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- View Offline
- 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
Skill Level Appropriate for all
Income reminders, will alert you to upcoming paychecks or income, and can help you forecast your future account balances. You can even set Quicken to enter your paycheck or other income transactions for you, in your register automatically. Let's talk for a minute, about why it can be helpful to add income reminders. At start up, click on checks for bill and income reminders that are due or past due since the last time you used Quicken. If it finds any, Quicken will display a reminder for you. If you've entered bill reminders, you'll want to know if you're projected to have enough money in your accounts to cover these upcoming bills.
Adding income reminders, will help show you your projected balances in conjunction with your bill reminders. If you selected Automatically enter, when you created the income reminder, Quicken will enter it as a transaction in a register automatically, without asking you for confirmation. You don't need to select this option, if you download transactions automatically from your bank. Let's walk through the process of adding an income reminder. First click the bills tab along the top, click the add reminder button on the right hand side of the bills tab window, and select the income reminder option. Use income reminders for your recurring deposits, such as the net amount of your paycheck.
I'll add an income reminder for genies regular paycheck. She gets paid twice monthly. On the 15th and the last day of each month. In the pay to field, type the name of the payee. As you type, Quicken tries to find a match in the memorized payee list. If Quicken finds a match, select the payee from the displayed list, if it doesn't find a match, continue typing to create a new payee. I'll add Connectico for my payee, click the next button, enter your next paycheck date. Since Jeanie gets paid on the 15th and the last day of every month, her next paycheck date is actually today.
But, since she gets paid twice a month, we'll click change here, to set up two pay dates. We'll select twice a month, on the 15th and the last day of the month. If theres an end date, select an end date here. Click OK. Now select the amount of income Genie will get per paycheck. Each of genies paychecks is $1,500. So well enter $1,500 here. Now, select the account to which your payment is deposited. Jeannie deposits her pay check to her checking account, so they'll select Jeannie's checking here.
Now, add a category. Type a category name, or click the drop down arrow to select the category to use from the list. I'll select Net Salary. You can even add a tag or memo, if you want to be very detailed about this income reminder. Click OK when done. Now you can add any optional settings for this reminder. I'm going to change the number of days in advance that this reminder pops up. I'll click change, I'll change this to five days in advance. Jeannie doesn't need to automatically enter this transaction in her register, since she downloads transactions automatically from her bank, but we do want to click, use only business days for reminder days.
So Quicken ignores weekends and holidays. Click OK. Since Jeannie gets a fixed amount needs pay-check, we'll leave estimate amount for me off. Click Done when your done setting up this income reminder. To see Jeannie's paycheck reminder, or change the reminders to show due within the next 30 days, since your next paycheck, is on the 15th. Now this pops up. So let's look in Jeannie's checking account to see the reminder there. We can see that our next payment from ConnetiCo is upcoming on May 15. Her current balance is not affected by this deposit, but her ending balance, her projected balance, is.
Remember to set up your income reminders from the Bills tab. Then, when pay day comes around, Quicken can enter your pay check in the register automatically. You'll be able to see a more accurate view of your projected ending balances in your accounts.