How to record an expense associated with a net rent deposit?

Delaine

I am recording rent received when it hits the checking register. However, that is net rent after the management fee. How do I record gross rent and then the associated expense.

Quicken Jade

Hello @Delaine, you can use multiple categories on a transaction by recording it as a split. That way you can designate part of the transactions as rent and the other as a fee, here is how you would do this;

Instructions

1. Open the account you want to use.
2. In the register, click the transaction you want to categorize.
3. On the transaction toolbar, click the Split icon.

1. In the Split Transaction dialog, enter (or edit) the category, tag (optional), and amount for each individual item on a separate line.

What can I do here?

1. As necessary, adjust the individual line amounts. (Optional)

Tell me more

1. Click OK to close the Split Transaction dialog.
2. On the transaction toolbar, click Save to enter the transaction into the register (unless you've enabled the register preference Automatically Enter Split Data)

I hope this helps!
- Quicken Jade