How to Set Up a Credit Card Account in Quicken 2013

If you want to track credit card spending and balances with Quicken 2013, you must set up a special credit card account. (In comparison, you use bank accounts to track other things, such as the money that flows into and out of a checking account.)

1

Display the Quicken home page.

You can do this by clicking the Home tab.

2

Click the Add an Account button.

The Add an Account button appears in the lower-left corner, by the way. Quicken displays the Add Account dialog box.

3

Tell Quicken you’re setting up a credit card account.

Click the Credit Card option link. Click Next.

4

Identify the financial institution.

Quicken displays a dialog box that asks for the name of the credit card issuer. The first “identify your financial institution” dialog box lets you enter the issuer name or part of the name into a text box or, alternatively, lets you select your bank from Quicken’s list of popular banks.

After you identify the bank issuing the credit card, Quicken prompts you to provide your online username and password. If you don’t want Quicken to make online connections to your bank, you can click the Advanced Setup link (at bottom of dialog box) to indicate you don’t want to identify your credit card issuer.

When Quicken displays the dialog box that asks whether you want to download transactions or manually enter them, select the I Want to Enter My Transactions Manually option button and click Next.

5

Name the account and then click Next.

When Quicken displays the dialog box that asks you to give a name to the credit card account, move the cursor to the Account Name/Nickname text box and type a name. After you click Next, Quicken displays the Add Account dialog box that lets you provide the account balance on a specific date.

6

Enter the date on which you will start keeping records for the credit card account.

You should probably choose the date of your last statement, like Quicken suggests. Move the cursor to the Statement Ending Date text box and type the date in MM/DD/YYYY format. August 31, 2013, for example, should be entered as 8/31/2013.

7

Enter the balance you owed at the end of the last credit card billing period after making your payment. Then click Next.

Move the cursor to the Statement Ending Balance text box and type the balance value by using the number keys. After you click Next, Quicken displays a message that the account setup is complete. Just click Finish. Quicken finally gets the message and redisplays the Quicken home page.

As you complete the credit card account setup, Quicken may also display a message that urges you to sign up for your credit card company’s online banking services. For now, ignore this. If you later want to sign up, just tell your bank, and it’ll help you get set up.

  • Add a Comment
  • Print
  • Share
blog comments powered by Disqus
Advertisement

Inside Dummies.com