How should I add a prepaid debit card to Quicken
Marvin Gardens
Quicken Windows 2017 Member ✭✭✭
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?
Perhaps an Asset account?
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Answers
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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 (US) Subscription: R59.35 on Windows 11 Home
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Make this account an offline (manual) Checking account.
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