Easy-to-follow video tutorials help you learn software, creative, and business skills.Become a member
Once you've added your accounts to Quicken. Categorize your transactions, and setup your bill and income reminders. You can get a good idea of your future account balances by using the projected balances feature of Quicken. You can see where you stand financially and plan realistically for your upcoming expenses, by looking at the projected balances graph available under the Bills tab. You'll need to make sure, you have added your accounts. Categorize your transactions, and set up your main bill and income reminders in order to see an accurate projection of your account balances. Let's take a quick peak, at how the projected balances feature works in Quicken.
Start by clicking the Bills tab in the upper left. Click the Projected balances tab next to upcoming in the upper left. Once you've entered your bill and income reminders for your accounts, you'll see a graph along the top showing your projected balances for your accounts. Underneath, you'll see your upcoming bills and income in a list format. You can select different accounts to view here, as well as different time ranges by using these dropdown menus at the top. We'll start by looking at Jeanie's primary checking account since this type of account is commonly used to pay most bills and depositing pay cheques.
Note that we recently updated the balance online for this account, by connecting and updating this account with one step update on Quicken. So we know today's balance is accurate. So let's take a closer look at this projected balances graph along the top. This graph displays a forward looking estimate of the total amount of money Jeanie's account, plotted against time. The x axis along the bottom, shows upcoming dates, starting with today. The y axis shows dollar amounts. We can see that with Jeanie's projected bills and income, she'll have enough income in her account, to cover her bills through the month.
This graph is interactive as well. A green dot, marks a date on which you have transactions that maintain a positive balance. Click on a Green dot to see those transactions. Now let's take a look at the upcoming bills and income list below the graph. I can take the upcoming reminders in chronological order in this list. I can also take in action, on any of these upcoming reminders, by clicking the Action button in the left most column. I can enter the reminder as a transaction in the register. I can skip this reminder, to remove it from the graph. Or, I can edit this reminder to change the pay, amount, date or any other detail of the bill or payment.
And I can do that for this instance, or this and all future reminders. I could also delete, this in all future reminders for this reminder. If I want to add another reminder, or manage my reminder in more detail I'll use these two buttons in the top right corner. The projected balances feature under the bills tab works best when you've updated and categorized transactions in your account, and added all your main bills and income reminders. It's great to be able to have an eye on tomorrows cash flow when planning your finances.
Get unlimited access to all courses for just $25/month.Become a member
Access exercise files from a button right under the course name.
Search within course videos and transcripts, and jump right to the results.
Remove icons showing you already watched videos if you want to start over.
Make the video wide, narrow, full-screen, or pop the player out of the page into its own window.
Click on text in the transcript to jump to that spot in the video. As the video plays, the relevant spot in the transcript will be highlighted.
Your file was successfully uploaded.