For a special situation, how to categorize a check I need to write?

cacampbell
Quicken Windows 2016 Member
A person wrote ME a check but it should have been written to another individual. I recorded the payment as income and I now need to write a check to refund that payment. to the correct person. How do write a check to avoid showing it as an expense or income. This is similar to a "transfer"... I need to transfer the check amount from my account to another person that I do not maintain an account for.
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Best Answers
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Whatever category you used when you recorded/deposited that 1st check ... use the same category when you write the new/replacement check.The 2 will offset each other and thus result in $0 for Income/Expense.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
You just write the check and enter it with the same income category that you put on the wrong deposit so it cancels out. It is not a transfer in your Quicken account. Or change the deposit to another category and put your payment to the same category.
I'm staying on Quicken 2013 Premier for Windows.
0
Answers
-
Whatever category you used when you recorded/deposited that 1st check ... use the same category when you write the new/replacement check.The 2 will offset each other and thus result in $0 for Income/Expense.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
You just write the check and enter it with the same income category that you put on the wrong deposit so it cancels out. It is not a transfer in your Quicken account. Or change the deposit to another category and put your payment to the same category.
I'm staying on Quicken 2013 Premier for Windows.
0
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