Online Quicken Class

Registration for the May session is open. Information for new courses and available courses is provided here: http://lvsonline.com/blog/2009/04/new-courses-at-lvs-online-classes/

While you’re in any field that you can enter an amount in, press an arithmetic-operator key (+, -, *, /, or =) to open the QuickMath paper tape. Enter the numbers you want to calculate, pressing an operator key between each number. When you’ve entered all your numbers, click on the Total button at the bottom of the paper tape (or press enter). Quicken does the calculation and places the result into the field.

Lifehacker.com

Take my Expression Web, Quicken Basics or CoffeeCup Software class and take 10% off

Coupon Code:  MARCH09DS

Coupon expires March 11, 2009

The March session classrooms open March 9, 2009.
The March session registration will end on March 11, 2009
The first lesson for the March session will post on March 14, 2009
http://www.lvsassociates.com/register/

Check out my other classes:

Expression Web

CoffeeCup Software

You can enter any type of loan scenario and Quicken tells you how much your payments are going to be, how long it is going to take you to pay off a loan, and how much interest you are going to pay. You can print out an amortization schedule showing the detail of all of your payments. This is a wonderful tool and it’s really easy to use.

Here’s how the loan calculator works:

1. Go to the Planning menu and choose Financial Calculator/Loan Calculator. The Loan Calculator opens.
2. Decide if you want Quicken to tell you how much you can afford to borrow (Loan Amount) or how much your payments will be (Payment Per Period). Click the appropriate option in the Calculate For area of the Loan Calculator window.

   

3. Fill in the blanks, entering the amount you want to borrow, the interest rate, the number of years and number of payments per year, and how interest is to be compounded. Click the Calculate button to have Quicken recalculate the loan when you make a change in one of the fields. Actually, all you have to do is make your change, and click in any other field, and Quicken automatically recalculates the loan information.

   

4. View the details of your loan by clicking on the Schedule button. A payment schedule appears, displaying the breakdown of the payments you would make to pay back this hypothetical loan.
5. When the payment schedule is displayed, click Print in the top-left corner of the schedule to print a paper copy of the required payments. Quicken’s little payment schedule doesn’t include totals. But it’s an easy task to determine how much the total interest burden is going to be on the loan. For this example, Quicken already told us we’re to pay back $122.06 per month for 48 months. Multiply that payback amount by 48 and you get $5,858.88. Subtract the principal, $5,000, and you’re left with $858.88. That’s how much interest you’ll pay on this particular loan.

   

6. Now, switch the scenario. Enter a monthly payment of $200 per month for four years, and 8 percent interest. The calculated amount you can borrow is $8,192.38.

The Loan Calculator works both ways. Not only can you use this tool to help figure out your own borrowing needs, but you can also use the calculator to determine the correct payback amount if you’re contemplating loaning money to someone else. You can then print the payment schedule so your borrower has the detail supporting all of the payments.

Thanks to Quicken for Dummies

If you want to track credit card spending and balances with Quicken 2006, you must set up a special credit card account. (In comparison, you use bank accounts to track other things, such as the money that flows into and out of a checking account.)

To set up a credit card account, you follow roughly the same steps as you do to set up a bank account. Here’s what you do:

1. Choose Tools –> Account List.

Quicken displays the Account List window.

2. Click the Add Account button.

Quicken displays the Quicken Account Setup dialog box, which you’ve probably seen about a thousand times before. As you may remember, what you need to do is enter the name of the credit card company into the text box that asks you for the name of your financial institution, at which point Quicken asks you to select the financial institution from its list — or to just use the name you entered. You click Next again to display the next Quicken Account Setup dialog box.

3. Tell Quicken you’re setting up a credit card account.

Select the Credit Card option button when Quicken asks what type of account you want to set up. Then, click Next to display the fourth Quicken Account Setup dialog box.

4. Name the account; then click Next.

Why not? Move the cursor to the Name This Account text box and type a name. After you click Next, Quicken displays the fifth Quicken Account Setup dialog box.

5. Enter the date on which you will start keeping records for the credit card account.

You should probably choose the date of your last statement, as Quicken suggests. Move the cursor to the Statement Date text box and type the date in MM/DD/YYYY format. June 13, 2006, for example, should be entered as 6/13/2006.

6. Enter the balance you owed at the end of the last credit card billing period after making your payment. Then click Next.

Move the cursor to the Ending Balance text box and type the balance value by using the number keys. After you click Next, Quicken displays the sixth Quicken Account setup dialog box.

7. [Optional] Type in the amount of your credit limit.

If you want, indicate the amount of your credit card limit by moving the cursor to the Credit Limit, If Applicable text box and then typing whatever number the credit card company has arbitrarily decided is a reasonable balance for you to shoulder.

8. Click Done.

Quicken may display a message that urges you to sign up for your credit card company’s online banking services. For now, ignore this. (If you later want to sign up, just tell your bank, and it’ll help you get all set up.) Just click Done again. Quicken finally gets the message and displays the new account’s register.

(with thanks to the quicken for dummies website)

Quicken has the ability to keep track of all of your loans — not just how much you owe, but how much you pay each month, how much of that payment is interest, and how much of that payment reduces the amount you owe.

To set up an existing loan or a new loan in Quicken, follow these steps:

1. Enlarge | Click on Property & Debt Center on your Account Bar, and then click Add Loan. A Loan Setup wizard pops up onscreen.
2. With the EasyStep tab selected, click Next to open the Loan Setup wizard. Quicken asks questions about your loan. If you don’t have the loan documentation at your fingertips, you change your information later.
3. Indicate if you are borrowing money or lending money, and click Next. Quicken sets up loan accounts and classifies them as a receivable or payable. For this example you’re borrowing money.
4. Give this loan a name and click Next. Think of something meaningful, such as Auto Loan or Mortgage or Loan to Sister.
5. Let Quicken know if you’ve already made payments on this loan and then click Next again. If you coordinate starting a loan with setting up Quicken, the setup process is a bit less messy. If you already had a loan when you decided to set the loan up in Quicken, you enter information like how much you’ve already paid on the loan so that Quicken can keep up with you from now until the payoff day.
6. Enter the starting date of the loan and the original amount you borrowed, and click Next. Enter the starting date, or a close approximation of when you borrowed the money and then enter the initial amount of the loan.
7. Answer the Balloon Payment question, and then click Next. Often balloon loans are structured so that you pay only interest for your monthly loan payments, and then pay the entire principal at the end of the loan.
8. Enter the length of the loan. Your options here are years, months, weeks, and payments. Use payments if your loan is based on the number of payments you’re going to make.
9. Enter the payment period. Even if you plan to make extra payments, enter the frequency that the lender expects for your payments.
10. Enter the compounding period. Your loan document should specify the compounding period, and your lender should certainly be able to tell you.
11. Enter the current balance of the loan. If you know the current balance of your loan, answer Yes and then enter the balance as of today’s date. If you don’t enter the balance, Quicken does the calculations and tells you what your balance is within a few pennies.
12. Enter the date of your next payment and the amount. Enter the date your next payment is due, even if that is not when you actually plan to make the payment.
13. Enter your interest rate. The loan papers or your lender can tell you what rate of interest you are paying on this loan.
14. Review the summary and click Done when you are finished. Clicking Next after you enter your interest rate takes you to the Summary tab, where you can review all of the information you just entered. Click Next a couple of times to get through the summary screens. Make any changes that might be necessary if you entered information incorrectly, and then click Done to save your loan information.

Want to take this class for a 20% discount? You’re reading this correctly. If you’re a NEW student (new to LVS) and want to take the Quicken Basics class this session, just enter the code JAN09 when you register and you’ll get 20% off the price of the class.

So…what are you waiting for? Go register

Don’t forget to sign up for the new session and don’t miss this opportunity to gain valuable knowledge about working with the Quicken program. It’s a wonderful program with lots of ins and outs. This is your opportunity to learn how to use this program to maximize it.

Learn more by clicking on this link

Tell all your friends. Take the class together so you can “group study” and learn even more. Check this blog for links to new information about the program.

What are you waiting for? Sign up now

This contest is open to all students and ends January 7, 2009.

3 WAYS TO BE ENTERED INTO THE CONTEST DRAWING!

1. Create an item for download from the LVS Library http://students.lvsonline.com/ – examples: PSP Picture Tube, PSP Picture Frame, PSP Brush, Photoshop Brush, Photoshop Preset. Submit as many you’d like to contest@lvsonline.com

Images submitted remain the property of the owner. Any Copyright violations remain the sole responsibility of the person who submitted the image(s).

When submitting images, please include your First and Last name. Submission of an item signifies your permission for LVS to offer it for download on the Student Library site: http://students.lvsonline.com/. If you wish, at any point to have your image(s) removed, it is up to you to e-mail us with that request. Please allow sufficient time for the removal of the requested image.

LVS will remove any image where claims of Copyright violation have been made by another party.

2. If you have a website or blog, create a link back to LVS Online. You may use one of the images here: http://www.lvsonline.com/logos.shtml or create your own image or a text link. You must email us with the URL of the web page that contains the link back. (one page per web site only please) Submit link to contest@lvsonline.com

3. Write a review about LVS on our Google Local Business page. Just follow this URL http://tinyurl.com/5tdeo2 and click on the Review link. NOTE: If you don’t have a Google account, you will need to create one to sign in.

For each graphic, link back, and review you submit you will be entered into a drawing.

Final prizes will be announced Dec. 10 but they will include:
Corel KPT
Corel Knockout 2
Corel Paint Shop Pro Photo X2
LVS Hosting Starter Account (includes domain name)
Free LVS Class