Moving up from 2014 version
Hi there, I'm finally moving up from my 2014 version of Quicken Accounts. I have a big question that I need help and/or a workaround.
I run some of my bank accounts with sub-accounts. So the big question is, how do I do this?
For example
Savings
Savings: House Insurance
Savings: Mobile Phone
Savings: Internet
Now some of these are monthly bills, some are quarterly, some are yearly, and a few are saved up over a few years. It's like the old method of tucking money into envelopes to save up for bills. I just do it with bank accounts. The Bank sees one account with $x000.00 in it, but my system sees all the little sub-envelopes with little amounts of money in them telling me how I'm doing with meeting these liabilities.
Is there a way to do this, or does anyone have a good idea on how to work around it without having to get a dozen separate accounts with the actual bank?
Many thanks
Kim
Comments
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Hi Kim,
Thank you for posting your question in Reckon Community.
Firstly, you can create a main bank account named "Savings" from Chart of Accounts in Reckon Accounts Business software.
After that, you can continue to create sub-accounts of the main bank account "Savings". Please find the following screenshot as an example. A sub-account named "Savings - Internet" can be created.
Please let me know if you have any further questions. Thank you.
Kind Regards,
Bin Liang
Senior Technical Support Representative
Professional Services Group
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Thanks Bin
Is this the software that you have to pay a yearly license subscription fee? Or the online Reckon One? I ask because that looks exactly like I am looking for and have in the 2014 version. Unfortunately, I can't afford the yearly license thing and am having to use the Reckon One (Trial).
Is there a way to do this in the Reckon One or is it only a thing in one of the fully licensed versions?
Would I be better with Reckon Accounts Personal Plus or Home and Business?
Many thanks
Kim
PS: I'm on a very small fixed income and am looking for the easiest and cheapest way to achieve this.
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Hi Kim,
Thank you for your reply.
The procedures that I provided were from Reckon Accounts Business software. However, if you would like to use Reckon One. I think you can achieve this as well. Please find the following procedures for Reckon One.
In Reckon One, please go to "Chart of accounts" and then you can set up a main account and its sub-accounts. Please click on the green button "Add" to create these accounts.
Please create the main account first. After that, you can create a sub-account by clicking on the drop-down menu of "Sub account of".
Kind Regards,
Bin Liang
Senior Technical Support Representative
Professional Services Group
0
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