How do I include portions of a past expense into future budgets?
doodles
Quicken Windows Subscription Member ✭✭
I had some pretty large charges this month. Is it possible to incorporate bits of it into future budgets as if I'm 'paying it off'? For example, if I had a charge for $1000, is it possible to reduce the budget for the following 10 months by $100 until the software sees that the $1000 is 'payed off'?
Tagged:
0
Best Answer
-
I've found that after I got a deluxe account, using savings goals is a good way to keep track of it0
Answers
-
there is no automatic way to do it. In accounting terms you need to set up a prepaid expense account (asset) and charge it off monthly until it is reduced to zero. In Quicken you need to create an asset account for it and then set up a reminder to reduce this account each month and charge it to your budget (expense category)
Quicken Windows user since 1993.
0 -
I've found that after I got a deluxe account, using savings goals is a good way to keep track of it0
This discussion has been closed.
Categories
- All Categories
- 56 Product Ideas
- 36 Announcements
- 225 Alerts, Online Banking & Known Product Issues
- 22 Product Alerts
- 703 Welcome to the Community!
- 671 Before you Buy
- 1.2K Product Ideas
- 53.7K Quicken Classic for Windows
- 16.3K Quicken Classic for Mac
- 1K Quicken Mobile
- 812 Quicken on the Web
- 111 Quicken LifeHub