Journal Entry

JeanineH
JeanineH I do not have Quicken yet Member
in Registers & Transactions (Windows)

I don't have a cash account.

This is for a rental account: I paid an invoice with personal cash and would like to enter it against the rental. I am not looking for reimbursement but would like it to show as an expense. How can I accomplish this?

Thank you for any consideration.

Jeanine

Answers

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    If you don't have a Cash account, I don't know of any way to record a cash paid amount, although there may be other ways to record this payment.

    How is the Invoice recorded?

    And, your profile states that you don't have Quicken. Is that accurate?

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • UKR
    UKR Quicken Windows Subscription SuperUser ✭✭✭✭✭

    And that's why I would recommend that you do create a Cash account register in Quicken.

    • To put money into the Cash account register, record your Cash withdrawal from the checking account as a transfer to the Cash account, e.g., Category = [name of Cash account] enclosed in square brackets
    • To record the cash payment, create an expense transaction and categorize to a Rental Expense category. If the expense applies to one of your rental properties, also tag it with the name of the property

    For example:

    image.png

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