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How Do I Track Cash in Quicken Simplifi?

Learn how to track your cash in Quicken Simplifi

Natalie avatar
Written by Natalie
Updated this week

Overview

If you use cash for everyday spending, it can be hard to keep track of where that money goes. Because cash doesn’t automatically flow into your connected accounts, it’s easy for your budget or reports to feel incomplete or inaccurate.

Quicken Simplifi helps you stay on top of this by letting you create and manage a cash account. By recording your cash balance and the transactions you make with it, you can keep your spending organized and maintain a clearer picture of your overall finances.

Create a Manual Cash Account

The best way to track your cash in Quicken Simplifi is to create a manual cash account or set it up as a checking account—it's entirely up to you!

  1. On your Dashboard, click on the + New button in the upper right of the Accounts List.

  2. Select Add Manual Account.

  3. Click the Account Type dropdown and select your preferred account type.
    ​Note: There is a cash account option under the Banking category.

  4. Enter the account details such as Account Name, Opening Balance, and Date.

    • Usage Type is only available for Quicken Business and Personal.

  5. Click Continue when finished.

Record a Cash Withdrawal

To record when you withdraw cash from an ATM or bank, you can either:

• Use a Transfer to specify the account from which you’re withdrawing the funds.

Account to Account Transfers (A2A).

Using a 'Transfer' option will keep the transactions neutral, since money is just being moved from one account to another. Please click here for more details.

• Or record a manual transaction using the steps below.

  1. From your Dashboard, select your cash account.

  2. Click the blue plus + New button in the upper right of the Transaction Activity.

  3. In the Amount field, enter the same amount as in the withdrawal transaction, but add a plus (+) in front of it to make it income.

    • Fill out the rest of the fields as desired.

  4. Click Create when done.

Recording cash spent

To record cash spending, create manual transactions in your cash account, just as you would for regular banking transactions. This will clearly show where and how you spent the money.

  1. From your Dashboard, select the cash account from the account list.

  2. Click the +New button in the upper right of the Transaction Activity.

  3. Set the transaction Status as either Pending or Cleared.

  4. In the Amount field, enter the amount of cash spent.

    • Fill out the rest of the fields as desired.

  5. Click Create when done.

As long as you're properly recording everything, the balance of your cash account should always match the actual amount of cash you have on hand.

If you have any questions or need help editing your account details in Quicken Simplifi, please don't hesitate to reach out to our support team!

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