What is the best way to Categorize a transaction when it appears in two accounts?

djheberts

Both accounts have Quicken Connect, so the transactions download automatically. I regularly transfer money from one to the other and have been 'categorizing' them as "Transfers" in my primary account. However, the downloaded transaction also appears in the secondary account. Should I categorize the Primary account transaction as "Transfers:[Secondary Account]?

smayer97

When you categorize a transfer as you do, it automatically creates a corresponding linked transactions with "Transfer:[Primary Account]" so there is no further categorization needed.

smayer97

Would it not make more sense to match the downloaded records on each side of the transfer rather than deleting it?

smayer97

When you categorize a transfer as you do, it automatically creates a corresponding linked transactions with "Transfer:[Primary Account]" so there is no further categorization needed.

jacobs

If you get downloads into both accounts, just delete one of the downloaded transactions if you're making the other one a transfer. The transfer records the transaction in both accounts, so you don't need the downloaded half of the incoming funds. 

smayer97

Would it not make more sense to match the downloaded records on each side of the transfer rather than deleting it?

djheberts

I personally think linking them is a better option for me rather than deleting the secondary transaction.... One additional question. I noticed when I categorize one of these transactions at a time, Quicken prompts me that it has found a matching transaction... which is great.... But, it seems that if I try to edit several of these records at once, I don't get the prompt. Does that sounds correct. Kind of a pain to do it one by one.

Thoughts?