Tips for new users?


S

Steve

There are some account setup options that can make a big difference in
your level of aggravation down the road. For instance, many users
have come to regret using a Single Mutual Fund account instead of a
Brokerage account. Thought it might be interesting to see what tips
folks might have for new (or experienced) users, to avoid future
problems or make things easier to handle.
 
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P

Paul Bunting

Steve said:
There are some account setup options that can make a big difference in
your level of aggravation down the road. For instance, many users
have come to regret using a Single Mutual Fund account instead of a
Brokerage account. Thought it might be interesting to see what tips
folks might have for new (or experienced) users, to avoid future
problems or make things easier to handle.
I am fairly new to Quicken. I used only the checkbook portion for a while
then added credit cards and then investments. Some thinks I learned (and
continue to learn) the hard way that I wish I knew from the beginning:

o - how to transfer between accounts. I was creating a checkbook entry for
paying credit card bill and then going to credit card account and creating
an entry for credit card getting paid.

o - setting up periodic paycheck info with form for taxes/deductions.

o - setting up mortgage/mortgage payment to automatically track interest and
remaining balance.

o - downloading data from financial institutions.

I am currently using Q2004 Basic. Some of the things I would still like to
know:

o - What version should I be using? Basic? Deluxe? Premier? Quicken.com
was a little bit helpful but I am still not sure. Nice to have real user
stories, examples.

o - Real world examples of some of the uses of reporting (what are my YTD
paycheck deductions?, What is my cost basis for a mutual fund?, etc.)

o - How can I track life insurance - both face value and cash value.

o - How much detail do I want to put in? For example, I used to enter only
net paycheck amount and now I enter all ~19 taxes and deductions.


Paul
 

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