Chapter 5: Getting Started with Accounts, Bills, and Paychecks

Understanding Microsoft Money 2006 accounts

Money allows you to set up accounts for banks, brokerages, and credit cards—as well as for non-monetary items like your house, vehicles, and employee stock options—all in one convenient place, so you can track balances and valued assets easily.

Create a new account

1. Click Banking.
2. Click Add a new account.
3. Choose the account type (as shown in Figure 5-1), and then click Next.
4. Select the name of your bank or brokerage. If your financial institution is not displayed, click My bank or brokerage isn't listed, and then click Next.
5. Depending on the type of account you are setting up, Money will walk you through additional questions to gather information about your account.

Figure 5-1: Selecting an account type during new account setup

	Tip
	If you want Money to have more detailed information for calculating this year's taxes, enter your starting balance for each account from the first of the year and enter all of this year's transactions (deposits, withdrawals, and transfers) for each account. This feature is available if you are setting up accounts in the Advanced Account Register.

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