Entering Schwab Wealth Advisor Expenses in Quicken

Question

My Wealth Management account in Schwab makes a charge each quarter for their expenses. They show it as a Cash entry but no account to show receiving it.

Quicken wants an account where the money is going. Anyone know a way around that, or a good way to record it?

q_lurker · Answer

I used Miscellaneous Expense as the Transaction name, but seems to be missing something. I'll play with it more…

I was suggesting MiscExp as an Action, not as a “Transaction Name” suggesting a payee.

[Deleted User] · Answer

@breace2 a Miscellaneous Expense is usually used for security or fund related expenses.  It doesn't allow you to use a payee.

If you use a Withdrawal transaction, you can use a payee for the fee.

breace2 · Answer

Maybe. It looked like it still wants a Transfer Account, which I don't have.

I used Miscellaneous Expense as the Transaction name, but seems to be missing something. I'll play with it more…