Quicken Deluxe - Is there a way to spread an annual payment over the 12 months?

OneLessThing

Trying to figure out how to spread our annual insurance payment over the 12 months to make each month's expense statement comparable to other month's.

splasher

Not realistically.

The question is why?  You don't pay it monthly, why come up with some scheme that doesn't match real life.

That is what budgets are for, you have higher expenses some months  than you do in others.  You can set the budget in Quicken to reflect those sorts of variances and then compare real life with your budget to see if you are ahead or behind.

I guess you could consult with your insurance company and see if they will do a monthly debit to satisfy this desire, but they are probably going to charge you more.

splasher

Not realistically.

The question is why?  You don't pay it monthly, why come up with some scheme that doesn't match real life.

That is what budgets are for, you have higher expenses some months  than you do in others.  You can set the budget in Quicken to reflect those sorts of variances and then compare real life with your budget to see if you are ahead or behind.

I guess you could consult with your insurance company and see if they will do a monthly debit to satisfy this desire, but they are probably going to charge you more.

OneLessThing

Thank you, splasher, for the reply. I will look into the Budget feature.

volvogirl

You could set up a holding account (prepaid asset?)and make the payment a transfer to it.  Then each month expense it ($/12) to the actual ins category.