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Organize Your Money With Quicken - Basic & Advanced
Rating: 4.0 out of 5(138 ratings)
775 students

Organize Your Money With Quicken - Basic & Advanced

Learn Step by step through Quicken basic & advanced technical parts - Understand how to use Quicken Home and Business
Last updated 1/2020
English
English [Auto],

What you'll learn

  • Using and Navigating Quicken
  • Working with Cash on Hand
  • Setting Up for Paypal
  • Categorizing Transactions
  • Part Business/Part Personal Transactions
  • Tracking Cash Purchases
  • Montoring Cash Position
  • Tracking Mileage
  • Securing Your Data
  • Working with PayPal fo Business
  • Understanding Financial Statements
  • Working with Uncategorized Transactions
  • The Difference Between Accounting and Tax Statements
  • Invoicing Clients
  • Accounging for Recievables
  • Working With Personal Funds
  • Crediting An Invoiced Client
  • Making Sales On An Affiliate Platform
  • Creating an Categories for An Affiliate Sale
  • Borrowing From Your Credit Card
  • Paying Back Your Credit Card
  • Outsourcing Expenses
  • Buying Items for Resale
  • Selling Items As Inventory
  • Tracking Your Bitcoin Value

Course content

2 sections39 lectures3h 34m total length
  • Getting Started With Quicken3:38

    Navigate the Quicken desktop welcome screen, create or sign in with a Quicken I.D., and set up a vault password to enable mobile sync.

  • Which Version of Quicken Do I Need1:54

    Identify the right Quicken version for your needs; the home and business subscription separates expenses, tracks profit and loss, and delivers tax statements with ongoing support and automated data import.

  • Navigating Quicken3:13

    Navigate Quicken to manage files, back up and restore, and import or export data; create reports and graphs to compare balances, taxes, and personal versus business finances, including credit scores.

  • Initial File Security Operations2:09

    Set a custom password for your Quicken data file, enable a password to modify transactions, and back up to the cloud for added safety.

  • Set Up Cash On Hand4:15

    Add a cash on hand account in Quicken, designate it for business, and set the opening balance and date; then adjust and save changes as needed with your password.

  • Set Up Paypal Standard3:07

    Connect and configure a standard PayPal account in Quicken by linking the account, entering PayPal login details, saving credentials, and setting data options; classify as checking and nickname the account.

  • Categorize Your Transactions4:48

    Categorize each downloaded transaction in quicken by assigning the correct category or creating a new one with subcategories and descriptions for accurate income and expense reporting.

  • Setting Up A Second Or Paypal Business Account2:32

    Set up a second PayPal business account in Quicken by creating a new user ID and password, configuring permissions, and connecting to download transaction history and a settlement report.

  • Setting Up Checking1:57

    Add a bank account to Quicken by using tools to add a checking account, search for your bank, log in, and connect; then categorize expenses as business or personal.

  • Working With Uncategorized Transactions1:32

    Quicken guides you to categorize previously uncategorized transactions, save changes with your transaction password, and then use reports to assess your business's financial position.

  • Categorizing Payments That Come Out Of Your Account4:51

    Quicken blends cash and accrual views to forecast recurring payments. Schedule these on a calendar, assign categories, write memos, add tags, and sync with Outlook calendar to track due dates.

  • Memorizing Payments And Payees2:06

    Memorize regular payments and payees in Quicken via the tools area to route transactions into the same category and reduce manual work.

  • Tracking Receipts2:22

    Learn how Quicken tracks receipts by attaching them to transactions, using the print menu to save receipts as PDF, and organizing attachments for tax-time backups in the cloud.

  • Accounting for Part Business, Part Personal And Splitting Transactions2:44

    learn to split a single transaction in Quicken to allocate portions to personal and business categories, using the split tool, setting proportions and appropriate categories.

  • Tracking Cash Purchases1:48

    Track cash purchases with your cash on hand account, entering the payee, memo, purchase details, and category, then attach the receipt and save the transaction for tax readiness.

  • Monitoring Cash Position With Calendar3:27

    Monitor your cash position with the calendar in Quicken, view future balances across all accounts, and set reminders for recurring payments to plan cash flow.

  • Is My Business Profitable2:50

    Use Quicken to categorize transactions, view a month-to-date or year-to-date profit and loss report, drill into line items, and print or save for backup.

  • Using Your Mobile Device To Track Transactions2:37

    Enter transactions on the go with the Quicken mobile app, attach receipts via photo, sync to the cloud, and see updated balances on desktop.

  • Tracking Mileage In Quicken2:00

    Track your business mileage in Quicken Home and Business with the mileage tracker, logging trip on a computer. Keep a deductible log for tax authorities, since mobile tracking isn’t available.

  • Is My Data Secure2:40

    Determine data security in Quicken by choosing to sync to the Quicken cloud or work without syncing, using one step settings to select which accounts are synced.

  • Bonus - Webinar47:16

    The bonus webinar explains separating business and personal finances with Quicken, applying traditional accounting to bootstrapped digital businesses using balance sheet and income statement insights.

Requirements

  • There are no requirements for this course

Description


- How to use Quicken Home and Business

There really is a reason that large companies, publicly traded, privately held, start ups and long time business owners ALL rely on financial statements.

Whether you are just learning how to use financial software, or you'r an old pro, understanding how to use it to get organized is vital to help you to make the right decision for the right reason.

Think of what it would be like to look at something that you want to buy or something you need to invest in, and be confident as to what kind of impact it can and will have in your business. Once you understand the fundamentals of your financial statements, you can make solid decisions about everything you do in business.

In this course, you’ll find out how to use Quicken Home and Business to create easy to use financial statements.

Topics covered:

  • Using and Navigating Quicken

  • Working with Cash on Hand

  • Setting Up for Paypal

  • Categorizing Transactions

  • Part Business/Part Personal Transactions

  • Tracking Cash Purchases

  • Monitoring Cash Position

  • Tracking Mileage

  • Securing Your Data

  • Working with PayPal for Business

  • Understanding Financial Statements

  • Working with Uncategorized Transactions


- Quicken Advanced

If you’re like most people, you’re going to be super excited about what you’re about to learn about putting your own business financial system in order.


But, it’s possible that you also may be like most people in that the “boring detail” stuff slows you down. In fact, it makes some people give up altogether.

This video-course will take you step by step through the technical parts of understanding how to use Quicken Home and Business.

You will learn:

  • The Difference Between Accounting and Tax Statements

  • Invoicing Clients

  • Accounting for Receivables

  • Working With Personal Funds

  • Crediting An Invoiced Client

  • Making Sales On An Affiliate Platform

  • Creating an Categories for An Affiliate Sale

  • Borrowing From Your Credit Card

  • Paying Back Your Credit Card

  • Outsourcing Expenses

  • Buying Items for Resale

  • Selling Items As Inventory

  • Tracking Your Bitcoin Value



- Quicken Introduction -

Quicken is a personal finance management program created by Intuit, the makers of QuickBooks. Whereas QuickBooks was developed for businesses who wanted handle the bulk of their accounting in-house, Quicken was designed for the home-based or small business user who wants to manage their finances using a feature-rich, intuitive accounting program that's simple to use.

Quicken software gives you the power to do more than just log your finances and manage your bills. It can also be used to create a budget and better manage your money. If you're like the majority of the population and find yourself living paycheck to paycheck, you can use Quicken to track where your money is spent, then change your spending habits to allow more for savings. Quicken will show you, at a glance, where your money is going so you can better spend - and better save. What's more, it will also help you plan for the future by helping you manage investments.

Just as they are more than several ways that you can use Quicken to manage your money and finances, there are also several versions of Quicken that you can use. Each version is tailored to a specific user and ensures that Quicken is the exact program that you need. For example, someone who simply wants to manage their bank accounts and categorize transactions would do fine with the Starter Edition. However, someone who wants to track investments in addition to managing bank accounts would do better with Premier.

The version that you choose to purchase should be determined by your financial and accounting needs. Take a look at the screenshot below taken from the Intuit website. Each version of Quicken is listed, along with the features that each contains. You should choose the version that contains the features that you'll need as you use the program.


What's New in Quicken

All versions of Quicken come jam packed with new features and tools to give you more reasons to use the program - and more ways to benefit from it. Let's take a look at the major improvements included in the latest release.

These improvements include:


  1. The ability to snap pictures of receipts using your phone or tablet, then store and track them using Quicken. This makes tracking spending and tax deductions easier than ever.


  2. The Quicken mobile app makes it easy to check your finances right from your phone or tablet. Plus, you can get email and text alerts when unusual transactions occur. Simply download the mobile app from your phone's app store, then sign into your Intuit account to get started.


  3. The ability to view bills directly from the register. It makes it easy to track bills that are coming due and estimated future balances.

ref: universal class

Who this course is for:

  • For you that wants to learn How to Organize Your Money