asp.net barcode reader control Contributing Funds to a Savings Goal in Software

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Contributing Funds to a Savings Goal
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To contribute funds to a savings goal, select the savings goal in the Savings Goals window and click the Contribute button on the button bar. The Contribute To Goal dialog, shown here, appears. Select the account from which you want to transfer the money from the drop-down list. The balance of the account appears in the bottom of the dialog. Then enter the amount of the transfer in the Amount box. By default, Quicken suggests the projected monthly contribution amount, but you can enter any amount you like. When you ve finished, click OK. As shown in the next illustration, Quicken creates an entry in the account register of the account from which the money was contributed. It also updates the progress bar and information in the Savings Goals dialog.
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When you create a savings goal, Quicken creates an asset account to record the goal s transactions and balance. To automate contributions to the goal, you
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Quicken 2009 The Official Guide
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can create a scheduled transaction to transfer money periodically from one of your bank accounts to the savings goal asset account. I tell you about scheduled transactions in 7.
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Once you have met your savings goal, you can either withdraw the funds from the savings goal so they appear in a Quicken account or delete the savings goal to put the money back where it came from.
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Withdrawing Money In the Savings Goals window, select the savings goal from
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which you want to withdraw money. Click the Withdraw button on the button bar. The Withdraw From Goal dialog (shown here), which works much like the Contribute To Goal dialog, appears. Use it to remove funds from the savings goal and put them back into the account from which they were contributed.
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Savings Goals window, select the savings goal you want to delete and click the Delete button on the button bar. A dialog appears, asking if you want to keep the savings goal account for your records:
Click Yes to transfer the funds back to the original account(s) and keep the savings goal account. Click No to transfer funds back to the original account(s) and delete the savings goal account.
Part Six
This part of the book explores the features of Quicken Personal Finance Software s Tax tab, which can make tax preparation quicker and easier, enable you to plan for tax time, and even help you save money on your income taxes. Its two chapters are: 19: 20: Simplifying Tax Preparation Planning for Tax Time
Copyright 2009 by The McGraw-Hill Companies. Click here for terms of use.
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19
Simplifying Tax Preparation
In This :
Including tax information in accounts and
categories
Tax reports Online tax tools TurboTax
ax time is no fun. It can force you to spend hours sifting through financial records and filling out complex forms. When you re done with the hard part, you may be rewarded with the knowledge that you can expect a refund. But it is more likely that your reward will be the privilege of writing a check to the federal, state, or local government or worse yet, all three. Fortunately, Quicken Personal Finance Software can help. Its reporting features can save you time. By using the tax tools that are part of Quicken or available on Quicken.com, the next tax season may be a little less stressful. In this chapter, I show you how.
Tax Information in Accounts and Categories
As discussed briefly in 3, Quicken accounts and categories can include information that will help you at tax time. In this section, I explain how you can set tax information in accounts and categories.
Including Tax Information in Accounts
You enter an account s tax information in the Tax Schedule Information dialog for the account. Choose Tools | Account List or press CTRL-A to display the Account List window. Select the
Copyright 2009 by The McGraw-Hill Companies. Click here for terms of use.
Quicken 2009 The Official Guide
name of the account and click the Edit Details button that appears beneath the account name. In the General Information tab of the Account Details dialog that appears, click the Tax Schedule Info button. The Tax Schedule Information dialog, shown here, appears. Use the Transfers In and Transfers Out drop-down lists to map account activity to specific lines on tax return forms and schedules. If the account has taxdeferred or tax-exempt status, be sure to turn on the Tax-Deferred Or TaxExempt Account check box. When you re finished, click OK. Repeat this process for all accounts for which you want to enter tax information.
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