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This should be obvious, but how do I enter a cash transaction?

sspoerry
Member ✭
This should be obvious, but how do I enter a cash transaction?
0
Best Answer
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You have to create a register account dedicated to cash, representing whereever you hold your cash. You can create multiple ones to represent each place if you have more than one place, thought typically one should suffice.
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(Canadianuser since '92, STILL using QM2007)
5
Answers
-
You have to create a register account dedicated to cash, representing whereever you hold your cash. You can create multiple ones to represent each place if you have more than one place, thought typically one should suffice.
Have Questions? Check out these FAQs (links now fixed):- Where to find a Help Guide for Quicken for Mac?
- Quicken Mac FAQ list
- Quicken Windows FAQ list
- Help Guide and FAQs for Quicken Mobile
Object to Quicken's business model, using up 25% of your screen? Add your vote here:
Quicken should eliminate the LARGE Ad space when a subscription expires
(Canadianuser since '92, STILL using QM2007)
5 -
I have two cash accounts, one for me and one for my wife. When we spend cash, I enter a transaction in the appropriate account, which allows me to apply a Category to the expense. (It's the same as you'd do if you wrote a check from your checking account, of made a purchase on a credit card.)
Once you create a cash account, you'll also want to record cash withdrawals from your bank account as a Transfer into the cash account. Then you can reconcile your cash account by counting your cash on hand at any given times and adding an adjustment transaction for any cash you've spent but not recorded in Quicken.
Quicken Mac Subscription • Quicken user since 19930
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