How do I add a new bank account to Quicken?
Log into Quicken. Once in Quicken press "ctrl A". This will bring up a list of all your accounts. From this screen there will be a button which says "new". Select this button and answer all questions as prompted.
How do I record the transfer of funds between two bank accounts?
Ensure that both accounts are already set up in Quicken. Go into the account that you are making the transfer from. Once in this account enter the transaction as follows:
- Enter the date as the date of the transfer.
- Select the tranfer code from the drop down list in the transaction number field.
- Make the payee "Transfer".
- Enter the amount of the transfer in the payment field.
- In the category box list the name of the account to which you are transfering the funds. To get a list of the accounts press the down arrow to the right of the category box. This will bring up all your categories. If you scroll to the very bottom of the list all of your bank accounts will appear as well.
- Record a note in the memo field if you wish (optional).
- Click the enter button to record the transaction.
How do I record a check/deposit that should be allocated to more than one category?
You can record a transaction that should be listed in several different categories through the use of a split transaction. If you press the down arrow button to the right of the category box, a window will appear with the various categories. There is a button titled "split" that you need to select. This will allow you to record various amounts to different categories which add up to the check or deposit total.
What is the Group Allotment category and when should I use it?
The category called Group Allotment should only be used by those chapters which have groups. Currently, only the New York and Washington DC chapters have groups and they are the only units which should be using this category.
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