What 'Category' do I use for "Opening Balance"? Or do I leave it blank?

Auto Update from bank shows it as a transfer back into same account.
Is that correct? do I do that for accounts I add manually?

Best Answer

  • jrich75
    jrich75 Member ✭✭✭✭
    Accepted Answer
    Typically, the name of the account in brackets.  In essence it is a cash transfer back into the account being opened.
    Quicken user since 1995
    Win10 Deluxe Subscription thru 2021

Answers

  • jrich75
    jrich75 Member ✭✭✭✭
    Accepted Answer
    Typically, the name of the account in brackets.  In essence it is a cash transfer back into the account being opened.
    Quicken user since 1995
    Win10 Deluxe Subscription thru 2021
  • Bob_L
    Bob_L SuperUser ✭✭✭✭✭
    Yes that is correct. A transfer back to itself is a way of entering a transaction without using cash, and it is therefore how you create opening balances.
    Quicken Premier Subscription, Windows 10 Home
  • livegrace
    livegrace Member ✭✭
    Thank you so very much. I search HELP high and low with no success...
    I so appreciate the assist !
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