Credit Card Payments
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When I record a purchase it gets added to my expense totals. When I then record a creditcard payment it also gets added to my expense total. this makes my expenses look 2x the amout actually spent. How do make these entries so this does not happen?
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Best Answers
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Hello Joe,
It sounds like you are needing to create a transfer.
Please see: https://www.quicken.com/support/how-do-i-categorize-transfer-quicken-windows
Hope this helps!~~~***~~~5 -
A credit card payment should go against the account and not as a category. So as an example you pay from [citibank checking] and pay to [chase credit card]. The [ ] indicate an account in Quicken vs. a category.
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Answers
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A credit card charge should be recorded in a Credit Card account in Q.THEN, the card payment, which is recorded as a transfer from your checking account to your card account, isn't an Expense.SO, how are you doing it?
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
Hello Joe,
It sounds like you are needing to create a transfer.
Please see: https://www.quicken.com/support/how-do-i-categorize-transfer-quicken-windows
Hope this helps!~~~***~~~5 -
A credit card payment should go against the account and not as a category. So as an example you pay from [citibank checking] and pay to [chase credit card]. The [ ] indicate an account in Quicken vs. a category.
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