asp.net barcode reader control / Recording Bank and Credit Card Transactions in Software

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5 / Recording Bank and Credit Card Transactions
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As shown next, the word Split appears in the Category and Tag fields for the transaction in the account register window:
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Two buttons appear beside the Category field when you activate a transaction with a split:
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The green check mark displays the Split Transaction window so you can review and edit the transaction. The red X clears all lines from the split. Use this option with care it permanently removes all category information from the transaction.
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Tracking Credit Cards with Quicken
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Tracking bank account transactions and balances is just one part of using Quicken. It s also a great tool for tracking credit cards. Knowing how much you owe on your credit cards helps you maintain a clear picture of your financial situation. How you use Quicken to track your credit cards depends on how accurate you want your financial records to be and how much effort you re willing to spend to keep Quicken up-to-date.
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You can use either of two techniques for paying credit card bills and monitoring credit card balances with Quicken:
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Use your checking account register or the Write Checks window to record amounts paid to each credit card company for your credit card bill. Although this does track the amounts you pay, it doesn t track how much you owe or the individual charges. Use a credit card account register to record credit card expenditures and payments. This takes a bit more effort on your part, but it tracks how much you owe and categorizes what you bought.
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In my opinion, it s worth the extra effort to track your credit card expenditures and balances in individual credit card accounts. And if you utilize Quicken s Transaction Download feature for your credit card accounts, as I discuss in 6, it won t take much time or effort to get the job done.
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Quicken 2009 The Official Guide
Recording Strategies
You can also use two strategies for recording transactions in credit card accounts. Choosing the strategy that s right for you makes the job easier to handle.
Enter as You Spend One strategy is to enter transactions as you spend. To do this, you must collect your credit card receipts which might be something you already do. Don t forget to jot down the totals for any telephone and online shopping you do. Then, every day or every few days, sit down with Quicken and enter the transactions. While this strategy requires you to stay on top of things, it offers two main benefits:
Your Quicken credit card registers always indicate what you owe to credit card companies. This prevents unpleasant surprises at month-end or at the checkout counter when you re told you ve reached your limit. It also enables you to use the alerts feature to track credit card balances; I tell you about that in 9. At month-end, you don t have to spend a lot of time entering big batches of transactions. All (or at least most) of them should already be entered.
I ll be the first to admit that I ve never been able to use this strategy. I just don t like holding on to all those pieces of paper. (Of course, since signing up for Transaction Download, all this information is entered automatically for me. You can learn more about Transaction Download in 6.)
Enter When You Pay The other strategy, which you may find better for you, is
to enter transactions when you get your monthly statement. With this strategy, when you open your credit card statement, you ll spend some time sitting in front of your computer with Quicken to enter each transaction. If there aren t many, this isn t a big deal. But it could take some time if there are many transactions to enter. Of course, the main benefit of this strategy is that you don t have to collect credit card receipts and spend time throughout the month entering your transactions. But you still have to enter them! This is the method I use for the one credit card I have that I cannot access online yet.
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