How do I change the account balance to "0" in a closed credit card account?

My closed credit card account is still showing a negative balance after I have closed the account. How do I fix this,
Actually running Quicken 2019 Premier R25.18

Best Answers

  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    Accepted Answer
    You can put in a balance adjustment transaction by entering a transaction where the category is the account name enclosed in square brackets.
    Like this:

    Balance Adjustment    [This Account]    $amountNeededtoZeroAccount
    Signature:
    (I'm always using the latest Quicken Windows Premier subscription version)
    This is my website: http://www.quicknperlwiz.com/
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Accepted Answer
    @Chris_QPW This is a duplicate post.  In the other thread, the OP stated that he had a duplicate debit in the account.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    Accepted Answer
    You can put in a balance adjustment transaction by entering a transaction where the category is the account name enclosed in square brackets.
    Like this:

    Balance Adjustment    [This Account]    $amountNeededtoZeroAccount
    Signature:
    (I'm always using the latest Quicken Windows Premier subscription version)
    This is my website: http://www.quicknperlwiz.com/
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Accepted Answer
    @Chris_QPW This is a duplicate post.  In the other thread, the OP stated that he had a duplicate debit in the account.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Dangerruss
    Dangerruss Member ✭✭
    I did not see the answer above in the previous thread.
    Actually running Quicken 2019 Premier R25.18
  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    I didn't see the other post.   :)

    BTW I should have probably stated "Ideally you would fix what is keeping the account from being zero, but here is a quick 'I don't care' solution".
    Signature:
    (I'm always using the latest Quicken Windows Premier subscription version)
    This is my website: http://www.quicknperlwiz.com/