Accounts in Quicken represent the assets and liabilities you have in the real world. You should create a separate account for each of the accounts you have in real life (like your checking account, your savings account, your credit card, your 401(k), any brokerage accounts you have, and so forth).
If you want to track the value of real-world assets, like a home or vehicle, you can create accounts for those, too. Similarly, you will probably want to create accounts for any real-world liabilities, such as a loan. Creating accounts for all your real-world assets and liabilities lets Quicken track their value and show you your total net worth.
By default, Quicken will help you set up your accounts for automatic download when available.

Setting up accounts

The steps for setting up an account are basically the same for all account types.

  1. At the top of the sidebar, click +, and then select the type of account that you want to create.
  2. Enter the name of your financial institution in the Search field, select it from the list, and click Continue.
  3. Follow the on-screen instructions to set up your account. If prompted for a username and password, enter the username and password you use to sign in to your account on your financial institution's website. This will allow Quicken to connect to your bank so you can download your transactions directly.
  4. After you enter your financial institution user name and password, Quicken will contact your bank and return a list of all your accounts at that institution which are available for download. Review this list, verify the account types, set account nicknames (optional), and make sure the Action menu next to each account name says Add.

Set an account nickname

In the last column, you can edit the account nickname. This is the name used in Quicken and does not affect the account at your financial institution. For example, if the name listed is "Checking-XXXX123" you could change it to "Family Checking" or any name you like.

Confirm the account type

In the Type column, verify the account type (Checking vs. Savings, Brokerage vs. 401(k), etc.). This determines where the account will be displayed in the sidebar. (You can also change this later in Account Settings.)

Ignore an account

If there is an account you don't wish to track in Quicken, choose to Ignore in the Action menu.

Link to a manual account

If you are setting up an account download for an account you are already tracking manually in Quicken, choose the manual account you wish to download into under the "Link to an existing account in Quicken" option in the Action menu.

After you've successfully added your accounts and connected to your financial institution, you'll see the account names added in the sidebar along with their current balances. Click an account name to view its transactions downloaded from your financial institution.

Learn more about configuring your account settings and download options.