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Quicken Classic for Windows
Registers & Transactions (Windows)
tracking 2 accounts paid by only one
4birdie
is there any way to track a loan that is paid thru one account but i want to track it as a separate
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splasher
Not sure what you are asking, how about explaining it in more detail?
Tom Young
It's not clear what you're trying to do here.
So, I think, you have a loan Account in Quicken, and that loan's monthly payments are remitted out of one checking Account. The accounting entry for a payment out of a checking Account is:
Debit (decrease) Loan Liability Account $XXX
Debit (increase) Loan Interest Expense $YYY
Credit (decrease) Checking Account $ZZZ
Of course $XXX + $YYY = $ZZZ
IF THAT'S REALLY WHAT'S HAPPENING IN THE REAL WORLD, THAT'S THE CORRECT ACCOUNTING, PERIOD.
I have a sneaking suspicion that you might be splitting a loan payment with some one else and you want that "receivable" to be entered along with the regular loan payment, though you haven't said so in so many terms. If that's the case then I think you need to set up a Reminder, set to go off on the same date the loan payment is due, making that entry for you.
Knowing some detail of what you have in mind would go a long way to getting a more specific answer.
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