How do I include portions of a past expense into future budgets?

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'?

Best Answer

  • doodles
    doodles Member ✭✭
    Accepted Answer
    I've found that after I got a deluxe account, using savings goals is a good way to keep track of it

Answers

  • bmciance
    bmciance SuperUser ✭✭✭✭✭
    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)
  • doodles
    doodles Member ✭✭
    Accepted Answer
    I've found that after I got a deluxe account, using savings goals is a good way to keep track of it
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