Does Mark as Void exist?

Don Awalt

On QWin you can mark a transaction as void. What is the comparable step/action to do under Quicken/Mac? Thanks!

jacobs

There is no such command in Quicken Mac. In the old version of Quicken Mac, there was a Void feature, and all it did was zero the amount and add VOID to the Payee name. Since most users don't have to void many transactions, it's not too problematic to manually make a transaction void -- and do it in a way that's helpful to you. I prefer to leave the Payee unchanged, set the amount to zero, and record "VOID" and a reason in the Memo/Notes field.

jacobs

There is no such command in Quicken Mac. In the old version of Quicken Mac, there was a Void feature, and all it did was zero the amount and add VOID to the Payee name. Since most users don't have to void many transactions, it's not too problematic to manually make a transaction void -- and do it in a way that's helpful to you. I prefer to leave the Payee unchanged, set the amount to zero, and record "VOID" and a reason in the Memo/Notes field.

Don Awalt

Thanks Jacobs, I wanted to make sure I wasn't missing a feature. Thanks!

smayer97

And for reference, here is an FAQ: 
How to VOID a transaction

jacobs

@smayer97 I respectfully disagree with the first step in your Voiding FAQ. Why create a new payee with the name "voidPayee"? If you simply put a note in the memo field with the word void (e.g. "VOID check #123 for $45.67--never cleared"), you can easily search for it in the future by searching for "void". But my way the voided transaction doesn't create a new payee and will therefore show up in a list of transactions if you search for the original payee name, whereas your way there are two separate payees, the regular and the one with the void prefix. 

(Yes, I know Quicken 2007 put "VOID" in front of the Payee name. I never liked that, and see no reason to manually replicate it in modern Quicken.)

smayer97

That's an option... this was created when many were looking for something that looked like QM2007. 

But the FAQ does also suggest putting VOID in the Action field too. I just updated it to also include the memo field. 

jacobs

In Quicken 2007, putting the VOID prefix in front of a payee name didn't create a "memorized" transaction, the way it does in modern Quicken. I see no benefits, but several drawbacks, to creating a new, separate payee when you want to void a payment.

Let's say I write checks to "Bob Smith" and I've voided one. If I do a "quick report" on "Bob Smith", I would want to see the voided check in the list of transactions -- but I wouldn't if I rename the Payee as you're recommending. (And when you edit the Payee name, if you're not watching closely, you can end up renaming all instances of the Payee in your database to the new "voidPayee" name.)

I won't belabor it any more, but I think trying to copy the look of Quicken 2007 in this instance is doing users a disservice. (More so for users coming from Quicken Windows, like the OP here.)