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Remove the mystery from your finances with Quicken 2014, the one-stop shop for managing your money and charting your financial future. In this course, Sally Norred takes you on a tour of this powerful personal finance tool, showing how to connect with your bank, and integrate your savings, retirement, loan, and credit card accounts to see the big picture of your financial health. Learn how Quicken automatically tracks and categorizes your spending, and then see how to customize this tracking to suit your needs. Walk through setting up bill and income reminders to stay on top of important payment dates and developing a budget that gives you the information you need to make sound financial decisions. Once you understand the basics, discover Quicken's tools for helping you get out of debt as soon as possible and create savings goals for your next big purchase. Last, see how to get the most out of your investments and check out the Quicken mobile app, which allows you to track purchases using photos of receipts taken with your mobile device.
Once you've been entering transactions into Quicken for a few months, you may want to see a report of your spending in a report format that you can print out and compare to other reports. You might want to answer questions like, how much are you spending on entertainment compared to last year? How much have you spent for the last 12 months on your phone bill? Or you may just want to see where your money's going in a highly detailed format. You can use Quicken's preset reports and graphs to help you better understand your financial situation, make informed decisions, and reach your financial goals. Let's start with an overall spending report.
I'm going to make a report for Genie showing her spending by category so far this year. Click the Spending tab, and click the Reports menu in the upper right corner. Now, you'll see a lot of different types of report options in this list. Itemized reports, spending by pay, spending by category, and you'll see even more report options besides spending reports by clicking this Little arrow at the bottom. For this example, we'll walk through a spending by category report, so I'll click Spending by category. First, I want to set the date range. By default, Quicken shows me year to date.
I'm going to keep the year to date, date range. I can also add columns, on my report to show me a breakdown of spending by week, or by another timeframe. If I want to customize the report, I'll click the Customize button. Or I can select a custom display, specific accounts, specific categories, or payee's, or even specific types of transactions. For now i'll keep the default settings, which will show all of Jeannie's spending transactions, year to date. In the top half of the report, we see a graph similar to this graph on the spending tab.
The report below, shows spending totals for all of Jeannie's transaction categories and sub-categories. There's also a pie chart similar to the pie chart on Jeannie's spending tab, which shows an image of her spending. Now here's something really detailed. When I hover over a category, notice how my cursor turns into a magnifying glass. If I click on a Subcategory that contains transactions, for instance if I click on Food and dining groceries, it'll show me all the transactions in that sub-category. I can click the Back arrow in the upper left to get back to the full report.
If I want to refer to this report later, I can save the report by clicking the Save report button. I click Save. Name the report and click OK. It can be especially helpful to save your report if you take it a bunch of time setting up a customized report, so that you don't have to spend time customizing the settings the next time you want to run that report. I can also print this now by clicking the Print button. Personally, I like to print out my spending reports as well as save them.
Follow the prompts to print on your printer. If I need to find a report that I've saved, click the Reports menu in the top right, click All reports, and click My saved reports and graphs. And here is that report that I've just saved, Spending by Category April 2014. Consider creating a spending report once you've been categorizing transactions for several months. Once you have your spending transactions for several months, you can start to see some interesting trends in your spending, and make financial decisions based on this data.
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