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The ERO includes its own reporting feature, which makes it easy to generate reports for a variety of purposes based on the information you entered. You can give printed reports to people who may need them and lock others up in a secure place for when you need them.
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Quicken 2009 The Official Guide
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Click the Report tab on the ERO window to display the report options (see Figure 14-4). You can select a report from the drop-down list at the top of the window and preview it in the area below. Then click the Print button on the button bar to print the currently selected report. It s as simple as that. Here s a quick list of the reports so you know what s available:
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Emergency Report (shown in Figure 14-4) is to give to someone in case of a family emergency. Caretaker Report is for someone taking care of your home or pet while you are away. Survivor s Report is for your lawyer or heirs in the event of your death. Summary Of Records Entered Report lists the areas, topics, and record names you ve entered in the ERO. It does not provide any detailed information. Detail Report lists everything you ve entered into the ERO. As the name implies, it provides detail and can be used as a kind of master list.
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Figure 14-4 The Report tab of the ERO window enables you to select predefined reports to view onscreen or print.
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Keeping Tabs on Your Net Worth
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The Net Worth tab Property & Debt alerts Asset and debt account details Reports and graphs
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hen you create asset and debt accounts and enter related transactions into Quicken, as discussed in the previous two chapters, Quicken summarizes your entries and calculates balances. It displays this information in a number of places: the account panel, the Net Worth tabs, account registers and overviews, and reports and graphs. You can consult Quicken s calculated balances and totals at any time to learn about your equity and the expenses associated with your debt and automobile. In this chapter, I explain how to use Quicken s reporting features to keep tabs on your net worth. As you ll learn in these pages, a wealth of information about your net worth is just a mouse click away.
The Net Worth Tabs
Asset and debt accounts are part of Quicken s Net Worth tab. You can open the Net Worth tab by clicking its tab near the top of Quicken s main window or by choosing Net Worth | Go To Net Worth. The Net Worth tab has two subtabs of information about your net worth. The Net Worth subtab (refer to Figure 15-1) displays graphs representing your net worth in a variety of ways, as well as a year-by-year look at your net worth. The Summary tab (refer to Figure 15-2) displays tables of numerical information
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Quicken 2009 The Official Guide
Figure 15-1 The Net Worth subtab displays graphs and a table representing various components of your net worth.
15 / Keeping Tabs on Your Net Worth
Figure 15-2 The Summary subtab summarizes Net Worth account information in snapshots.
Quicken 2009 The Official Guide
about your net worth accounts. Together, these two subtabs paint a picture of your overall financial situation. This part of the chapter takes a closer look at the snapshots in the Net Worth tabs, so you know what you can find there and how you can customize it for your own use.
Net Worth
The Net Worth snapshot (Figure 15-1) uses a stacked column graph to indicate your net worth for the past 13 months. The green bar represents your assets, the blue bar represents your debt, and the dark red line represents the net of these two amounts. If you re looking for a trend, ideally, the green bars should get taller while the blue bars get shorter. The net effect would be a rise in the dark red line. If the dark red line is below the 0 baseline, you re in some serious financial trouble because your debts exceed your assets. Keep in mind that this graph represents all of your accounts in Quicken including your banking and investment accounts. It s a true view of your net worth trend for the past year. The Options menu and buttons within the snapshot window enable you to view a full-screen version of the graph, a Net Worth report, or the Account List window.
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