Move credit card accounts from "banking" to "debts"
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mb25
Member ✭
Hi, for some reason my credit cards are mixed in with my bank accounts instead of with my debts. This means it shows I have a very very negative balance in cash when in actually I have plenty of cash on hand and am not negative. The only way I can think to fix this is to move my credit accounts out of the "banking" area where I would expect to find my liquid assets, and into the "debt" area where I expect to find my liabilities and thus where a credit card account belongs.
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You are certainly free to do that. Edit Account Details, Display options, under Account Intent, choose Liabilities instead of Credit. I don't know of any particular negative consequences of doing so.
I will say since inception, Quicken has categorized CC under the banking / credit area perhaps trying to encourage a belief that such debt is short term rather than long term.0
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