If you enter a cash transaction how do you also still be able to balance online with the bank balanc
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I am sort of new to quicken, but I have cash expenses that I have paid for and would like to enter into the records but when I do that, the bank balance no longer balances when I do an update. Is there a special way to enter a cash expense for record keeping and not mess up knowing the bank balance?
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Best Answer
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Most folks setup a "Cash" account in Quicken in the Banking section (I have one named "Petty Cash"). As you withdraw cash from your bank account/ATM you post the bank withdrawal to this account. Then when you spend the cash, you use that account to allocate your spending to various other expense categories.
Here's more info
https://community.quicken.com/discussion/comment/17161805#Comment_17161805
Good luck!Quicken Home, Business & Rental Property - Windows 10-Home Version
- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -6
Answers
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Most folks setup a "Cash" account in Quicken in the Banking section (I have one named "Petty Cash"). As you withdraw cash from your bank account/ATM you post the bank withdrawal to this account. Then when you spend the cash, you use that account to allocate your spending to various other expense categories.
Here's more info
https://community.quicken.com/discussion/comment/17161805#Comment_17161805
Good luck!Quicken Home, Business & Rental Property - Windows 10-Home Version
- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -6
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