How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Robert M. Your Own Question
Robert M.
Robert M., Consultant
Category: Financial Software
Satisfied Customers: 8750
Experience:  30 yrs. of computer experience in financial and marketing departments.
23372949
Type Your Financial Software Question Here...
Robert M. is online now
A new question is answered every 9 seconds

Using Qucken 2015 Deluxe time. Understand how you can set up

Customer Question

Using Qucken 2015 Deluxe for first time. Understand how you can set up balance sheet accounts. How do you set up revenue and expense accounts?/
Submitted: 1 year ago.
Category: Financial Software
Expert:  Robert M. replied 1 year ago.

quicken doesnt really work that way. Its not a double entry book keeping system

it is more of a glorified check book

what are you using it for? You might be better off with quickbooks rather than quicken if you are trying to run a business off it.

but for personal finances quicken works quite well. but it keeps track of everything just as an entry in a check book and allows you to classify them and do all sorts of reports and budgeting. using the category function is what would tell you what each entry was for so you can use it for budgetting or tax purposes

it also has separate account types for things like loans or mortgages.

If you would like to call me i can try to explain how to do what you want to do with quicken or whether you are better off with quickbooks which is a true book keeping system with a general ledger.

Related Financial Software Questions