investments adding new accounts 44 46 analyzing 33 48 50 51 and asset allocation 50 entering new transactions 55 58 online access in Quicken vs Web site 33 resolving placeholder entries for 53 updating new transactions 55 IRAs tracking 44 Itemized Categories report 19 K Keoghs tracking 44 L liability accounts home 74 other 77 vehicle 76 loans See liability accounts long term plans 82 83 lot identification capital gains 54 M Match transactions 22 57 memorizing reports See saving reports missing data entering 54 mortgages 74 mutual funds tracking 44 N naming bonds 58 Near Match transactions 57 net worth calculating 77 customizing reports for 79 overview 74 reporting on 77 new accounts adding manually 12 46 updating 10 11 44 New transactions 22 57 notes adding to tran
105. s oo N O WwW B Enter a deposit In the Date field enter a date In the Num list select Deposit In the Payee field enter where the money is from for example Income Tax Refund In the Deposit field enter the deposit amount U B W N me In the Category field select a category or click Split to split the deposit among multiple categories 6 Inthe Tag field select a tag Optional 7 Inthe Memo field type a memo or note Optional 8 Click Enter to save the transaction On an ongoing basis Continue to enter all new transactions as they occur either with transaction update or manually Also reconcile your Quicken account each time you receive a new bank statement see the next section Reconcile your cash flow accounts Reconciling ensures that your Quicken account accurately reflects all your banking activities Reconciling is a great way to catch transactions that you forgot to enter or entered twice Note If you didn t enter any existing transactions when you set up the account you ll probably have several transactions to enter the first couple of times you reconcile your statements Manage your income and expenses 25 Reconcile your cash flow accounts When you finish updating and accepting transactions into a Quicken account or you receive a statement for an account that you re tracking in Quicken reconcile your Quicken data Reconciling ensures that your Quicken data is correct and can also hel
106. s As you can see using Quicken to help plan your retirement gives you the ability to make significant decisions about how you want to use your finances to fund your life and dreams From here on it s up to you to keep your Quicken data up to date and to review it periodically to make sure that you re on track to reach your financial goals 84 Quicken 2008 Index If you don t find the topic you are looking for here try Quicken Help Choose Quicken Help menu gt Quicken Help click the Search Quicken Help tab enter a keyword and then click Ask Numerics 401 k adding 59 updating 60 403 b See 401 k 529 plans tracking 44 A accounts adding manually 12 46 59 adding online 10 11 44 asset and liability 74 77 bank accounts types of 9 cash flow types of 9 home and mortgage 74 investment types of 44 number of 3 online payment with 32 overview 3 transaction update with 32 transferring funds between 25 vehicle 76 activating online account services 35 Quicken Bill Pay 36 adding accounts manually 12 46 59 online 10 11 44 advantages managing cash flow accounts online with Quicken 3 online access to investments with Quicken 33 Quicken Bill Pay 35 Quicken Credit Card 11 Quicken Online Backup 29 analyzing investments 33 48 50 51 answers using reports to find 19 52 71 asset allocation 50 asset and liability accounts home 74 other 77 vehicle 76 assumptions for long term plans 83 auto expenses
107. s a summary window Close the window to go to the register This is where you ll update future transactions to keep your account up to date as described in Update your cash flow accounts on page 21 But first see Assign categories on page 13 for information about how to verify the categories Quicken has assigned to your transactions Manage your income and expenses 11 Add cash flow accounts manually Choose Cash Flow menu gt Go to Cash Flow Center In the upper right corner click My Data In the Spending amp Savings Accounts snapshot click Add Account B W N e In the This account is held at the following institution field type the name of your financial institution and click Next If your financial institution is in the list that Quicken displays select it If it s not in the list type its name Be sure to correctly identify your financial institution Quicken needs the official company name not an abbreviation to determine which services are offered by that institution 5 Select No I do not want to connect to lt my financial institution gt through Quicken and click Next Quicken displays the Quicken Account Setup dialog Quicken Account Setup x Choose the type of account to add Checking Accounts you use to pay bills or make ATM withdrawals from C Savings Accounts you use to save money such as standard savings accounts at your bank or credit union C Credit Card Use these acco
108. s into your register and it isa good option if you download all the transactions for the account Accept is the most accurate way to accept transactions into the register because you review each one and it is a good option if you enter some of the transactions into the account manually 22 Quicken 2008 1 2 Decide how you want to accept transactions into your register e Click Accept All in the lower right corner of the Downloaded Transactions tab to accept all your downloaded transactions into your register at once Select each downloaded transaction in the register Click Accept if Quicken has correctly identified it as a Match or New transaction If Quicken has incorrectly identified the transaction click the Help icon for more information Sometimes downloaded transactions include extra information about a payee that is irrelevant to you For example the coffee shop near your office might be listed as F AnyTown Coffeehouse 005 PLEASANTON 945 You can rename this payee to something shorter like AnyTown Coffeehouse You can then assign this new name to several payees so that a transaction for a visit to the coffee shop near your home AnyTown Coffeehouse 001 GILROY 950 displays the same payee Quicken helps you rename payees as you accept transactions into your register To rename payees at a later time click Renaming Rules and follow the on screen instructions Click the Help icon if you need more information If Quicken assi
109. sactions 37 O online account services for banking 32 for investing 33 overview 32 participating financial institutions 33 signing up for 34 online balance 26 Online Center 36 online features online payment 32 35 36 transaction update 32 online payments adding payment transactions 36 overview 32 sending payment transactions 37 through your financial institution 34 with Quicken Bill Pay 35 P participating financial institutions finding 33 paychecks adding 64 adjusting 66 entering in register 66 payees renaming 23 paying bills online 36 through your financial institution 34 with Quicken Bill Pay 35 payment transactions entering in register 39 scheduling 38 41 placeholder entries 53 planning retirement 82 tax liability 70 Planning Center 82 plans 82 83 portfolio performance tracking 48 51 printing reports 20 Property amp Debt Center 4 74 Q Quicken Bill Pay 35 36 Quicken Credit Card 1 1 Quicken data comparing to updated transactions 22 57 Quicken Online Backup 29 Quicken Premier instant upgrade 49 upgrading investment features 49 78 upgrading tax reports 7 1 What Should Sell Capital Gains Estimator 72 Index 87 R reconciling accounts 26 28 registers 4 24 reminders entering paychecks 64 66 entering payments 39 renaming payees 23 repeating payments scheduling 41 reports Auto Expense 76 Capital Gains 7 1 categories and 8 19 76 customizing 20 exporting and printing 20
110. store the list to its full size That s it You re done setting up accounts and ready to see how your investments are performing See Track your portfolio s performance on page 48 for more information Add brokerage accounts manually Choose Investing menu gt Go to Investing Center In the upper right corner click Today s Data In the Investment amp Retirement Accounts snapshot click Add Account B W N F amp F In the This account is held at the following institution field enter the name of the financial institution that holds this investment account and click Next If your financial institution is in the list that Quicken displays select it If it s not in the list type its name Be sure to correctly identify your financial institution Quicken needs the official company name not an abbreviation to determine which services are offered by that institution 5 Select No I do not want to connect to lt my financial institution gt through Quicken and click Next Quicken displays the Quicken Account Setup dialog xl Choose the type of account to add Standard Brokerage Use this for stocks mutual funds bonds stock options and stock purchase plans C IRA or Keogh Plan Use this for traditional Individual Retirement Accounts Roth IRA s SEP IRA s SIMPLE IRA s Education IRA s and Keogh plans 401 k or 403 b Plan Use this for 401 k and 403 b retirement plans C 529 Plan Use this fo
111. t kind of standard of living you anticipate Consider any large purchases you would like to make and any life changes that you might be facing such as having children or sending them off to college What you ll need If you haven t already set up the accounts discussed in the previous chapters you ll need information such as account balances the value of what you own and what you owe and so on 81 Begin planning The Planning Center provides tools to develop anumber of long term plans including plans for retirement college purchasing ahome reducing debt or making aspecial purchase In this chapter you ll learn how create and examine a retirement plan When you begin developing along term plan with Quicken you can use your actual Quicken data or you can enter data as you go along Use existing data The Retirement Planner starts with your actual Quicken data If you have entered most of the financial information covered so far in this book Quicken uses it as a starting point Much of the planner will already be filled out for you using your paycheck transactions investment income house and mortgage accounts and so on Enter data as you go If you haven t yet entered a lot of data in Quicken you can still use the planner J ust enter data as you go You can enter figures that are based on your past experiences or your future plans In fact while you re developing long term plans in the Planning Center you can add the
112. t now though let s see how Quicken can help you manage some of the spending trends you ve uncovered Manage your income and expenses 17 Plan your monthly spending The Savings Plan helps you set track and control your personal spending so you ll have more money available to save This differs from the In Out What s Left snapshot which helps you track your actual spending and inflow for the current month You can use the Savings Plan to manage regular monthly expenses such as your mortgage and groceries as well as expenses that occur less frequently such as car insurance and property taxes Quicken uses your existing data such as your paycheck scheduled bills and categorized transactions to prefill the graph and worksheet with default values However you can customize the Savings Plan to track the things that are most important to you 1 Choose Cash Flow menu gt Go to Cash Flow Center 2 Inthe upper right corner click My Savings Plan Quicken displays the Savings Plan page which contains the status graph at the top and the worksheet beneath it Home Cash Flow x Investing hg Property and Debt T Financial Overview G Accounts v My Savings Plan Cash Flow My Savings Plan My Data Analysis amp Reports Wednesday October 10 2007 October 2007 gt October 2007 Total Monthly Allocation 1 545 Edit Quicken uses your En 507 sari aia prefill the graph and E Sav
113. the Setup Paycheck dialog For example to add items for bonuses profit sharing or vacation holiday or sick pay click Add Earning to add items for retirement plans flexible spending accounts or medical insurance click Add Pre Tax Deduction to add items for employee stock purchase plan deductions or loan repayments click Add After Tax Deduction To adjust the year to date YTD totals so you can use the tax tools in Quicken specify that you want to enter this information in the Enter Year to Date Information dialog that Quicken displays after you click the Done button in the Setup Paycheck dialog This is the only chance you ll have to enter this information in the Paycheck Setup wizard Otherwise tell Quicken to skip this step and then enter this information in the Tax Planner as you go along For more information about entering year to date information choose Help menu gt Contents click the Search Quicken Help tab and enter paychecks year to date information In the Manage Paychecks dialog click Done when you have finished adding your paycheck and YTD totals Plan for tax time 65 Adjust a paycheck If you get a raise or change jobs or if other activities permanently affect your paycheck future paychecks should reflect this new information If you used Express Setup to add your paycheck to Quicken you can also use this procedure to add deduction information 1 2 3 4 5 Choose Tax menu gt Go to Tax Center
114. tions did not equal the total number of shares you own Quicken has added a Placeholder Entry to account for missing transactions To get complete performance reporting and tax calculations enter the missing transactions now Chang Scholes Machinery Transactions as of 8 29 2004 Date Transaction Description 8 29 2004 Bought 2 shares 20 Holdings as of 8 29 2004 Shares Cost Total shares you own 15 Li Shares from transactions above 2 40 00 Shares in Placeholder Entry 13 Unknown Enter Missing Transaction Estimate Average Cost When you click this button and add missing transactions Quicken lists the transactions you add in the dialog 7 Identify the amount of information you want to enter e Click Enter Missing Transaction to enter historical transactions Use the Enter Transaction field to select each transaction you want to enter and then enter the information that Quicken requests e Click Estimate Average Cost to estimate the average price per share Enter your estimate in the Cost or Price Share field Keep your investment data current The easiest way to keep your account up to date in Quicken is to update transactions with your brokerage If you prefer you can also enter new transactions manually Update transactions Updating transactions saves you time Instead of entering transactions into Quicken manually you update them when you go online from within Quicken After you review them
115. to open the file from its current location 5 Match the online account with the correct account in Quicken if Quicken prompts you to do so and then click Continue Quicken updates your transactions 6 Continue with the next section Compare updated transactions to your Quicken register Compare updated transactions to your Quicken register After you update Quicken displays the updated transactions at the bottom of the appropriate register When you select a downloaded transaction Quicken finds its leen en aai matching transaction among DE ien the ones you have entered in mar n ce the register Note that this check cleared a _6 30 2007 5309 AnyTown Market few days after the payment splt Y xI B spiit due 7 1 was recorded in Quicken lt n na Balar e Smead Bits amp Depots 9 Ove Accept Vameactions mto regter Match 7 02 2007 5309 AnyTown Market Quicken compares the downloaded transactions to those you have already entered in the register if any transactions are the same Quicken labels them Match If there is no match Quicken labels them New In most cases Quicken correctly identifies a transaction based on the transaction amount date check number and so on Occasionally you need to manually match or unmatch an updated transaction You have two options for accepting the downloaded transactions into your register Accept All or Accept Accept All is the fastest way to accept transaction
116. tom of the minireport Home Cash Flow Investing Property and Debt Financial Overview 6 Accounts v D x Jim s Main Checking ToCashFlow Center Transactions Overview Delete Find Transfer Reconcile Write Checks Set Up Online View Reporte Options w Date a Num Payee Payment Clr Deposit Balance Category Tag Memo 10 2 2007 Internet Shoes 100 00 8 525 97 amp Clothing 10 3 2007 AnyTown Department Store 229 13 8 296 84 Clothing Enter Edit Split Q Attach 10 3 2007 Num Anytown Mall 210 00 Depost 8 086 84 Clothing El ag Memo close Clothing Click the minireport Last 30 days W All accounts button next to the Payee Category field to run AnyTown Departm this report Anytown Mall A Internet Shoes 100 00 ick the arrow to isplay the transactions for another time period Total 539 13 Average 179 71 Monthly Average 3 mo 179 71 20 Show Report Click Show Report at the bottom of the minireport to display an When you assign categories to your transactions this report expanded report forthe can show where your category money goes Make it a habit to use categories with all your transactions The first time you download a transaction or enter a transaction with a payee you may need to change or assign a category But after you do Quicken remembers this information and automatically fills it in for you the next time you download or ente
117. tries for missing transactions are used in the calculations Average Annual Return Options w Account 1 Year 3 Year 5 Year Chris s Brokerage 1 40 1 17 2 59 Jimmy s Brokerage NjA Ni A NiA These notations indicate that Quicken doesn t have enough information to correctly calculate the value You can use placeholder entries to track holdings only information in Quicken They include the number of shares along with the security name that must be added to or subtracted from your Quicken account to make it agree with the number of shares and the account balance at your brokerage If the current value of your holdings is all you want to track in Quicken you can leave the placeholder entries as they re and skip the rest of this section However if you want to take advantage of the detailed performance analysis and tax tools in Quicken such as those described in Track your portfolio s performance on page 48 continue reading The way to resolve all placeholder entries is to enter the date you bought the shares and cost basis information which is the total amount you invest in a security you purchase Cost basis includes commissions fees mutual fund loads and all purchases even reinvestments of dividends and capital gains distributions minus the cost of any shares you have sold or given away For each security that is missing transactions Quicken adds an Enter Cost link to the Transactions tab and an Enter link to the Su
118. ugh using Quicken as described in the previous chapters can bring a great deal of order to your finances you still don t have a complete picture of your financial situation In this chapter you ll learn how to use the tools and information in the Property amp Debt Center to track the assets what you own and liabilities what you owe not reflected in your bank balance or stock portfolio The more financial information you provide to Quicken the more Quicken can help you understand and improve your overall financial health When you add asset and liability accounts you re increasing the power of Quicken to incorporate all your financial data into a single clear picture of where you stand and where you can go In this chapter you ll learn how to add the following types of accounts e An asset account for a home you own or are buying with an associated liability account if you re paying amortgage e An asset account fora vehicle you own or are buying with an associated liability account if you re paying off a vehicle loan e An asset account for other property you own such as a stamp collection or work of art e A liability account for other loans or debt such as a student loan Track your home value and associated loan If you own ahome you can use Quicken to track its value along with the mortgage that may be associated with it Quicken calculates the value of your equity and tracks the interest you pay each year and the remaining l
119. unts to track credit card spending C Cash Use this account to track the cash you spend Cancel 6 Inthe Choose the type of account to add area select Checking and click Next 7 Inthe Name this account field type the name by which you want to refer to this account in Quicken and click Next 8 In the Statement Date field enter the date from your bank statement 9 In the Ending Balance field enter the balance from your bank statement and click Done Quicken displays the register for the account so you can enter your transactions See Update your cash flow accounts on page 21 to learn how 12 Quicken 2008 Assign categories Make sure the correct category is assigned to all your transactions For more information about categories see Learn how categories help manage your finances on page 8 You can assign single or multiple categories to a transaction Assign a single category to a transaction In most cases you assign the full amount of a transaction to a single category 1 Select the transaction you want to assign a category to or change a category for 2 In the Category field select a category such as Utilities Water or if Quicken has assigned a category for you verify that the transaction includes the appropriate category If you don t see the category list click the Category arrow 10 1 2007 Alum AnyTown Water 40 00 Depost 9 625 97 Tax S
120. update If you have any questions contact your financial institution for assistance If you want to pay bills online but your financial institution doesn t support online payment see Sign up for Quicken Bill Pay on page 35 to learn how to pay bills from within Quicken You can sign up for only one online payment service for each account 34 Quicken 2008 Activate transaction update You can activate your account and start using online account services as soon as you receive a customer ID and password from your participating financial institution 1 account services e If Quicken requests your customer ID and password Open the register or transaction list for the account that you want to set up for online On the Download Transactions tab click Set Up Download enter this information and follow the on screen instructions then continue with Connect directly to your financial institution through Quicken on page 21 for cash flow accounts or Connect directly to your financial institution through Quicken on page 56 for investment accounts If Quicken connects to your financial institution s Web site your first update activates the account continue with step 3 of Connect to your financial institution through its Web site on page 22 for cash flow accounts or step 2 of Connect to your financial institution through its Web site on page 56 for investment accounts Sign up for Quicken Bill Pay Quick
121. urrent investments fa Portfolio focuses on an are divided among asset classes and how your in depth review of your mutual funds are doing compared to others portfolio as a whole In this section you ll learn how to use some of the performance and analysis tools in the Quicken Investing Center For example you ll learn how to Set up a watch list to track the securities you want to follow Keep track of the average annual return for your investments e Determine the right asset allocation for you Use the Portfolio to answer your top investment questions e Create reports that summarize your investment related data Track the securities you want to follow 1 Choose Investing menu gt Go to Investing Center 2 Inthe upper right corner click Today s Data 3 In the Watch List snapshot click Add a security Watch List Options v Name Day Change Day Change Quote Price Chang Scholes Machinery est 20 Pretell t 2 52 8 76 31 28 Mena McCarthy Index est 39 75 Online quotes by Comstock delayed at least 20 minutes Updated 10 3 2007 at 8 15 am local time Historical quotes by Iverson Add a security Edit Watch List Download Quotes Go to full Portfolio Click Download Quotes to keep the information in your Watch List current 4 Follow the on screen instructions click Next to move through the pages Click the Help icon if you need more information To tra
122. utions and may be subject to application approval terms conditions and additional fees Contents Chapter 1 Chapter 2 Chapter 3 Chapter 4 Get started 1 Decide how much detail you want to track 2 Learn the essentials 3 Get the most from this book 6 Manage your income and expenses 7 Learn how categories help manage your finances 8 Decide which accounts to track 9 Add your cash flow accounts 9 Assign categories 13 Review your cash flow activity 15 Update your cash flow accounts 21 Reconcile your cash flow accounts 26 Back up your data file 29 Next steps 30 Use online account services 31 Choose online account services 32 Set up online account services 34 Make payments online 36 Schedule online payments 38 Next steps 42 Manage your investments 43 Decide which accounts to track 44 Add your investment accounts 44 Track your portfolio s performance 48 Update your investment accounts 53 Add 401 k retirement accounts 59 Next steps 61 Chapter 5 Chapter 6 Chapter 7 Plan for tax time 63 Get help for tax time 64 Track your paycheck 64 Track your tax deductible expenses 68 Use the Tax Planner 70 Run tax related reports 71 Next steps 72 Determine your net worth 73 Put it all together 74 Track your home value and associated loan 74 Track a vehicle value and associated loan 76 Add other asset and liability accounts 77 Analyze your net worth 77 Next steps 79 Develop a long term plan 81 Begi
123. ve sent an online payment Keep reading to learn about scheduling online payments Use online account services 37 Schedule online payments You can schedule bills so that Quicken reminds you each time online payments are due or you can send a single repeating online payment instruction to automatically make online payments without any intervention Because repeating online payments occur automatically they re best suited for payment amounts that don t change from month to month for example a mortgage or car payment Use scheduled bills When you schedule a bill in Quicken you can choose to have Quicken remind you to enter the payment transaction in the register when the bill comes due or have Quicken enter it in the register without prompting After the payment transaction is in the register you know it s time to send the payment Add scheduled bills to Quicken 1 Open the register you want to make the payment from 2 Click the Scheduled Bills amp Deposits tab at the bottom of the register 3 Click Add Bill or Deposit Quicken displays the Schedule a Bill or Deposit dialog Q Schedule a Bill or Deposit xl Schedule a Bill or Deposit Required fields Payee Information Scheduling Payee fAnyTown Gas amp Electric Address Starton 8 1 2007 za Category Utilties Gas amp Electric e Split Remind Me z f days in advance Tag z How often Monthly J Memo Options The 1st of every
124. vestment accounts or only retirement accounts In this section you ll learn how Quicken can help you set up a target asset allocation After you do Quicken can help you determine if your current asset allocation is where it should be and show you how to changeit For more information about asset allocation choose Help menu gt Quicken Help click the Search Quicken Help tab enter asset allocation and click Ask 1 Choose Investing menu gt Go to Investing Center 2 Inthe upper right corner click Analysis The Analysis tab appears only if you re using Quicken Deluxe or Quicken Premier To learn how to add this and other valuable tools in minutes choose Help menu gt Add More Investing amp Tax Tools 3 On the Analysis toolbar select whether you want to view asset allocation for retirement accounts only for all your investment accounts or for a customized group of accounts Optional 4 Inthe Asset Allocation snapshot click Show Allocation Guide Actual Target Total 142 952 03 Set Target Actual Target Difference E Large Cap Stocks 82 915 0 82 915 SmallCap Stocks 5 450 0 5 450 WM Other Asset Class 0 641 0 0 641 E No Asset Class 10 994 100 Expected Return 8 Unknown Expected Risk High 15 Unknown Download Asset Classes Show Full Graph Show Allocation Guide Rebalance Portfolio Use the Allocation Guide to set your asset allocation target and learn about rebalancing your
125. wn and liabilities what you owe in the Property amp Debt Center Use these accounts to track financial activities that affect your net worth For example using a house account lets you track the equity you re building and the loan you re paying down as you make your mortgage payments These accounts are discussed in more detail in Chapter 6 Determine your net worth Financial Overview Center You ll find all your accounts displayed together on the Net Worth page of the Financial Overview Center Use this page to monitor the change in value of your finances over time and to see the current allocation of your finances by account type Net worth is discussed in more detail in Chapter 6 Determine your net worth Registers and transaction lists Quicken displays transactions in the way that makes the most sense for each type of account Registers Each noninvestment account in Quicken has a register The register looks like a paper checkbook register where you record checks you ve written and deposits you ve made The Quicken register even calculates your current balance for you Jim s Main Checking ToCatFom Center Transactions Overview na rore hamert gt Depost Balance 6 796 00 10 1 2007 Chavez MegaMarket 120 00 Split Split 4 Quicken 2008 Transaction lists Each investment account in Quicken has a transaction list The transaction list resembles a brokerage statement and is specifically designed to man
126. you great insight into how you re 6 spending your money If you aren t interested in tracking this level of detail and simply want to track how much you pay toward your credit cards each month you can track your credit cards as bills instead How you ll review the information for each option is discussed in more detail in Review your cash flow activity on page 15 For more information about deciding how to track credit cards in Quicken choose Help menu gt Quicken Help click the Search Quicken Help tab enter decide about credit cards and click Ask Cash If you want to know where all your money goes including the cash you carry with you you can add a separate account to track cash A simpler way is just to use the Cash category and then assign it to ATM transactions and other cash withdrawals in your checking account register If you do set up a separate account for cash transactions save yourself some time and track only to the nearest dollar Add your cash flow accounts For many financial institutions you can download all your account and transaction information at one time And setting up your accounts for transaction update doesn t save you time only when you add the accounts you can keep your accounts current by going online and updating transactions rather than entering them into Quicken manually First you ll learn how to add cash flow accounts online If you would prefer to add your cash flow accounts manually you ll
127. you re transferring funds Savings 10 1 2007 Alum AnyTown Water 40 00 Depost 9 625 97 Tax Spouse Soc Sec Personal Expense Tax Spouse State Personal Expense Utilities Personal Expense Utilities Cable TV Personal Expense Personal Expenses _Ltilities Gas amp Electric Personal Expense Utilities Internet Personal Expense TEES Utilities Telephone Personal Expense All Categories Utilities Water R Personal Expense Vacation Personal Expense Vacation Lodging Personal Expense Vacation Travel Personal Expense show hidden categories Show Full List Split Add Category If you re interested in managing your money in any detail and getting the most from Quicken reports you should use categories You ll learn more in Chapter 2 Get started 5 Tags Tags make it possible for you to track a group of similar items with a single category which makes it unnecessary to clutter up your Category List with a lot of additional categories For example say you want to track how much you spend each year for vehicle repairs If you have a car and atruck you can add a tag named car and another one named truck and use them both with the Auto Service category This keeps your Category List a lot more manageable than it would be if you added a service category for the truck and another one for the car Enter tags in the Tag field Click the arrow to the right to the right of the Tag field to dis

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