Splitting a Bill with Others

JAV957
JAV957 Quicken Windows Subscription Member
edited May 2023 in Registers & Transactions (Windows)

What is the best way to log that you were reimbursed for a bill? I frequently put my credit card down for the bar/restaurant that I am then Venmo'd later for a friends portion of the tab.

What is the most effective way to log this split for tabs? My goal is to have my spending reflect my actual spend and not a full bar tab just because I put my card down.

Answers

  • q_lurker
    q_lurker Quicken Windows Subscription SuperUser ✭✭✭✭✭

    I would use your 'normal' category for the base transaction (Dining, Drinks, BarHopping, etc.) for the full amount. When you receive the Venmo or other payment into your Checking (?) account, record that receipt against the same category. You'll end up with that catgory showing you spent $120 on it and took in $80 for a net $40 spent on BarHopping that night/week/month. (Who shorted you?)

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