1.   Except for WealthBuilder, the basic building block of these programs is an electronic check register.

2.   It knows where to send the payment and records it in the check register.

3.   Note the source of the income in your check register.

4.   The check register then becomes a ready-made record of your purchases and expenses.

5.   To keep track of where that money goes, I have to maintain a separate paper check register and feed the computer the payee information later.