What do the Account names mean?

Question

I don't understand the difference between the various Accounts in the Register's top left col. in Check Resister view:

* All Transactions
* Banking
* Cash
* (My bank account no.)
* (Name of my bank) followed by XO### - added in call to Quicken Support
* Credit Card
* Name of my credit card account
* Co

Please clarify the difference.         Thank you, Tom

jacobs · Answer

@Gotom As I've said above, a debit card is not typically a separate account. A debit card allows you to charge expenses to your checking account. When you look at your checking account statement, on paper or on your bank's website, do you have a single checking account? Do the transactions in that account represent checks and deposits as well as charges made with your debit card? If so, then you should have a single account in Quicken which exactly mirrors your real-world acocunt at the bank.

Gotom · Answer

(Name of my bank) followed by XO###

I'm guessing this is my Debit card account. Should I cleanse it of other Transactions?

Thank you, Tom

jacobs · Answer

@Jon I'm a little surprised that your bank accounts are listed under Cash, I would have expected them to be under either Checking or Savings.

There is no "Checking" sub-group under Banking; checking accounts appear under the "Cash" sub-group. I've never understood why checking accounts are lumped under "Cash" but savings accounts get their own "Savings" sub-group — but that's the way it's been since the modern Quicken Mac began.