Best Way to Categorize

Question

How do I categorize items on a credit card statement in order to show spending at month/year-end?

Thank you

[Edited for Readability]

volvogirl · Answer

Did you set up a credit card Account?  The proper way is to set up a credit card ACCOUNT and enter the charges into it when the purchase is made and assigning it to a category. The transactions need to be entered with the date you charged it, not the date you pay the credit card bill.

Then when you pay the bill you TRANSFER the payment from your checking account to the credit card account. Then when you download the payment from the bank you match it to the one you already entered.  Then your credit card account should match what you actually owe at any time.

Sherlock · Answer

If you haven't already, you may want to review:

https://www.quicken.com/blog/question-of-the-month-may-2021

https://help.quicken.com/display/WIN/Tracking+your+credit+cards