Computerized Farm Record Keeping with Quicken® 2003

Bulletin 908

Data Entry

The following examples cover common farm business transactions. We start with simple single category transactions and move to more complex multiple category income and expense transactions. You will learn how to enter, edit, void and memorize transactions.

Example 8: Split Transactions using the Calculator

You write a check to Farm Supply of Anywhere for $3498.76 for the following corn inputs:

Bicep	15 gallons	$589.54
18-46-0	5 tons	$984.50
28%	500 gal.	$670.31
Spirit	40 oz.	$471.16
K20	5 tons	$783.25
Total Due		$3,498.76
	3 items are Fertilizer/Corn
	2 items are Chemicals/Corn

Num:	Click on Num field, Click Next Check Num.
Date:	Click the Date field. Use the calendar or +/- keys to set proper date.
Payee:	Click on the Payee field. Click Farm Supply of Anywhere.
Payment:	Click on the Payment field. Type 3498.76.
Category/Class:	Click Split in the lower right hand corner of the transaction. The SPLIT TRANSACTION WINDOW will appear. Click the down arrow in the Category field on line 1, Click Fert & Lime, Type /c (for corn class), Click in the Memo field and Type 18-46-0 5T., 28% 500 Gal., K2O 5T., Click the calculator button in the Amount field, Click 984.50 + 670.31 + 783.25, Click = Enter on the calculator, **Note** The amount in Remainder: is 1060.70. This indicates that 1060.70 of the 3498.76 entered into the payment field needs to be categorized yet. In this example the second line would be Chemicals/Corn for category and 1060.70 in the amount column. Click Next, Click the down arrow in the Category field on line 2, Click Chemicals, Type /c (for corn class), Click in the Memo field and Type Bicep 15 Gal., Spirit 40 Oz., Click the calculator button in the Amount field, Click 589.54 + 471.16 Click Enter on the calculator, Click Next, Click OK.
Record:	Click Enter.

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