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 10: Recalling a Memorized Transaction - Percentages

You write a check for $100.00 to American Electric Power for an electric bill. You previously memorized this transaction.

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 on the down arrow in the Payee field. Click American Electric Power. The PERCENTAGE SPLIT window appears, Type 100.00, Click OK. **Note** To check if the transaction has been recorded correctly, Click on any field in this transaction, Click Split, you will see that this transaction has been split in the following manner: Utilities: Electric/Gen Farm $75.00 Utilities: Hutilities/Home $25.00 The Kilowatt hours in the Memo fields will need to be adjusted with each bill. Click in the Memo field on line 1 and Type 1200 Kilowatt hours, Click in the Memo field on line 2 and Type 400 Kilowatt hours. Click OK.
Record:	Click Enter. **NOTE** In Example 8 you memorized this transaction with a split of 75% farm use and 25% home use. Therefore, when you recall a memorized transaction memorized as a percentage, Quicken will automatically split future transactions with the same percentages.

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