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Quicken Classic for Windows
Paying Bills, Online Billers & Reminders (Windows)
Entering a credit in a split transaction
sheltiemom
I have been a Quicken user since 1994 so bear with me. When I write checks to pay bills, I use the split feature to list and categorize the items. Works for me. So, each line is a negative number (technically) coming out of the bank balance. How do I enter a credit, such as when I return an item. or I get a credit for a reversed charge on a utility bill? I used to enter +32.95 but I can't seem to do that any longer. :#
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Accepted answers
NotACPA
When you're writing that check for groceries, put in the total amount of the check 1st ... on the "main" transaction.
THEN, each split line with be a positive number (but still an expense, since the overall transaction is an expense).
When you're getting a refund/rebate/etc, use a negative sign before the amount to indicate that it's the opposite of the other lines.
All comments
NotACPA
When you're writing that check for groceries, put in the total amount of the check 1st ... on the "main" transaction.
THEN, each split line with be a positive number (but still an expense, since the overall transaction is an expense).
When you're getting a refund/rebate/etc, use a negative sign before the amount to indicate that it's the opposite of the other lines.
sheltiemom
From :# to :D Thanks, Not a CPA! Do you play one on TV, though?
NotACPA
My ID here is meant to be a joke. As shown in my signature lines, I'm a retired "Certified Information Systems Auditor".
A CPA doesn't need to understand the computer (and most don't) and I don't need to understand the "timing and recognition of income and expenses" (Accrual accounting).
FORTUNATELY, Q works on "cash basis accounting", so I get along just fine.
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