How do I categorize a payment on a debt account?

LTDan
LTDan Quicken Windows Subscription Member
edited March 2023 in Paying Bills, Online Billers & Reminders (Windows)
I have recently obtained several medical bills that I need to make payment on. I have made them a "debt" or "loan" account in quickens so that I can keep track of the balance on all. How do I categorize the payment as a "medical bill" when I make a payment to reduce the account?

Answers

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited February 2023
    Set the tax attributes on that account so that 'TRANSFERS IN" use the category that you want.
    Then record your payments as transfers into the account, which will reduce it's balance towards $0

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • LTDan
    LTDan Quicken Windows Subscription Member
    That was what I had done, but I did not know if there was a way I was to or could do it by using the categories. Ok I will leave it alone then and continue to do it that way. thank you.
  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    In QWin, Transfers and Categories are mutually exclusive.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

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