Change to memorized payee without changing amount?

Question

I need to be able to change the payee on a downloaded transaction (to a memorized one that I use all the time) - e.g. when the transaction downloads as payed to "Transfer," rather than to the recipient of a transfer. When I edit the Recipient, or even the category, it changes the amount automatically to the memorized amount from the correct amount downloaded. Is there a way to turn off the memorized payee changing the amount? I can see how this is a "feature" if recurring transactions are entered manually, but it is very problematic in the situation of editing downloaded transactions, which I expect is more common in modern times.

Tom Young · Answer

This is a bit confusing since in Quicken the word "transfer" denotes moving money from one Balance Sheet Account to another Balance sheet Account, so I'm assuming that you want to change the downloaded Payee name (which happens to be "Transfer") to a different payee name (with that payee being on the Memorized Transactions list) without changing anything else?  You certainly can do that.

Go the the downloaded transaction, put the cursor in the Payee box and delete that name, then start typing in the first letter or two of the correct name (the memorized payee).  Quicken immediately displays the Memorized Payee with all the memorized information, including the dollar amount and Category.  But you'll notice that when Quicken does that it substitutes the correct name of the correct payee in the Payee box.  At that point you can simply click in some "white space" on the screen, i.e., a spot where nothing happens when you click the spot, and the Memorized Payee display goes away, but Quicken does leave the correct Payee name in the transaction.  At that point you can simply click Enter and the transaction - unchanged except for the Payee name - is saved.

splasher · Answer

I'm not sure if this will solve your issue, but ALL of my Memorized Payees have $0 and are LOCKED.