Tracking IRS debt
I owe money to the US IRS. I'd like to set this up as a single separate account in Quicken can anyone suggest the best way to do so? IE: As loan, savings account, credit card, is there something I'm missing?
Answers
-
It should be some sort of Liability (debt) account … which would exclude Savings accounts which are assets.
BUT, rather than creating ANY account, have you looked into Savings Goals? That will set aside the money without the need for another account. It will make it appear that the money has been taken from your checking account without actually doing so.
A Savings Goal is money set aside for a future expense, which it seems you're trying to do.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0
