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 14: Making a Loan Payment
You write a check to Bank of Anywhere for $56,345.00 for payment on a loan.
| 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 down arrow in the Payee field. Click Bank of Anywhere. | |||||||||
| Payment: | Click on the Payment field. Type 56345.00. | |||||||||
| Category/Class: | Click Split in the lower right hand corner of the
transaction. Click the down arrow in the Category field on line
1, Click Interest Exp, Type /g (for Gen Farm class). Click the
Amount Column, Type 1345.00, Click Next, Click the down arrow in
the Category field on line 2, Click [BOALoan]. Type /g (for Gen
Farm Class).
Click the Amount field, Type 55000.00 Click OK. |
|||||||||
| Memo: | December loan payment. | |||||||||
| Record: | Click Enter.
**Note** To see how this payment affected the balance in your liability account [BOALoan], Double Click BOALoan under the Property & Debt Section of your Quicken Home Page. This takes you to the register in this liability account. You can see after making this payment your balance is now $0.00.
|
Back | Forward | Table of Contents
All educational programs conducted by Ohio State University Extension are available to clientele on a nondiscriminatory basis without regard to race, color, creed, religion, sexual orientation, national origin, gender, age, disability or Vietnam-era veteran status.
Keith L. Smith, Associate Vice President for Ag. Adm. and Director, OSU Extension.
TDD No. 800-589-8292 (Ohio only) or 614-292-1868
