Credit Card Payments

Joebaby

When I record a purchase it gets added to my expense totals. When I then record a creditcard payment it also gets added to my expense total. this makes my expenses look 2x the amout actually spent.  How do make these entries so this does not happen?

Quicken_Tyka

Hello Joe,

It sounds like you are needing to create a transfer.

Please see: https://www.quicken.com/support/how-do-i-categorize-transfer-quicken-windows

Hope this helps!

GeoffG

A credit card payment should go against the account and not as a category. So as an example you pay from [citibank checking] and pay to [chase credit card]. The [ ] indicate an account in Quicken vs. a category.

NotACPA

A credit card charge should be recorded in a Credit Card account in Q.

THEN, the card payment, which is recorded as a transfer from your checking account to your card account, isn't an Expense.

SO, how are you doing it?

Quicken_Tyka

Hello Joe,

It sounds like you are needing to create a transfer.

Please see: https://www.quicken.com/support/how-do-i-categorize-transfer-quicken-windows

Hope this helps!

GeoffG

A credit card payment should go against the account and not as a category. So as an example you pay from [citibank checking] and pay to [chase credit card]. The [ ] indicate an account in Quicken vs. a category.