Computerized Farm Record Keeping with Quicken® 2002

Bulletin 897-02

Introduction to Computer Records

Common Terms Used In Quicken

To help understand the rest of this manual, some common terms and their definitions follow.

• File - data file named and used to store various account information of a single person, business or household. Your data file is like a file drawer that contains your financial data.
• Accounts - function much like file folders for your various accounts (checking, savings, liability, etc.) Different accounts let you divide your financial records into separate areas.
• Register - window where transactions are entered into an account. It looks like a checkbook register.
• Transactions - entries into your register. (Transactions may also be referred to as Journal Entries).
• Categories - used to summarize groupings such as Crops Sold. You must assign categories to transactions as you enter them in Quicken.
• Classes (Enterprises) - let you specify where, what or to whom transactions apply, e.g., corn or dairy. Classes complement categories, giving an additional way to see how money is spent, as well as adding another dimension to reports.
• Payees (Vendors) - person or institution to whom the payment is made (or from whom payment is received).
• Menu Bar - menu located at the top of the Quicken screen. Enables you to operate all of the different features of Quicken.
• Quick Tabs - Quicken feature that keeps open the Quicken windows you use most often.
• Toolbar - a row of textual buttons and menus that appears near the top of a Quicken window. (i.e. Main Quicken Window, Register Window, Category & Transfer List Window, Account Window, etc.)