How does Quicken actually keep track of my money?
I am considering purchasing Quicken but I’d like to know more about how it keeps track of my money… does it have a check registry or a way to ‘balance my books’? I guess what I mean is, can I use Quicken as my checkbook instead of pencil and paper like I use now? Can someone fill me in? The website wasn’t very helpful. Thanks.
Quicken and the whole genre of personal finance software does the most basic of functions: help you keep track of your finances.
One of the first things I did when I got Quicken for the first time was trash my paper checkbook register and keep all of my transactions on Quicken. Then, when the end of the month arrived and I got my statement, I used the Reconcile feature to balance the books. No more pencil and paper reconciling anymore for me.
It can do a whole lot more than that, with downloading transactions directly from financial institutions, forecasting income and investment performance, and so forth. But the basics, definitely no problem.
Quicken and the whole genre of personal finance software does the most basic of functions: help you keep track of your finances.
One of the first things I did when I got Quicken for the first time was trash my paper checkbook register and keep all of my transactions on Quicken. Then, when the end of the month arrived and I got my statement, I used the Reconcile feature to balance the books. No more pencil and paper reconciling anymore for me.
It can do a whole lot more than that, with downloading transactions directly from financial institutions, forecasting income and investment performance, and so forth. But the basics, definitely no problem.
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