Hello Ernest!
07 Sep 95 20:44, Ernest Behrle wrote to All:
EB> This msg is to anyone that may be able to help. I've had Quicken
EB> for Windows, version 4 for just a short time and maybe the answer is
EB> right in front of my nose.
EB> My wife and I have one checking account but we each have our own
EB> check registers and checks. I call these sub-accounts and we make our
EB> own deposits/withdrawals to each sub-account. The system works quite
EB> well and avoids lots of troubles.
EB> Now, I'd like to keep doing this but I see no way I can with
EB> Quicken. That is, I'd like to maintain two sub-accounts in Quicken
EB> and have them tied to the main checking account also in Quicken.
EB> Has anyone out there done this? If so, maybe you would be so
EB> kind as to giving me a few clews about the process.
EB> Thanks much.
Ive done this for a long time now(on paper, not quicken). The best way I
have found to do this with quicken is the double entry method. Basically
create 3 seperate accounts.
1. The first is the real account. All entrys from each check register are
entered here. This is also the account to balance to the bank statement at
the end of the month.
2 & 3. These are your personal accounts. Enter the transactions from each
check book into the appropriate account.
NOTE: This can be done entering everything 1 time by entering the
sub-accounts first and then exporting the trans to a file and importing that
file into the main account.
At the end of the month, balance the main account to the check register.
After balancing, clear all entries in the sub-accounts that appear on the
bank statement. Then add the two account balances together and they should
equal the main accounts balance.
REPORTING: Quicken offers the nice option to include or exclude accounts
from each report. If you want to see how things size up on your combined
spending, include the combined(REAL) account and exclude the sub-accounts.
If you want to see how each of you is spending their money, include the
sub-accts(or just 1) and exclude the combined account.
This can be a stickie work-around and doesnt provide great flexibility with
reporting but does make things manageable here till Quicken supports a better
method of doing things.
John
... Well I can't hear a thing! Let's go to the stoning.
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