![]() ![]() With the help of business budgeting software, businesses can forecast likely future expenses, establish more precise and realistic budgets and have a greater chance of achieving ongoing profitability. The long-term survival of a business depends on its ability to establish a budget and operate within its confines. No matter how you want to chop up your financial data, seemingly Quicken offers a way.Financial planning software applications utilize historical data and estimates of future conditions to track a company’s financial progress and compare it to business expectations. To support your budgeting efforts, Quicken also generates a dizzying array of reports and graphs detailing your banking activity, net worth, account balances, spending patterns, and even transactions with tax implications, all of which can be exported to Excel. You can generate all kinds of reports to dive into your financial data. While these home tab sections provide a running at-a-glance look at your finances, you can dive deeper into any one by clicking in it or by selecting it from the clearly labeled tabs at the top of screen. If any categories are over budget, a warning icon appears alongside the overspent amount. Your total budget is then shown is a single bar graph in the bottom third of the home tab indicating what you’re spend and how much you have left. Once it’s complete, you can add or delete budget categories to your liking and change the suggested budget amounts. Quicken scans all your transactions based on your regularly occurring spending categories and produces a budget displayed as a series of bar graphs, each colored green or red to indicate if you’re under or over budget. You can also set up bill and income reminders, which will be listed here by date and amount.įinally, you’re prompted to create a budget. All this information is added to the Stay On Top of Monthly Bills section in the middle third of the Home tab, which displays your projected checking account balance over the next two weeks based on that activity. ![]() Next, you add your bills, either manually or by linking to online accounts, and your scheduled income. ![]() Quicken’s dashboard tracks your spending, bills, and budget in real time. ![]()
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January 2023
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