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I created a loan account. In the transaction, the balance is shown italicized and gray, not red. Why

Craig Bagley

I created a loan account. In the transaction, the balance is shown italicized and gray, not red as in every other account with a negative balance. Why? (See screenshot.)

Screen Shot 2020-06-02 at 9.26.38 AM.png

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UKR

Hmmm ... as a Quicken for Windows user I'd say that your Opening Balance transaction is missing. Q Win usually creates an Opening Balance transaction when you create a new account register, even if the opening amount is 0.00.

Let's see if a Q Mac expert chimes in here with a better explanation ...

NotACPA

Your opening balance in this loan account should be a POSITIVE number and in the INCREASE column ... showing that the amount of debt is increasing.

THEN, the payments should show in the Decrease column. See attached graphic.

Image: https://us.v-cdn.net/6031128/uploads/editor/jg/vyz99tfo0uar.png

And note that for some reason, your payment is backwards also.

Craig Bagley

Thanks to both of you for weighing in.

I have no payments yet, just an initial opening balance. Nor do I use online banking. The bank deposited the loan proceeds into my checking account, so I created the loan account, then used a Transfer transaction to show the initial opening balance. I found the usual method for opening a new register for loans rather convoluted in this version of Quicken, but discovered a workaround to produce the transaction. The numbers are correct. It's just odd that the style/color of the number is not what I'd expect in a liability account.

NotACPA

It MIGHT be a QMac thing ... but we need to wait for one of the QMac SuperUsers to chime in. UKR and I are both QWin users ... and it looks odd from our perspective also.