Learning About Cash Accounts
When to use Quicken cash accounts
You can record cash transactions in two ways: either in your Quicken checking register, or in a separate Quicken cash account. Both methods let you categorize your cash expenses so are they included in reports, and neither method requires that you account for every penny.
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If you'd like you can set up a Quicken cash account. Otherwise, read the next section to learn how to track your cash expenditures in a Quicken bank account.
Entering cash transactions in a Quicken bank account
To track only a few important cash transactions and treat the rest as miscellaneous expenses or income, you don't need to set up a separate cash account. Instead, enter cash deposits and withdrawals in your Quicken bank account (checking, savings, or money market) as usual.
When you enter a cash withdrawal for miscellaneous expenses in Quicken bank account, assign a catch-all category such as Cash Expense to the transaction.
When you enter an important cash transaction that you'd like to track more specifically , split the transaction and assign a category more specific than Cash Expenses to that transaction. "Important" cash transactions might include tax-related transactions, transactions that involve receiving or spending large amounts, or any other cash transactions you want to track using your Quicken categories.