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Checklite
Manage your online banking transactions for an unlimited number of banks and accounts. |
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Though the use and concept of Checklite is
straight-forward and easy to grasp, this page has been provided to allow
users (and future users) to understand (in detail) the inner workings of
the system.
In early 1997, three companies (CheckFree, Intuit and Microsoft)
conspired to create the specifications for electronic exchange of
financial data between financial institutions, businesses and consumers
via the Internet - Open Financial Exchange (OFX). Today, OFX
is accelerating the adoption of online financial services by financial
institutions and their customers. The OFX specification is publicly
available for implementation by ANY financial institution or vendor. As of
March 2004, OFX was supported by over 2000 banks and brokerages, as
well as major payroll processing companies. Checklite is designed
to process downloaded banking transaction records from any bank that
provides the file in OFX format.
Nothing is more frustrating than to get behind in paperwork. It always
seems that the last thing on everybody's list is taking care of their
personal finances. Checklite is designed for people who want to
keep track of their spending, and not waste a ton of time doing so.
The banking industry is doing an excellent job moving their customer
support to the internet. Banks of all sizes across the country are now
providing their customers with many online services, including online
payments, balance lookup, account transfers, as well as activity
downloading.
Checklite is designed specifically to take advantage of your bank's
download offering. Most banks keep the last 30-45 days of customer account
activity in a special 'download' file. That means, any of their banking
customers (who have signed up for online service) can safely and securely
download all of their account activity (withdrawals, deposits, auto
payments, service charges, etc) from the bank's computer to their
customer's. (Thereby getting up-to-date information instantly, rather than
weeks later in a mailed bank statement.)
Once the information is in your computer, you can immediately use
Checklite to print your newly received account(s) activity. Simple and
fast.
Features of Checklite
- Easy updating of withdrawals &
deposits
- Built-in optional web 'browser'
- Importing function uses international
'OFX' format
- Easy distribution of withdrawals &
deposits to user defined categories
- Up to 5 categories for each
transaction
- Withdrawal & deposit descriptions
modifiable
- Allows manual entry of unprocessed
transactions
- Easy to balance to your bank statement
- Set up monthly or annual category
budgets
- Prints reconciliation worksheets
- Prints end-of-year (or multi-year)
taxable transaction reports
- Handles unlimited number of bank
accounts from unlimited number of banks
- On-Demand archive to history file
- Unlimited number of
withdrawals/deposits in history file
- Prints pie or bar graphs of top
spending categories for selected date range
- Prints bar graphs of monthly
withdrawal totals
- Print budget summary or detail reports
- All reports can be printed for single
bank account OR multiple (consolidated)
- Includes On-Demand Help system
- Includes special 'Flash' self-running
'Tours' describing usage and features
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