Quicken & QuickBooks SIG

by Linda Russell, NOCCC - July 08, 2002 at 21:28:18:

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Memorized Vs Scheduled Transactions in Quicken: On May 5, 2002, we discussed the following: Memorized (Ctrl+T) transactions are any transactions you enter into Quicken. As soon as you enter a transaction, Quicken memorizes it. Quicken memorizes transactions so that whenever you start typing a new transaction, Quicken can fill it in automatically before you finish. This is supposed to make it easier to use.

To see a list of your memorized transaction, click on Banking, Memorized Transaction list. There they are, listed in alphabetical order! You can scroll through the list, highlighting one at a time. You may edit or delete transactions you no longer use, or misspelled words, or amounts that have changed, etc.

Scheduled (Ctrl+J) transactions are transactions that happen on a regular basis and you want Quicken to enter them automatically, or you want Quicken to remind you to enter them at the proper time.

The easiest way to add a transaction to the scheduled transaction list is to enter it first, then type Ctrl+J while the transaction is highlighted. You can edit these transactions for differing amounts (if they change). You can tell Quicken the transaction is for a fixed amount, or to estimate it from the last "N" number of payments. You can schedule it once, or to repeat weekly, monthly, quarterly, annually, indefinitely or "N" number of times.

You can tell Quicken to prompt you to enter it in your register "N" number of days before the due date, or to enter it without prompting "N" number of days before the due date.

This is the quickest, easiest way to handle repeating monthly charges on credit cards, and monthly bills you pay by check. Social security and retirement income should be scheduled. I use this with many clients to simplify their finances.

Tracking Investments, Dividends, and Rate of Return using Quicken We will explore this subject further in our SIG session on May 5th. Please join us in Science Room 203.

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Last update: 7/08/2002

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