By Manekji Bejanji Pithawalla
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Extra info for An Introduction to Karachi: Its Environs and Hinterland
I explain how to set Quicken Preferences in Appendix B. Quicken Tabs Toggle Show check boxes and select a Start On option to determine which Quicken tabs and menus appear. This makes it possible to simplify the Quicken product if you don’t need to access all of its features. For example, suppose you don’t have any investments. You can turn off the Investing check box to remove the Investing menu and Investing tab from Quicken. The good thing about this is that you can always come back and toggle the check box back on if you need to.
Quicken creates default categories based on check boxes you toggle on in the Customize Quicken snapshot of the Overview subtab (refer to Figure 2-1), but you can add or remove categories as necessary by clicking the New or Add Categories button, or using one of the action buttons for a selected category. This subtab is virtually identical to the Category List window, which I discuss in detail in Chapter 3. Figure 2-3 • The Categories subtab of the Setup tab lists all of the categories in your data file.
Retirement Retirement accounts, which are also displayed in the Investing tab, are for tracking investments in retirement accounts. Quicken distinguishes between two types of retirement accounts. One type includes IRA or Keogh Plan, and the other combines 401(k) or 403(b). Retirement accounts should fall into either of these two broad categories. Asset Asset accounts, which are displayed in the Net Worth tab, are used for tracking items that you own. Quicken distinguishes among three different types of asset accounts: House, Vehicle, and Other Asset.