duplicating charges?

BobBolt1

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.

NotACPA

For that purchase of the widget, record the expense in a Credit Card account.

THEN, when you pay the card bill, record it as a Transfer from your checking to that card account.

Transfers are neither Income nor Expenses, as Transfers make you neither richer nor poorer.

NotACPA

For that purchase of the widget, record the expense in a Credit Card account.

THEN, when you pay the card bill, record it as a Transfer from your checking to that card account.

Transfers are neither Income nor Expenses, as Transfers make you neither richer nor poorer.