When you add an account to Quicken, your account information is downloaded automatically from your financial institution, and you can update your registers and transaction lists whenever you want.
If you decided not to enable downloads when you added an account, it's not too late; you can activate the account for downloads now.
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Downloading transactions helps you save time and improve your record keeping. You can update your registers and transaction lists from your participating financial institution directly in Quicken, and then compare the financial institution's records to your own. Typically, when a check clears the bank, an investment transaction is posted, or a credit card purchase is processed, you find out about it the next time you go online. Thus you can:
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| At a glance | Detail |
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| See all your finances in one place. | Web banking generally can't provide a complete picture of your finances unless all your accounts are at a single financial institution. Quicken can combine information from all your real-world accounts, so that you can see the total effect on your cash flow and net worth. |
| Use Quicken categories in reports and graphs, and planning tools. | When you assign Quicken categories to your transactions, you get much more information out of your data than just the transaction history and cleared balance that are available from most financial institution websites. Using the reports and graphs, long-term planners, alerts, reminders, and tax features, you can save time and make informed decisions that will affect your financial situation for years to come. |
| Save time. | If your Quicken account appears in the One Step Update dialog, you can download all your account information from several financial institutions at once. |
| Simplify and improve the accuracy of your record keeping. | When you download transactions, Quicken marks them as cleared. This simplifies reconciling an account, whether to your online balance or to a paper statement. |
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| At a glance | Detail |
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| Quicken tracks lots. | Because Quicken records the purchase dates and prices when you download transactions, you don't need to search for old brokerage statements to identify lots and calculate tax liability when you sell. Just tell Quicken which lots to sell—First Shares In, Last Shares In, Minimum Gain, or Maximum Gain. The Capital Gains Estimator can help you estimate which combinations of lots could realize the greatest after-tax yield. And the Capital Gains report can save you hours at tax time. |
| Quicken reports on your entire portfolio. | If you add a Quicken account for each of your real-world investment accounts, you can analyze all your investments together. The Investing tab, Portfolio, Portfolio Analyzer, Security Detail View, and the investment reports give you news, fundamentals, performance, history, and analysis. And perhaps more importantly, you can create a personalized asset allocation target that includes all your accounts together, and then monitor and rebalance as necessary. |