How do I track the activity in my banking accounts
Quicken includes reports that show high-level breakdowns of your income and expenses or cash flow, lists of your transactions, whether your Quicken account records agree with your current bank statement, and even if you've entered transactions that skip a check number or include duplicate check numbers. Together these reports can help you spot trends or issues that need attention.
You can create a number of reports to track the transactions in your banking accounts. Click the topic below for the report you want more information about.
- Banking Summary report
This report provides subtotals by category, tag, payee, or account without listing transactions. It covers all checking, savings, cash, and credit card accounts, and it is a good report to run when you want to focus on inflow and outflow totals plus transfers.
A Banking Summary report initially excludes transfer transactions that occur within the accounts included in the report (such as the opening balance or adjustment transactions). For example, Quicken includes a transfer of funds from checking to savings. To change the transfers that the report includes, click Customize, click the Advanced tab, and change the Transfers setting.
Quicken usually displays the summary report with category or tag names rather than category or tag descriptions, but you can change the report to display descriptions. (choose Reports menu > Reports & Graphs Center, and click Preferences.) Then, if a category or tag has no description, Quicken displays the category or tag name.
- Cash Flow report
This report summarizes your income and expenses by category. It covers all checking, savings, cash, and credit card accounts, and it is a good report to periodically compare your inflow and outflow transactions without transfers.
A Cash Flow report initially excludes all transfer transactions. For example, Quicken doesn't include a transfer of funds from checking to savings. To change the transfers that the report includes, click Customize, click the Advanced tab, and change the Transfers setting.
If you purchased Quicken Home & Business, you can use this report for your business finances as well.
- Cash Flow by Tag report
This report summarizes your income and expenses by tag, and can be useful when you want to see the additional detail tags can provide. If you purchased Quicken Home & Business, this report also includes business tags.
The Cash Flow by Tag report includes all accounts and initially includes all external transfer transactions. For example, Quicken includes a transfer of funds from checking to savings. To change the transfers that the report includes, click Customize, click the Advanced tab, and change the Transfers setting.
- Tag - Another way of labeling your transactions in Quicken. You use tags to specify where, to what, or to whom your transactions apply. For example, you can see the total cost of a vacation by tagging just the transactions in your checking account that apply to the vacation and then customizing a report for the tag.
- Business Tag - When you add a business to Quicken, you associate a tag with a specific business. Once a tag is linked to a business, it becomes a business tag that enables Quicken to group the transactions for the specified business in the Business Center snapshots and the Tax Planner. Quicken also groups transactions by business in the Tax Schedule report and the Schedule C report.
- Missing Checks report
This report lists payments from all bank accounts by check number, so you can easily spot a break in a sequence of check numbers. It lists missing check numbers as well as duplicate check numbers.
Click Expand All to display the individual accounts and all the checks they include, or click Collapse All to hide the checks and display just the individual accounts.
If you purchased Quicken Home & Business, you can also use this report for your business finances.
- Reconciliation report
This report compares your Quicken account records with the information on your current bank statement so you can resolve any differences between the two. You can print this report before you reconcile your account to see your cleared and uncleared transactions, or after you've reconciled your account for your records.
- Select the appropriate option:
- If you've just reconciled a banking account in Quicken and clicked Done, click Yes when Quicken asks if you'd like to print a Reconciliation report.
- If you haven't just reconciled the banking account, open the register you want the report for, and then choose Reports > Banking > Reconciliation.
- In the Reconciliation Report Setup dialog, in the Report Title field, enter a name for the report. (Optional)
- In the Show Reconciliation to Bank Balance as of field, change the date. (Optional)
- In the Transactions to Include area, select the appropriate option.
- Select All Transactions to see detail for every transaction (in addition to summary information).
- Select Summary and Uncleared to see detail for every uncleared transaction (in addition to summary information).
- Select the Show Savings Goal Transactions check box to see savings goal contributions.
- Click Print.
- Select any options you want to use.
- Click OK.
- Select the appropriate option:
- Transaction reportThis report lists transactions from one or more registers. Unlike a summary report, it shows individual transactions. To see a running total of balances, print your register and preview it on-screen. Or, to see just the last month's worth of transactions for payee or category, run a one-click minireport.