Quicken 2004 Cashbooks

Thanks. Im rushing to a meeting at 11 so I'll call after that.

going to gun club at 11.30am SA time...back on deck later this arvo around 5.30pm....

Gun Club, GUN CLUB!!!!!!!!!
You own a gun AND a 4wd, Damn your a mean man Nudie!!!!!!

What next I wonder? maybe a bull bar to go on the front of your Big Mean 4by. LOL.

got a bull bar....next is another new toy......a 7m08
i aint mean...you dont get a firearms licence if you are

I have 14 different accounts and 2 of them are to do with the home loan. One is a liability account which is a line of credit.

Many of the accounts just exist to get an accurate net worth in the balance report.

The ONE liability account is the line of credit and that's the second most active one. We transact about 30 times in it not including interest and wages going straight in bi monthly. It's important to track it cause I couldn't sleep at night knowing it was up to a year out of reconcile.

The credit card is easy peasy even though it has maybe 70 transactions. It just reconciles.

Im thinking I might have to change the L.O.C. Mortgage to a Credit Card account. That might work but will it effect any reports later?

There you go Nick.

It can't be done.

You CANNOT recincile a liability account anyway.

The only way to do it is the way you are doing it already, which is a balance adjustment from time to time.

SO Says The Quicken Experts In Melbourne. Calculation.

I have to create another credit card account and CALL it the mortgage and then make sure all my scheduled transactions are pointing to the new account and then when Im sure I've done that, delete the liability account. Mate I'll be sure to make backups along the way. lolol

With so many lines of credit around you'd think they have it covered by now eh?

Another thing. The bloke at Quicken said very few mum and dad customers like me EVER EVER reconcile their accounts.

Why buy the software in the first place?

Thanks to all who helped or were just wondering what the heck I asked for here in the first place.

It takes money to travel.

The more control over your money, the more control over your travel.

Just ask the Leyland Brothers. lololollool

of course it can be done...never say never
i have down loaded the trial version....
let me know the details thru member message and i will work it out....

How have you set this up....
have you used an opening balance of 300g's ( or something like that) that the bank has given a loan for your house...
you deposit all your wages etc into this account and draw down from it running expenses to run the house eg groceries fuel etc etc

It can be done as a liabilty in quickbooks so i guess it should be able to be done in Cashbooks...screens look a lot different..i was hoping they each programme looked similar..just adds to the fun!...or heartache

That's a fair call.

It's just that I am familiar with Quicken and I just paid $200 for tuition and a $150 upgrade.

I probably still would of done it knowing what I know now aout the liability accounts not being able to balance easily.

A stick in the mud, maybe?

I just would have set it up with the mortgage as a credit card.

Im commited now so I guess I will continue along the way.

It's the first time I have ever known that it should be better BUT have just gone along for the ride as it is.

I can't lose money here. I just want to track it.

Im trying to be responsable about it, within my means.

MYOB is sheit for user-friendliness....But its robust for managing business accounts...i dont think you need it (MYOB) for home office expenses

Quickbooks is easier to use, has better (easier) reporting...and has excellent jobcosting compared to MYOB

in the country there are accountants/towns who use Quickbooks and MYOB ones and they recommend to their clients the ones they are accustomed to. Fortunately going back a couple of years the Quickbooks accountants clients were the ones that got their accounts to balance..........

Fortunately the Warrnambool accounts are Quickbooks ones, but now we have to fork out for the new version to allow the new tax scales to work.

John.
i dont follow...gst hasnt changed, or are you talking about versions of quickbooks pre GST.

(dont confuse quickbooks with quicken payroll 2002. quicken payroll tax scales can be changed)

in other words...What new Tax scales

Nudie, we have QuickBooksPro 2004 which does the payroll too and the new tax rates apply from July 1st 2005 assuming they are passed through the senate before Kim loses his power, with his hand in the Green and Democrat glove puppets.

Unfortunately we had to deal with GST and accrual systems all at the one time as well as learning QuickBooks, quite a step up from Quicken on cash accounting. A big learning curve and am glad I had "some" knowledge in the corporate area........

Me too cmilton - my quickbooks got used as a Frisbee then a "bird scarer" - CDs are quite good for the latter if you hang them in the fruit trees. Not worth the frustration the quickbooks caused me in the two years i persevered with it.

Ah yeah, the latest versions of quicken have their own payroll which is not as friendly as the previous version which also had such as ia have, 'Quicken Payroll 2002' but which was actually written forthem by Elite payroll.

With payroll 2002 one can actually enetr the Tax formulae themselves to bring them uptodate complying with the new Tax scales which are starting yes starting july 2005

As your now on quickbooks some good info here