When you add a new account, Quicken adds it to the Account List (choose Tools menu > Account List). In most cases, you'll want to add all your accounts in the same Quicken data file, so that you can track all your finances in one place.
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We have found the following
This is a list of your accounts that Quicken has detected at your bank or brokerage.
Account Type
You may see various items in this list: Checking, Savings, Credit Card, Brokerage, IRA or Keogh plan, or 401(k). Choose one that best matches the purpose of your real-world account.
Add, Ignore, or Link
Quicken needs to know what you want to do with the accounts it has found. Keep in mind that you don't need to set up all of the accounts it finds; just the ones that you want to track in Quicken.
Choose Add to create a new Quicken account in which to download your transactions. If you are new to Quicken, this is probably the option that you want.
Choose Link to download your transactions into an existing Quicken account. If you have previously set up the account in Quicken, but are not yet downloading transactions into it, this is probably the option you want.
Choose Ignore to disregard one of the accounts that Quicken has found. No account will be created, and transactions for that account will not be downloaded into Quicken.
Nickname (Optional)
Enter the name you want to use to refer to the account in Quicken. This name will appear in reports and the Quicken interface. If you don't enter a nickname, Quicken will use the name provided by your financial institution for the account.
Used mostly for
If you are using Quicken Home, Business & Rental PropertyPersonal, choose the primary use of the account: Personal (which is the default), Business, or Rental Property. Your selection determines where in the Quicken interface (on which tab) the account appears. You can change this from the Account List later if you wish. the account appears. You can change this from the Account List later if you wish.
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What is this account primarily used for?
If you are using Quicken Home, Business & Rental PropertyPersonal, choose the primary use of the account: Personal (which is the default), Business, or Rental Property. Your selection determines where in the Quicken interface (on which tab) the account appears. You can change this from the Account List later if you wish. the account appears. You can change this from the Account List later if you wish.
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If you know the ending date and balance
Enter the appropriate date and balance from your statement, and then click Done.
If you don't know the ending date and balance
Leave the settings as they are (today's date, with a zero balance), and then click Done.
The new account will be added with an opening balance of $0.00, as of today. You can edit the opening balance later.
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