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As a new or returning Quicken user, you will need to set up your accounts. 

To use Quicken you must start by adding your financial accounts. It's easy to add the accounts you want to track in Quicken. The more accounts you add the more closely Quicken reflects your true financial situation, which can assist you in short- and long-term financial planning.


Add an online account

With online accounts, you download your transactions directly from the financial institution. If you do prefer to enter your transactions manually, see Add an offline spending account below.

  1. Select the Add Account icon on the top right of the Account Bar.
  2. Start typing the name of your financial institution, such as your bank or credit card provider. Quicken will filter the results based on what you type. When you see your financial institution in the panel below, select it and click Next.

    For online accounts, Quicken finds accounts based on the financial institution. This way, if you have multiple accounts at the same bank, you can add them all at once. You will have a chance to select the type of account later.

  3. Enter your account information. You will be prompted to enter the Customer Number or Saved ID and Access Code (password) for your account. 
    Click Connect when you have entered your information.

    Your account information is the same information you use to access your account through your financial institution’s website. Depending on your financial institution’s requirements, you may be asked for additional information such as a confirmation code.

  4. Review your accounts. Quicken will find all the accounts associated with your login. On this screen, you can make any adjustments, then click Next.
    • Type: Your options will vary according to the financial institution but Checking and Savings are the standard types.
    • Nickname: Enter any name that helps you easily identify the account.
    • Used for: Most accounts will be Personal, but depending on your versions you may have the option of Business and Rental
    • Action: Select Add to Quicken if you want to add an account.  

  5. Quicken now adds your accounts. You'll see a message letting you know what accounts were added. You can choose to either Add Another Account or Finish.


Add an offline spending account

Offline accounts (sometimes called manual accounts) don't connect to a financial institution. It is your responsibility to enter all the information and track your transactions accurately. In most cases, it is preferable to use an online account, but you may choose this for security, control, or because the account is not with an online institution. 

  1. Select the Add Account icon on the top right of the Account Bar.
  2. Select Offline Account.
  3. Select the account type. Spending accounts include Checking, Savings, and Credit Card.
  4. Name your account and select Next. Depending on your version of Quicken, you may also have options for selecting how your account is used.
  5. Enter your Statement ending date (The date you want to start tracking from) and your Statement ending balance (how much was in your account that day). Select Next.
  6. Your account will be added. Select Finish.



Next Steps


 Explore the Home tab

The Home tab is a dashboard you can use to track important aspects of your financial picture. It helps you see where your money is going, stay on top of your bills, and track how well you’re sticking to your budget goals.

See Where Your Money Goes

Stay on Top of Monthly Bills

Budget Your Spending

Customize the Home tab

If there are other parts of your financial life you want to track, you can customize the Home tab so that it contains the data that is most important to you.

Note

If you haven't entered any data into Quicken, the three sections on the Home tab will be empty. Click Get Started in each section to go through the setup process for that section.

 Review your transactions

After Quicken downloads your transactions, you can review the transactions before entering them in your register in a matching process called Compare to Register.


  1. Open the account you want to work with.
  2. Click the Downloaded Transactions tab. If you'd like, you can click the column headings to sort the transactions.
  3. Quicken assigns a Status to each downloaded transaction:
    • For transactions marked New
    • For transactions marked Match
    • For transactions marked Updated
    • For transactions marked Canceled, Failed, or No Funds
  4. If you don't want to enter a downloaded transaction into your register, click the Edit button, and then choose Delete.
  5. When you've finished accepting transactions, click Done.

Can I undo accepting a transaction?

Can I accept all transactions at once?

Can I accept transactions automatically?

Can I remove transactions from the list as I accept them?

What about accepting investment transactions?

Why can't I find the Downloaded Transactions tab?

 Categorize your transactions

Categorize each transaction to get the most out of Quicken.

What about one transaction that includes several types of purchases? Or a home loan payment, where part goes to principal and part to interest? Just select Split  and enter the transaction detail.


 To assign a category to a transaction
  1. Open the account you want to use.
  2. In the register, select the Category field of the transaction you want to categorize.
  3. Enter a category name or select the drop-down arrow to select the category you want to use from a list.
    •   Tell me more about entering categories
  4. Select Save to record the transaction.
 To enter or edit a transaction with multiple categories (a split transaction)
  1. Open the account you want to use.
  2. In the register, select the transaction you want to categorize.
  3. On the transaction toolbar, select the Split icon ().
  4. In the Split Transaction dialog, enter (or edit) the category, tag (optional), and amount for each individual item on a separate line.

     What can I do here?

    As you enter a split transaction, the Transaction Total may no longer match the Split Total. Quicken displays the difference between the two amounts -- the leftover amount -- below the last split line. There are a few ways to handle this difference, depending on your situation:

    • Change the amounts in the split lines so that the Split Total is equal to the Transaction Total.
    • Select Adjust to change the Transaction Total to equal the Split Total.
    • Select Edit and choose Apply remainder to current line to absorb any remainder amount into the selected split line.
    • Select Edit and choose Allocate this line to other split lines to distribute the amount of the selected split line among all other split lines.
    • Select Allocate to distribute any leftover amount among all other split lines.
  5. As necessary, adjust the individual line amounts. (Optional)

     Tell me more

    As you enter a split transaction, the Transaction Total may no longer match the Split Total. Quicken displays the difference between the two amounts -- the leftover amount -- below the last split line. There are a few ways to handle this difference, depending on your situation:

    • Change the amounts in the split lines so that the Split Total is equal to the Transaction Total.
    • Select Adjust to change the Transaction Total to equal the Split Total.
    • Select Edit and choose Apply remainder to current line to absorb any remainder amount into the selected split line.
    • Select Edit and choose Allocate this line to other split lines to distribute the amount of the selected split line among all other split lines.
    • Select Allocate to distribute any leftover amount among all other split lines.
  6. Select OK to close the Split Transaction dialog.
  7. On the transaction toolbar, select Save to enter the transaction into the register (unless you've enabled the register preference Automatically Enter Split Data).

Notes

 Can I categorize investment transactions?
 Can I automatically assign a category based on the transaction's payee?

Yes. When you download a transaction from your financial institution, Quicken tries to automatically categorize it based on a database of payee merchant codes. If you don't download transactions or if the categories Quicken suggests don't meet your needs, you can memorize the payee and associate it with related transaction information such as a category, amount, method of payment, and so on.

 How can I remove split information from a register transaction?

To clear all split lines in a register transaction, Select the X button—to the right of Split—in the Category field. You can then assign a new category to the transaction.

 Why is the word "Form" displayed in the category field?

In some cases, Quicken uses a special form to help you enter a complex split transaction. For these transactions, the word Form indicates that the transaction has been split into multiple categories or line items. You can see an example of this with the Quicken paycheck transaction or an invoice in an invoice/receivables register (only in Quicken Home & Business).


 Create a budget

Quicken automatically creates a budget based on your recurring expense categories. Afterwards, you can easily add or remove categories to more precisely match your needs.

  1. Click the Planning tab.
  2. Click the Budgets button.
  3. Choose Budget Actions > Create new budget.
  4. Type a budget name.
  5. If necessary, change the Advanced Budget Settings.

     Budget Year

    You can define a fiscal year that begins on any month of the year. When you do so, any yearly or quarterly preferences in Quicken are offset based on the first month of your fiscal year.

  6. Click OK to create your budget.
    • The type of budget created
      Quicken creates a budget for all of your recurring personal expense categories. It does not include transfers or income categories in the budget. If you want, you can add transfers and income categories later by clicking Select Categories to Budget at the bottom of the Budget window.

    • The date range used
      Quicken creates the budget based on transactions from the previous 12 full months. If you don't have 12 months of transactions yet, Quicken creates the budget based on as few as 3 months of transactions.
    • The budgeting method used
      Quicken creates the budget based on your actual monthly expenses for prior months, and your average monthly expenses for current and future months.
    • The rounding used
      Quicken rounds each budget amount to the nearest dollar.
    • The accounts and categories used
      Quicken creates the budget based on personal expense transactions in all of your accounts except Invoice and *Sales Tax* accounts (Quicken Home & Business only).

      Quicken excludes the following categories from a budget when it is first created:

      Income categories

      Special investment and paycheck categories (usually preceded by an underscore character), such as "_401Contrib"

      The Interest Exp, Misc, and Not Sure categories

      Categories with the following tax line item assignments: Schedule A: Home mortgage interest, W-2: Federal tax withheld, W-2:Medicare tax withheld, W-2:Medicare tax withheld, W-2:Local tax withheld, W-2:Soc. Sec. tax withheld, and W-2:State tax withheld.

      After the budget has been created you can add categories and further customize it, as necessary.

  7. Work with your budget in the Budget window.

Frequently asked questions

 How do I copy my current budget to next year?

The first time you view a prior year's budget in a new year, Quicken asks you if you want to extend it to the new year. Just click OK and Quicken creates a new budget for you automatically, copying all of your current budget categories and budget values to the new budget.

If you want to get an early start

If you want to create next year's budget before the start of the new year, or if you want more control over how the budget is created:

  1. Use the date control at the top of the budget window to change the year.
  2. Quicken asks you how you want to create the new budget:
    • Copy budget categories and budget values to the new budget
    • Copy budget categories and actuals as budget values to the new budget
    • Copy budget categories only to the new budget
  3. Click OK to create the new budget.