With Quicken it is now very easy to generate categories for all your financial transactions. Here is an example: in the case that you want to track individual personal expenses for you your wife and your children. You could generate two sub categories under the personal category however do you really need a different personal sub category for your kids and for each family member. In cases that you do and if you apply the same logic to your other expenses, you will just end up having a very high number of sub categories and categories that will make it very hard and confusing to manage your accounts and follow each family member’s expenses. The best way to do this is to create classes in Quicken. Classes are different from categories and sub categories in a way that they can also define a transaction that has already been assigned to a category or a sub category in the past. For example, you could create a class for each family member. In order to do so choose Lists and then Classes. Then click on the New button in the Classes window, and add a new class name. Then, during data entry. You can allocate a class to a transaction by adding a forward slash and a class name to a category name or a sub category name. For example: you would have to enter personal/Dave for one of Dave’s personal expenses. Once you’ve set up your classes in Quicken you can easily create reports for the entire family’s personal expenses. You could also create reports for all your expenses and also for just your personal expenses by applying different sorting methods by the different classes, categories and sub categories.

How to back up your data files? It is highly recommended to back up your quicken files once a month. It is crucial to back up any quicken files and data before upgrading quicken to newer versions. It is highly recommended to use the online backup that is offered by Quicken. The reason for that is that Quicken’s Online Backup uses the same data encryption and security measures used by banksand other financial institutions. In addition, Quicken Online Backup backs up only your financial data, not your Quicken program files. In case there is any problem with your software and you have to reinstall it, you will need to download and re-install Quicken again. Therefore it is also important to register your software during the installation process.

Popular Quicken Keyboard Shortcuts:

Ctrl + O = Open

Ctrl + P = Print

Ctrl + R = Go to the register

Ctrl + S = Open the Split Transaction window

Ctrl + I = Insert transaction

Ctrl + J = Set up scheduled transaction

Ctrl + K = Go to Financial Calendar

Ctrl + L = Select class

Ctrl + M = Memorize transaction

Ctrl + N = Go to new transaction

Ctrl + V = Void transaction

Ctrl + W = Write Checks

Ctrl + X = Transfer transaction

Ctrl + Z = Zoom report amount

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Personal Accounting Help, How to Learn Quicken, Quickbooks Consultants

Quicken Help and Tips http://www.quickencoach.com/personal-accounting.html

Author Bio: Personal Accounting Help, How to Learn Quicken, Quickbooks Consultants

Category: Advice
Keywords: Personal Accounting Help, How to Learn Quicken, Quickbooks Consultants