How should I add a prepaid debit card to Quicken

My new health insurance comes with a pre-paid debit card that I can use to buy OTC products. How should I add it to Quicken so I can track the balance? I d not expect to be downloading transactions from any bank.

Perhaps an Asset account?
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Answers

  • Boatnmaniac
    Boatnmaniac SuperUser ✭✭✭✭✭
    edited January 2023
    I have set up manual Cash accounts for them (Add Account > Other Assets & Liabilities > Cash on Hand).  You can name it whatever you want.  During the setup process you will be asked for what the opening balance is....just enter the pre-paid debit card amount as a positive number for that.
    You could also set it up as a manual Credit Card account (Add Account > Offline Account > Credit Card).  But during the set up process enter the pre-paid amount as a negative number so it will show up in the account register as a positive account balance.
    Then just manually enter your purchase transactions going forward.  Quicken will debit the positive account balance in the register.

    (Quicken Classic Premier Subscription: R55.15 on Windows 11)

  • UKR
    UKR SuperUser ✭✭✭✭✭
    Make this account an offline (manual) Checking account.
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