Quicken Community is moving to Single Sign On! Starting 1/22/21, you'll sign in to the community with your Quicken ID. For more information: http://bit.ly/CommunitySSO

duplicating charges?

I have Quicken Deluxe 2019 version R22.12. My question is more of an accounting one. In Quicken, I track credit card expenses and bank transactions.
When my credit card balance is due, I pay it from my checking account. But, as far as tracking expenses, I am duplicating the charges.

For example, I use my credit card to buy a widget for $100. That appears as an expense on my monthly Quicken tracking reports.

Then, when I pay the balance, I again expense $100 from my checking account. So I think that transaction is counting $200 towards my monthly expense tracking although I'm only spending $100. Please advise how to set up Quicken to avoid double expensing.

Best Answer

Answers

This discussion has been closed.