quicken sub accounts

Quicken For Mac 2017 Subaccount ✦✦✦

We looked at Quickbooks a while ago; it seemed very complicated and raised some of the same how do we organize things questions.

quicken sub accounts

I believe that this is what I have done so each of our fundssub-accounts corresponds to a unique cash account.. e operating expenses LIke I said, I never implemented this other than in a test file, so I welcome suggestions from you or others.. In the meantime, here goes My church uses a single checking account Internally we break this account into several funds or sub-accounts for record keeping purposes.

quicken sub accounts

quicken sub accounts

After setting up the Cash Account, you can rename them, to meaningful names You can Transfer from your Checking Account via Split Categories into it or manually enter the information in the Cash Accounts.

Thanks, NotACPA I was afraid I was going to hear this sort of reply My approach worked quite well until we opened a second account.. Similarly if an expenditure was made from a designated fund the check would also be posted as a transfer from that fund, thereby reducing the liabiilty balance in that fund.. Question: thecreator suggests using cash accounts (no online services) and renaming them to match our funds.

Checks of an operating nature, ie not from the funds, are booked simpy as that, i.. The challenge with this approach is that Quicken doesnt see the difference between these cash accounts and a truly different account.. That is people could earmark their contributions to them for a stated purpose The way I set it up was to create Liability accounts for each of the restricted funds, because they are effectively claims on the cash.. Then I set up Categories that allow income and expenses to be tracked by type Including this truly separate account as a Quicken account creates confusion between the notions of account and fund (or sub-account) within an account.. In Quicken I have treated each fund as a separate bank account within a single Quicken file. 5ebbf469cd

5ebbf469cd

Quicken For Mac 2017 Subaccount EXCLUSIVE