How to add a share expense with another person?

I would like to add a monthly bill (say rent or car payment) that I share with someone else.  For record keeping purposes, I'd like to know the total bill, but how to I only show my portion on my checking account tab?

Comments

  • Steven Vagnozzi
    Steven Vagnozzi Member ✭✭
    edited December 2018
    I would create a pseudo account for the other person and split the transaction between your checking account and the pseudo account.
  • Connie Brown
    Connie Brown Windows Beta Beta
    edited May 2020

    I would create a pseudo account for the other person and split the transaction between your checking account and the pseudo account.

    Good idea. I would do the same.
  • Sherlock
    Sherlock Quicken Windows Subscription Member ✭✭✭✭
    edited December 2018
    There are a few ways you can handle a shared expense.  Using a split transaction, you may use an entry to reflect the portion paid by someone else.  Let's say rent is $1000 and you're only paying $600.  In the split transaction, there would be an entry of $1000 for rent and an entry reflecting a reduction $400 paid by someone else for a total of $600.  You can use a distinct category for the reimbursement or rely on a memo or a tag for reports. 
  • Unknown
    Unknown Member
    edited December 2018
    Thank you for your help!  I like the idea of the Pseudo Account.  I was thinking about that as well... but didn't know if there was a better way
  • SimonSezSo
    SimonSezSo Quicken Windows Subscription Member ✭✭
    edited December 2018
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