Recategorizing expenses

Hello all. I have a question on how to recategorize expenses. When I withdraw cash from my bank account, I put that amount in a category called Cash expenses because I don't know what I will be spending it on. Later, when I spend some cash to say, pay for a meal at a restaurant, I would like to move that amount from Cash expenses to a category called Dining Out expense. How would I do that?
Thanks.

Best Answer

  • volvogirl
    volvogirl SuperUser ✭✭✭✭✭
    Answer ✓
    I would set up an Account called Cash (not a category).  Then enter the cash withdrawal to it as a Transfer.  Then you can enter transactions in the Cash Account to the expense categories.   

    I'm staying on Quicken 2013 Premier for Windows.

Answers

  • volvogirl
    volvogirl SuperUser ✭✭✭✭✭
    Answer ✓
    I would set up an Account called Cash (not a category).  Then enter the cash withdrawal to it as a Transfer.  Then you can enter transactions in the Cash Account to the expense categories.   

    I'm staying on Quicken 2013 Premier for Windows.

  • Cirrus267
    Cirrus267 Member
    Thank you. That is very helpful.