confusion over bank transfer to credit card
Scott11
Quicken Windows Subscription Member ✭✭
I was looking at the Spending report and noticed that I had a -$19,000 for bills and utilities for the year. I was wondering why that -$19k showed there so I click on the detail and there are monthly transactions that all have payee of "Principal Interest Fees" and category is Bills & Utilities: credit card payment. These transactions are on the credit card side.
On the bank side I see payee of "withdrawal my name here ck" and a category of [bank acct]. Bank account refers to that checking account. Oddly, July shows the same, except category shows [credit card].
I setup a transfer from checking to pay the credit card in full a day or so before it's due every month.
1) How do I stop this from happening?
2) Do I fix on the bank side? If I edit existing transaction, will it create a new transaction on the credit card side and do I have to delete the old (duplicated) one on the cc side?
On the bank side I see payee of "withdrawal my name here ck" and a category of [bank acct]. Bank account refers to that checking account. Oddly, July shows the same, except category shows [credit card].
I setup a transfer from checking to pay the credit card in full a day or so before it's due every month.
1) How do I stop this from happening?
2) Do I fix on the bank side? If I edit existing transaction, will it create a new transaction on the credit card side and do I have to delete the old (duplicated) one on the cc side?
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Answers
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I went for it and made a backup. I changed the bank transaction to a transfer and after selecting the transfer to credit card it said something that it's the same account am I sure? I said yes and then it asked if the transaction matched the one in the credit card and I said yes again. It didn't seem to duplicate either one... The spending report looks better now.0