Tracking multiple account balances in one bank account

Jul 02, 2005 1 Replies

I'd like to be able to track the balances in multiple accounts but physically keep all the money in the same bank account.



In othe words, I want to set aside money to pay for annual expenses (like an escrow) and I would like to set aside money just for regular savings and more money for college savings. I'd like keep track of the balances for each of these accounts separately. However, I'd like to keep all the money in a single bank account in order to take advantage of the increased interest rates many banks offer when you maintain higher balances.



Any suggestions on how I can set these accounts up so that I can do this?



Thanks Ken


I believe Savings Goals might work for you here. IIRC, you can have more than one goal per account, or multiple accounts per goal. But I could be wrong. Check out Savings Goals under the Planning menu. That is, if you're using QP2005. Don't know about the other versions.

Regards,

Margaret

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