Home

Friday is the end of the month, so I do the record keeping. That means
downloading the transactions from all the accounts – checking,
savings, visa, brokerage – into Quicken. All but one can be done
electronically. Some start from the bank site and select download.
Others can be “Updated” from Quicken so Quicken logs into the bank as
me, and downloads the new transactions. Same result, different
process.

There is a bit of work to review every transaction and make sure that
it is allocated to one of the expense or income accounts in Quicken.
The first time is tedious, but after that, Quicken remembers that
Safeway transactions are Food expense.

I pay most bills online. They are easier to include in the electronic
updates. We almost never write checks any more.
.

Advertisements
Posted in: moneyComments Off on Money work – month end record keeping