I have been trying to add sub-accounts and cant seem to do this. I have version R57.26

jhrevis

I have been trying to add sub-accounts and cant seem to do this. I have version R57.26

volvogirl

You can’t have sub accounts only sub categories. What are you trying to add?

NotACPA

There's no such thing, in Q, as a sub-account.

volvogirl

I think you might be talking about Savings Goals. I don’t have any links bookmarked for that. Search the forum for that. One note I have says…….Turn on Savings Goals.  Be sure the Planning tab is turned on: View -> Tabs to show -> Planning

SHamilton1000

I use tags in my Bank Account, including for the opening balance, ie Property 1, Property 2, Property 3, Personal. Then, I tag every transaction. To find out my "balances" I run a Banking Transaction report, select "Include all dates" and sub-total by tag. The sub-total of each tag is the "balance" of that sub-account, and the bottom line should equal the ending balance of the Bank Account, which is the only one that gets reconciled. You can see immediately if something hasn't been tagged. I know this can get super long, but I haven't figured out a better way to do it.

volvogirl

You can’t have sub accounts only sub categories. What are you trying to add?

NotACPA

There's no such thing, in Q, as a sub-account.

jhrevis

My Help explained how to do this, but it doesn't work. Trying to have a cash account for designated cash with sub accounts under it. Thanks for your help.

volvogirl

I think you might be talking about Savings Goals. I don’t have any links bookmarked for that. Search the forum for that. One note I have says…….Turn on Savings Goals.  Be sure the Planning tab is turned on: View -> Tabs to show -> Planning

Chris_QPW

As has others have explained Quicken doesn't have any sub accounts what you're talking about seems to be savings goals. Savings goals are basically transferring money in and out of another account and depending on the options you use in the original account you can either show or hide that amount as if it was still in that account.

The only other that Quicken has is the ability to have a virtual checking account for a brokerage account.

Note if this doesn't sound like what you found in help it would help if you could post what you found, maybe a screenshot. You can drag and drop an image on the comment box to attach it

jhrevis

Thanks for all your help!!

jhrevis

Any ideas about having designated cash. I mean a listing of holding accounts for expenditures like Taxes Taxes are paid during the year. Each month a portion goes in holding it and adding it in so that when taxes are due you have the money to pay them. I have several expenditures like this. Kinda like a checking account, but it is just for my records. Money go in and out on a regular basis. Thanks for your knowledge!

jhrevis

Any ideas about having designated cash. I mean a listing of holding accounts for expenditures like Taxes Taxes are paid during the year. Each month a portion goes in holding it and adding it in so that when taxes are due you have the money to pay them. I have several expenditures like this. Kinda like a checking account, but it is just for my records. Money go in and out on a regular basis. Thanks for your knowledge!

Chris_QPW

I suggest that you look at the savings goals and also the budget. The savings goals allow you to hide the money from yourself, and build up a balance in that savings goal account. The budget doesn't hide the money but gives a view of what your future bills like this are going to be. And in the budget you can use rollovers if you view this as saving up a certain amount per month to a certain category. Note that the budget is category based you can filter by accounts but it's not account based. Also note that the budget allows you to use reminders as a way of predicting future expenditures.

Chris_QPW

Note when I say hide it from yourself I mean in the primary account, but still be able to reconcile that account. Savings goals create a special account for storing the savings goal balance. Money is transferred in and out of the savings goal account using a transfer transaction.

jhrevis

Maybe the savings goals is what I need. Thanks again.

Chris_QPW

I will state one thing on the savings goals, I find the view for it cumbersome. You have to use that to set up a savings goal. But after that I would just use transfers for funding or withdrawing from those savings goals. I don't think anything in the help or whatever makes it clear that you can just use transfers.

SHamilton1000

I use tags in my Bank Account, including for the opening balance, ie Property 1, Property 2, Property 3, Personal. Then, I tag every transaction. To find out my "balances" I run a Banking Transaction report, select "Include all dates" and sub-total by tag. The sub-total of each tag is the "balance" of that sub-account, and the bottom line should equal the ending balance of the Bank Account, which is the only one that gets reconciled. You can see immediately if something hasn't been tagged. I know this can get super long, but I haven't figured out a better way to do it.

jhrevis

Thankyou for your info. I will look into it.