You can create different types of accounts in Quicken 2004. An account in Quicken holds financial information for a corresponding checking, savings, or other account at a bank or financial institution. Most users start out tracking checking and savings accounts in Quicken. You can also add other types of accounts at any time, such as accounts to keep track of your credit cards.
You can create accounts to track assets and liabilities. Assets are things you own, such as a house, a car, or investments. Liabilities are things you owe, such as a mortgage or car loan. You can add numerous types of accounts to a single Quicken data file.
After setting up your accounts, you can begin entering transactions into your account registers. Much like a paper register that comes with your checkbook , a Quicken register is a listing of all the actions pertaining to your account. Understanding how to create and work with accounts is a key part of learning how to use the Quicken program.