The quicken Cash flow Calendar doesn't subtract my upcoming credit card balances from cash flow
The cash flow calendar applies all other upcoming scheduled payments and incomes and adds or subtracts them from the running balance. It shows the upcoming credit card balance but doesn't subtract it from the running balance in the calendar. How do i fix this?
Thanks so much.
Best Answers
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Are both your checking account and the credit card account showing their transactions in the calendar?
If so, then the transfer of money from checking to credit card is not really a reduction in your combined balances (aka Net Worth). It's just a movement of money from one pocket to another. The net difference being zero.2 -
Ok that makes sense. I had already accounted for each expense that created the credit card balance. So, it was taken into account. It took me a minute to wrap my head around this. Thanks so much for your help.
0
Answers
-
Are both your checking account and the credit card account showing their transactions in the calendar?
If so, then the transfer of money from checking to credit card is not really a reduction in your combined balances (aka Net Worth). It's just a movement of money from one pocket to another. The net difference being zero.2 -
Ok that makes sense. I had already accounted for each expense that created the credit card balance. So, it was taken into account. It took me a minute to wrap my head around this. Thanks so much for your help.
0