Reclassify expenses using single entry

Question

Hello,

I simply want to reclassify 50 or so expenses from one category to another (using just one transaction for the total amount, for e.g., changing $100 from a "supplies" expense to a "maintenance" expense.

In quickbooks I used the "general ledger" but have no idea how to do this in Quicken.

Any ideas?

Quicken Jasmine · Answer

https://community.quicken.com/discussion/comment/20470687#Comment_20470687

Thanks for sharing!

jacobs · Answer

Sorry, I started to reply and got interrupted before I posted. In case it's still of use, here's how to do the "general ledger"-type approach, in which you would debit one account and credit another. In Quicken, expenses are categories, not accounts, but the principal is the same. The trick here is to create a $0 transaction where the first split line would reduce one expense category and the second split line would increase the other expense category. So in your example:

Here's the result of that transaction in a report:

Note that since expenses are negatives in Quicken, the expense category you want to increase — in this case Maintenance — is negative, and the one you want to decrease is positive.

Quicken Jasmine · Answer

Hello @Frankvet,

I'm happy to hear that you were able to figure it out. Thanks for coming back to let us know!