How do I add a category to a transaction that includes an inter-account transfer?

I have an account set up in Quicken for our mortgage. When I make a mortgage payment, it's set up to automatically split between mortgage interest and a transfer to the mortgage account to reflect the principal payment. This principal amount does not show up in any spending category. Is there a way to categorize this amount while still accomplishing the transfer to the mortgage account.
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Best Answer

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Accepted Answer
    A category either increases your net worth (Income cat) or decreases it (expense cat).
    A transfer does neither.  It reduces the value of your checking account, but at the same time reduces the balance owed on your mortgage ... a net $0 to your net worth.
    You might want to look at the Cash Flow report to see if that's closer to what you want.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • splasher
    splasher SuperUser ✭✭✭✭
    No, not in Quicken for Windows.

    -splasher  using Q since 1996 -  Subscription  -  Win10
    -also older versions as needed for testing
    -Questions? Check out the  Quicken Windows FAQ list
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Accepted Answer
    A category either increases your net worth (Income cat) or decreases it (expense cat).
    A transfer does neither.  It reduces the value of your checking account, but at the same time reduces the balance owed on your mortgage ... a net $0 to your net worth.
    You might want to look at the Cash Flow report to see if that's closer to what you want.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
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