catagorize a transfer

Aweiss
Aweiss Member

why do transfers not get categorized all transfers should be in another column

1
1 votes

Reviewed · Last Updated

Comments

  • Hello @Aweiss,

    Thank you for reaching out to the Community and sharing this idea. Currently, Transfers aren't categorized in Quicken for Windows. Instead, the transfer itself shows up in the category column. It is possible to add tags or use the memo field to add more information.

    Thank you.

    Quicken Kristina

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  • splasher
    splasher SuperUser ✭✭✭✭✭

    Using a regular category indicates that the transaction is either income or expense. A transfer is neither, it is just moving money from one pocket to another.

    -splasher using Q continuously since 1996
    - Subscription Quicken - Win11 and QW2013 - Win11
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  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    edited April 2023

    To answer your "why" question, transafers are not categorized because they are not income or expenses. They are like moving money from one pocket to another.

    But if for example you would like transfers to and from your "spending" accounts appear on reports, one way to do it is to exclude the other account(s) from the report and on the Advanced tab, next to Transfers, pick "Exclude internal".

    With this setting, if your checking and credit card accounts are included in the report but your investing accounts are not, a transfer from your checking account to pay a credit card bill will not be on the report but a distribution from an IRA account would be shown on the report.

    QWin Premier subscription
  • Tom Young
    Tom Young SuperUser ✭✭✭✭✭

    Why don't you give us a specific example of a Transfer (moving money between Accounts in your file) that you'd like to treat as an "expense" or "income." There are ways to have Transfers appear in Reports as quasi-income or quasi-expenses and maybe that would accomplish what you're trying to do.