Asset to Lending Loan Interest Category
I have converted an Asset to a Lending Loan for which I received periodic payments. Everything works fine except the Interest Received category is blank. I then have to manually edit each payment after its posted to my checking account register to reflect a category for my interest income. Is there any way to edit this category in the account setup so it happens automatically? I have tried editing the loan payment but no option exists to enter categories other tha for "other"
Quicken Classic Deluxe for Windows - R64.35
Answers
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Isn't there a Scheduled Reminder which makes the monthly deposit transaction?
If there is, editing this reminder (this instance and all future instances) should allow you to fill in the missing Interest Received category in Split Line #20 -
The Account setup to convert the asset to a lending loan should have that interest Category prominently displayed as the "wizard" walks you through the process. You're not seeing that? That suggests that something's wrong with the initial setup.
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