categorize credit card transfers upgrading from 2007 to 2017

I am soon updating from Q 2007 to Q 2017. Currently I cannot categorize my credit card spending. Will I be able to do this in 2017?

Comments

  • gmalis1gmalis1 Member
    edited February 2017
    What flavor of Quicken are you using?
  • Martha ReedMartha Reed Member
    edited January 2017
    Quicken for mac. currently 2007, switching to 2017. 
  • UKRUKR SuperUser
    edited September 2018
    You can categorize your credit card spending easily, in any version of Quicken, old or new.

    Simply create a credit card account register for each credit card you own.

    In each of these registers record each credit card purchase as a separate transaction, giving it a proper Category (or Split if more than 1 category is needed), e.g.,
    Starbucks   Category: Dining out   $ 5.00
    Safeway Category: Groceries $37.50
    When you pay the monthly credit card bill from your checking account, record this transaction as a transfer to the credit card account register. This will make a transaction appear in the credit card register, reducing the balance owed by the amount of your payment.
  • Martha ReedMartha Reed Member
    edited September 2018
    Will the credit cards charges then appear in the category detail and summary reports  if I select both the bank account and the credit card account? At the end of the year, I give my accountant these reports to track expenses. I need to have the charges from my credit card to be categorized the same way the checks in my bank account are. 
  • UKRUKR SuperUser
    edited January 2017

    Will the credit cards charges then appear in the category detail and summary reports  if I select both the bank account and the credit card account? At the end of the year, I give my accountant these reports to track expenses. I need to have the charges from my credit card to be categorized the same way the checks in my bank account are. 

    Yes. Just make sure that all accounts including the new credit card accounts are selected to be included in the report. They should be, but it never hurts to double check.
    
  • smayer97smayer97 SuperUser
    edited January 2017

    Will the credit cards charges then appear in the category detail and summary reports  if I select both the bank account and the credit card account? At the end of the year, I give my accountant these reports to track expenses. I need to have the charges from my credit card to be categorized the same way the checks in my bank account are. 

    What do you mean by " I need to have the charges from my credit card to be categorized the same way the checks in my bank account are."?

    Are you by chance entering your credit card charges in your bank account somehow? 

    If you find this reply helpful, please be sure to click "Like", so others will know, thanks.

    (STILL using QM2007, Canadian user since '92)

    Have Questions? Check out these FAQs:
  • smayer97smayer97 SuperUser
    edited January 23
    Martha, BTW, I would strongly advise that you stick with QM2007 until AFTER your tax season is dealt with. QM2017 reports are quite different than in QM2007 lacking many features that may (or may not) affect you. You probably do not want to deal with the learning curve of QM2017 while dealing with taxes and your accountant. 

    I suggest that you make sure that Quicken 2017 for Mac will meet your needs, since it is not an upgrade from QM2007 but rather from Quicken Essentials (which was re-written from the ground up, starting in 2010), so there are some features that are still not there e.g. loan amortization, 2-line display, QuickMath, or are not as fully developed yet, e.g. Customized Reports, investment lot management, performance reports and stats (therefore some data may not carry over). You can start here:
    http://www.quicken.com/mac/compare

    Currently, the main advantages of QM2017 over QM2007 include the ability to sync cash, bank, and credit card accounts using Quicken Mobile for mobile devices (iOS and Android) and the ability to save receipts with transactions via computer or mobile device. There are a few other minor features that QM2007 does not have. Note that QM2017 is being supported until April 30, 2020 whereas it has been announced that security fixes have ceased for QM2007 since QM2017 is released...see http://www.quicken.com/support/update-quicken-mac-2007-support-policies-may-2016 yet online access will continue as long as the FI/Bank supports it and their security updates don't prevent it.

    You may want to review the List of Obstacles and Hindrances for Migrating from QM2007 or QWin to Quicken for MacAdd your vote to any features that are missing for you. Your VOTES matter!
    - This contains links discussing the gaps in the reporting features 

    Be aware of data that will and will not carry forward: 
    https://www.quicken.com/support/what-data-gets-carried-over
    Then look at the updates since the original release here:
    https://www.quicken.com/support/quicken-2017-mac-release-notes
    Also read some of the Fixes and Improvements that are being released soon here:
    http://www.quicken.com/upcoming-product-fixes-and-improvements
    You will also want to look at a more detailed comparison done by a SuperUser which also identifies nuances not mentioned elsewhere (and read on for comments from other users too on that same discussion thread): 
    https://getsatisfaction.com/quickencommunity/topics/can-anyone-who-has-switched-from-2007-to-2015-he...
    Take a look at the following videos to give you a better idea:
    https://www.youtube.com/user/QuickenMac

    If you find that QM2017 does not meet your needs, the alternative is to continue to run QM2007 Lion Compatible (LC), which will run on Mac OS X 10.6.8 to 10.12 Sierra (so far).

    (If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)

    If you find this reply helpful, please be sure to click "Like", so others will know, thanks.

    (STILL using QM2007, Canadian user since '92)

    Have Questions? Check out these FAQs:
  • Martha ReedMartha Reed Member
    edited January 2017

    Will the credit cards charges then appear in the category detail and summary reports  if I select both the bank account and the credit card account? At the end of the year, I give my accountant these reports to track expenses. I need to have the charges from my credit card to be categorized the same way the checks in my bank account are. 

    Well, I was to start, but now I see that I can categorize the way I want if I enter them into a separate cc account. Thanks. 
  • smayer97smayer97 SuperUser
    edited January 2017

    Will the credit cards charges then appear in the category detail and summary reports  if I select both the bank account and the credit card account? At the end of the year, I give my accountant these reports to track expenses. I need to have the charges from my credit card to be categorized the same way the checks in my bank account are. 

    Ok good. Glad you figured that out. That is the correct way. 

    If you find this reply helpful, please be sure to click "Like", so others will know, thanks.

    (STILL using QM2007, Canadian user since '92)

    Have Questions? Check out these FAQs:
  • Martha ReedMartha Reed Member
    edited January 2017

    Martha, BTW, I would strongly advise that you stick with QM2007 until AFTER your tax season is dealt with. QM2017 reports are quite different than in QM2007 lacking many features that may (or may not) affect you. You probably do not want to deal with the learning curve of QM2017 while dealing with taxes and your accountant. 

    I suggest that you make sure that Quicken 2017 for Mac will meet your needs, since it is not an upgrade from QM2007 but rather from Quicken Essentials (which was re-written from the ground up, starting in 2010), so there are some features that are still not there e.g. loan amortization, 2-line display, QuickMath, or are not as fully developed yet, e.g. Customized Reports, investment lot management, performance reports and stats (therefore some data may not carry over). You can start here:
    http://www.quicken.com/mac/compare

    Currently, the main advantages of QM2017 over QM2007 include the ability to sync cash, bank, and credit card accounts using Quicken Mobile for mobile devices (iOS and Android) and the ability to save receipts with transactions via computer or mobile device. There are a few other minor features that QM2007 does not have. Note that QM2017 is being supported until April 30, 2020 whereas it has been announced that security fixes have ceased for QM2007 since QM2017 is released...see http://www.quicken.com/support/update-quicken-mac-2007-support-policies-may-2016 yet online access will continue as long as the FI/Bank supports it and their security updates don't prevent it.

    You may want to review the List of Obstacles and Hindrances for Migrating from QM2007 or QWin to Quicken for MacAdd your vote to any features that are missing for you. Your VOTES matter!
    - This contains links discussing the gaps in the reporting features 

    Be aware of data that will and will not carry forward: 
    https://www.quicken.com/support/what-data-gets-carried-over
    Then look at the updates since the original release here:
    https://www.quicken.com/support/quicken-2017-mac-release-notes
    Also read some of the Fixes and Improvements that are being released soon here:
    http://www.quicken.com/upcoming-product-fixes-and-improvements
    You will also want to look at a more detailed comparison done by a SuperUser which also identifies nuances not mentioned elsewhere (and read on for comments from other users too on that same discussion thread): 
    https://getsatisfaction.com/quickencommunity/topics/can-anyone-who-has-switched-from-2007-to-2015-he...
    Take a look at the following videos to give you a better idea:
    https://www.youtube.com/user/QuickenMac

    If you find that QM2017 does not meet your needs, the alternative is to continue to run QM2007 Lion Compatible (LC), which will run on Mac OS X 10.6.8 to 10.12 Sierra (so far).

    (If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)

    You make an excellent point I am using the QM2007 now with Mavericks. I was hoping to upgrade to a product that would allow me to access support.  I had called support to see if I could download my Quiken info to the free Wave accounting system and they wouldn't answer me. I will however, research the info that you gave me to make a more informed decision. Thanks. I may be back soon to ask more!
  • smayer97smayer97 SuperUser
    edited January 23

    Martha, BTW, I would strongly advise that you stick with QM2007 until AFTER your tax season is dealt with. QM2017 reports are quite different than in QM2007 lacking many features that may (or may not) affect you. You probably do not want to deal with the learning curve of QM2017 while dealing with taxes and your accountant. 

    I suggest that you make sure that Quicken 2017 for Mac will meet your needs, since it is not an upgrade from QM2007 but rather from Quicken Essentials (which was re-written from the ground up, starting in 2010), so there are some features that are still not there e.g. loan amortization, 2-line display, QuickMath, or are not as fully developed yet, e.g. Customized Reports, investment lot management, performance reports and stats (therefore some data may not carry over). You can start here:
    http://www.quicken.com/mac/compare

    Currently, the main advantages of QM2017 over QM2007 include the ability to sync cash, bank, and credit card accounts using Quicken Mobile for mobile devices (iOS and Android) and the ability to save receipts with transactions via computer or mobile device. There are a few other minor features that QM2007 does not have. Note that QM2017 is being supported until April 30, 2020 whereas it has been announced that security fixes have ceased for QM2007 since QM2017 is released...see http://www.quicken.com/support/update-quicken-mac-2007-support-policies-may-2016 yet online access will continue as long as the FI/Bank supports it and their security updates don't prevent it.

    You may want to review the List of Obstacles and Hindrances for Migrating from QM2007 or QWin to Quicken for MacAdd your vote to any features that are missing for you. Your VOTES matter!
    - This contains links discussing the gaps in the reporting features 

    Be aware of data that will and will not carry forward: 
    https://www.quicken.com/support/what-data-gets-carried-over
    Then look at the updates since the original release here:
    https://www.quicken.com/support/quicken-2017-mac-release-notes
    Also read some of the Fixes and Improvements that are being released soon here:
    http://www.quicken.com/upcoming-product-fixes-and-improvements
    You will also want to look at a more detailed comparison done by a SuperUser which also identifies nuances not mentioned elsewhere (and read on for comments from other users too on that same discussion thread): 
    https://getsatisfaction.com/quickencommunity/topics/can-anyone-who-has-switched-from-2007-to-2015-he...
    Take a look at the following videos to give you a better idea:
    https://www.youtube.com/user/QuickenMac

    If you find that QM2017 does not meet your needs, the alternative is to continue to run QM2007 Lion Compatible (LC), which will run on Mac OS X 10.6.8 to 10.12 Sierra (so far).

    (If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)

    Just discovered that the link above to the "List of Obstacles and Hindrances for Migrating from QM2007 or QWin..." was broken. It is now fixed.

    If you find this reply helpful, please be sure to click "Like", so others will know, thanks.

    (STILL using QM2007, Canadian user since '92)

    Have Questions? Check out these FAQs:
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