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Quicken 2014 Essential Training
Illustration by Neil Webb

Using Quicken Bill Pay


From:

Quicken 2014 Essential Training

with Sally Norred

Video: Using Quicken Bill Pay

Quicken Online Bill Pay is an optional fee-based add-on First, I want to clear up a common misconception. The simplest way to sign up for the Online Once you sign up, you'll get a user name and password that Once again, select Tools > Quicken Bill Pay and Once you've added the account you'll pay your bills from, you can This displays a list of the online payees.
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  1. 47s
    1. Welcome
      47s
  2. 10m 45s
    1. What is Quicken 2014 Premier?
      2m 45s
    2. Defining common Quicken terminology
      2m 58s
    3. Touring the Quicken interface
      5m 2s
  3. 36m 42s
    1. Setting up your Intuit ID
      2m 54s
    2. Using the Account Bar
      2m 46s
    3. Understanding account types
      3m 59s
    4. Adding your first account
      3m 11s
    5. Updating your accounts
      3m 44s
    6. Setting up your Password Vault
      2m 55s
    7. Adding other spending and savings accounts
      5m 15s
    8. Adding investing and retirement accounts
      4m 45s
    9. Adding property and asset accounts
      2m 44s
    10. Adding loan and debt accounts
      4m 29s
  4. 42m 13s
    1. Understanding spending account registers
      4m 59s
    2. Searching, sorting, and filtering transactions
      2m 31s
    3. Downloading transactions for a specific account
      1m 53s
    4. Entering spending transactions manually
      2m 15s
    5. Understanding transaction categories
      2m 42s
    6. Categorizing transactions
      4m 37s
    7. Customizing the Category List
      3m 54s
    8. Recording split transactions
      3m 31s
    9. Transferring funds between accounts
      1m 21s
    10. Saving time with memorized payees and QuickFill
      4m 30s
    11. Reconciling accounts
      4m 8s
    12. Using the Spending tab
      2m 28s
    13. Creating and understanding spending reports
      3m 24s
  5. 20m 8s
    1. Using the Bills tab
      4m 6s
    2. Setting upcoming bill reminders
      5m 11s
    3. Setting upcoming income reminders
      4m 6s
    4. Projecting future account balances
      2m 54s
    5. Using Quicken Bill Pay
      3m 51s
  6. 24m 39s
    1. Using the Planning tab
      2m 34s
    2. Creating a budget
      5m 48s
    3. Creating a debt-reduction plan
      3m 53s
    4. Using the Lifetime Planner
      3m 32s
    5. Using the Tax Center
      3m 29s
    6. Creating savings goals
      5m 23s
  7. 18m 11s
    1. Using the Investing tab
      4m 22s
    2. Viewing your portfolio
      4m 45s
    3. Tracking your portfolio performance
      3m 10s
    4. Monitoring asset allocation
      3m 46s
    5. Creating and understanding investment reports
      2m 8s
  8. 10m 58s
    1. What is the Quicken mobile app?
      2m 51s
    2. Installing the Quicken mobile app
      3m 59s
    3. Quicken mobile app overview
      4m 8s
  9. 33s
    1. Next steps
      33s

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Quicken 2014 Essential Training
2h 44m Appropriate for all Jun 19, 2014

Viewers: in countries Watching now:

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.

Topics include:
  • Touring the interface and setting up an Intuit ID
  • Understanding account types
  • Adding and updating accounts
  • Tracking spending
  • Searching, sorting, and filtering transactions
  • Categorizing transactions and customizing categories
  • Reconciling accounts
  • Creating and understanding spending reports
  • Projecting future balances
  • Using Quicken Online Bill Pay
  • Creating a budget
  • Creating a debt reduction plan and savings goals
  • Using the Lifetime Planner and the Tax Center
  • Tracking investments
  • Viewing your investment portfolio
  • Creating and understanding investment reports
  • Using the Quicken mobile app
Subjects:
Business Productivity Home + Small Office Finance
Software:
Quicken
Author:
Sally Norred

Using Quicken Bill Pay

Quicken Online Bill Pay is an optional fee-based add-on service provided by Intuit for users of the Quicken software. It's a way to pay your bills online from within the Quicken software. First, I want to clear up a common misconception. You do not have to sign up for Quicken Online Bill Pay in order to be able to download transactions from your bank. At the time of this recording, the charge for Quicken Online Bill Pay is a $9.95 monthly subscription fee. Keep in mind that most banks have an online bill pay feature that you can use without a charge.

And you can still download these transactions to your register to keep up to date. However, to use online bill pay through your bank, you'll need to visit the bank's website. The only way you can pay bills from within the Quicken software is to sign up for Quicken's Online Bill Pay feature. With Quicken Online Bill Pay, you can pay bills from multiple accounts. To use Quicken Online Bill Pay, you first need to make sure the financial institution that you use to pay your bills supports Quicken's Online Bill Pay service. You can check to see if your bank is supported by searching the list at this link.

Next, you'll need to sign up for this service. The simplest way to sign up for the Online Bill Pay service is from within the Quicken software. Select Tools and all the way at the bottom of the menu, select Quicken Bill Pay. Select Learn about Quicken Bill Pay, and a website will open up in a new window where you can sign up for the service. You'll need your checking account number, as well as your social security number to sign up. Once you sign up, you'll get a user name and password that you can use to add the account to the bill paying service. And once you have this user name and password, the next step is to set up a Quicken Bill Pay account.

Go back to your software. Once again, select Tools > Quicken Bill Pay and this time, select Set up Quicken Bill Pay Account. You'll be prompted for your user name and password, and then you'll be asked for the account you'd like to set up to pay bills from. You can set up to ten accounts from which to pay your bills. Once you've added the account you'll pay your bills from, you can either pay your bills from that account register or on the web. To pay from your account register, you'll create a new transaction and you will select Online Payment. The first time you make an online payment to someone, Quicken will ask you for some information in the Setup Online Pay dialog box, where the person lives or where the business is located, and what account number Quicken can use to identify you or your business to the person or business that you pay.

You can also describe online payees by choosing Tools and the Online Payee List. This displays a list of the online payees. You can only choose this option if you signed up for Quicken Bill Pay. Once you've recorded your payment, you need to send it to the bank. To do so, perform a one-step update just like you do when you're downloading transactions and balances from your bank. Quicken will connect to the internet to your bank's computer. As part of making this connection, you'll need to provide a pin. When Quicken finishes sending your payment instructions to your bank, it displays a summary that basically says you've connected to the bank's computer and sent it some payment instructions.

And at this point, you're done. You've paid your bill. Once you've set up your Quicken Bill Pay using the above steps, follow the general topics for setting up payees, paying bills, updating payment status, and so on from within the Quicken help. You can also do these tasks from the Quicken Bill Pay website if you prefer to do these tasks from a web browser. That's available at Tools > Quicken Bill Pay > View and Pay Bills on the Web. There is a good chance you can sign up for online bill pay through your bank even if you don't sign up for Quicken's Bill Pay service.

And you don't need to sign up for Quicken Bill Pay to download transactions from your bank. Consider signing up for Quicken Bill Pay if you have a small business, but for most individuals, it's not necessary.

There are currently no FAQs about Quicken 2014 Essential Training.

 
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