How to enter a transaction paid by two credit cards

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I'm trying to create a transaction which is paid by two different credit cards. My attempt looked like this:

In account for CARD-A, the transaction splits are
  Item    $100.00
  [CARD-B]  $-40.00

This correctly leaves a balance of $60 charges to CARD-A, but the $40 for [CARD-B] is listed as a payment to the card, not a charge to it.

Is there a way to record this correctly? I am using Quicken 2017 for Windows.

  Thanks

volvogirl

What if you reverse the signs on the split amounts?


Like -100


And +40

Rocket J Squirrel

I would simply create two independent transactions, one in each credit card account, with no transfer.

Jim_Harman

Or record it as two separate transactions, one for the amount paid on each card, with "Remainder paid with Card B" or something similar in the Memos.

[Edit: Sorry, RJ Squirrel beat me to it!]

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James102

Jim_Harman

The more I think about this, the more I think this is a bug.  As Quicken records the transaction in the OP, I am getting a $100 item for $20. Quicken not only does not record the charge to CARD-B, it reverses it into a payment, making me richer by twice the amount charged to CARD-B. This is wrong.

And, no, it does work any better if I leave the minus sign off.

In Q2018 this is recorded correctly, if you really want to do it that way:

Card A has a split, $100 for Jacket or whatever you bought, $-80 transfer to card B

Card B has $80 charge, transfer to card A

I still contend this is the wrong way to enter this, you should make a $20 charge to Card A and $80 to B, with no splits.

Jim_Harman

The more I think about this, the more I think this is a bug.  As Quicken records the transaction in the OP, I am getting a $100 item for $20. Quicken not only does not record the charge to CARD-B, it reverses it into a payment, making me richer by twice the amount charged to CARD-B. This is wrong.

And, no, it does work any better if I leave the minus sign off.

Also when you are done entering or editing the split, remember to hit Enter or click on Save to record the transaction.

splasher

I tested this in QW2016 and it works correctly.  I started off in "Card A" with a $60 transaction categorized as "Clothing", clicked on split, changed the 60 on the top line to 100 which generated a second -40 line which I categorized as [Discover] (Card .  Saved it and the Card B balance went up $40 as expected.

Card A transaction:



Card B transaction:

splasher

I tested this in QW2016 and it works correctly.  I started off in "Card A" with a $60 transaction categorized as "Clothing", clicked on split, changed the 60 on the top line to 100 which generated a second -40 line which I categorized as [Discover] (Card .  Saved it and the Card B balance went up $40 as expected.

Card A transaction:



Card B transaction:

Subsequently tested this in QW2017 and it works in it the same as QW2016.

bmciance

UKR

volvogirl

pls,
could I trouble you to show us the same two images that splasher showed, with the transaction and split detail of Card A and the resulting Card B transaction? Be sure to include the Balance column in the image snapshots.

Yes how is it listed as a payment on card B? Is it in the Payment column or is the Credit card balance going down instead of up?

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