Cash

ashley6891
ashley6891 Member
I paid for a gift with a debit card. My friend gave me $20 cash to cover her part.

I would like to categorize the cash in cash account as both income and assign it to the "gift" category because she was paying me back for a gift I bought.

I want my gift category to show an additional $20 income since she paid me the $20.

Is there a way to do that?

Answers

  • NotACPA
    NotACPA SuperUser ✭✭✭✭
    edited January 28
    It's a split transaction.
    Total debit in your checking account is $40.
    In the split, $20 goes to GIFTS
    and $20 is a transfer to your CASH account.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • splasher
    splasher SuperUser ✭✭✭✭
    Why do you want to take credit for the $20 that you friend paid?  If you categorize the friend's $20 as gift, then that is what you are doing.  And it is not income, it is a reimbursement.
    -splasher  using Q since 1996 -  Subscription  -  Win10
    -also older versions as needed for testing
    -Questions? Check out the  Quicken Windows FAQ list
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