It keeps track of your money for you, so you don’t have to. In the mid-1990s, when banks went online for consumers, they introduced the ability to automatically download your transaction. They had to balance their checkbook against their bank statements each month. Those who even bothered to keep track had to use a paper register.
Every purchase wasn’t automatically listed for you somewhere like it is today. When this software first hit computer store shelves, managing your personal finances was much different. Managing your accounts, from bills paid to quick debit-card transactions, is the foundational function of the Quicken software.