How Do I Prevent Double Postings?

Question

This is relatively new (seen it probably in the past 6-12 months?): when I download transactions from my Credit Card and Checking accounts, my payments to Credit Cards are double posted, both in my Credit Card account and in my Checking account. Prior to the last 6-12 months, Quicken would recognize a similar transaction, happening on the same day for the same amount, and catch it. It doesn't anymore. What do i do to stop it? I know I have to go into each account and delete the dupes.

Thanks!

UKR · Answer

A transfer transaction is indicated by the contents of the Category field showing the name of an account register, enclosed in [square brackets]. For example, this transaction in my checking account pays my credit card bill:

As a result of recording this transaction, a linked matching transaction will also appear in the credit card account register, but with the name of the [checking account] in the Category field.

leedowe · Answer

How do you manually make it a transfer transaction?

UKR · Answer

The programmers have indeed been trying to improve the way that transfer transactions are being recognized upon download … with mixed results.

I recommend you record your credit card payment transactions as scheduled transfer reminders. Do this when receiving the new credit card statement notification and you will have correctly categorized transfer transactions appearing in both checking and credit card registers, waiting for any downloads to arrive.

When you download transactions after due date, any downloaded payment confirmations will be matched with the already existing register transactions. No more duplicates to clean up.