Save split transaction categories

Lynn K.

Using a Quicken Deluxe subscription. I entered all new categories to split my credit card payment. But when I try to enter the next month's payment, Quicken remembers the old categories and not the changes I made. How do I get it to save the new categories?

volvogirl

How are you entering your credit card charges and payments? There might be a better way. You should not be splitting the payment.

To enter credit card....

The proper way is to set up a credit card ACCOUNT and enter the charges into it when the purchase is made and assigning it to a category. The transactions need to be entered with the date you charged it, not the date you pay the credit card bill.

Then when you pay the bill you TRANSFER the payment from your checking account to the credit card account. Then when you download the payment from the bank you match it to the one you already entered.  Then your credit card account should match what you actually owe at any time.

When you enter the payment in your checking account you put the credit card account name in for the category using square brackets around the name to indicate it is a transfer...like this… [credit card] or newer versions have a Transfer column.