Can I create Asset and Liability within a checking account?

atm guy

Hello, I'm new to Quicken. Trying to cut the ties with Quick Books, WAY too many features for my sole prop, 1 person business.

I am an ATM vendor(cash machines). My inventory is cash which of course runs through my bank accounts. I do not want the electronic deposits to reflect as income nor do I want my withdrawls of cash that I use to load my machines to reflect as expense.

Any ideas how to show the movement of cash through my bank accounts by way of asset and liability, such as I did with Quick Books.

jacobs

You can create separate accounts for Assets and Liabilities in Quicken. Transfers between accounts in Quicken are not income or expenses, just transfers between assets and liabilities.