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.
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.
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.
Step Four, B. If you see this screen, check the first button and enter the name of your bank. Click Next.
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.
Step Six. Click Next and Quicken will indicate that it is looking for your 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.
Step Eight. Quicken will begin working to establish a connection and will download your recent transactions:
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.
Step Eleven. Voila! All transactions are automatically entered into the register.