Entering a transaction

Efficiently managing your transactions in Quicken involves detailing information about the payee, category, tag, and memo. Here's how to ensure each transaction is accurately recorded, providing clarity and insight into your financial activities.

Payee Information

• Who Is Involved: In the Payee field, specify the individual or entity receiving the payment or making the deposit to you.
• Managing Payees: To keep your Memorized Payee List current, remove any payees you no longer transact with.

Categorizing Transactions

• Identify Purpose or Source: Use the category and tag fields to indicate the reason for an expense or the origin of a deposit.
• Selecting a Category:
  • Directly type a category or use the dropdown menu to browse through organized groups like personal income, personal expenses, business revenue, and business expenditures.
  • Quicken may offer category suggestions based on the payee information.
  • For transactions covering multiple categories, select the Split option to allocate amounts accordingly.

Adding Memos

• Optional Notes: The Memo field allows you to add a note for additional transaction details. These memos can be included in reports for a comprehensive view.

Completing the Transaction

1. Select the Payment/Deposit Account: Choose the account from which funds will be paid out or deposited into.
2. Method/Check Number: Depending on your account type and features, select a transaction method or enter a check number.
3. Transaction Amount: Input how much will be paid or received.
4. Date of Transaction: Set the correct date for the transaction, adjusting as needed.
5. Finalize: Click Enter Transaction to record it in Quicken.