How to Create a New Account in Quicken 2008

Intuit’s best-selling personal finance software, Quicken 2008, allows consumers to keep track of all of their financial information in one place. With automatic updates via the web, consumers can instantly see where they stand financially at any given point in time. When a user first installs Quicken, they will be prompted to walk through the setup and customization portion. Afterwards, consumers may find that they would like to add a new account. Read on to learn how to create a new account in Quicken 2008 after the initial setup.

Difficulty: Moderate

Instructions

Things You'll Need:

• Quicken 2008
• Account Information

1. Launch Quicken 2008 and then select Tools and then Account List. Alternately, you can press the CTRL and A keys on your keyboard to bring the Account List screen up.

2. Click on Add Account in the upper right-hand side of the Account List screen.

3. Enter the name of the financial institution where the account is held. If the account is a personal loan, select the option stating that the account is not held at a financial institution. Click Next after making your selection.

4. Select the specific financial institution from the pop-up menu if it appears. Not all financial institutions will require a more specific choice so the pop-up menu will not appear. If it does appear, select the appropriate institution and then click on OK to continue.

5. Choose whether you would like to electronically connect to your financial institution to update your account. Not all financial institutions support this feature. Quicken will prompt you for your login and password information if your bank has electronic banking. If it does not, you will need to manually enter the information.

6. Follow the prompts to update your account if you select Yes in step five. Quicken will prompt you for all of the necessary information. Click Next after entering your login information. Quicken will then attempt to contact the bank. After successful connection, your account information will be downloaded.

7. If your bank is not listed in the menu options from step three, you will be prompted to enter the type of account. After selecting the type of account, click on Next to continue.

8. Enter a name for the account and then click Next. Enter your statement date and ending balance if you have this information. If you do not, contact your financial information to obtain your current balance as this will become the starting balance for your Quicken account.

9. Click Done. You will now have your new account listed in the Quicken Account list.

Tips & Warnings

• If you are unable to connect to your financial institution through Quicken, log on to the bank’s site directly. Many banks offer consumers the option to download an electronic statement that can then be imported into Quicken.

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