Using Quicken

Transferring Between Accounts (Savings And Checking)

1. Open Account List (Click on "lists" and then "Accounts)

2. Double Click on "Demo Checking"

3. Click on "Transfer"

4. Enter 100.00 in the Amount field

5. Click on the "Transfer From" Field and select "Demo Checking"

6. Click on the "Transfer to" field and select "Demo Savings"

7. Click on "OK"

8. You will now see a $100.00 payment in "Demo checking" and a $100.00 deposit in Demo Savings

Paying Bills

1. Click on the "Check" icon on the top bar

2. Click on the line after "Pay to the Order of" and enter "NACNET"

3. Tab to the dollar field and enter 5.00

4. Click on the drop down box next to "Category" and scroll down to the "Education" category

5. Click on "Education"

6. Click on "Record"

7. Click on "Close"

8. Return to the "Demo Checking" account and you will see and entry to "NACNET" with the work "Print" in the "num" field.

9. Click on the "num" field for the NACNET entry and scroll down to "next check number" click on it.

10. Click on "Record"

11. You have now recorded a check as paid to NACNET!

Please note this is only one way Quicken allows you to pay bills. Other ways you can pay bills are :

• You can also purchase checks that you can run through your printer. Quicken will then automatically print the checks when you tell it to and also update your register with the correct check number.

• You can sign up with an on-line bill paying service. This will allow you to enter the bills to pay in quicken and then dialup to the service via a modem and transmit the information to them. They will debt your checking account for each transaction and sent the appropriate payment to the payee.

Reconciling Checking Account

When you get your monthly statement, you need to reconcile it. In the past, this could be a time-intensive, often frustrating activity. Quicken, however makes it easy and sometimes actually fun! To reconcile a 'dummy' statement, do the following:

1. Open the "Demo Checking" account from the account list (single click on "Lists" and double click on "Demo Checking")

2. Click on "Reconcile" on the top bar

3. Enter 671.55 in the "Ending Balance" field

4. Click on "OK"

5. The "Reconcile Bank Statement" screen will appear.

6. Mark the appropriate transactions as cleared:

   Under the "Payments and Checks" title:

   • Transfer to savings on 6/22/97

   • Check 101 and 102

   Under the "Deposits" title:

   • Deposit on 6/15/97 for $1,000.00

7. You will notice the amount in the "Difference" field at the bottom of the screen decreases each time you mark something as cleared. When all items are cleared that are on your bank statement, the "Difference" field should say 0.00!

8. Click on "Done" and then click on "No" to print reconciliation report (note: if you were using Quicken at home, you would want to print and save the reconciliation report).

9. Your bank statement reconciliation is complete!

Paying Credit Card Bill

1. Open the "Demo Credit Card" Account (single click on "Lists" and double click on "Demo Credit Car")

2. Click on "Reconcile" on the top bar

3. Click on the "Charges/Cash advances" field, enter 22.45

4. Click on the "Payments/Credits" field, enter 0

5. Click on the "New Balance field" and enter 22.45

6. Click on "OK". The "Pay Credit Card" screen will appear.

7. Check the following charges as cleared :

   • 6/1/97 for 10.00

   • 6/10/97 for 12.45

8. Click "Done". The "Make Credit Card" payment box will appear.

9. Select the "Demo Checking" account as the account you will payment from.

10. Click on "OK". The "write check" box will appear. Click on the line next to "Pay to the order of" and enter "Visa". Click on Record

11. Your check is now recorded in the "Demo checking acct".