Add New Account How To Use Quicken 2010 Series Part II

It is easy to add accounts to Quicken, and I will show you how to do it in this post which is Part II of my series How to Use Quicken 2010.

Although it is easy once you know what you are doing, it is confusing due to the choices given by Quicken.  I will include screenshots to make it easier to follow my instructions.

Step One.  Start up Quicken.  Go to File and select New Quicken File.

Quicken 2010 Screenshot How to Add a New Account Step Two. You will be given a choice of which kind of new file you wish to create. Select “New Quicken Account”.  This is the one that will allow you to add an account to your current Quicken “File” which contains all of your current accounts. If you were to choose “New Quicken File” this would begin an entirely different set of accounts. Say for example, you were planning to share Quicken with your roommate. Your roommate would then need to create his or her own individual file to hold his or her individual accounts. Click OK.

Quicken 2010 Screenshot Add New Account Tutorial Step Three.  Select the type of account. For this tutorial I’m going to be adding a Savings account. Click the button of the account you are adding, and click Next at the bottom.

Quicken 2010 Tutorial How to Add An Account

Step Four, A. You will see one of two screens. You may see the following screen. If  you do, select from the list below, if your bank is listed, or select the second button “No, the account is at a different institution or has a different login”. If you do not see this screen, simply go to Step Four, B.

Quicken 2010 Tutorial Series Screenshot How to Add An Account

Step Four, B. If you see this screen, check the first button and enter the name of your bank. Click Next.

Quicken 2010 Tutorial Series Screenshot How to Add An Account

Step Five. The first radio button will be selected automatically, now just enter your log in name and password. NOTE: You must have an online account with this bank in order to connect using Quicken.  If you have not created an online account, go to the bank’s website and register your account. Return to Quicken and finish setting up this account. I was able to register with the bank and literally minutes later connect using Quicken.

Quicken 2010 Tutorial Series Screenshot How to Add An Account

Step Six. Click Next and Quicken will indicate that it is looking for your account.

Quicken 2010 Tutorial Series Screenshot How to Add An Account Step Seven.  If Quicken connects successfully, you will see your account. At this time you may go with the “Account nickname” that Quicken has chosen, or you can rename it. (You can also rename it later). Click Next. Quicken 2010 Tutorial Series Screenshot How to Add An Account

Step Eight.  Quicken will begin working to establish a connection and will download your recent transactions:

Quicken 2010 Tutorial Series Screenshot How to Add An Account Step Nine: Quicken will tell you that your account has been set up successfully. You can see your account number and the number of transactions which have been downloaded.  Click Done.

Quicken 2010 Tutorial Series Screenshot How to Add An Account Step Ten: You’re almost done!  As you can see at the bottom of the previous screenshot, your next step is to review the transactions which were downloaded to your new account. As you can see in the screenshot below, this account was opened on April 29, 2010 with a deposit of $10.40.  Actually what happened with this particular account of our is that it used to be at a different bank, and was taken over by Discover Bank. Now if you look at the bottom of the screenshot, you will see the new transactions.  These are monthly interest amounts and to enter them into the register simply click on Accept All.

Quicken 2010 Tutorial Series Screenshot How to Add An Account

Step Eleven. Voila!  All transactions are automatically entered into the register.

Quicken 2010 Tutorial Series Screenshot How to Add An Account

Quicken is making it easier and easier to keep track of all my accounts.  Do you use Quicken?  Have you ever added a new account using this easy method?

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4 thoughts on “Add New Account How To Use Quicken 2010 Series Part II

  1. I saw the title and had to resond. I have been using quicken for more than 10 years. I am so annoyed as my files have gotten “too big.” After many emails, conversations etc., I have to start over with a new file for our personal portfolio. It stinks!

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    Mrs. Accountability Reply:

    @Barb, that’s awful! I’ve thought about that over the years and wondered what would happen if I used Quicken for too many years in a row. I can’t believe they made you start over from scratch! Bummer.

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  2. Yea, It even gets worse. I went to a computer guy to get my business portfolio files (13 years of data) transferred to a usb drive. He called and said my hard drive was wiped clean of everything and there was no way to get it back! I just finished doing a partial update of all of my corporate financial records from Jan 1, 2010. It’s lucky I haven’t fallen off the deep end! 🙂

    [Reply]

    Mrs. Accountability Reply:

    @Barb, oh dear. I am so sorry. Oh my goodness, I would feel like suing that computer guy! Why didn’t he do a backup first? I did lose 3 months of data a few months ago and it was a nightmare trying to get everything back. The really ironic thing is I was paying for Carbonite but my backups hadn’t been put in place after I upgraded my computer. Talk about a kick in the shins!

    [Reply]

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